The Pharma industry in India today ranks 4th in volume and 13th in value in the global pharmaceutical market, with exports worth US Dollars 2.6 billion besides domestic sales of over US Dollar 4 million worth. India’s different types of pharmacies are a standalone, hospital, chain pharmacies, and township pharmacies. All of these can be registered under the partnership or as a private limited company and thus can easily be transferred, or profits can be shared among the partners.
Before you proceed any further, I would recommend you to also go through our article on the basic steps of starting a business after reading this one to get a wide view of deciding your target market, fundraising, etc.
Now let’s proceed to how you can start your own medicine wholesale business n India easily.
1. Legal Procedure to Start a Wholesale Pharmacy
The Drugs and Cosmetics Act, 1940 (amended in 1945) states the guidelines for importing, manufacturing, and distributing drugs in India. It contains provisions for the classification of drugs under given schedules. To start a medical pharmacy business, one needs to get a license from the Central Drugs Standard Control Organization (CDSCO) or State Drugs Standard Control body, under form No. 19. The person should have a degree or diploma in pharmacy from a recognized institution or university with one year of experience in dealing with drugs. The pharmacist must also get the GST registration for any payment transaction.
Documents required while applying for the license-
- Application form in the prescribed format.
- Covering letter with the intent of the application signed with the name and designation of the applicant.
- Challan of fee deposited for obtaining drug license.
- Declaration form in the format prescribed.
- Key plan (Blueprint) for the premises
- Site plan (Blueprint) for the premises
- Basis of possession of the premises
- Proof of ownership of the premises, if rented
- Proof of constitution of the business (Incorporation Certificate/ MOA/AOA/Partnership Deed)
- Affidavit of non-conviction of proprietor/ partners/ directors under Drugs and Cosmetics Act, 1940.
- Affidavit of a registered pharmacist or competent person working full-time
- Appointment letter of registered pharmacist/competent person, if an employed person.
The legal bindings do not end here. Regular inspections by a pharmacy inspector are held under the supervision of CDSCO, headed by the Drug Controller General of India. GN Singh being the current DCGI, makes it strict for all the local, retail or wholesale pharmacies to maintain the standards of sale, storage, and display of drugs.
If you want to know some more details on India’s company registration process, you can Click Here.
2. Premises to Stock the Medicines
It is mandatory to submit the proper verifiable documents regarding the pharmacy’s area to be started. The apt space for a wholesale pharmacy is a prerequisite. The requirements change when both retail and wholesale are combined. Refrigerators and air-conditioners are a must for obvious reasons that concern the biomolecular damage to the vaccines, sera, insulin, injections, etc. The place should be kept clean and rodent free to ensure proper hygiene.
3. Investments to Set up a Pharmacy Wholesale
With an initial investment as per the demands of the startup, the otherwise expenditures may include maintenance charges and buying of medicines and drugs.
- Documentation and License:- Approximately 25OOO/- including Rs 3000/- as registration fee
- Furniture:- Shelves and cupboards, air conditioner, and refrigerator may add up to 2 lacs
- Computer system- Rs30,000
- Premises (if rented)
Working staff, including a pharmacist and 2 employees for 24*7 (70,000 / month). An investment of 40-80 lakhs is required in establishing a wholesale business, considering the quantity of stock required.
The cost of drugs stocked in the pharmacy store is included in this. Whereas medicines costing around Rs 20 lakhs – Rs 50 lakhs need to be distributed to the retailers on a loan basis in order to establish a healthy professional relationship.
4. Awareness Related to Current Trends in Drug Dealing
In India, the Schedule B (Rule 98) of the Drugs and Cosmetics Act (1948) specifies the ‘shelf-life’ (mostly 1-5 years) of drugs and the conditions of storage. Beyond the expiry date, the various drug formulations must be discarded to avoid toxicity. The pharmacist or the dealer should be vigilant about the life period of stored medicines and their different schedules. For example, schedule H lists the ‘prescription drugs’ that can be sold only against a prescription issued to a patient by a registered medical practitioner.
The ‘non-prescription’ or ‘over-the-counter’ (OTC) drugs can be sold even by grocery stores. It is important to stay in touch with the ongoing trials of drugs held by the government to be informed of the banned medicines. It also helps to know about the drugs popular with the medical practitioners so that they can be stocked adequately. The medicines or cosmetic products which are not popular tend to decrease the profits as they, when stocked, may expire with time and need to be removed from shelves. Segregation of medicines pertaining to age groups can ease the functioning of the pharmacy.
