JMD Medico launches new herbal products

JMD Ventures’ consumer products subsidiary JMD Medico Service has launched a variety of herbal and natural Ayurvedic products across India.

The launch is part of JMD Medico’s ongoing strategy for pan-India expansion. The firm currently operates logistics centres in Mumbai and Kolkata to meet market demands.

With a portfolio of 18 haircare, skincare, healthcare, and bodycare products, the firm works with a distribution network of ten super stockists, 50 distributors, and 5,000 retailers.

JMD Medico debuted in the country in 2015 and is now extending its reach to Maharashtra and neighbouring states.

JMD Medico Service chairman Jagdish Purohit said: “In our first year, we managed to make a strong presence in the eastern states of India. We see western India as a primary market since the consumption of Ayurveda products is humungous.

“We plan to make a double-digit growth by the end of the year by growing our network and launching our products across the country.”

JMD Medico tests, develops, and manufactures its products in its research and development (R&D) facility at Haridwar, Uttarakhand. The products are available for purchase at retail stores as well as through its website jmdmedico.com.

With an aim to achieve revenue of Rs5bn ($77.6m) over the next three years, the firm intends to expand its product portfolio with new product launches every month.