India’s pharmacy industry is growing manifolds and today, investing in the Pharmacy business is a great.
Pharmacy Store franchise is a convenience store where one can easily get medications, toiletry items, cosmetics, first-aid supplies, and patent medications.
The entrepreneurs can easily open an online pharmacy franchise; the franchisee works on a flexible schedule letting entrepreneurs save huge money.
Some of the popular pharmacy stores offering franchises in India include Sanjivani Pharmacies, SastaSundar Pharmacies and Medplus Pharmacies, to name a few.
It is always recommended to begin with your medical shop franchise with an established franchise partner rather than opening your own Pharmacy Store to enjoy better revenues.
If you also look forward to starting a pharmacy franchise in this industry, then go through this blog.
This write-up helps you know everything you want to know about the Best Pharmacy Franchise Businesses in India.
In this guide, we ranked and reviewed the 17 best pharmacy franchise in india, along with our top 3 choices, so that you can pick the best one for you.
GENMART GENERIC PVT. LTD.
(Best XYZ)
Overall Rating: 5/5
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SASTASUNDAR
(Best XYZ)
Overall Rating: 4/5
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Dava Discount Franchise
(Best XYZ)
Overall Rating: 4/7
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Want to jump straight to my top picks? My favorite pharmacy franchise
Top 16 Best pharmacy franchise in india
1. GENMART GENERIC PVT. LTD.
GenMart Generic Pvt. Ltd. established GenMart, a one-stop-shop pharmacy for all healthcare and wellness products.
Genmart Generic Pharmacy provides medicines at a reasonable price and all the products are NABL certified and have a Certificate of Authenticity.
details
- Founded in: 2018
- Franchising since: 2019
- Franchise units: Less than 10
- Initial investment: From Rs 20 Lakhs
- Royalty Fees: Rs 5 Lakhs
- Company Status: Active
- Company Category: Company limited by Shares
- Company Sub Category: Non-government company
- Directors: ALPA NILESH NAGDA (Director); BHAUMIK NILESH NAGDA (Director); ASHISH WAGHJI CHARLA (Additional Director)
2. CARE PHARMACY
Established in 2017, Care Pharmacy is Gujarat's largest and fastest-growing chain of pharmacy stores.
The company has more than 4,000 products in different categories & over 1000 generic molecules.
In addition, the company sells medicines from several reputed companies, including Cipla, Zydus, Heinz, Glenmark, etc. with 24/7 services.
Care Pharmacy is the nation’s first company offering different kinds of medicines, Healthcare products, Vitamins/Supplements, Health Food, Baby Care Items, Surgical, FMCG, Imported Medicines, etc., under a single roof.
In addition, the company even manufactures generic medicines under the brand name “CARDEA PHARMACEUTICALS”.
Care Pharmacy is being one of the top Medical store Franchise in India.
details
- Founded in: 2017
- Franchising since: 2018
- Franchise units: Less than 10
- Initial investment: 11 Lakhs
- Royalty Fees: Rs 3-5 Lakhs
- ROI: 96% (5 years)
- Payback Period: 18 Months
- Gross Margin: 6.5% (After Customer Discount)
3. SASTASUNDAR
SastaSundar is a unique digital pharmacy and health care store ensuring the timely supply of genuine medicines at the most affordable rates.
Apart from medicines, the company also sells items concerning Personal Care, Healthcare, Beauty Care, and Herbal, and Organic products.
The entrepreneurs planning to foray into the flourishing pharmacy world can grab the business model by taking the franchise.
details
- Founded in: 2013
- Franchising since: 2013
- Documentation: Around 50k
- Headquarters: Kolkata, West Bengal
- Franchise units: 100-200
- Initial investment: From 2-3 Lakhs (total)
- Security Fee: 1 lakh (Refundable)
- Store Setup, Interior, and equipment cost: Almost 1.5 lakh
- Industry: Health, Wellness & Fitness
- Company size: 201-500 employees
- Specialties: Online Medicine Store, Home Delivery, Innovative Digital Pharmacy, Healthcare Store And online pharmacy
4. LIVING HEALTHY 24
Kolkata-based Culmination Healthcare Private Limited started Living Healthy 24 a leading healthcare solution & service provider.
Established with the motto “Healthcare for All”, the company provides genuine medicines, doctor consultations, and health diagnostic services through a single platform.
The brand also plans to launch a health portal and mobile app for the benefit of the people.
details
- Founded in: 2016
- Franchising since: 2019
- Franchise units: Less than 10
- Initial investment: From Rs 20 Lakhs
- Royalty Fees: 4%
- Area required: 200-400 sq. ft.
5. SANJIVANI
Sanjivani is not a new name in the pharmacy segment of the country offering comprehensive and leading solutions in the pharmaceutical retail and distribution field.