5. Collaboration with the Local Clinics, City Hospitals, and Health Centers
Collaboration with existing medical stores is very beneficial when the dealer can come up with more exciting offers and benefits. Providing the local clinics or the pharmacies with drugs of better quality at the same price or larger incentives at the same selling price can guarantee a wider market for the business. Cheaper drugs from alternate pharmaceutical companies are preferred by pharma stores of tier-2 and tier-3 cities, while medical stores of metropolitan cities prefer larger discounts without reducing the MRP, provided quality is not being compromised.
For Example, if drugs from Ranbaxy are more popular with the pharmacies in an area, but Cipla manufactures similar drugs at a cheaper price. Then, convincing the medical store owners to sell Cipla drugs can help establish the clients.
Collaboration with the local clinics/ hospitals, new medical shops or pharmacies in the area will ensure profits; this is largely based on the trust and professional ethics of the dealing parties.
6. Associating with Government Policies
Under the Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) scheme, the government aims to provide generic or cheaper medical drugs to the people. Generic drugs form the largest segment (70%) of the Indian pharmaceutical sector, with OTC medicines (21%) and patented drugs forming the remaining 9%. The National List of Essential Medicines (NLEM) states that the prices of drugs under the First Schedule of Drugs are fixed uniformly for all branded and generic medicines containing the same active molecule. In the case of non-scheduled mode, manufacturers are free to increase the Maximum Retail Price (MRP) by more than 10% of MRP. Selling generic drugs cannot improve the margin so much, but this can help avail the government’s benefits in association with the scheme training of the pharmacist or the other staff members, discounts in prices.
The organized computer-based program helps to reduce investment in resources like human labor and capital. Pharmaceuticals and healthcare companies employ medical sales representatives. They endorse the drugs manufactured by their employer companies by distributing free samples to various clinics and healthcare units. This saves the pharmacist the expenditure on advertising a new brand or equipment. Working with Carrying And Forwarding Agents, more popularly known as C&F dealers, is another feature of the pharmacy wholesale business. They purchase medicines from pharmaceutical companies and sell these to wholesalers. A company can have 2-3 CFAs in each Indian state and then pay them as per the turnover of products in a year. The pharmacy business is an excellent startup if it religiously follows the rules and regulations. With minimum investment, it turns over significant profits. After all, health for all matters!
Want to open a generic medicine Distribution
So what’s stopping you?
I am interested.
I am interested
How much does it cost to open a generic medicine distribution?
My father has started a medicine wholesale business from 20,000 rs only.
I am from Myanmar, I want to import medicines from India
Hi Narnee Pokhrel, please contact us.
I can help you if you want to export the medicines.
Which type of medicine do you buy from India?
I can help
I want to start a generic wholesale medicine business, I’m from Mumbai suburban area Kurla, so what I have to do 1st and give me your contact number.
I want distributors to sell medicine, we are looking for a business partner. Kindly contact
I wanna start medicine distribution business.
Have you started?
I am interested in becoming a dealer and distributor.
Please contact me
JOIN BECOME A FRANCHISE PARTNER
I am ready for that. Kindly contact.
I am interested to start wholesale medicines distribution
Where you have your business bro (which location). If it is near to my location. I will try to join you.
I want to start the medicine distribution business in Nashik.
Hello,
Myself Ayush,
Please let me know which city you are looking for distributors.
Gopalganj
Hello sir, I am interested in being your business partner.
We are wholesale distributor in Chennai. We need franchise for generic medicine.
What is stopping you?
Contact me
I am interested in this opportunity and I have two places which I can use as my godown/storehouse, one is in Kolkata (120 Sq ft) and one is in Hooghly (300 Sq Ft), have good sources in local Medical Hall/medicine clinic/houses and I have also good manpower for distributing but I don’t have a license but I want to enter and start this partnership. Can you please send me any opportunities that I can work with you?
I will be looking forward to hearing from you soon.
Hi, I am Md from Kolkata. If you’re not engaged with anyone else, I welcome you to have a discussion to make opportunities for each other.
Contact me
Kindly provide information
I am ready to be a partner for the distribution of medicine. But I have very low capital. If interested to work as a partner and investor, contact me.
Where can I contact for generic distributorship of Alkem, Cipla, Abbot, Intas, Leford?
I want to be your distributor.
I am interested.
I am interested.
I am Warangal district, Telangana state. I would like to open a generic medical wholesale agency with low capital. May I know how much capital is required to start a generic wholesale agency?
I am interested. I am a B.pharma graduate and seriously want this opportunity in my home location.
