In this article, investors will learn about Best Pharma Franchise in India to help them choose wisely.
The Indian pharmaceutical industry has a good standing in the international market.
Most developed economies, such as the United Kingdom, the United States, and other European and Asian countries, have eyes on India’s affordable and effective medical products.
Some of the best medical store franchises in India are also constructing a fair chance to generate great returns on investment.
Being an ever-demanding and ever-rising industry, pharmacy franchises could be an appropriate fit for risk-averse investors.
If you are also looking for the Top Pharmacy franchise you can own and successfully run in your city or town, here is a list of potentially great investments.
Best Pharm Franchise in India – List of Top 10 Pharmacy Franchise Business Opportunity
Here is a list of Best Pharmacy Franchise in India
|Si. No.||Best Pharmacy Franchise|
|2||Dava Discount Franchise|
|3||Frank Ross Franchise|
|5||Sanjog Pharmacy Franchise|
|7||Generic Aadhaar Franchise|
|8||A2Z Medicals Franchise|
|9||Wellness Forever Franchise|
|10||Sanjivani Pharmacy Franchise|
Today, almost every senior citizen is dependent on medicines for blood pressure, thyroid, diabetes, and other severe health issues.
They cannot miss out on a dose of their medication since it can be harmful to their health. This is making a common man a regular customer of a pharmacy.
Therefore, having the Best Pharmacy Franchise in India is always a profitable business proposal. Pharmacy franchisees earn good returns as medicines have a high margin.
Over the last few years, rising healthcare awareness has boosted India’s pharma industry. As techniques and approaches advance, pharmacy is also unfolding new dimensions of growth.
Simply put, rather than remaining a general medical store or medicine supplier, some pharmaceutical brands are growing with the title of “best medical store franchise.”
As you can see in the list, these are some of the most profitable pharma brands, growing famous for their giant distribution network with a unique USP.
If we take a look at the Top pharma franchise business models, they simply vary. Most brands are more tech-centric and experiencing an exponential jump in their business with internet-powered techniques.
On the other hand, some brands are building strong footprints in the real world with franchise outlets built on a giant network. Upon acquiring a franchise, you can also make solid returns on investments.
Pharmeasy Franchise – Best Pharma Franchise
It won’t be wrong to call Pharmeasy the best pharma franchise in India. Set up in 2015, Pharmeasy created an identity for itself by becoming a leading e-commerce store for pharmaceutical supplies.
With a well-established business plan, the brand has emerged as a top choice for people and patients.
In other words, we can say that Pharmeasy is the face of modernized healthcare in India. The online portal of the e-commerce giant in the healthcare sector incorporates multiple medical supplies, ranging from cosmetic products and medicines to related equipment.
Besides direct-2-customer products, the brand even simplifies lab testing and surgeries for patients. As part of its business model, pharmeasy links patients to nearby pharmeasy stores and franchise outlets.
It provides a significant opportunity for medical and non-medical experts to flourish with the company. Simply put, you can also acquire a Pharmeasy franchise for infrastructure investment of Rs 2 lakh to Rs 5 lakh.
The dealing conditions even require a 100 – 300 sq feet space arrangement. You can either rent a space or use private property.
The distribution network of a pharmaceutical brand already has 20 or more outlets, and the figures are gradually rising.
As usual, the pharma sector is the most profitable; as a result, the Pharmeasy franchisee partner can keep 92% of the revenue.
Dava Discount Franchise – Best Medical Store Franchise
Dava Discount is the fastest-growing pharmacy brand, well known for its business model that’s adapting to India’s healthcare market.
The company envisions making every branded medical product available to customers at a discounted price.
On the list of the top 10 pharmacy franchise brands, “Dava Discount” can prove to be a potentially great investment opportunity for Indian investors looking for a franchise aimed to shine in the Indian market.
With a presence in over 30 cities and a track record of 120 plus successful franchise outlets, Dava Discount has already proven its well-built reputation in the industry.
The growth story of the pharmaceutical industry is well-known to all of us. With this in mind, you can enter straight into the Dava Discount franchise program, which is scaling with solid plans to build a presence across India.
The company allows you to own a franchise store in your city for an investment of Rs 10 lakh to Rs 13 lakh.
However, a unit or shop area of at least 150 to 300 square feet will be required. And Dava discount doesn’t charge any Royalty.
Dava Discount promises a guaranteed income of Rs 1 lakh from the first 3 month. But the potential figures are bigger than that.
The only thing to remember is the location, which must be precisely selected.
