Tata Digital Limited, a 100% subsidiary of Tata Sons Private Ltd, is all set to acquire a majority stake in 1MG Technologies Private Ltd (a digital health company).
Incorporated in 2015, 1MG is a leading player in the eHealth space and enables easy and affordable access to a wide range of products like medicines, health and wellness products, diagnostics services and teleconsultation to customers. The company operates 3 state-of-the-art diagnostics labs, has a supply chain covering over 20,000 pin codes across the country and through its subsidiaries is also engaged in the business of B2B distribution of medicines and other healthcare products.
“The investment in 1MG strengthens Tata’s ability to provide superior customer experience and high-quality healthcare products & services in e-pharmacy and e-diagnostics space through a technology-led platform,” said Pratik Pal, CEO of Tata Digital in a release.
Tata Digital is a 100 per cent subsidiary of Tata Sons. Tata Digital’s venture into 1MG signifies Tata’s ambition of bringing together e-diagnostics, e-pharmacy, telepharmacy, online grocery, fitness, fashion, and food delivery into one single digital ecosystem. Notably, 1MG has three diagnostics labs and it has the capacity to deliver in more than 20,000 pin codes.