PCD (Propoganda-Cum-Distribution) is a business model. In this model, a pharma company grants marketing and selling rights to individuals in a targeted area. PCD Pharma Franchise Business in India is one of the most profitable businesses. According to the studies, the Indian pharmaceutical market size was $42 billion in 2023-24. It is expected to rise with a CAGR of 10-12% and will reach $130 billion by 2030.
Furthermore, 35-40% of India’s domestic pharmaceutical sales are attributed to PCD pharma models. In India, there are more than 10,000+ registered companies. 2500+ Pharmaceuticals are offering their franchise deals. Do you want to invest in the franchise model? This blog is going to be very informative for you. Read the complete blog to know how to start a PCD Pharma Franchise Business in India.
What are The Qualifications For Starting a PCD Pharma Franchise Business in India?
Generally, one needs to complete the SSC (Senior Secondary Class) or 12th from a recognised board or equivalent. However, some may ask for graduation in a relevant field. It varies from company to company.
What is the Experience Required for a PCD Pharma Franchise?
It is not mandatory in some cases. However, some companies may ask an experience up to 3-4 years in a pharmaceutical field. A relevant experience in other pharma fields can also be considered.
What are the Essential Documents Required For a PCD Pharma Franchise Business?
It is essential to obtain a license from an authorised government body for selling drugs. Without a licence or certified documents, it will be a criminal offence. The following documents are required For Starting a PCD Pharma Franchise Business in India:
Drug License: It is one of the most vital documents for every individual who wants to sell pharmaceuticals. It can be received by the following government bodies:
- Central Drug Standard Control Organisation (CDSCO)
- State Drug Standard Control Organisation (SDSCO)
Income Tax Registration: A valid contact number, e-mail ID, and an active PAN card are required for Income Tax registration. You can obtain this document after registering in:
- VAT(Value added tax)
- CST(Central Sales Tax)
- TIN(Tax Identification Number)
What is the Investment Required for starting a PCD Pharma Franchise Business in India?
The investment may vary depending on several factors. This may include the company’s name, product quantity, location, and other factors too. Usually, one can start a PCD Pharma Franchise with an initial investment of ₹40,000 to ₹3,00,000. It is better to choose the best firm for running long-term business rather then a cheap firm.
Top Pharma Franchise Products Categories:
- General Medicines: 60%
- Derma & Cosmetic: 15%
- Neuropsychiatry: 10%
- Nutraceuticals: 8%
- Others (Ayurvedic, Pediatric, Cardiac, Diabetic, etc.): 7%
A Brief Overview of Growth Trends of PCD Pharma Franchise
Year | Estimated Value (INR) | Growth (%) |
2020 | ₹1.75 lakh crore | — |
2021 | ₹2.05 lakh crore | +17.14% |
2022 | ₹2.45 lakh crore | +19.51% |
2023 | ₹2.91 lakh crore | +18.77% |
2024 | ₹3.14 lakh crore | +7.9% |
Choosing the right firm at the right time for the PCD Pharma Franchise Model can be a profitable option.
Conclusion
The pharma sector is growing at a tremendous rate. It is the best time to invest in the right pharma company for running your PCD Pharma Franchise Business in India. One must obtain all necessary qualifications and documents. Invest in the best pharmaceutical firm and earn high profits. Furthermore, if you have any doubts, you can call us at 078741 25471.
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