I want to learn about it. I am interested if it works out.
Can you send me all the details?
Is the option still available for collaboration? Although, I am new to this field.
I want to distribute drugs in our area by opening a wholesale shop in Kaman, Bharatpur, Rajasthan.
I am interested in doing this business.
I’m a fresher, just competed my (pharm d/ doctor of pharmacy) I’m interested in starting the business.
What are the requirements?
Hi, even we want to take a medical distributorship. If you want we can talk about this.
Hello sir/mam, I am really interested in opening the wholesale of medicines, so please tell me how to startup.
I am also interested; please tell me.
I am looking business partner to sell medicines in our district Bijnor U.P. I have a valid license to sell the medicines.
I am interested in your plan; kindly brief me on your necessary information.
I am ready to distribute your medicine, how can I get in touch with you?
Hi, I am interested
Please get in touch with us. We are eagerly waiting to hear from you.
Sir, I am interested and I want to be a distributer.
If anyone does not have pharmacy certification; can he start this business?
Hi sir, I am Mr. Salman Abdul Rasheed Borkar, I want to open a generic medicine in our growing areas. Please guide me 😊
Yes, please tell me the easy procedure.
How to be a wholesale generic medicine distributor? Please contact me.
Hi Susheel Paul,
There is no difference in taking a generic medicine franchise. The procedure is completely the same as in the case of other branded company.
1. You need to take wholesale supply license and other drug licenses which are mentioned in the article.
2. Contact companies which manufacture drugs/ medicines and ask for their franchisee.
3. Start selling
Can I get a wholesale medicine store license by hiring another person?
I am also looking for either c & f or distributor in pharma in either Chandigarh or Dehradun
Hi, can you help me in starting the medicine wholesale franchisee?
What kind of help are you looking for?
I am looking to start a generic medicine production plant.
I am from Myanmar, I want to import medicines from India.
Email us for the same, will connect you with the right source.
Pls suggest me how to start
How to become a generic medicine distributor?
Hi, I want to become a wholesale distributor.
Hi
I have 2200square feet basement available in New Delhi. I am planning to start the medicine distribution as I have also good knowledge of cold room. Please tell me the procedure for the same.
Thanks
Contact medicine companies through their official website and tell them about your wholesale business. They will tell how to proceed for the same.
Can i strat generic medicine business within 5 Lacks Investment ? without any space ? (I mean beginning from Home).
You cannot start a wholesale business in that budget. If you are planning to start a medical shop then I don’t think you can get licenses to sell medicines from home. And please don’t try to sell medicines without proper licenses else you might face severe consequences.
Sir my self Nishikant Gupta from Sagar MP
Sir please suggest me how can take franchise of pharmaceutical company.
Contact franchisee company and complete there all terms and conditions. You can also negotiate for a few things.
I wanna start medicine wholesaler how can start and which company medicine perfect? How their premises?
All companies are good as govt. has strict rules and regulations for medicine manufacturing. I didn’t get what you want to ask in your second question.
Hello, my age is 20. I want to start a wholesale medicine distributor and my budget is Rs20 lakhs. Can I go forward? Please tell me the eligibility for license and also tell me how to startup?
if you belong to a normal city like Gurgaon, Delhi, etc then 20 lakh is a low budget for wholesale distributorship. Also, age is not the restriction until you have required licenses and educational degrees which are mentioned in the article.
Hey, contact me for the same.
Good morning sir, I am interested to start medical agency at the municipality. How much budget do I need, and how to approach medical companies?
Go to the official website of the company. Get their phone number and email-id from there and contact them.
Hello sir, I wanna start both wholesale and retail shop of medicine, what should be the approx budget required for all requirements in medium scale?
Hello sir,
I have 20 years of experience in API & formulation manufacturing in quality control as well quality assurance departments, I have completed my B.Sc degree in chemistry, zoology and botony,
I can go budget upto 50 laksh, is any additional qualifications required, please suggest regarding qualifications and procedure mentioned in the Indian drug council guidelines.
Yes, you can start and the budget is enough.
Hi sir, can I get your number because I need guidelines to start pharma distributorship in Mumbai?
Hello Sir,
I HAVE 8 YEARS EXP IN PHARMA TEACHING FIELD AND HAVE GOOD KNOWLEDGE ABOUT PHARMACEUTICALS. I HAVE PLANNED TO ESTABLISH WHOLE SALE OF DRUGS WITH INVESTMENT 1CR AT CITY. I HAVE LESS INCOME SOURCE SO IS THERE ANY CHANCE TO GET LOAN FOR BUSINESS. ALSO I AM PHARMACY BACKGROUND PERSON.