Frank Ross Franchise – Best Pharmacy Franchise
Frank Ross Pharmacy is the most prominent name in the pharmaceutical industry. Founded in 1906, the company has a long history of scaling as a small brand and converting into a big corporation.
However, it could be even bigger if the company hadn’t commenced its franchise programme late in 2000.
As a result, Frank Ross has only 200+ franchise outlets in its network. Still, it proudly shines its name as the top pharma franchise brand of 2023. Headquartered in Kolkata, Frank Ross’ business model also operates in the retail sector.
The company is a popular supplier of pharmacy, OTC medicines, Ayurvedic and herbal medicines, personal care products, baby care products, health and food drinks, etc.
Along with this, Frank Ross provides customers with the facility to either order directly from the online store with a prescription or navigate through its online portal to find the product.
As a franchisee partner of Frank Ross, you will make the customer’s desired product readily accessible from the nearest locations.
Simply open a Frank Ross outlet in your city. Initially, it will take an undisclosed investment amount to effectively roll out your first shop under the name of Frank Ross.
Apart from that, training and other needed facilities will be arranged by the Frank Ross brand. You simply need enthusiasm and a committed spirit to get started.
1MG Franchise – Best Pharma Franchise in India
Becoming a health partner of the 1MG brand might expose you to some significant perks. The biggest one is the brand’s strongest foundation, having back in India and globally famous TATA.
1Mg is powered by the TATA Company, giving tough competition to most e-commerce brands in the medical territory.
There’s almost no medical need that can’t be fulfilled by the 1Mg product and service gallery. The growth trajectory of the 1Mg is also exclusively propelled by the Internet.
With a strong online presence, 1Mg even sells health insurance and medical services that are much cherished by people in this industry.
As the best chemist franchise business in India, 1Mg could be a promising alternative for every franchisee partner interested in the company.
Compared to other brands, the best thing is that they only need Rs 2 lakhs–Rs 5 lakhs for infrastructure investment.
However, an arrangement of units or a shop area of 200–500 square feet is a condition that must also be followed in the 1Mg business model.
The company’s head office sits in Gurgaon, with 50+ franchise outlets. The franchisor retains only 8% of the revenue, and the franchisee will keep 95% of the total revenue from the franchise business.
Sanjog Pharmacy Franchise – Best Medical Store Franchise in India
The growth trajectory of Sanjog Pharmacy is also well visible. Founded in 2020, the company is emerging as a promising name to most investors with sparkling eyes and big hopes set for the pharmaceutical sector.
Sanjog Pharmacy’s business line operates entirely in the retail sector with mainstream medicine supplies, including allopathy, surgery, ayurveda, generic ethical medicine, and FMCG products.
There’s a great reason for starting a franchise of Sanjog Pharmacy because the company even partners with herbal products from the famous Dabur brand and has the backing of Aishwarya Pharma, a famous brand in the medical line.
This pharma franchise business in India is available for Rs 3 lakh (charged for franchise fees). But an additional requirement of Rs 12 lakh to Rs 15 lakh in investment amount needs to be noted.
The area required to roll out a franchise in the city is 200 square feet or more. You can rent a space or buy a new property if your budget allows.
The best thing is that 100% of the total revenue from the franchise outlet will be for the franchisee partner; the brand might charge a special commission only.
Apart from that, certain conditions must be fulfilled by the franchise partners—medical licensing and well-mannered staff are common among them.
Medzone Franchise – Best Pharmacy Franchise in India
Among the top 10 chemist franchises of 2023, Medzone’s business is all about skincare products.
Starting in 2000, the company became a popular name in the pharmaceutical sector for its mind-blowing range of cosmetic products.
From everyday routine skin care products to certain medicines, gels, and applications under prescription, the Medzone product catalog includes a substantial range of skin-related cosmetics and medical supplies.
Aside from MedZone, SweatZone, and NaturalZone, the company sells its products under a few other brands. The pharmacy company’s business models operate online and offline through an integrated system.
For the smooth running of the franchise business, franchisee outlets play a special role. And these outlets are owned by no one other than people or investors like you. You can also open a MedZone franchise by paying a Rs 80,000 franchise fee.
Rs 5 lakhs to Rs 20 lakhs may be required for business infrastructure and overall setup. Training and necessary advisories will be issued by MedZone to its franchise partners.
The company’s head office is in Chennai, but it already has more than 50 franchise outlets running across the nation.
95% of the total revenue generated from the franchise outlet will go into the franchisee’s pocket. The franchisor will keep only 5% of the revenue.
