What are the Requirements to Take PCD Franchise – The pharma franchise business in India is a good way to start your own venture. Collaborate with top Pharma Franchise Company in India and make good profits. In case you have listed the company and ready to take a flight, you need to know the requirement to take PCD franchise. The terms and conditions differ from company to company. This could be in relation to allotment criteria, profit margin, monopoly distribution, investment plans and other schemes.
PCD Pharma Franchise and pharma franchise are same but differ from some points. Like in PCD franchise, your experience and qualification won’t matter much to the company. In this post by Focus Healthcare, we are going to share some insights about, ‘What are the requirements to take PCD franchise in India? Here we go!
Things You Will Need To Apply For PCD Pharma Franchise in India
The criteria adopted by every company are different. Thus, we share some common points which are needed to be fulfilled by the PCD owner to become a legal PCD owner. They are compulsory points which are asked by every company. Here take a look at the following:
- Investment Needs: To become a PCD franchise owner you need to have an investment of at least Rs 15,000. In case you want to apply for pharma franchise, the investment bar goes high which can be as low as Rs 50,000. Thus, it is advisable to have a good amount in the budget before starting the business. The initial starting of investment plan hugely differs from company to company.
- Experience: PCD owners do not need to have experience but if you have then you will be a priority for most companies. Franchise owners need to have at least 2-3 years of experience in this industry. Experience with a reputed company will be profitable.
- Qualification: For PCD owners it is not important to necessarily hold a degree. They can apply without any worry of quality eligibility. Pharma franchise owners need to be graduates or post-graduates for applying for a franchise business.
- A network of Doctors: You will be given priority if you have a good network of 4 to 6 doctors in a circle. This helps in increasing sales and is seen as a good potential client by the company.
- Knowledge of Business Terms: All the clients of franchise need to have little too good knowledge of terms like profit, profit margin, sales margin etc. Companies appreciate such associates who have good knowledge about business terms.
Why Can Apply For PCD Pharma Franchise Directly?
If you are already into pharma marketing services, then you will prioritize by the company. Here is a list of people who can apply for franchise business in any state of India:
- Distributors of Pharma Products and Medicines
- Pharma Individuals or Group of Individuals
- Medium Scale Pharma Companies
- Pharmacists registered under State Pharmacy Council.
- Small Scale Pharma Companies
- Wholesalers & Retailers.
- Stockiest
- Medical Representatives Etc.
Documents Needed To Take PCD Franchise Pharma
Companies ask for certain documents to fulfil credibility of the associate. They are compulsory to own and submit to the company if you want to be their franchise owner. The government takes special care about those who do business in drug medicines. Thus, you should fulfil these criteria to become one and legal. Here take a look at the following:
- You need to own a Drug marketing license registered by Central Drug Standard Control Organization or State Drug Standard Control Organization.
- GST network registration is compulsory.
- Identity proof like PAN Card, Adhar Card etc.
- If you are in a partnership and have signed a deed then a copy of it will be required.
- A legal copy of premises rented or owned.
Conclusion:
These are some of the points which are needed to be fulfiled in order to take up the franchise. The initial criteria differ from company to company. There can be more points or lesser points. If you are searching for a good Pharma Franchise Company in India then Focus Healthcare is the best. We have 300+ medicines, simple targets, marketing support, incentives and much more for our PCD Franchise owner. You can apply with us and get more benefits. I hope the post was beneficial for you.