PCD Pharma Franchise Business in India
PCD Pharma Franchise Business in India – Many Pharmaceutical professionals have got a great business opportunity through PCD Pharma Franchise. With benefits like good profit margin, monopoly rights, promotional support, and others, it has become a lucrative business. The Scope for franchise and PCD business seems to be great as the demand for quality and affordable healthcare products is quite high and expected to increase in the coming time.
Servocare Lifesciences is the fastest growing pharmaceutical company with an excellent range of medicine manufactured at GMP and WHO-certified manufacturing facilities. The Company has approximately 200+ product ranges and operates PAN India. Servocare Lifesciences believe no patient should be deprived of quality and better healthcare facilities. Our Tablets, Capsules, Tablets, Oral liquids, etc come with quality packaging to avoid breakage and have a long shelf life. This, thus makes us the best company for PCD Pharma Franchise Business in India. Call us now at +91-9872219010 or email at info@servocarelifesciences.in.
Steps to Start PCD Pharma Franchise Business in India
The pharmaceutical market has been growing at an annual growth rate (CAGR) of more than 15 percent over the last five years. The Indian pharma companies manufactured and deliver products at a very low cost in a comparison to other countries.
Drug License – A drug license is a basic necessity while doing business in the pharmaceutical industry. Dealing in any kind of business that involves drugs requires a drug license, as a legal permit granted by the government. It applies to the whole of the country under the Drugs and Cosmetics Act.
Selection of Pharma Company – Do proper research on pharma companies where vacancies are available. Check the background of the company and market value. Ask the respective pharma company to provide you product list, offers, and price list with net rate and MRP. Quality certification of the products like ISO, GMP, and WHO.
Choose the Product Range – Select the products as per the demand of customers and clients. Under the market requirements, it will help a lot in the selection of the products.
Investment – Pharma Franchise business requires low-cost investment but be prepared for every kind of situation. Always have some amount of money as a backup, used it at the time of emergency.
Eligibility Criteria – A graduate requires a minimum of one year of experience as a salesperson from a reputed pharma company. A secondary pass requires a minimum of 3-4 years of experience, whereas a person who has authorization from the department of drug control is also eligible for the pharma business.
Registration required for Pharma Franchise – The pharma franchise company requires legal registration of the company as per the norms of the government. Registration can be done online by filling out the application form along with several documents required.
Documents to start PCD Pharma Franchise Business in India –
- Legal Drug license (Central Drug Standard Control Organization/State Drug Standard Control Organization provides it)
- A copy of the rent agreement of your premises if taken on lease or rent. In case you own it, a copy of the blueprint.
- PAN number from Income Tax department
- Registration copy of a Limited Liability Partnership (LLP) contract with attestation from partners (conditional)
- CST ( Central Sales Tax), TIN (Tax Identification Number), VAT (Value Added Tax), GST
Our Pharma Divisions for PCD Pharma franchise
Apart from Servocare lifesciences, we have 6 Pharma divisions for the Neuropsychiatry range, Ayurvedic herbal range, Derma Range, Ophthalmic range, Cardiac Diabetic Range, and General Range. All the divisions have more than 100 products. All products are WHO & GMP certified. Here below find the list of our pharma divisions for PCD Pharma Franchise
Cosmederma – For Derma Range
Cardivista – For Cardiac Diabetic Range
Somacare – For Neuro-Psychiatry Range
Navayur Herbals – For Ayurvedic Herbal Range
Oregon Healthcare – for General Range
Visionaire – For Ophthalmic Range
Frequently Asked Questions About PCD Pharma Franchise Business
We have summed up some frequently asked questions about the PCD and Pharma Franchise Business in India. Here you can find the simple answer which will help you understand this business in a better way:
What is the difference between PCD and Pharma Franchise?
The major difference between the PCD and Franchise is the size at which both these businesses work. The PCD pharma business works in the smaller unit covering less area as compared to the Pharma Franchise which requires large units and areas. Apart from that, the PCD Pharma needs less investment and has no specific target which is the complete opposite of the Pharma Franchise business as it includes the specified target.
