How to start PCD Pharma franchise

How to Get a PCD Pharma Franchise?- If you’re interested in starting a PCD (Propaganda Cum Distribution) pharma franchise, you’re in the right place. A PCD pharma franchise allows individuals to establish a successful pharmaceutical distribution network while leveraging the reputation and products of an established pharmaceutical company. Today, we will discuss the steps How to get a PCD pharma franchise. We will provide you the deep knowledge about the PCD franchise and provide you the all information that can help you to launch your business smoothly. 

How can you start your own Pharma franchise Business?

Anyone can start his Own manufacturing Pharma franchise in India but it needs a high, profound knowledge of medicines, rich experience in the pharmaceutical sector and a hefty amount of capital. Also, he has to and gets many certifications and licenses from the concerned authorities.

But, if you start a Pharma franchise business, then the story is different. It is the easiest and profitable type of business in Pharma.

 

Qualification and Experience needed for pharma franchise

PCD companies usually does not ask for any qualifications but some may ask for a minimum SSC or 12th from a recognized board. It is best if you have minimum 3 to 4 years of experience in sales and marketing of pharma products in How To Start PCD Pharma Franchise.

 

Investment Required to Start PCD Pharma Franchise Business in India 

PCD Franchise business is particularly famous for its low investment requirements and profitable returns. The minimum requirement for starting a PCD franchise usually varies from company to company. You can start with merely INR 10,000 and take your investments as far as 3 to 4 lakhs. PCD is a low-scale pharma franchise that can be started with a smaller stock of medicines and drugs. You can easily start your PCD franchise business and get into a partnership with a suitable PCD Pharma Company. However, it is advised to keep a budget of INR 1lakh for the initial first year to manage the finances until your business takes off. 

 

Documents required for PCD Pharma Franchise Business

To start a PCD (Propaganda cum Distribution) pharma franchise business, there are several important documents that you need to have in place. These documents ensure compliance with legal requirements and facilitate the smooth operation of your business. 

Pharmaceutical License

This license is necessary to trade pharmaceutical products in the market. The cost of the license varies from state to state.

Income Tax Registration (ITR)

Income Tax Registration is a must for any company. It helps with tax deductions according to your firm’s financials. Filing ITR is beneficial for the company, and it should not be skipped.

Goods and Service Tax (GST)

GST is a tax system that replaces other taxes related to the company. It is based on eliminating tax on tax. Every company must obtain a GST number.

Partnership Deed (in case of a partnership)

If your company is a partnership, a partnership deed is required. This document clarifies the terms and conditions of the partnership and helps avoid confusion. The cost of a partnership deed varies by state.

Pharmaceutical Trademark

A company must purchase a valid and legal trademark for all its products. This trademark is obtained through a government-related process. The cost of a trademark depends on the state.

 

Steps involved in starting your own Pharma Franchise business::

  • Search and find a good profitable Pharma Franchise business.
  • Make a little research about the Pharma Franchise business.
  • Check history, products & services, distribution network, existing franchise partners.
  • Fix a meeting and show your interest to become their franchise partner.
  • Discuss all terms & conditions of a Pharma franchise partnership
  • Ask for franchise disclosure document (FDD) (If there is any FDD of the company)
  • Hire a good contract lawyer and discuss all term & conditions of FDD with him
  • Take your time in reading, understanding the FDD and submit after clearing all your doubts.
  • Make a payment of franchise fees per the contract.