Six things every Pharma Franchise Professional should know
India is the largest provider of pharmaceutical drugs. Indian pharma industry supplies 50% demand worldwide. Pharmaceutical industry is one of the rapidly growing with consumer, health and hygiene awareness. Pharma franchise is one of the largest growing segments in India. Pharmaceutical business includes Manufacturers, Ethical Marketer, PCD Pharma Franchise Providers, Stockist, CnF, Distributor, Pharmacy etc. Following are the 6 important steps that every Pharma Professional should know:
1.Documents Pharmaceutical Company would require for Pharma Franchise
- Company Registration
- Goods and Services Tax Identification number
- Drug Licence number: For manufacturing, Manufacturing Drug License and for Wholesale, Wholesale Drug Licence
- FSSAI (If dealing in food supplements)
- Trademark not compulsory but a necessity
2.Company Registration and GST Number for Pharma Franchise
You may consult your Charter Accountant regarding company registration process.Its a very easy process provided documentation are complete.
3.How to get the Drug Licence for Pharma Franchise?
It is issued by the Drug Control Authority. Every Licence has a unique number called Drug Licence number which is required if you conduct any task such as selling, purchasing, manufacturing, distributing of drugs etc.
4.Registration of the Brand For Pharma Franchise
Like any other business it is good to first register the brand name in ipindia.nic.in and do the marketing.
5.How much profit in Pharma Franchise?
Depending upon the company you choose the product and area keeping in mind various other factors,profit can range between 8% to 50%.
6.Understanding Price To Retailer (PTR) AND Price To Stockist (PTS)
PTR-Refers to the price of a product offered to a Retailer PTS-Refers to the price of a particular product offered to a Stockist or a Distributor PTR=(MRP-Stockist Margin)/(100+GST)*100 PTS=PTR-Stockist Margin
Curivo healthcare provides you top quality products from WHO-GMP approved plants, timely deliveries with world class logistic partners, good pricing because of own manufacturing plants. Curivo Healthcare provides you with best quality promotional items, gift items and offers. Additionally, to our premium customers we provide e-Marketing support including social media marketing, e-mail marketing, whatsapp marketing and SMS marketing. If you are looking for a good franchise partner then Curivo Healthcare is the answer.