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How to Start Pharma Franchise Company – As you all know that Pharma Franchise Business booming around the world. If you want to start your own business without any pressure then Pharma Franchise Company is one of the best options for you but seriously it’s not an easy task. Before starting your own company there are a lot of things that must be considered. Here we share step-by-step guidance on How to start pharma franchise company at a low investment.

Before telling how to start a pharma franchise company here we discuss pharmaceutical market demand in the world and India. According to survey reports the pharmaceutical market demand to touch the value of $1454.66 billion in 2021 and now is expected to touch $1587.05 billion in 2022 with a 9.1% of CAGR. While we talk about the Indian pharma industry then its stands in the third position by value and fourteen positions in terms of value. Indian Pharmacetucia market also touches the value of 120-130 billion by 2030.

If we see these digits then it’s really good for any industry so if you are ready to invest your time and money in PCD Pharma Franchise then you can easily contact us at 9888463210, 7009140884, or also drop a single mail at surewinhealthcare@gmail.com.

Table of Contents

Step-By-Step Guidance on How to Start Pharma Franchise Company –

First, before starting a company you must need to gather information regarding your business whether it is a PCD pharma company or a Pharma franchise. Below we share a few things that you should keep in mind before starting the Pharma Franchise Business:

1. Market Research –

Before jumping to start your own pharma franchise company first you need to research your product’s demand in the market. While you start searching about your market then there is serval scheme that you will find out. Also, researching will help you to find out customers regarding your product range.

2. Choose Trustworthy Pharma Company –

When you looking for any pharmaceutical company you require the most intention and research because there are a lot of companies to tell that they are one of the best companies but that is not true. And we know that finding any trustworthy pharma company is not easy, according to our opinion Surewin Healthcare is the suitable option and that will support you in your business growth.

3. Drug License –

It’s very basic if you start any pharmaceutical company then you need drug licenses. There are six types of drug licenses such as drug manufacture license, wholesale drug license, retail drug license, import of drugs, loan license, and multi-drug license. Below we share a list of documents that require a drug license.

First, fill out form number 19
A challan for Rs 3,000 has been issued.
On Rs 20 stamp paper, the proprietor’s affidavit.
Copies of education certificate and identity proof of proprietor with Self-attested.
Affidavit of a licensed pharmacist or another qualified individual.
Self-attested copies of a registered pharmacist’s schooling certificate and evidence of identification of a competent individual.
A competent person’s certificate of experience.
A blueprint for a planned building’s layout.
The electricity bill for the planned location.
a photocopy of the refrigerator bill
Either a lease agreement or a document proving ownership of the property.
Letter of introduction
Each of the proprietors, the registered pharmacist, and the competent person has five pictures.

4. Choose the Product Range –

While starting a Pharma Franchise Company you need to build up a list of products that you will sell to your customers. Also, when you create your product list try to choose under the market requirement, it will help a lot in the selection of the products. To make a wise decision you can compare the products price with different companies.

5. Targets for pharma sale –

A good relationship between you and the company is very important for both of you. If the company pressurize you for any target or under any circumstances, impose their requirements on you then it’s not good for your growth and profit.

6. Be clear when it comes to payment arrangements –

If you have a limited budget and need to purchase products on credit, make sure you choose a pharmaceutical firm that is willing to do so. It’s usually a good idea to start a business relationship with an advance payment so that you can stay on the good side of the manufacturer, allowing you to access the supply more frequently and without restrictions.

7. Packaging of the Product

We’ve all heard the saying “first impressions are lasting impressions,” and this is certainly true in the pharmaceutical sector when it comes to product packaging. Good packaging attracts the attention of physicians, patients, and pharmacists, resulting in increased product sales.

8. Registration required for Pharma Franchise –

A pharma franchise firm must be legally registered by government regulations. Online registration is possible by completing the application form and uploading the needed papers.

Experience and Qualification Needed To Get PCD Pharma Franchise Business:-

To work in the pharmaceutical industry and interact with other dealers regularly, you must have prior expertise in the field and be aware of the prerequisites for obtaining a pharma franchise. The criteria for starting a pharmaceutical firm are listed below.

You have at least 2-3 years of experience in selling and marketing pharma products.
There are no minimum or maximum qualifying requirements, however, if you are a graduate or a 12th grader, your fruit will be sweeter.

Documents Required for the Registration:-

Because you are indirectly dealing with people’s lives by supplying them with medications and pharmaceuticals, the pharma industry is highly risky, and you will need to complete certain documentation and registration to conduct business smoothly and transparently. These documents are necessary to become a licensed dealer and get a PCD franchise from a reputable pharmaceutical firm.

Drug License Number: Rs. 5000 which may vary from state to state.
The State Pharmacy Council regulates pharmacists.
Rs. 4500 for a Tax Identification Number (TIN).
If your property is leased or rented, a copy of the lease agreement is required. A copy of the blueprint, if you own it.
PAN number obtained from the IRS.
Limited Liability Partnership (LLP) contract registration document with attestation from partners (conditional).

Conclusion –

A pharma franchise is the best way to earn profit with less risk and investment. Choose Sunwin Healthcare for your business growth and also follow the above mention tips for How to Start Pharma Franchise Company. If you have any quire regarding the PCD Pharma Franchise Business you can contact us any time our team is always for you.

Contact us

Phone – 9888463210, 7009140884

Address – Plot No. 407, HSIIDC, Industrial Area, Phase-1, Panchkula-134113

Mail – surewinhealthcare@gmail.com, info@surewinhealthcare.com

How to Start Pharma Franchise Company