Want to start the PCD Pharma Franchise business? The pharma sector offers tremendous opportunities for new and experienced entrepreneurs to earn high profits. The demand for healthcare products is rising tremendously. This leads to an increase in the sales of pharma products. However, before entering this sector, let’s discuss the Documents and Investment Required for starting a Pharma Franchise.
The Indian pharma sector is one of the fastest-growing sectors globally. The profits in pharma sales are rising day by day. Many pharma companies are offering PCD (Propaganda-Cum-Distribution) pharma franchise. This model allows distributors to market and sell pharma products in a designated area under the name of a particular pharmaceutical company. All exclusive advantages are offered by pharmaceutical companies to the franchise associates. This blog contains all the necessary information regarding Documents and Investment Required for starting a Pharma Franchise. Each topic is covered separately for a proper understanding.
Documents Required for Starting a PCD Pharma Franchise
Before starting a PCD Pharma Franchise, one must know all the necessary documents to run the business smoothly. Let’s have a look at all the necessary Documents Required for starting a PCD Pharma Franchise.
Drug License
The first and one of the essential documents required for a PCD Pharma Franchise is a drug license. This license certifies that you have the right to market, sell, and distribute pharma products in the targeted area. It is issued under the Indian Drugs and Cosmetics Act of 1940. Drug License is available in two categories:
- Retail Drug License (RDL): This is required to run a pharmacy or chemist shop.
- Wholesale Drug License (WDL): This license is required for wholesale distribution.
Goods and Service Tax Registration
Second, GST registration is essential for all suppliers across the nation. This enables one to collect the tak properly for every good one sold. It is required for the smooth working of the business.
Trademark Registration
Trademark Registration is essential to protect the PCD Pharma Franchise brand, logo, and other marks. Also, it increases the credibility in the market among pharma professionals.
Agreement Documentation
A legal document is essential to govern the relationship between the franchisee and the franchisor. This document outlines the rights and obligations of both parties, details the costs of products and services, and specifies sales promotion and advertising measures, as well as the franchise duration. It is advisable to have this document reviewed by a legal professional to ensure that its content is clear and compliant with the law.
DPCO (Compliance with Drug Price Control Order)
In India, the Drug Price Control Order (DPCO) regulates the prices of certain strategically important medicines. Franchisees must comply with DPCO guidelines to avoid legal issues and penalties. Compliance includes adhering to the Maximum Retail Price (MRP) regulated by the National Pharmaceutical Pricing Authority (NPPA) for controlled drugs.
Insurance
Any PCD pharma franchise starts with being insured. Insurance runs as protection in case the business has sudden damages or losses. It is of prime importance in the PCD business or any kind of investment where you invest your earnestly earned money.
Product Catalogue
For neurons to sell and distribute medicines in the pharma business, they have to have an exhaustive list of all products placed at their disposal. Such a list is called a catalogue. It would have to include the product’s name, its composition, packaging details, and the prices. An organised and detailed catalogue helps the customer know more about your product, increasing the chances of the customer buying from you.
Read More: Fastest-Growing Pharma Segments in India
Investment Required for Starting a PCD Pharma Franchise
In every enterprise, investment is essential. Investment is the ability of a pharma firm to maintain a steady cash flow. Different companies have varied investment needs. You can begin investing with as little as Rs. 10,000 or as much as Rs. 3 to 4 lakh.
Furthermore, each segment requires a specific amount to invest. In the table below, we have listed a complete breakdown of the total investment for each segment.
| Segment | Initial Investment (INR) | Stock Purchase (First Order) | Marketing & Promotion | Total Approx. Investment |
| General Allopathic | ₹15,000 – ₹25,000 | ₹30,000 – ₹50,000 | ₹10,000 – ₹20,000 | ₹55,000 – ₹95,000 |
| Gynae Range | ₹20,000 – ₹30,000 | ₹40,000 – ₹70,000 | ₹15,000 – ₹25,000 | ₹75,000 – ₹1,25,000 |
| Pediatric Range | ₹20,000 – ₹30,000 | ₹35,000 – ₹60,000 | ₹10,000 – ₹20,000 | ₹65,000 – ₹1,10,000 |
| Derma Range | ₹25,000 – ₹40,000 | ₹50,000 – ₹80,000 | ₹20,000 – ₹30,000 | ₹95,000 – ₹1,50,000 |
| Cardiac & Diabetic | ₹30,000 – ₹40,000 | ₹50,000 – ₹1,00,000 | ₹25,000 – ₹40,000 | ₹1,05,000 – ₹1,80,000 |
| Neuro/Psychiatric Range | ₹35,000 – ₹50,000 | ₹60,000 – ₹1,00,000 | ₹30,000 – ₹50,000 | ₹1,25,000 – ₹2,00,000 |
| Ayurvedic / Herbal | ₹10,000 – ₹20,000 | ₹20,000 – ₹40,000 | ₹8,000 – ₹15,000 | ₹38,000 – ₹75,000 |
| Nutraceuticals & Supplements | ₹15,000 – ₹25,000 | ₹30,000 – ₹60,000 | ₹10,000 – ₹20,000 | ₹55,000 – ₹1,05,000 |
| Veterinary Range | ₹10,000 – ₹20,000 | ₹25,000 – ₹50,000 | ₹5,000 – ₹10,000 | ₹40,000 – ₹80,000 |
| Injectables / Critical Care | ₹50,000 – ₹75,000 | ₹75,000 – ₹1,50,000 | ₹30,000 – ₹50,000 | ₹1,55,000 – ₹2,75,000 |
PCD (Propaganda Cum Distribution) operates like a smaller segment of the broader pharmaceutical industry, where you market a limited selection of medicines and therapies. This model enables numerous firms throughout India to deliver quality services without facing excessive costs. Nonetheless, it is recommended to have a minimum of Rs. 1 lakh saved for initial expenses when starting.
Contact us
Mobile Number: +919371300000
Mail ID: NOVALABLIFECARE@GMAIL.COM
Address: Plot No. 208, Industrial Area Phase 1, Panchkula, Haryana 134113
