About MedQwik
MedQwik is a Healthcare company based in Hyderabad (India) founded in 2017. Cloud-based application for pharmacy billing, inventory, and GST management. It operates on a SaaS and B2B model. Its Indian entity Octet Logic (Opc) Private Limited reported revenue of ₹9.3 Lakh. MedQwik offers products and services including MedQwik Application, Sales Dashboard, and Material Movement Tracker. Its focus areas include Pharmacy Tech, Sales Tracking, GST Compliance and Inventory Management. Its competitors include Medbikri and Redbook; 2 of its 2 listed competitors have raised funding.
Company details
MedQwik is a cloud-based software that provides GST-compliant billing and inventory management for single or chain pharmacies. It operates without installation, accessible via any internet browser, allowing users to track sales, material movement, and profitability from anywhere. The application supports features like threshold management, payables, receivables, and secure access, primarily serving pharmacy stores in India. It ensures 247 availability and focuses on efficient business performance tracking for retail pharmacies.
- Headquarters Hyderabad, India
- SectorsHealthcare
- Email••••••••
- Website medqwik.com
- Legal Name Octet Logic (Opc) Private Limited
- Date of Incorporation 21 Feb, 2019
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹9.3 Lakh
FY 2025 · +99% YoY
- Net Loss-₹9,753
FY 2025 · -1% margin
- EBITDA₹78,488
FY 2025 · 8% margin
Associated legal entities of MedQwik
MedQwik operates through Octet Logic (Opc) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Octet Logic (Opc) Private Limited CIN U72900TG2019OPC130801 | Active | 21 Feb 2019 | Hyderabad, Telangana | ₹0.1 Cr | 1 | View details |
Products & Services of MedQwik
MedQwik offers a comprehensive portfolio of products and services, including MedQwik Application, Sales Dashboard, and Material Movement Tracker.
Cloud-based tool for managing pharmacy billing and stock tracking.
Platform for monitoring monthly sales and profitability reports.
System to handle pharmacy stock inflows and outflows securely.
Board of directors of Octet Logic (Opc) Private Limited (MedQwik)
Octet Logic (Opc) Private Limited is the primary company behind MedQwik. The board of Octet Logic (Opc) Private Limited currently has 1 director; the longest-serving is Venkata Naga Kumar Turlapati Purnananda, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkata Naga Kumar Turlapati Purnananda DIN 08370300 | Director | 21 Feb 2019 | 7 yrs 8 mo | Octet Logic (Opc) Private Limited |
Financials of MedQwik
Figures of Octet Logic (Opc) Private Limited, the primary company behind MedQwik, for FY 2025. Revenue was ₹9.3 Lakh (+99% year on year). Net loss was -₹9,753 (-1% margin). EBITDA was ₹78,488 (8% margin). Revenue has grown at a compounded annual rate of +28% over three years and +55% over five years.
- ₹9.3 LakhRevenue · FY 2025 · +99% YoY
- -₹9,753Net loss · -1% margin
- ₹78,488EBITDA · 8% margin
- ₹1 LakhPaid-up capital
- +28%Revenue CAGR, 3 years
- +55%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Octet Logic (Opc) Private Limited are on its company page.
Detailed financial statements for MedQwik
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of MedQwik
MedQwik has 2 listed competitors in our database, 2 of them funded. They include Medbikri and Redbook.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| medbikri.com | 2021 | Bengaluru, India | $1.3M | 69 | Inventory and sales management solutions for pharmacies are provided. | |
| redbook.co.in | 2015 | Mumbai, India | $321,701 | 351 | GST-enabled software for pharmacy retail and distribution management is provided. |
Detailed competitors of MedQwik
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Pharmacy & Healthcare Retail Systems
2 companies that operate in the same segment as MedQwik (Pharmacy & Healthcare Retail Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers a B2B managed marketplace for pharmacies | 2019 | Bengaluru, Karnataka, India | USD 20.02 M | USD 20.23 M | 218 | |
Digital healthcare tools are offered for pharmacies and clinics management. | 2012 | Mumbai, Maharashtra, India | USD 1.19 B | USD 719.01 M | 215 |
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Frequently Asked Questions about MedQwik
MedQwik was founded in 2017.
MedQwik is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind MedQwik, Octet Logic (Opc) Private Limited, reported revenue of ₹9.3 Lakh for FY 2025, up 99% year on year.
MedQwik is a cloud-based software that provides GST-compliant billing and inventory management for single or chain pharmacies. It operates without installation, accessible via any internet browser, allowing users to track sales, material movement, and profitability from anywhere. The application supports features like threshold management, payables, receivables, and secure access, primarily serving pharmacy stores in India. It ensures 247 availability and focuses on efficient business performance tracking for retail pharmacies.
MedQwik offers MedQwik Application, Sales Dashboard, and Material Movement Tracker.
MedQwik operates through Octet Logic (Opc) Private Limited.
The legal entities of MedQwik currently have 1 director, including Venkata Naga Kumar Turlapati Purnananda.