Hi Seenu,
You can apply for a loan in two ways.
1. Before starting the business- Tell the bank that you have your own 1cr and need some more money to start your business in an efficient way. Make a good business plan and projection report and approach the bank.
2. Start with your money and once you start generating money show the statements and ITR to the bank and on that behalf take the loan.
Both the ways are great but in 2nd you take a long time to come into full execution while in 1st you need to visit too many banks. You can decide as per your resources and efforts.
hello sir,
I have a degree in MSc in pharmaceautical Chemistry.
Can i get drug license for wholesale business.
pl, reply .
Thanks & regards,
Anurag.
Hi
I am a pharma graduate but do not have experience in same field. I am interested in starting my own medicine wholesale distribution business. Please guide me on how to establish lead with existing medicals where other distributors also exist.
Also what are the payment terms that are follwed currently. Since the investment is huge what is the return time we can expect?
Would you advise to start a business without having self capital in hand?
If you are taking whole money on interest then I won’t suggest you as you are new and already many competitors are their so you might make many mistakes and loose.
Well if you want to lead from your competitors then you need to take care of many things like consistent approach, relaxation is payments, deal with big hospitals, etc. For more, you can read my articles on “sales”.
https://www.businessalligators.com/?s=sales
You can also do a job for 5-6 months under such person who own medical wholesale contract in starting to understand the complete flow.
Hello sir,
I am working in marketing pharma products from 7 years and have worked with many doctors but I am only 10th pass. Can I start pharma wholesale business?
Please check it with CA
of course
Hi sir, I have done my degree in B.Sc. Chemistry. Can I start wholesale pharmacy business? Any advise? Reply me and ur number also.
Yes, you can start. Contact me on info@businessalligators.com
Hello Lokesh Ji, could an MBBS degree holder apply for wholesale drug distributor license?
Yes, they can.
Hi,
I am planning to start a medicine shop or for wholesale distributorship, I already have a drug license. Can I have a call with you?
Email us your query, will see to it.
Good day! I’m from the Philippines and we have drugstores, I want to buy medicine directly from Indian manufacturing company. How can I start?
Sir I want to start a medicine wholesale business in kolkata in a very small scale. Can I start with Rs 20lakh?
Not possible in this budget. With this budget, you can open a medical store.
Hi Sir,
I have 13 yrs experience in pharma industry with various segments. Now I have decided to start with my own pharma distributor and Liaison agents for supplying medicine to state government institution, army, ESIC and PSU sector. Could you please suggest me for starting the new distributors what are the documents are required from my end and also how much I need to invest to start?
There is very less probability that big corporations will buy from you especially govt sectors because the majority of time medicine manufacturing companies contact them directly, so there is no point to include a middle man in between.
Then minimum how much capital is required to start a wholesale medicine business ?
Dear Lokesh Tanwar,
I am from Bangalore, my spouse have completed her UG in BPharma and PG in MPharma. Due to personal reasons she didn’t started her career after PG, now we are planning to open a Retail Pharma in Bangalore (she don’t have any previous experience in pharma industry). I would like to take your consultation here. Please let me know how to approach.
Ask your wife to work in a hospital for a few months and apply for a license. After license and bit experience you can start.
I have done M.Sc in biochemistry. Is this qualification enough to start a wholesale business in medicine?
Yeah, you can start.
If u have all medicine drug knowledge u can start retail simply
I have a medicine manufacturing unit and want to enter in online market.
what should I do and who should I contact?
Please reply.
So do you want to start like “1mg” and “Netmeds”?
Or want to do something else, please contact me personally for the same will help you.
I want to start an online pharmacy, what are the regulations to be followed? And can I have your contact number sir?
As of now the rules of online and offline pharmacy are same, but a draft regarding regulation had been proposed in August 2018, once it is passed then rules will change.
It is a bit harsh but I only give personal support to my course students (Business Crux 1.0) due to the restriction of time. This is best for beginners as I have covered everything from idea development to fundraising to market penetration step by step. Here is the link
https://course.businessalligators.com/p/business-crux-1-0/
Yes 5 lakhs is enough for this type of business. Please contact me I will inform you how to start this.
How did you start your business with that budget? What all documents were submitted by you and you started from which city?
Hello,
Want to be a pharma distributor in Rewa MP. Though I am BSC in chemistry and working in HR kindly suggest how can I start in 10 lac?
How to start sir?