Generic Aadhaar Franchise – Best Chemist Franchise in India
In the list of pharma franchise businesses, Generic Aadhaar has remained the most popular brand in the pharmaceutical industry.
The company was founded in 2015 by a 16-year-old who has been regarded as the country’s youngest entrepreneur.
For all these reasons, Generic Aadhaar has grown to over 50 franchise outlets in a short period.
The company was started with a vision of cutting down the cost of most medical supplies and making them readily accessible to everyone at a very discounted price. As a result, the pharmacy company is expanding in popularity nationwide.
People are demanding that Generic Aadhaar come to their city and make medical supplies accessible at relatively cheaper prices.
However, the brand currently has only 1000+ products, but with this, it has managed to build its presence across 150+ cities in the nation.
Generic Aadhaar is operating via a B2B and B2C model. You can also purchase a generic Aadhaar franchise for Rs 1.25 lakh. An infrastructure investment of Rs 7.5-20 lakhs would also be required.
The program gives the franchisee the right to retain 92% of the revenue, while the franchisor keeps only 8% of revenue from the Generic Aadhaar franchise business.
A2Z Medicals Franchise – Top Pharma Franchise
You can use A2Z Medicals for the pharmacy franchise business comparison because the company is offering an affordable franchise program even though A2Z is already popular and working on a giant scale.
With over 52 franchise outlets in the distribution network, A2Z Medicals has been building one of the most successful chains of medical and surgical supplies.
But that’s not the only business model for A2Z Medicals. In addition to medical and surgical supplies, A2Z Medical supports other local healthcare brands with monopoly rights, equity ownership, autonomy, and management of their businesses.
The company assists small pharmacies in establishing a solid business ecosystem in their city. From documentation assistance to medical equipment to online marketing support, A2Z Medical’s business model includes all three.
The Hyderabad-based firm envisions that the pharmaceutical business is easy to start for everyone.
For a franchisee fee of Rs 2 lakh–Rs 5 lakh, you can also obtain an A2Z Medical franchise. However, an additional Rs 5 lakh to Rs 10 lakh would be required for infrastructure.
No doubt, the investment amount is relatively high, but it’s worth every penny because the franchise retains 100% of the total revenue from the business.
Wellness Forever Franchise – Top Medical Store Franchise in India
Wellness Forever’s business model operates in both the cosmetics and FMCG sectors.
The brand has been continuously scaling in the nation’s pharmaceutical market with a well-established e-commerce store based on its best chemist franchise in India.
People can buy medicines directly from the Wellness Forever online store, and the range of medical and cosmetic supplies is also remarkable.
Wellness Forever sells mom and baby care products, personal care products, health and fitness products, food and beverages, self-medication, pet supplies, and other items that serve a purpose for the health and wellness of society.
And the best thing is that anybody with a basic license can obtain a Wellness Forever franchise. But the investment amount is relatively high compared to other brands on the list.
The brand asks Rs 40 lakhs – Rs 50 lakhs for infrastructure investment. A franchisee partner must invest a franchisee fee of Rs 5–10 lakhs before starting.
The franchisor keeps only 10% of the revenue generated from the business, while the franchisee keeps 90% of it.
A shop or unit area of 800 square feet to 1500 square feet is equally important to get started as a Wellness Forever franchisee.
Sanjivani Pharmacy Franchise – Top 10 Pharmacy Franchise in India
Among the top pharma franchises in India, Sanjivani Pharmacy could be a good selection from an investment perspective.
Started in 2006, the Delhi-based chemist has evolved into the most trusted name in the pharmaceutical retailing business.
Under its business model, the company sells daily-used products, OTC products, Ayurvedic products, homeopathic products (optional), allopathic medicines, and surgical goods.
So far, the brand has already engaged over 10 franchise outlets in its network. You can also acquire Sanjivani Pharmacy for a franchise fee of Rs 3.5 lakh.
The infrastructure and setup would also cost between Rs 12 lakh to Rs 15 lakh. And since the brand sells only general medical supplies, daily-used medicines, and related products, you can own a unit or shop area in society or a public colony too.
A shop or unit area of 200–400 square feet is enough to get started. If we talk about revenue, the franchisee will keep 90% of the business, while the franchisor retains only 10% of it.
However, licensing and some basic documentation will be needed, but you will be actively assisted on this by the brand.
If you are inexperienced in the medical field, you can hire staff and roll out Sanjivani Pharmacy in your town.
