By FMTeam Let’s say you have a background in medicine or the medical field in general, and you are thinking of opening a medical or drug store of your own. Sure, you can go down this path, but that would literally be super costly. Then what other options do you have in that case? Well, you see, nowadays, there are many pharmacy franchise options that you can apply for and pay the franchise fee and the company offering the franchise will help you set up everything. And if that’s something you were already looking into, well worry not, this post will still be a huge help to you. How? Here we are going to take a good look at the top 10 leading pharmacy franchises in India as of 2024. So, let’s just get to the list right away.
1. Apollo Pharmacy
Starting with the first name that needs no introduction in the country, Apollo Pharmacy. This giant pharmacy chain is a part of Apollo Hospitals as you might already know, correct? Apollo has over 4,000 pharmacies operating across the nation making sure even remote areas are not left out when it comes to accessing important drugs, you know? Apollo distinguishes itself through its commitment to genuine products and trained pharmacists who provide valuable medical advice. To prove this growth, their expansion strategy is targeted at adding about 250 new branches per year, and that’s kind of fast-paced if you think about it for a sec.
2. MedPlus
For those who don’t know, MedPlus actually is an Indian company that specializes in retail pharmaceuticals, and health and wellness products. Considering the number of its stores across India which are more than 4230, MedPlus provides a good example in the field of medicine retailing in India. Whether it’s through its hybrid models that combine both physical stores and the online platform or via MedPlusMart.com, one can only explain this company in one word, which is going to be “convenience” for sure.
3. PharmEasy
We all know how famous PharmEasy has become with the incredible marketing approach and the catchy advertising they do, right? As of 2022, starting out as an online platform, PharmEasy introduced physical stores and franchising, thus having over 200 outlets in the country right now. Pharmeasy is known for its technological edge that enables easy fusion of e-services like online orders and home delivery. With an initial investment ranging between INR 11 to 12 lakhs and a high revenue-sharing model where the franchisee retains about 90% of the income, this is a great financial opportunity for anyone looking to break into the pharmaceutical industry.
4. SastaSundar
Sasta Sundar comes next on our list since it presents a distinctive hybrid approach combining physical Healthbuddy stores with online pharmaceutical services, you know? Originally founded in 2013 and with its headquarters in Kolkata, Sasta Sundar has become somewhat well-known throughout India, that’s for sure. Right now, those looking forward to diving into this particular segment can easily afford the franchise model since it calls for a cheap initial outlay of INR 2 to 2.5 lakhs. With just that, Sasta Sundar offers training, business management tools, and inventory planning among other areas of great help.
5. DavaIndia
Founded in 2017 under Zota Healthcare LTD., Dava India aims to provide reasonably priced, generic pharmaceuticals for everyone. As of July 2024, operating more than 600 outlets all throughout India, DavaIndia is the biggest private generic pharmacy retail network in India. With an initial investment of INR 5 to 10 lakhs and a franchise fee of roughly INR 1.5 lakhs, the franchise concept is meant to be easily understandable for everyone.
6. Medlife
Originally launched as an online pharmacy in 2014, Medlife, co-founded by Prashant Singh and Tushar Kumar, has now grown into physical retail, that’s for sure. Right here in India, well-known for combining digital and physical media, Medlife provides a wide range of healthcare products and treatments. Given an initial investment of INR 2.5 to 3 lakhs, the franchise model appeals because of its modest entrance expenses and great potential profits.
7. Genericplus Pharmacy Pvt Ltd
Since its founding in 2016, Genericplus Pharmacy Pvt LTD, a division of Johnlee Pharmaceuticals Pvt LTD, has had a notable influence right here in India. Having more than 1,300 stores mostly in Maharashtra and Karnataka, this brand emphasizes offering reasonably priced generic drugs, you know? With a cheap franchise fee and a needed size of 500 to 750 square feet, the franchise model calls for an initial investment of INR 2 to 5 lakhs, and that’s all!
8. Medzone
Founded in 2000 and with its headquarters in Chennai, Medzone is a reputable name in the pharmacy franchise scene, and ain’t nobody doubts that. For sure, Medzone provides a wide spectrum of pharmaceutical items and healthcare services from more than 50 franchise sites all throughout India. With a small franchise fee of about INR 80,000, the franchise model calls for an investment of INR 5 to 20 lakhs. Do that and Medzone promises to offer training, inventory control, and marketing help among other significant support.
9. Guardian Pharmacy
Part of Guardian Lifecare right here in India, Guardian Pharmacy offers a strong franchise approach to health, wellness, and cosmetic products. If you dive deep, you’ll find that Guardian Pharmacy provides a complete range of products, including prescription drugs, over-the-counter medications, personal care items, and whatnot. Right now they have just 160 outlets in India and are looking forward to expanding which very well can be a good thing for you too.
10. Care Pharmacy
Rounding off our list is Care Pharmacy, which started in 2017, and already boasts more than fifty stores. With an initial investment beginning from INR 5 lakhs and a franchise fee of INR 3 to 5 lakhs, the franchise concept is meant to be affordable, you know? Among the many products Care Pharmacy carries, more than 4,000 items, generic pharmaceuticals, branded meds, and wellness products. Training, inventory control, and marketing help among other strong support systems of Care Pharmacy guarantee that franchisees are ready to thrive from the get-go.
Conclusion
There you have it. These are by far the best and top pharmacy franchise opportunities in India right now. If you really want to make it big, you can go with these pharmacy companies and open a local pharmacy with their name in your area, and take it from there with the awesome marketing support they provide.