My name is Ravi Doliya and I have just started my new business of injectable and all types of generic medicines in all cites. How can I expand my Business?
I didn’t understand your question. On one side you are saying have already started your business in all the cities and on the other side, you are asking how to expand. If you are already in all the cities then where you want to expand your business?
Or am I missing something in understanding your question?
Good afternoon sir, with one wholesale drug license can we supply to all other states, please help.
Sir I have done BE mech. Also I do my job but I am not satisfy with this, so I have decided to join or open a medical agency but I don’t know how to start up? Also how much fund that I can arrange??
You need to partner with someone who is having an experience in pharma. The money will depend on location and vision towards your business.
Hi, I am seeking advice to start medecine export house. Can you guide what all licenses would be needed. We are into export of other products already and aware of general export related processes. So would need your advice on specific licenses need to export medecine.
As of now, I am not aware of the licenses needed in medicine export business, will update you over email once I got any relevant update.
You can consult CA or lawyer for the same.
hi,
I am Pavan Kumar my age is 28 and I am going to start a loan license company near Tirupathi. Could you please suggest how the future will be for the contract manufacturers and I would like to start this business with an investment of 4.0 crores. Is it possible to start with in this budget. How the Profits will be for contract manufacturers. Because I am taking Loan amount of 3.0 crores from bank.
I am planning to keep 2 semisolid manufacturing lines and 4 lines of packing and quality control lab.
Please suggest that my idea can work out or any changes required.
Regards,
B.Pavan Kumar
I have never worked personally with any loan license company, also budget involved is really big. So I would recommend you to involve a data analytics company. They can help you in a much better way by giving you a detailed report full of data and stats. If you want then I can connect you with such persons.
I want to become a distributor of drugs across the continent of Africa . Any advice for me? Am Currently a pharmacy student.
Start meeting medical store owners and wholesalers owners to get real-world knowledge and to make a good network.
Sir, how to get OTC medicine ??
I want to supply to medical store
In India majority of medical store owners are not clear on which medicines come under OTC (Over the counter). So first read all the legalities related to OTC medicines in India and then proceed. You can even sell a few OTC medicines on the general store so it will expand your reach.
The process of getting OTC medicine is the same. If you want to be the wholesaler then reach the company and if you want to open a normal medical store then contact the wholesaler.
hello sir,
I want to start a wholesale medicine business in Kanpur. I am having a space near wholesale medical market here.
Can I apply for loan and start this business, I can only invest 5 lakhs from my own and rest i will take loan.
Can you please suggest whether its suitable or not?
You can take the loan, the banks will happily give it to you. But taking a loan is a good decision or a bad one will depend on the market stats. I am not living in that area so cannot say anything on this.
Your success will depend on how good you are at market penetration and what are the current gaps between demand and supply. So calculate those factors first and then proceed.
Hello Sir, I want to open my own retail drug store. Could you please tell me what will be the overall cost and how to start it? I have my own Location and also I have 17 years experience as a Medical supplier. Could you Please Help me?
If you are into a city like Gurugram then you will need Rs 20-30lakh to start at a decent scale.
Sir, I am thinking to open a generic medicines wholesale dealership. I have 15 years of experience in Pharma companies. Where will I get the address of generic medicines manufacturing company?
Google the name of the company, then visit the official website of that company and you can see the address and other contact details from there.
Hello sir.
My Name is Nishikant Gupta from Sagar (MP).
I have completed B.pharma. How can I get a franchise of pharmaceutical company? Because in my city there is no pharmaceutical company. That’s why most of the pharma students go to another place for the job. And sir any other business like the contract of packaging or repackaging of their pharmaceutical products.
So please sir guide me how to get the franchise of branded pharmaceutical company.
Thank you
You need to pay the money to buy the franchise of any particular brand. Contact them and ask for the complete procedure. They will tell you about space required, availability of location, fees, the margin on profit, etc.
Sir,
Can I start a wholesale business with 7lac investment?
In a developed/ developing region, No. In the underdeveloped region, Yes.
Hi sir, I have completed Ph.D. medical pharmacology. So am I eligible to get a license for the wholesale agency and what would be the budget to start? I have my own property.
Yes, you are eligible. Budget depends on the location so cannot say anything on that.
Hi sir
I Am planning to be a stockist, my concern is which medicines brand will have better sales, which brands need to be ordered from the companies retailers, requirements etc..
How can I get information?
Contact nearby doctors and ask them to sell your brands or order those brands which they recommend.
Hi sir, my mother is a registered pharmacist. Can I start this wholesale business with her license?
