What Are The Requirements for Taking a PCD Pharma Franchise? – Want to start your own business of franchise? Are you new to the business world or the industry? Do you have sales experience and want to start a profitable venture? Want to start a PCD business? What are the requirements for taking a PCD pharma franchise in India? The pharmaceutical industry is rapidly growing with consumer, health, and hygiene awareness. The Indian pharmaceuticals share a good hand in contributing towards the GDP of the country with a share of 5%.

The Indian pharmaceutical industry is more than US $ 36.7 billion in 2016 which is growing at a rapid speed of a CAGR of 15.92 %. It is forecasted that the industry will reach a mark of US$ 55 billion by 2020. Investing in a sector that is said to be the least affected by the Goods and Sales Tax (GST) is the best place to establish a good business. The industry serves the masses with medicines, drugs, and products that have good demand around the clock. Pax Healthcare, one of the Best PCD Pharma Companies in Chandigarh has compiled a blog on What Are The Requirements for Taking a PCD Pharma Franchise to help you make better and more informed decisions.

Table of Contents

Qualification and Experience Requirement for Pharma Franchise

Every business needs an experienced head. PCD formats follow a business venture for those who do not have many qualifications but the determination to achieve well through their sales target. The success of a business if surely dependent on the currency flow but experience can take it to another level. A Pharma Franchise firm usually looks for two things:

Minimum 3 to 4 years in sales and marketing field of pharma products. It is best if it is done in a reputed Pharma Company.
PCD Companies usually does not ask for qualification but some may ask with a minimum SSC or 12^th done from a recognized board or be a graduate which is rare in many cases.

Registration Document Assigned For PCD Pharma Franchise

The Pharma industry is quite a strict industry as it involves the lives of people through drugs and medications. Various licenses and registrations have been made mandatory to achieve a PCD franchise business from any pharma company. The documents which you will be required to submit to the company are as follows:

Drug License Number: Rs5000 which may vary from state to state.
Tax Identification Number (TIN): Rs4500.

The introduction of GST will make tax changes that will affect your business. Know more about it as it has abolished several taxation series into one i.e. GST (Goods and Sales tax).

Investment Requirements to Be Fulfilled By You

Investment is crucial and regular flow is even more important. The minimum requirement to attain a PCD franchise varies from company to company. You may start with a mere Rs 10, 000 to as far as 3 to 4 lakhs. PCD is a miniature form of the pharma franchise that offers a small batch of medicines and drugs. Thus, investment is low and can be cheaply offered by different companies across pan India. It is still an advisor to have at least 1lakh as start-up money to pay off the bills until the business gets smooth.

Tips To Find the Best Pharma Franchise Company for PCD

Now that you are ready with everything! You have the experience, documents, and money but wait; you cannot go further without a good pharma company by your side. Here are some good tips for choosing a good PCD company for the PCD franchise business:

Do deep online and offline research about different PCD companies.
Learn about their offerings and benefits like marketing inputs, gifts, etc.
Are they providing monopoly rights or not? Monopoly helps you rule over the zone you are allotted with sales under your control.
See the quality assurance and quality control measurements followed by the company.
Are all the products available? It would be embarrassing if you ran out of demanding medicines and the company failed to provide though they have it in their list of offerings.

Conclusion:

PCD pharma business is a good way of earning a handsome profit. Don’t forget your rent, electricity, labor, etc cost which area requirement of every business. Pax Healthcare is a reputed GMP, WHO, and ISO-certified Pharma Franchise Company in India that offers a wide range of medicines and pharma drugs across India at genuine rates. So if you are the best pharma company for PCD Pharma Franchise business join hands with Pax Healthcare. We are welcoming to all pharma distributors and experts for the franchise business.