Do you want to start a medical store or medical pharmacy business? And searching for the best pharmacy franchise opportunities? Find here a list of the best pharmacy business opportunities currently available.
The medical industry is growing rapidly in India. Also, this is an evergreen industry. Though you can open a medical store of your own, initiating a franchise is a better option for beginners.
There are numerous brands available in the market for several products. So, for a first-generation entrepreneur, it is highly difficult to create a product line properly. On the other hand, if you start as a franchise partner of an established brand, you don’t need to think much.
Currently, the healthcare industry is doing very well in India. The increasing number of multi-specialty hospitals, polyclinics, corporate wellness programs, and medical tourism is boosting the market too.
Table of Contents
List of 10 Pharmacy Franchise in India
1. Jan Ausadhi Store
Jan Aushadhi Store is an initiative by the Government of India to provide quality generic medicines at affordable prices to the masses. The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Govt. of India started the Jan Aushadhi scheme in 2013. With a focus on accessibility and affordability, Jan Aushadhi Store offers franchise opportunities for individuals looking to contribute to public health while running a socially responsible business.
- Founded in: 2013
- Franchising since: 2013
- Franchise units: 500+
- Minimum Area Required: 120 sq. ft.
- Initial investment: From Rs 3. 5 Lakhs
2. MedPlus
MedPlus is a trusted name in the pharmaceutical retail industry. It is known for its extensive product range, competitive pricing, and customer-centric approach. With over 1,800 stores spread across 12 states and union territories. MedPlus offers franchise opportunities for individuals interested in partnering with a reputable pharmacy brand. Training will be provided free of cost by MedPlus. The franchisee has to undergo a mandatory 30-day training at the nearest MedPlus training facility. During this training, we equip the franchisee with all the needed skills to operate the Pharmacy store.
- Founded in: 2006
- Franchising since: 2015
- Franchise units: 20-50
- Minimum Area Required: 1000 sq. ft
- Initial investment: From Rs 10 Lakhs
3. Sanjivani Pharmacy
Sanjvani Pharmacy is a renowned pharmacy chain known for its quality medications, personalized service, and commitment to community health. The pharmacy brand is backed by NB Marketing Pvt. Ltd. The franchise of Sanjivani Pharmacy will receive many benefits. With a strong presence in various cities and towns, Sanjvani Pharmacy offers franchise opportunities for individuals looking to make a positive impact on public health while running a successful business.
- Founded in: 2006
- Franchising since: 2015
- Franchise units: 20-50
- Minimum Area Required: 1000 sq. ft
- Initial investment: From Rs 10 Lakhs
Read: Best Medical Store Software in India
4. PharmEasy
PharmEasy is a leading online pharmacy and healthcare platform that offers a wide range of medications, healthcare products, and diagnostic services. The company have 250+ stores spread across 30+ cities. With a user-friendly interface and convenient home delivery options, PharmEasy offers franchise opportunities for individuals looking to be part of the digital healthcare revolution.
- Founded in: 2015
- Franchising since: 2022
- Franchise Units: over 200
- Minimum Area Required: 200 sq. ft.
- Initial investment: Rs. 11-12 lakhs
- Founded in: 2015
5. SastaSundar Pharmacy
SastaSundar is a digital pharmacy and healthcare store. The company started in the year 2013 and ever since it started franchising. There are 100-200 franchise outlets all around India. The franchise of SastaSundar is not just for pharmacies. In addition to the pharmacy, there is beauty and healthcare.
- Founded in: 2013
- Franchising since: 2013
- Franchise Units: over 200+
- Minimum Area Required: 200 sq. ft.
- Initial investment: Rs. 1-2 Lakhs
6. Ria Lifesciences Pvt Ltd
Ria Lifesciences Pvt Ltd is the manufacturer, distributor, and supplier of pharmaceutical products. In addition to this, they are also engaged in the exporting and trading of pharmaceutical products. The company came into existence in the year 2013. It was in the same year their franchise started. Ria Lifesciences has around 50-100 outlets all around India. Their products are exported to Kenya and the UK.
- Founded in: 2013
- Franchising since: 2013
- Franchise Units: over 100+
- Minimum Area Required: 200 sq. ft.
- Initial investment: Rs. 10-20 Lakhs
7. Affordable Medicine Store
Affordable Medicine Store is a chain of generic medicines stores. The company deals in essential medicines, and health & beauty care products. Here, over-the-counter products are sold with a minimum of 50% to 80% discount. Top OTC products are sold at a 10% discount. They started operating in the year 2015. In the year 2015 only, their franchise began. The company promises to provide a huge ROI. Huge opportunities for entrepreneurship are available under this brand.