Yes, you can start. Make her the main business owner to avoid any kind of future problems like rule change.
Sir, I have done bachelor of pharmacy in the year 2018. I committed to start a medical business at Vizag, Andhra Pradesh as it is my hometown. How much capital should I need to start the business?
I want to start medicine stockist point. I have 4 lakhs rupees. Can I start stockist point with this amount?
I want to start medicine wholesale business in Bareilly which is a two-tier city.
Dear Sir,
I am running medical stores from the last one year as a proprietor and recruited Pharmacist. Recently, I get my Bpharmacy Certificate and wants to apply PCI.
Can I get the license as a Pharmacist cum proprietor with the existing license?
What I need to do.
And at the same time, Pharmacist wants to establish her own firm.
Hi Ferdose, I am not the right person to tell you these details. You should consult CA for the same.
I want a medicine wholesale license in Rifle Happy Valley, Assam or near it in Shillong
Consult CA who is working in that area.
Hello sir,
I am a surgical distributor with a management masters degree. I am selling nondrug items for a year but I just came to know that my one item will be going under the drug category. I have a very small business, what can I do now?
Please consult your CA for this.
Please contact me. I want to start a new business in pharma.
Hello Sir, I’m planning to start a franchise distribution in Bangalore just needed to know how much budget will be required and what all licences should I have? I’m a pharma graduate.
Sir,
This is Satya Seelam. from Hyderabad, I have B.Tech (computers) degree, I am planning to start a medical distribution company. Is it possible?
I want to start pharma distributorship in dist. of Sirohi Rajasthan. I have 10 years experience in the retail sector and I have also experience certificate of 10 years, so can I start this firm? And how much budget is required for this location? I have no budget so I have to apply for a loan. So tell me what can I do?
If you do not have required medical documents which have been mentioned in the article then you cannot start.
Hello sir, I have a pharmacy retail shop but I also want to start a wholesale with my retail work. Could I start that wholesale work with the same shop that I have or will I need another store/godown?
If current space is big enough then you can use same place else you need to take another space. You also need to do some paperwork for wholesale approval.
Hello Sir,
I am already running a wholesale. Can I export my product(medicine) from India?
What is the procedure?
India is the biggest exporter of medicine so there is no doubt that you too can export. To start with, first, find out who will buy from you and then take medicine export license and proceed.
Hello Sir, currently I’m preparing for MBBS and I want to open a medicine company in New Delhi. I’m 18 right now and doesn’t have any idea about business. Can you help? And can you suggest some websites or something to learn more about business?
I appreciate your passion but if you want to start a business in medicine then first focus on your studies as currently, you don’t have field knowledge. Either study chemicals or MMBS that is completely your choice.
Don’t stick to any specific website or person, grasp diversified knowledge to be a great founder.
PS- Miracles never happen in 1 or 2 years, they took years of preparations, they just became visible in last 1 to 2 years which make a lot of confusion in normal people’s mind.
Hello sir, I want to start a wholesale pharmacy, I read your article and click on form 19 link but the site is down from 3 days. Please give me the form 19 format.
I don’t have it as of now, please talk to a local lawyer or CA, they will give it to you. As ultimately you have to ask so many things and going to need them in the later stage, why not to approach them initially. And if you will talk to them tactfully (behaving as a good prospect) then they won’t charge you for the form 🙂
Alternatively, you can wait for that website to load.
Sir, I have completed B.Tech and now I want to do my own business as medicine wholesaler can I do that? Can I get the license? Can you please help me?
Hey Sir, I have done masters in pharmacy, but rather than perusing teaching I am more interested in trading business. would like to know how to start the trading business of pharmaceutical products.
Hello sir,
Is retail store good or wholesale as I have B.Pharm degree?
If you have a good budget and network then go for wholesale otherwise for a retail store.
Hello sir, I want to start a wholesale agency of surgical products, how much investment will I need to start it? Can I start it along with my government job?
You cannot register any business on your name while having a government job.
I am M.pharma and FDA technical approved person in injectables with 9 years experience in the pharma sector. I want to start pharma distribution-ship. Please guide me how much investment is required to start the same in Navi Mumbai.
I am not sure about real estate rentals of Navi Mumbai, if they are equal to Gurgaon then you can start with 40-70 lakhs depending on the size and exact location of the shop.
Hi Lokesh,
Will you kindly provide information regarding agency and their address along with contact details. The agencies that sell medicines of popular brands like Alkem, Abbot, Cipla etc for resale. I own a wholesale business.