The above mentioned brands are the fastest growing chemist franchise in India.
Below, we have mentioned few more extremely popular brands, they are also providing franchisee but at very high cost & at very specific locations.
Medlife – Top 10 Pharma Franchise in India
Medlife is a Bengaluru-based pharmacy chain founded by Prashant Singh and Tushar Kumar in 2014. It holds the third rank among the Top 10 Pharmacy Franchise in India.
The pharmacy has more than ten outlets in different parts of the nation. Its one-time franchise fee for five years is around ₹ 1 Lac and the infrastructural investment involved is ₹ 1.5 Lacs to 2 Lacs.
This franchisor claims only 2% of the total revenue earned by a franchisee. Investors should own or rent an area of 120 to 200 sq. ft. to open this pharmacy.
They need to hire 2 to 3 employees and build a billing area and a product display area within the outlet. A Medlife outlet should have AC, CCTV, and computers connected to the internet.
Florence Pharmacy – Best Pharmacy Franchise to Invest
Founded by GirishVaish and Manoj K. Jain, Florence Pharmacy has been one of the Best Pharmacy Franchise to Invest in since 2006.
It has more than seven outlets across the nation, and investors can get the franchise for five years. The pharmacy’s infrastructural investment will be between ₹ 6 Lacs and 8 Lacs.
An outlet of this pharmacy should be of size 350 to 400 sq. ft. Inside the pharmacy, AC, CCTV, computers, internet facilities, a billing desk, and a product display section should be present.
The franchisee needs to hire 2 to 5 experienced staff members to run the business. Additionally, he should pay a 5% commission to the franchisor.
MedPlus Pharmacy – Top Pharmacy Franchise to Invest
A Hyderabad-based entrepreneur founded MedPlus Pharmacy in 2006, and today, it is counted among the Top Pharmacy Franchise to Invest in.
The pharmacy runs over 50 franchise outlets in India, and investors can get a franchise for five years in exchange for a one-time fee.
They will have to invest ₹ 10 Lacs to 20 Lacs to set up the store and its business.
The pharmacy can be built within 300 sq. ft. unit area and it should mandatorily have a product display area and a billing section. AC and CCTV should be installed within the outlet.
It should have computers with an internet connection. 2 to 3 employees are required to run the store. The franchisee should pay a commission of 10% to the pharmacy brand owner.
Medkart Pharmacy – Top 10 Pharmacy Franchise to Invest
The sixth name among the Top 10 Pharmacy Franchise to Invest in is Medkart Pharmacy.
It was started by Ankur Agarwal seven years ago and today, reached to over 50 outlets nationwide. The franchisor offers a lifetime franchise for a one-time fee of ₹ 1 Lac.
He also levies a commission of 5% on the franchisees. The latter should invest ₹ 10 Lacs to 20 Lacs to set up the pharmacy’s infrastructure.
The store size can be between 200 and 350 sq. ft. It should have a product display area and at least one billing counter.
AC, CCTV, and computers with internet connectivity should be present within the franchise outlets. Franchisees need 2 to 5 efficient staff members to handle the business smoothly.
GenMart – Best Pharmacy Franchise to buy
Counted among the Best Pharmacy Franchise in buy, GenMart is a project of Mumbai-based business owner Rajeev Thakkar. It has managed to open over ten franchise outlets within a short time of 4 years.
The one-time franchise fee for four years is ₹ 5 Lacs, and the infrastructural investment involved is ₹ 20 Lacs to 30 Lacs. A GenMart outlet should be 200 to 250 sq. ft. in size and have 1 or 2 employees.
It should be air-conditioned and have CCTV and internet facilities. Other requirements include a billing counter and a product display area.
The franchisor takes 8% of the revenue earned by the franchisees.
3Meds – Top Pharmacy Franchise to buy
3Meds is the latest entry in the list of the Top Pharmacy Franchise to buy. Nitin Singla founded the pharmacy brand in 2020, and it has over five franchise outlets nationwide.
The one-time franchise fee is ₹ 1 Lac and investors can get the franchise for five years. They will have to spend ₹ 7.5 Lacs to 20 Lacs in the outlet’s infrastructure.
This pharmacy should have a billing counter and a product display area. All these will fit within 100 to 120 sq. ft.
One to two employees are needed to run the pharmacy. It should have AC units, CCTV set-up, and a computer with an internet connection.
The franchisee will have to share 5% of his revenue with the franchisor.