- Founded in: 2015
- Franchising since: 2015
- Franchise Units: over 100+
- Minimum Area Required: 100 sq. ft.
- Initial investment: Rs. 2-5 Lakhs
8. Care Pharmacy
Care Pharmacy is a well-established pharmacy chain in Gujarat known for its focus on patient care, quality medications, and professional services. The company started its business operations in the year 2017. They started appointing franchise partners in the year 2018. The company is one of Gujarat’s biggest franchise store chains at present. It sells medicines from various reputed companies. With a presence in key cities and towns across India, Care Pharmacy offers franchise opportunities for individuals committed to providing personalized healthcare solutions to their communities.
- Founded in: 2017
- Franchising since: 2018
- Franchise units: 50+
- Minimum Area Required: 200 sq. ft.
- Initial investment: From Rs 5 Lakhs
9. Living Healthy 24
Living Healthy 24 is an integrated healthcare solution & service provider. The company is owned by Kolkata-based Culmination Healthcare Private Limited and started appointing franchises in Howrah and the entire West Bengal in mid-2020. They already have 25 franchisees onboard with us in Kolkata apart from our stores.
- Founded in: 2015
- Franchising since: 2020
- Franchise units: Less than 10
- Minimum Area Required: 200 sq. ft
- Initial investment: From Rs 13 Lakhs
10. Medlife Pharmacy
Medlife is one of the largest online pharmacies and service providers in India. The company, Medlife International Pvt. Ltd. started in Bengaluru in the year 2014 by Mr. Tushar Kumar and Mr. Prashant Singh It started franchising/ distribution in 2017. Medlife is a healthcare company. It is also a prominent online pharmacy platform that offers a wide range of medicines, healthcare products, and diagnostic services to customers across India. Medlife offers franchise opportunities for individuals looking to venture into the rapidly growing e-commerce healthcare market.
- Founded in: 2014
- Franchising since: 2017
- Franchise units: More than 800+
- Minimum Area Required: 200 sq. ft
- Initial investment: Rs. 1 – 3 Lakhs
Frequently Asked Questions
What are the eligibility criteria for obtaining a pharmacy franchise in India?
Eligibility criteria may vary depending on the franchise provider. Generally, individuals with a valid pharmacy license and necessary business documentation are eligible to apply for a pharmacy franchise.
How much investment is required to start a pharmacy franchise in India?
The investment required can vary widely depending on factors such as the brand, location, size of the store, and initial inventory. Typically, investments range from a few lakhs to several lakhs of rupees.
What support does the franchisor provide to franchisees?
Franchisors typically provide support in areas such as site selection, store setup, training, marketing, and ongoing operational assistance. Some franchisors may also offer assistance with obtaining licenses and permits.
Can I operate a pharmacy franchise from my home?
Generally, pharmacy franchises require a physical storefront to operate. However, some online pharmacy franchises may offer the option to operate from home with proper infrastructure and regulatory compliance.
What are the regulations and licenses required to operate a pharmacy franchise in India?
To operate a pharmacy franchise in India, you need to comply with regulations set by the Drugs and Cosmetics Act, of 1940, and obtain licenses such as a drug license, GST registration, and any other local permits required.
How do I choose the right pharmacy franchise for me?
Consider factors such as brand reputation, support provided by the franchisor, investment required, location availability, and your interests and skills before choosing a pharmacy franchise.
How long does it take to break even and start making profits with a pharmacy franchise?
The time it takes to break even and start making profits can vary depending on factors such as location, market demand, competition, and operational efficiency. On average, it may take anywhere from 1 to 3 years.
Can I sell both prescription and over-the-counter medications in my pharmacy franchise?
Yes, most pharmacy franchises allow the sale of both prescription and over-the-counter medications, subject to compliance with legal and regulatory requirements.
Is training provided to franchisees and their staff?
Yes, franchisors typically provide training programs for franchisees and their staff covering areas such as product knowledge, customer service, inventory management, and regulatory compliance.
Are there any ongoing fees or royalties associated with owning a pharmacy franchise?
Yes, many pharmacy franchises require franchisees to pay ongoing fees or royalties, which may include monthly or annual fees based on sales revenue or a fixed amount. It’s essential to understand these financial obligations before entering into a franchise agreement.
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