Sanjivani specialises in offering various healthcare products
under its store, aiming to provide people with complete solutions catering largely to their healthcare needs.
details
- Founded in: 2006
- Franchising since: 2015
- Franchise units: 20-50
- Initial investment: Begins from Rs 10 Lakhs
- Royalty Fees: Rs 3.5 Lakhs
- Expected Payback Period: 10 - 12 Months
- The Expected Return: 60%
- Any Other Investment Needed: No
- Looking Expansion In Areas: Pan India
6. EMEDIX
EMEDIX opened an online pharmaceutical company in 2016 to offer excellent delivery of healthcare products to all people.
Emedix is one if the leading medical store franchise that delivers medicinal products by providing even an e-copy of the prescription.
The customers can order medicines and healthcare products from the website and the items will be delivered to the prescribed address.
details
- Founded in: 2016
- Franchising since: 2018
- Franchise units: 20
- Initial investment: From Rs 5 Lakhs
- Area Needed: 10-150 sq. ft.
- Royalty Fees: 1%
7. Dava Discount Franchise
The company is a leading store ensuring timely delivery of branded medicines at the most reasonable rates.
The company is the only leading leader offering a 25-30 per cent discount on brand-name medications.
Dava Discount Pharmacy Franchise is a segment of Rajnish Wellness.
The company looks forward to expanding its network and believes in providing the best price in the industry.
details
- Space - 250-500 sqft
- Line of Business: Pharmacy
- Unit / Shop Area: 1500-2500 Sq. Ft.
- Commission / Revenue Sharing: Approx. 80%
- Infrastructure Investment: Rs.10 Lakhs - Rs.15 Lakhs
- ROI Timeframe: One year
8. Medzone Franchise
MedZone is the country’s leading pharmacy chain, serving thousands of customers each day.
All the stores are conveniently located near customers' homes and provide a wide range of prescription medications and general FMCG goods.
The company provides premium quality medicines at affordable rates.
The company also sells Ethix healthcare items and Dr. Ethix is the branded company of Medzone itself.
Medzone Medical franchise business model, supports investors with monopoly rights, equity ownership, autonomy, management of their own business, and cordial relationship with the customers, thereby making it a profitable service industry.
details
- Investment - Rs.1 lakh
- Franchise Fee - Not Mentioned
- Space - 250 sqft
9. Chemist Sanjivani Franchise
Established to offer high-quality medical products at the most reasonable rates, the company slowly became a leading name in the pharmacy world.
The company’s purpose is to become one of the leading retailers in India and globally.
They sell over-the-counter (OTC) items, medications, and surgical supplies.
details
- Investment - Rs.12-15 Lakhs
- Franchise Fee - Rs.3-5 Lakhs
- Space - 200-400 sqft
- ROYALTY FEE: No
- AREA (SQ.FT.): Begins From 120 + Sq.Ft.
- ROI (Expected): 50%
- FRANCHISING SINCE: Sanjivani Chemist Franchise In India Started In the Year 201
- UNITS (CURRENT LOCATIONS): 60 Units Across India
10. Indian Health Mall Franchise
The Indian Health Mall is a renowned retailer of ayurvedic and other approved medicines and allied products.
The company has tie-ups with the best ayurvedic doctors, ayurvedic medicine store franchise , chemists, generic medicine retailers, homoeopathic medicine, 24-hour chemists, surgical equipment sealers, weighing machine dealers, etc.
details
- Investment - Rs.10-20 Lakhs
- Franchise Fee - Rs.2-5 Lakhs
- Space - 750-1000 sqft
- Expected Payback Period: 18 Months
- Expected ROI: 20-22% Gross Profit of Sales
- Any other Investment needed: Not Mentioned
11. DAVAINDIA
Davaindia Generic Pharmacy, a part of Zota Healthcare LTD, is the country’s leading medicine platform specialised in generic medicines.
The company offers the same ingredient medicine at a cheaper price.
The company aims to transform the global healthcare industry by making quality health & wellness products accessible for all.
DavaIndia pilot store, which was established in 2017, now has more than 550 stores across 23 states.
Davaindia Generic Pharmacy franchise is a good investment opportunity for those planning to foray into the Pharmaceutical, Ayurvedic, and Nutraceutical medicines market.
details
- Founded in: 1995
- Franchising since: 2017
- Store: More than 550
- Initial investment: INR 6-7 lakhs
- Franchise Fee: Rs 1.5 Lakhs
12. The Wellness Store Franchise
Influx Mart Ltd Wellness Store is an innovative retail store meeting consumers' wellness needs by presenting various wellness products and services.
The store is a one stop platform for all medical products. The company focuses on preventive health care instead of curative treatments.
details
- Investment - Rs.5-10 Lakhs
- Franchise Fee - Not Revealed
- Space - 250-500 sqft
13. Medifield Franchise
Medifield is a dynamic, vibrant, and lean company with a core focus on values and ambition.
The company focuses on a streamlined, dedicated manufacturing procedure, pay attention to raw materials, and focus on the overall packing material quality.