Alleviate Therapeutics – Top 10 Pharmacy Franchise to buy
Alleviate Therapeutics is a Kolkata-based pharmacy chain founded by Suman Ranjan Dasgupta in 2012.
It has made a place in the list of the Top 10 Pharmacy Franchise to buy with its 40 franchise outlets across the nation.
Investors can get this pharmacy franchise for a lifetime, and they need to invest ₹ 2 Lacs to 5 Lacs to set up the outlet.
The pharmacy should have a separate product display area and a billing counter. It should be air-conditioned, monitored by CCTV, and have internet connectivity.
The store size should be 250 to 400 sq. ft. having 2 to 3 staff members. A franchisee needs to share 10% of his revenue with the franchisor.
Lupin Pharma – Best Pharma Franchise
LupinPharma is one of the oldest pharmacy brands in India. It is the Best Pharmacy Franchise founded by Desh Bandhu Gupta in 1968.
The pharmacy has over 50 outlets across the nation, and investors need to pay a one-time fee to get the franchise for seven years. It attracts an infrastructural investment of ₹ 20 Lacs to 50 Lacs.
Franchisees can set up the pharmacy within 500 sq. ft. They should build a product display section and a billing desk within the outlet.
Besides, AC, CCTV, computers, and internet facilities are mandatory. 2 to 3 employees are needed to operate the business of the pharmacy.
The franchisor allows each franchisee to retain 90% of its total revenue.
Best Pharma Franchise – Conclusion
You should review these best pharma franchises again if you are still struggling to make a good choice. You can start a pharma franchise with an investment of just Rs 2 lakh to Rs 5 lakh.
However, some brands ask for a big investment while offering great facilities and branding benefits. So decide as per your own opinion or budgetary considerations.
Remember that the pharmacy sector is regulated, and licensing and documentation would be requisites for some medical supplies.
Fortunately, pharmacy brands will advise you on these minor but important details.
FAQs on Best Medicine Store Franchise in India
Check out some of the Best Chemist Franchise Business.
What is a Pharma Franchise?
Pharma franchise refers to a business model in which a pharmaceutical franchisor (the brand) offers exclusive marketing and sales rights to someone interested in the brand and its products.
The person who owns the “franchise” acquires the right to sell the franchisor’s item against a certain investment amount and is called the “franchisee.”
Which is the most successful chemist franchise?
The three most successful chemist franchises are 1 mg, Pharmeasy, and Dava Discount.
With a solid online presence and well-defined business models, these brands offer attractive return-making opportunities to franchisees.
How do I start my pharma franchise?
The pharmaceutical industry is one of the most successful, yet it comes under strict rules and regulations.
That’s why you must comply with certain rules and regulations; licensing any legit medical line can be equally requisite.
Pharma and chemist franchises: Are they profitable?
Medicines and related products sold in the pharma sector have a 50%–70% profit margin.
As a result, each pharma and chemist franchise has the potential to become the most profitable business. Still, it’s worthwhile to make a wise selection before proceeding.
What is the monthly income in the medical store franchise business?
The monthly income from a pharmacy franchise business can range from Rs 1 lakh to Rs 3 lakh.
Still, there are some determining factors, such as location, medicine supplies, and franchise margin, which significantly impact income.
Which is the most profitable chemist’s franchise?
The most profitable chemist franchises belong to 1 mg, Pharmeasy, Medzone, Dava Discount, and Generic Aadhaar.
Not only do these brands offer attractive revenue sharing to franchisees, but they are also very popular with giant business networks.
Which franchise is best for pharma?
Franchises that offer attractive revenue sharing while also offering a great support facility are the best for pharma franchisees.
Pharmaceutical franchisees are subjected to special terms and licensing compared to all other sectors.
How much investment is required to start a pharmacy franchise?
It’s unclear how much investment will be required to start a pharmacy franchise, as the franchisor can summarise the topic well.
Still, the business model can invite an investment of between Rs 2 lakhs and Rs 15 lakhs.
Which chemist franchise is the cheapest in India?
Pharmeasy and TATA 1Mg are offering one of the cheapest franchises in India. Any eligible person can obtain a franchise from these brands for a small franchise fee.
Apart from that, Rs 2 lakhs–Rs 5 lakhs will go into investments in infrastructure and overall set-up.
Which is the fastest-growing pharmaceutical franchise?
The fastest-growing pharma franchise is Sanjog Pharmacy. Started in 2020, Sanjog Pharmacy witnessed a striking jump in its business growth during the pandemic and has become one of the fastest-growing pharma franchises in India.
|Best Franchise Business|