Capital Investment by Jashvik Totals Over 400 Crore INR for Digital Advancement in Marg ERP Within Pharmaceuticals and Healthcare Sectors
Jashvik Capital Invests Rs 400 Crore in Marg ERP
Jashvik Capital, a mid-market private equity firm, has invested over Rs 400 crore (approximately $46 million) in Marg ERP, a leading Indian provider of enterprise resource planning (ERP) and inventory management software for small and medium enterprises (SMEs) across healthcare, FMCG, and retail sectors.
Founded in 2000 by Anup Singh Thakur, Sudhir Singh Thakur, and Mahendar Singh, Marg ERP serves more than 500,000 subscribers across India and 32 other countries. The company has a significant presence in the pharmaceutical distribution and retail business in India, with almost half of these businesses using Marg's software solutions.
The investment aims to accelerate Marg ERP’s product innovation, enhance customer focus, and drive expansion, both domestically and internationally. This includes organic and inorganic growth strategies.
Naresh Patwari, Founder and Managing Partner at Jashvik Capital, has been consistently impressed by Marg ERP's strategic foresight and passion for using technology in the healthcare sector. He highlighted Marg ERP’s innovative solutions, particularly its ECOD platform for pharmaceutical companies and AI-enabled ordering and payment solutions for retailers and distributors.
The PE firm will support Marg ERP in scaling further and sees the investment as a strategic move to build a global healthcare SaaS leader from India. Marg ERP's Chairman and Managing Director, Anup Singh Thakur, plans to leverage Jashvik Capital's expertise in healthcare, pharma, and health tech to expand Marg ERP globally.
This investment by Jashvik Capital is its fourth overall, following prior deals in the healthcare and consumer sectors. The firm, backed by investors including the government-backed Self-Reliant Fund, is sector-agnostic and focuses on mid-market opportunities.
Marg ERP's growth strategies include deepening its footprint in international markets through its recently launched cloud-based accounting and ERP product, Marg Book. The company is supported by over 850 channel partners across over 650 cities.
Earlier this year, Marg ERP's founders repurchased a 49 percent stake previously held by API Holdings. The financial details of the transaction between Marg ERP and Jashvik Capital remain undisclosed.
[1] Business Standard, "Jashvik Capital invests Rs 400 crore in Marg ERP," [accessed 2023-03-15]. [2] Economic Times, "Jashvik Capital invests Rs 400 crore in Marg ERP," [accessed 2023-03-15]. [3] LiveMint, "Jashvik Capital invests Rs 400 crore in Marg ERP," [accessed 2023-03-15]. [4] Moneycontrol, "Jashvik Capital invests Rs 400 crore in Marg ERP," [accessed 2023-03-15].
- The investment by Jashvik Capital in Marg ERP, a tech-focused enterprise resource planning (ERP) software provider, is aiming to fuel product innovation, customer focus, and growth, both domestically and internationally.
- Jashvik Capital's strategy in investing in Marg ERP includes supporting the company in scaling further, with a vision to build a global healthcare Software-as-a-Service (SaaS) leader from India.
- Marg ERP's growth plans involve deepening its international footprint through its cloud-based accounting and ERP product, Marg Book, and leveraging Jashvik Capital's expertise in healthcare, pharma, and health tech for global expansion.
- To drive Marg ERP's growth and innovation, the investment from Jashvik Capital will primarily be utilized for enhancing product offerings, such as the ECOD platform for pharmaceutical companies and AI-enabled solutions for retailers and distributors.
