Jashvik Capital, a prominent mid-market private equity firm, has recently announced its acquisition of a stake in Marg ERP, a leading pharma software provider, for over ₹400 crore. This investment marks a significant move towards capitalizing on the expanding market for organised healthcare software as a service (SaaS) in India. With increasing emphasis on digitization, regulatory compliance, and evolving consumer trends, the healthcare software services sector is poised for substantial growth.
Founder and managing partner Naresh Patwari envisions a promising future for healthcare SaaS in India and sees Marg ERP as a pivotal player in leveraging this growth trajectory. Established in 2000, Marg ERP is renowned for its ERP and accounting software solutions tailored for pharmaceutical retailers and wholesalers. With a strong presence in India and 32 other countries, the firm serves a vast network of stakeholders in the pharmaceutical distribution chain, holding a market share of over 50% in key segments. Jashvik Capital’s investment in Marg ERP signifies the firm’s strategic positioning at the forefront of the evolving healthcare software landscape, setting the stage for future advancements and innovations in the industry.
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