Can I Take PCD / Pharma Franchise from more than one Company?
Yes, one can take PCD Pharma Franchise from more than one company.
What Type of License Do I Need to Start my Own Pharma Company?
Starting a Pharmaceutical company is a good business option. The Pharma Company can work towards specific or all of the sections which are research, manufacturing, trading, distribution, marketing, etc. If you want to start a pharma manufacturing company then you will need a drug manufacturing license from state drug control authorities.
If you want to start a pharma business in marketing, trading, or distributorship then a Wholesale drug license number is necessary. Those who want to open up a pharmacy or a pharma retail shop need to get a retail license number.
How Much Can I Earn in a Month from PCD Pharma Franchise Business?
The earning in PCD Pharma Franchise business depends on you and on the company that is giving you Pharma PCD Franchise. The more products you sell the more profit you will earn.
What Promotional Support does Servocare Lifesciences provide?
Servocare Lifesciences offers the free of cost visual aids and MR Bags with the logo printed on it. Apart from this, here below are the things Servocare offers to its associates:
- Detailed pharma product visual aids
- Chemist Order book
- Products marketing bags
- Visual Profile for Company
- Pharma Company visiting cards
- Pharma Literatures
- Reminder cards for pharma
- List of products
- Calendars, Diaries pens, keychains, and notepads
- Company letterhead
- Company logo stickers
- New product alert through email, WhatsApp messages, and SMS
- Thanking letter for doctors and chemist.
Can I take a Franchise From a Pharma Company in Maharashtra and Start a Business in Other State?
-You can, but make sure to ask your company if they have vacant locations in other states. If your desired region is vacant then you can start your Franchise or PCD business there.
Can I take multiple PCD/ Pharma Franchise on one drug license?
Yes, one can take multiple franchise businesses on one drug license.
Can I apply for Pharma Franchise if I have a D pharma License?
-One can apply with a D pharma License and a stockiest for a Pharma Franchise business.
What is the Difference between PCD Pharma Products and Generic Products?
The difference between PCD Pharma Products and Generic Products are as follow-
PCD Pharma Products – Propaganda cum distribution pharma, is a type of sector in which a pharma company signs a franchise agreement with an individual or group of people to sell and marketing of their products.
The distribution is managed by the stockiest and retail channels. The sales performance depends on the efficiency of the distribution channel.
Generic Products – A generic product is something that is sold on the name of the product i.e. what it is, rather than having a brand name.
Here companies sell generic medicines to retailers directly, using the distribution channel. Sales representatives facilitate in selling the products.
What are GMP and WHO?
GMP stands for Goods Manufacturing Practice. It ensures the quality of manufactured products and covers all the aspects from manufacturing to the packaging of the product as per the quality standards. GMP prevents errors that cannot be eliminated through quality control of the finished product.
WHO stands for World Health Organization. WHO has established the norms for goods manufacturing practice (GMP) to meet the quality standards. The World Health Organization developed GMP as a part of its obligation “to develop, establish and promote international standards for pharmaceutical products”.
Does PCD Pharma Franchise Include Incentive?
Yes, the PCD Pharma Franchise business includes the incentives. If you meet the target given by the company then the incentive is sure.
How to Apply for Drug License?
A drug license is a basic necessity for dealing in any kind of business that involves drugs in it. Under the Drugs and Cosmetic Act, 1940 an authorization is granted by the government.
There are four steps to applying for a drug license.
Documentation – Preparation of all the documents including key plan, site plan, and declaration.
Application filling – Fill out the application online if you are applying online including the payment.
Inspector visit – The inspector will visit your shop to cross-check the information after the grant of license is filed.
Grant of license – The applier will get the drug license in the final stage of this procedure.
Can I take the PCD Pharma Franchise business in Partnership With Company?
Yes, you can take PCD Pharma Franchise from a company in Partnership.
Can Retailers Take PCD Pharma Franchise?
Yes, the retailer can apply for Pharma PCD Franchise using wholesaler drug licenses.
How to choose the best Pharma Franchise Company?
The pharma market has engulfed itself with several Pharma Franchise Companies. There are a few factors that can help you in choosing the best Pharma Franchise company in the industry.
