Eighteen-year-old Arjun Deshpande has been eagerly waiting for his class 12 results while the Covid19 lockdown continues in Mumbai. He loves football and reading. But he is not a regular teenager. He is the founder of a start-up that employs 55 people and has managed to catch the attention of Tata Group patriarch Ratan Tata. The industrialist has now invested in his pharmaceutical business venture Generic Aadhaar to provide affordable medicines to the masses.
After several weeks of brainstorming, Generic Aadhaar was born in 2019. It works on a simple business model where Arjun Deshpande and his team procure generic drugs directly from manufacturers that are WHO-GMP certified and provide them to the retailers, thereby cutting out the middlemen and delivering medicines to masses at a much lower cost. The medicines sold at Generic Aadhaar are sold at 20-30 percent lesser than the market rate, claims the teenager.
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