Pharmacy retail chain Guardian Lifecare plans to nearly double its retail outlets in the next three years with an investment of Rs 150 crore. The company plans to open nearly 30-40 franchisees annually over the next three years. "We will be adding 50-75 pharmacies at an investment of Rs 50 crore per year. So in the next three years, with an investment of Rs 150 crore we will almost double our retail outlets," Guardian Lifecare CMD Ashutosh Garg, said. At present the Gurgaon-based firm has 230 company-owned retail outlets and 15 franchises. As part of its expansion plan, the company would also be opening nearly 30-40 franchises annually for the next three years. Garg added that the investment would be funded through internal accruals and debt. Speaking about the expansion plans, Garg said that the company would focus on Northern India for the initial part of the expansion process. "Our focus in the next 12-18 months would predominantly be on North India. After that we would focus on other regions, including Mumbai and Pune," he added.