- Company profile
- Legal permits
- Product segment
- Quality assurance
- Monopoly rights
How to get a loan for Pharma Franchise Business?
MUDRA Loan is the best for PCD Pharma Franchise business. Here is how you can apply for MUDRA Loan:
- Shortlist banks which offer favorable loan proposals.
- Send them applications
- Now, wait for the response till the loan is underscan.
- You will get the MUDRA Card which is RuPay Card once your loan is approved.
Documents required for MUDRA Loan:
- Birth Certificate
- Recent photograph
- BIL/RBC application form
- Address proof and identity of the business
- Bank Statement of last 6 to 12 months (as per bank)
- Copy of SC/ST/OBC/Minority certificate (if)
- Business plan with quotations of spending plans.
- Identity Proof i.e. Aadhaar Card/ Driving License/ PAN Card/Passport etc
- Residential proof
What is the minimum qualification to take PCD or Pharma Franchise?
The qualification requirement for the PCD Pharma Franchise business varies from company to company. Mostly, the minimum qualification is 12th, and graduates with experience in the pharmaceutical industry can also apply.
What is a better Generic or branded drug?
The branded drugs are better than generic drugs because branded drugs go through many tests, known as clinical trials, to prove that their drug is safe. The branded drug is only sold by one manufacturer, several companies will usually sell the same generic drug, which leads to competition in the marketplace and lower costs for consumers. Whereas the generic drug typically costs about 80% to 85% less than the same branded drug.
What percentage do I have to pay the Wholesaler/distributor?
Generally, the pharma franchise holder has to pay 10% of the net rate to the wholesaler or distributor. It may vary from company to company.
How much Investment is required in PCD Pharma Franchise Business?
PCD Pharma Franchise doesn’t require much investment. However, the investment varies from company to company. Generally, the pharma franchise can be started with a basic investment of 20-30 thousand.
How Much Profit Can I Earn from Pharma Franchise Business?
The profit in the Pharma Franchise business depends on you. The more products you promote in the market the more profit you can earn. More the sale of medicines will be more profitable. If you thinking about the percentage of earnings that it depends upon which product category you have chosen for sale or which company you have chosen for the franchise. The percentage of earnings is dependent on product-to-product and sale targets. It could be 10%, 15%, or 20% of Total Sales.
Which is more Profitable – starting a Pharma Franchise business or opening a medical Store?
Starting a Pharma Franchise business is much more beneficial than opening up a medical store because the profit margin is much better in the Pharma Franchise business.
Do Pharma Franchise Companies take back Expired Products?
No, pharma Franchise companies do not take back the expired products. The Franchisee holder, should the market requirement and order the products accordingly so that products do not go waste.
What does the Pharma Franchise agreement include?
The Pharma franchise agreement is mainly signed between the Pharma franchise distributors and the Pharma franchise company or the franchiser. This agreement is based on the mutually agreed terms and conditions, which both parties should accept and follow to start the business. These terms and conditions are different from company to company. The agreement is also renewed to continue with the business.
Can Science students get Pharma License to start PCD Pharma Franchise Business?
Yes, a Sciences student can get the license if all the conditions are met.
What types of Packaging do PCD Companies provide?
PCD Companies provides air-tight and leakage-proof packaging to maintain the long life shell of the products. Good quality and attractive packaging help to impress doctors and customers. There are three types of packaging-
- Primary Packaging – Aerosol spray can, bottle, blister packs
- Secondary Packaging – Boxes, cartons
- Tertiary Packaging – Edge protector, container, barrel
Types of the packaging material are provided by PCD companies-
- Glass
- Plastic
- Rubbers
- Paper/ cardboard
- Metals
Is there any Sales Target in the Franchise business?
There are some sales targets in the pharma franchise business that are given by pharma companies. Once you meet the sales target you can earn incentives as well.
Who Can Apply for PCD Franchise?
Pharma professionals with experience in the pharmaceutical industry can apply for PCD Pharma Franchise. Apart from that, doctors, wholesalers, stockiest, MR (Medical Representative), and pharma students can also apply for this business.
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