Such companies have monopoly business here and they refuse to entertain my orders.
Hi Sushil,
I won’t be able to help you in this because being an outsider I don’t know your field in that detail. But I would say go to companies (Cipla, Abbot etc) directly. These days many companies are are entertaining wholesalers directly instead of involving agencies in between. They might ask for bigger targets which you can manage by stretching yourself a bit and rest negotiating as per your resources.
I have a godown space and want to utilize it for medicine. I don’t have any pharma related experience or degree. Please suggest me how to start up.
How to open surgical items bushiness in low investment?
I am a medicine wholesaler. From where can I purchase the ethical brand at a very low price?
In private sector quality and the very low price doesn’t come together, it’s a myth. The max you can do is ask for a target to get a low price.
Hello sir, I want to start a medical shop. My wife had medical shop license but how much investment required for the medical shop? I have 5 to 6 lakhs in my hand.
If you want to start in suburban areas or in a village then Rs 5-6lakhs is enough to start. But if you want to start in a city then you will need around Rs15-25lakhs.
You can even apply for govt loans for some extra funds if you want.
Hello Sir,
I am looking to start a wholesale distribution for hormonal injectables mainly used for the IVF procedures. what shall be the license required for the same. Do I have to take an additional license for this?
I want to be a distributor/ authorized dealer of only cold chain medicine like onco inj. high priced injections or vaccines. Please guide me accordingly, what are the fundamental requirements?
I wanted to be a distributor/ authorized dealer of only cold chain medicine like onco inj. high priced injections or vaccines. Please guide me accordingly, what are the fundamental requirements?
Hi Sir,
I want to know few things about starting a medical wholesale business like
1. Whom should we approach or who will supply the medicines to the wholesale distributor?
2. What are the different levels of distribution in pharma?
3. What would be the budget you suggest to start the business?
4. What is the difference between a franchise and a wholesale distributor? Asking this question as I can see many questions regarding franchise in this blog
Hello sir,
I’m a B-Pharma graduate and I’m thinking to start an export business for surgical items, can you please tell me what should I start with. I was thinking to take one month course of export & import to get required knowledge first and then approach manufacturers but I’m afraid will they help or not? Please give your views on this.
You are going in the right direction, buy that course and learn as much as possible. But make sure you are buying the right course, sometimes people buy those courses which look fancy but are extremely poor with the content.
PS- Buy from those who instead of motivating you, help in clearing your vision. Here is the link
https://course.businessalligators.com/p/business-crux-1-0/
hello sir,
I wanted to start medicine distributorship. I have read all your comments, in one of the comment you have suggested to directly contact the companies, but what if they do not give any answer. I have tried to contact them, but they said we have already a distributor, so in that case what we have alternate option to start a distributorship business.
You have two options in this case
1. Ask the company, for which locations they can give distributorship, and if you are comfortable working in those locations then go ahead.
2. Search for companies which are still looking for distributors in your location.
I want Cipla & Sun Pharma distributorship, what is the process? I will definitely achieve their targets. Could anyone tell me?
I want to open up a C& F, can you explain the process involved and the idea of how much capital would be required?
I am from Jabalpur MP, I want to become wholesalers of Cipla, Alkem, Intas, Abbott. But don’t know how to start with these companies’ generics products. Company’s customers care is not supporting for this, Please help.
What is the % between MRP and wholesaler purchase rate (wholesaler trade price)?
It depends on medicine to medicine. No fixed percentage.
Hi, This is a nice post. Given me some insights.
I am looking to start a medical/healthcare devices business in my hometown. Here is a list of things which I am thinking of:
a. Drug License is compulsory for medical devices business also?
b. Where to look about which devices work well in the industry and which not?
c. What will be the initial set up the cost?
Thanks.
Would be nice if you can help me out with this.
I have the degree of m.sc chemistry can I start a medical company.
How many franchises of medicine company can one take at a time?
There is no such limit
I was planning a new business in coalification Bsc. chemistry I started medical agency but I don’t have any information for this business, guide me & presses of medical agency license process and legal document
Your comment is really confusing, please try to explain it again
Hello Sir. Thank you for your article. I am planning to start a distributorship of pharma products in my local town. But I am not aware of the stock I should secure from different pharma companies in order to take my business ahead. Can you please put forward your valuable suggestion on how to do it?
