There are many reasons why pharmacy franchise businesses are thriving in India. One reason is that the country has a long history of low-cost drug manufacturing. This makes it an attractive destination for international pharmacy companies looking to set up operations. Additionally, the Indian government has been supportive of the pharmacy industry, providing infrastructure and tax incentives. As a result, the industry is expected to continue to grow in the coming years.
If you want to start a franchise in this industry, you’ve come to the right place. Before you launch your own franchise, here’s everything you need to know about the Best Pharmacy Franchise Businesses in India
Dava Discount
The Dava Discount franchisee, a pharmacy chain in India, has been in operation for over 20 years and has more than 250 stores across the country. The company has a strong focus on providing affordable medicines to its customers and offers a wide range of products, including over-the-counter drugs, prescription drugs, and herbal products. It is the only market leader that offers up to a 20-25 per cent discount on brand-name medications.
- Investment – Not Revealed
- Franchise Fee – Rs.2-5 Lakhs
- Space – 250-500 sqft
Medzone
Medzone is one of the best pharmacy franchise businesses in India. It has a wide range of products and services, and a team of highly qualified pharmacists. The company has a strong focus on quality, and its products are available at very competitive prices. Medzone also offers a wide range of value-added services, such as home delivery, online ordering, and a loyalty program.
- Investment – Rs.1 lakh
- Franchise Fee – Not Revealed
- Space – Less than 250 sqft
Chemist Sanjivani
The company was started by two entrepreneurs who had a background in the pharmaceutical industry. The company has been in operation for over 10 years and has a strong presence in Mumbai.
The company has a strong focus on customer service and offers a wide range of products and services. The company has a loyal customer base and is constantly expanding its operations. The company has a strong online presence and is constantly innovating to offer the best possible service to its customers.
- Investment – Rs.12-15 Lakhs
- Franchise Fee – Rs.3-5 Lakhs
- Space – 200-400 sqft
Indian Health Mall
Indian Health Mall is a leading online pharmacy in India, providing a wide range of medicines and health products at affordable prices. The company has been operational for over 10 years and has a strong presence in the online space. Indian Health Mall is a member of the Pharmacy Franchise Association of India and is one of the best pharmacy franchise businesses in India.
- Investment – Rs.5-10 Lakhs
- Franchise Fee – Rs.2-5 Lakhs
- Space – 750-1000 sqft
The Wellness Store
Influx Mart Ltd’s Wellness Store is one of its innovative retail formats. Wellness Store meets consumers’ wellness needs by offering a variety of wellness products and services under one roof. It focuses on preventive health care rather than curative or therapeutic treatments.
- Investment – Rs.5-10 Lakhs
- Franchise Fee – Not Revealed
- Space – 250-500 sqft
Medifield
Medifield is one of the best pharmacy franchise businesses in India. The company has been in business for over 20 years and has a wide network of franchisees across the country. Medifield offers a complete range of pharmaceutical products and services, including prescription drugs, over-the-counter medications, and herbal and ayurvedic products.
- Investment – No Investment
- Franchise Fee – No Investment
- Space – Less than 250 sqft
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Apollo Pharmacy
Apollo Pharmacy is one of the leading pharmacy franchise businesses in India. The company has a wide range of products and services, and a strong presence in both rural and urban areas. Apollo has a network of over 3,500 stores across India, and its products are available in over 10,000 outlets. The company has a strong focus on quality, and its products are backed by a team of expert pharmacists.
- Investment – Rs.1-2 Lakhs
- Franchise Fee – Rs.50,000-1 Lakh
- Space – Less than 250 sqft
PharmEasy
Medlife, which is now known as PharmEasy, has brought together doctors, pharmacists, path labs, and consumers on a single platform. Medlife provides much more than just the ability to purchase medications online. PharmEasy provides trustworthy and up-to-date medical information that has been carefully written, vetted, and validated by our health experts.
- Investment – Rs.1-2 Lakhs
- Franchise Fee – Rs.50,000-1 Lakh
- Space – Less than 250 sqft
Medplus
MedPlus was founded in Hyderabad in 2006 with the goal of eliminating fake and ineffective medicines and supplying high-quality medicines in India. Since its inception, MedPlus has successfully contributed to the provision of genuine and unadulterated medicines in order to encourage and elevate transparency in the functioning of the pharmaceutical industry.
- Investment – Rs.10-20 Lakhs
- Franchise Fee – Not Revealed
- Space – 250-500 sqft
Florence
Florence’s goal is to provide a diverse range of medicines to Indian consumers. Every Florence location provides services such as blood pressure monitoring, blood sugar testing with glucometers, injections, and so on. All regular customers receive this service for free or at a reduced rate.
- Investment – Rs.5-10 Lakh
- Franchise Fee – No Investment
- Space – 250-500 sqft
Bottom Line
If you’re looking for a low-cost option for starting a pharmacy franchise business, India is definitely worth considering. There are a number of established pharmacy chains in the country that offer affordable franchise opportunities, and the Indian market is growing rapidly. So, if you’re looking for a profitable pharmacy business opportunity, a franchise in India may be the way to go.