Medifield sources raw materials from reputable suppliers.
details
- Industry: Healthcare
- Head Office: Bengaluru
- Founder: Rajiv Muktibodh
- Founded In (year): 2005
- No. of Franchise Outlets: 20+
- Space - Less than 250 sq ft
- Line of Business: Pharmacy
- Unit / Shop Area: 250- 750 Sq.ft.
- Commission% / Revenue Sharing: Approx. 92%
- Infrastructure Investment: Rs. 7.5 Lakhs - Rs. 30 Lakhs
- ROI Timeframe: 1 - 2 Years
14. PharmEasy Franchise
Medlife International Pvt. Ltd. was established by Mr. Tushar Kumar and Mr. Prashant Singh in 2014.
MedLife is the country’s largest online pharmacy store delivering more than 20,000 medicines across different Indian states.
Starting a Medlife pharmacy franchise is a profitable business but the investors have to meet the minimum requirements to start a franchise.
Medlife or PharmEasy, has linked up with various path labs, doctors, pharmacists, consumers on one platform.
The company offers an online medication purchase option to all customers.
In addition,it provides reliable and latest medical information, which is carefully written, vetted, and validated by our health experts.
details
- Founded in: 2014
- Franchising since: 2017
- Franchise units: More than 800+
- Initial investment: INR 1 - 3 lakhs
- Investment - Rs.1-2 Lakhs
- Franchise Fee - Rs.50,000-1 Lakh
- Space - Less than 250 sq ft
15. Medplus Franchise
Founded in 2006 in Hyderabad, MedPlus core focus is to eliminate fake and ineffective medicines and supply good quality medicines in India.
Since its inception, the company has successfully contributed to the provision of genuine and unadulterated medicines to improve transparency in the functioning of the pharmaceutical industry.
The company has successfully built the largest retail pharmacy chain in India within a short period.
It operates a network of stores across 12 states and over 150 cities with over 1350 successful pharmacies.
Medplus is a renowned provider of quality and genuine medicines and superior customer service.
The company offers complete support regarding choosing the right location for the store, training for the franchisee and its staff, operational & audit support.
details
- Founded in: 2006
- Franchising since: 2015
- Franchise units: 20-50
- Initial investment: From Rs 10 Lakhs
- Fees: Rs 0.1 Lakhs
- Investment - Rs.10-20 Lakhs
- Franchise Fee - Rs.10-20 Lakhs
- Space - 250-500 sqft
16. Florence
The main purpose of Florence is to offer a diversified range of medicines to all Indian consumers.
Every Florence location offers blood pressure monitoring, blood sugar testing with glucometers, injections, etc.
Regular customers easily get this service for free or at a reduced rate.
details
- Founder: Girish Vaish and Manoj k. Jain
- Investment - Rs.5-10 Lakh
- Franchise Fee - No Investment
- Space - 250-500 sq ft
- Unit / Shop Area: 350 - 400 Sq.ft.
- Commission% / Revenue Sharing: Approx. 95%
- Infrastructure Investment: Rs. 6 Lakhs - Rs. 8 Lakhs
- ROI Timeframe: Approx. 1 .5 years
- Franchise Location: All over India
Why invest in a Pharmacy Franchise ?
The country’s pharmaceutical sector is one of the most advanced and growing sector in the world.
Even the Indian government offers a plethora of pharmacy franchise opportunities to its citizens aiming to enhance the healthcare standards of the country.
Investment in the Pharmacy Franchise in India is beneficial due to following reasons;
- The pharmaceutical sector was worth $36.7 billion in 2018. Between 2015 and 2025, the pharmacy market is anticipated to grow at a CAGR of 22.4 per cent, touching the $ 55 billion mark.
- India is on its way to becoming the new market leader in the Medical Devices and Diagnostics domain.
- The country has the most US-FDA-compliant plants outside of the US.
- By improving profitable earnings, the country’s Pharmaceutical sector shares 5% to the overall GDP.
- The Indian Pharmaceutical Industry has a global share of the global pharmaceutical market of almost 1% to 2%.
- The Indian pharmaceutical sector is expanding at a CAGR of 10%.
Conclusion
The healthcare sector is reaching new heights and the sector is expected to grow manifolds in the future as well. So, if you want to start your business, your drug store can become successful in the future.
Starting a pharmacy franchise can prove profitable and most importantly, the medical industry is less sensitive to economic downturns.
However, before starting a pharmacy franchise in India make sure you do more proper research.
The Pharmacy Franchise Profit margins and other benefits of starting a pharmacy franchise business makes investing in the medical field the best decision.
frequently asked question
1. Which pharmacy franchise is best in India?
The top best pharmacy franchises in India include:
- Indian Health Mall.
- The Wellness Store.
- Medifield.
- PharmEasy.
- Medplus.
- Florence, etc.
2. How much does a pharmacy franchise cost?
The average cost to get a pharmacy franchise in India varies from INR 15 to 20 lakhs, it is the initial capital needed to start pharmacy business on a small scale.
The initial investment varies based on the location and scale of operations. The costs associated with starting a pharmacy include inventory, renting or buying a store, and licensing fees.
Here are my best picks:
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