There are few ways by which you can do this
1. Medicine companies will tell you about the estimates
2. Medicine companies will give you a certain figure that you need to sell
3. You can decide yourself depending on the type of disease and incentive on the medicine.
4. Get the idea from your competitors
I cannot tell you any fixed number here, you need to make some estimation. To know more on this kind of estimation you can check my course. Here is the link
https://course.businessalligators.com/p/business-crux-1-0/
We have a good setup for the franchise network, and we support with all sorts of medicines, devices franchise setup. Connect with us
I have completed my B.Pharma degree, my city is mid-developed, and I have an excellent network. My father is a doctor, and his network is also outstanding. So can I start a wholesale business in 15 lack rupees?
I am an electrical engineer. I am thinking to enter in a partnership with a friend for a medicine stockist agency in Nashik. Could you please tell me the profit margins, investment needed, and what share of profit should I demand being a sleeping partner?
Thanks.
There is no formula to decide such things; it’s about your mutual understanding.
Sir, I want to start a wholesale medical shop, I have completed MSc from industrial chemistry, and I have one year experience from Tewa API company as a chemist in the quality department and also have 18-month experience in the wholesale medical shop. So can I open a wholesale medical store and what is the process, like the area of the shop and other things? Please tell me the details.
Yeah, you can start this business, and details are already mentioned in the article.
We have a valid drug license, our premises in a premier market complex (Total 1200 sq feet of commercial space), we have all furniture and computer, etc. What is the minimum investment required to stock wholesale medicines to have a decent start in medicine wholesale business in Bhubaneswar? The question is what is the minimum amount of investment required to stock as well as distribute medicines (Including the credit cycles from both the retailer and stockist side).
I have never been to Bhubaneswar, so cannot tell you exact figures. But if you can relate it with Gurgaon/ Delhi then here in similar conditions, you will require approx Rs 40lakhs. So this is the amount which is going to remain either in the market or in the form of medicine stock.
I want to start medicine wholesale.
I want to start a wholesale medicine business in Dhanbad, Jharkhand. I have space near the wholesale medical market here. I have 8 years of experience in medicines, and I have 25 lakhs at present without loan so, kindly advice me and suggest company distributor where I can purchase required medicines.
Which degree is required for starting a medicine wholesale business? Can a commerce graduate having 1-year experience can start this business?
HelloI am a registered pharmacist by the pharmacy council of India in Punjab, Amritsar and I want to start my wholesaler shop. What is the procedure for it and can I start this business with 10 lacs because I have my shop for this business?
I am a pharmaceutical wholesale dealer. Now I want to open my shop branches in other cities. Can I open my branches of the dealership in other cities?
Hello, I want to start an online pharmacy in India. Can you guide me?
Can you please suggest some good generic medicine manufacturers for a fresh wholesale distributor (just 18 months of experience), will the company provide representatives for their medicine?
Hello Sir, I already have a GENERIC MEDICINE DISTRIBUTION BUSINESS IN MUMBAI, & its been working fine from the past 2.5yrs, but m facing 2 issues which I think I should share it with u, maybe with your valuable knowledge & experience I would overcome these obstacles-
1) The issue regarding the PAYMENT RECEIVABLE from the Retailers, usually we provide 30days credit to the retailers against the GENERIC MEDICINES, but as the competition has increased the CREDIT Time also has increased & currently, we are finding it difficult to recover the payments even within 90 days which has become one of the worst parts of GENERIC MEDICINE DISTRIBUTION.
2) Scaling up the BUSINESS, We are searching for options in which we can scale up this business, would kindly request u to guide us on the various options available through which we can expand this type of business.
Waiting for your response. Thanking you………
Sir,
I would like to start a medical store in and around Kolkata, but I have no previous experience in the said business. As a newcomer in this industry, I would like to seek your solemn guidance regarding the key elements which should be considered at inception for the said startup.
Regards
Arnab Das
Money is in the market gap, so do check it in your targeted area before entering into the business.
I want to start a generic medicine business in India. Please help me to start this business.
I have recently started the business. Need help with procurement. Please share contact details, I would like to discuss with you. I have shared my email id.
precious & helpful
Hi! I am a doctor, pursuing MD from Delhi.
I read your article, you’re sharing good information and it’s really helpful.
But there’s a question coming to my mind that after getting a license and after investing this handsome amount from where will we get the medicines or any drug and at what price? If we have to deal with different companies of drugs then please make an article with the list of all these companies with their contact information.
Please let me know ASAP.
Thank you
I am Prateek Kashyap from Paonta Sahib Himachal Pradesh distt. Sirmaur. I want to start a wholesale business in Ayurveda. Currently working in pharmaceuticals as an SAP Executive.
Please guide me on how can I start?