Archive · 5 Jun 2025
Apollo HealthCo CEO Discusses Growth Strategy, Insurance, and Cards
Apollo HealthCo, which includes pharmacies and digital services, is trying to make more money.
They got permission to sell insurance and teamed up with SBI for credit cards.
The CEO says that the credit cards and insurance will work together with their pharmacy, diagnostics, and doctor consultation services.
They deliver medicines quickly in some cities and hope to make deliveries faster overall.
The SBI credit card will give customers a discount on purchases.
The company is working to make more people use credit cards for buying medicines, which will help the business grow.
They aim to become profitable by the end of the year.
Apollo HealthCo, the digital arm of Apollo Hospitals, aims to achieve profitability by year-end.
The company recently received approval to operate as a corporate agent and partnered with SBI for co-branded cards.
The CEO highlights the integration of pharmacy, diagnostics, consultations, insurance, and cards under one umbrella.
Apollo HealthCo offers 19-minute delivery in select cities, with most deliveries completed within the same day.
The SBI co-branded card aims to increase credit card transactions for pharmacy purchases and provide customer value.
- Who
- Apollo HealthCo CEO Madhivanan Balakrishnan
- What
- Discussing growth, insurance, and co-branding cards.
- When
- Hoping to achieve profitability by the end of the financial year.
- Where
- Focusing on top cities, expanding to more locations.
- Why
- To provide customers with affordability, best possible services and increase efficiencies.
- Business Units
- Pharmacy, diagnostics, consultations, insurance, and cards
- Daily Deliveries
- Approximately 59,000-60,000 daily pharmacy deliveries
- Monthly Diagnostics Tests
- Around 80,000 to 1,00,000 diagnostic tests monthly
- Daily Consultations
- About 3,000 consultations daily
- Fast Delivery Service
- 19-minute delivery in top 6 cities
- SBI Card Benefit
- 25% cash back on purchases
- Card Target
- Targeting 7,50,000 to 1 million cards in 18 months