Discover Business Opportunities with Pharma Franchise in India
India is a leading global provider of generic drugs with a reputation for producing cost-effective vaccines and generic medications. The Indian pharmaceutical industry currently holds the third spot for pharmaceutical production by volume after experiencing steady growth over the past nine years, with a CAGR of 9.43%. As of 2021, the domestic pharmaceutical market in India amounted to US$42 billion. This figure is estimated to increase to US$65 billion by 2024, and by 2030, the industry is expected to expand even further, reaching a market value of US$120-130 billion.
The growth of the Indian pharmaceutical industry has opened up a new opportunity for investors to take advantage of this lucrative business option. Here are some reasons why a pharma franchise offers a great business opportunity in India:
High success rate
The pharmaceutical industry is rapidly growing in India, providing excellent business prospects across the country, even with minimal investments. The numbers and statistics mentioned above indicate that the pharmaceutical industry is an attractive and profitable venture for any entrepreneur.
More opportunities
The pharmaceutical business provides a lot of opportunities for growth and development. Associating with a reliable pharma company gives you a more noteworthy introduction and access to a wide range of products. This makes it easier to stay up-to-date with new trends in the market and expand your business.
Easy accessibility
This franchise provides easy accessibility to medicines and drugs across India. You can also easily access medical representatives and doctor referrals, making it easier to promote the products and services of your pharma franchise.
The potential for growth in the Indian pharmaceutical industry is immense, making pharma franchises an attractive business opportunity. Vibcare Pharma is a growing company in India that strives to promote improved access to superior medical care by creating, producing, and marketing cost-effective pharmaceutical products for both domestic and international markets such as Africa, the CIS region, and South Asia.
Go ahead and discover the lucrative business opportunities with a pharma franchise in India today with Vibcare Pharma. No matter how small or large your investment plan is, you will surely find immense success with this venture.
Top 10 PCD Pharma Companies in India - 2023 List
Top 10 pcd pharma companies in India
The pharma business in India ranks third position in the world in terms of volume and fourteenth in terms of value. According toIBEF report, the pharmaceutical sector was valued at US$ 33 billion in 2017. The country’s pharmaceutical industry is expected to expand at a CAGR of 22.4 per cent over 2015–20 to reach US$ 55 billion.
India’s pharmaceutical exports stood at US$ 17.27 billion in FY18 and have reached US$ 19.14 billion in FY19. Pharmaceutical exports include bulk drugs, intermediates, drug formulations, biologicals & herbal products and surgicals.
Indian companies received 304 Abbreviated New Drug Application (ANDA) approvals from the US Food and Drug Administration (USFDA) in 2017. The country accounts for around 30 per cent (by volume) and about 10 per cent (value) in the US$ 70-80 billion US generics market.
India's biotechnology industry comprising bio-pharmaceuticals, bio-services, bio-agriculture, bio-industry and bioinformatics is expected grow at an average growth rate of around 30 per cent a year and reach US$ 100 billion by 2025.
When it comes to pcd pharma companies, things are a little bit different and is challenging to find out how credible or reputed a company is because there is no trusted guide available on the internet. Some reputed lists like Indiamart.com show list based on packages.
They charge Companies Lakhs of rupees to display their name on the top, the problem here is that they do not do a thorough check for the company they are calling "Industry Leader."
We wanted to show you a genuine comparison between the top pcd pharma companies.
Here is the list of top 10 pcd pharma companies in India which provide good pcd pharma franchise.
Year of Establishment: 2013 Legal Status of Firm: Private Limited Company. Certifications: ISO 9001:2008 Company Rating - 9.5/10 Location - Panchkula, Haryana.
Vibcare Pharma is the Industry Leader when it pcd pharma companies as they have over 1000 Active pcd pharma franchise all over India. They are a technology driven company which strives to set new benchmarks in the industry.
They believe in providing best in class service and promotional material to boost your productivity and business.
All of their products are manufactured in WHO-GMP Certified plants which means that they are of the highest standards. They offer one of the best promotional inputs in the industry.
Year of Establishment: 1994 Legal Status of Firm: Public Limited Company. Certifications: ISO 9001:2000, CGMP. Company Rating - 8.5/10 Location - Karnal, Haryana.
They are one of the oldest companies. They have been providing PCD Pharma franchise in India since 1994.
Engaged in manufacturing, exporting and supplying a diverse array of Pharmaceutical Medicines. Zee involves in export of medicines with almost 20% of their turnover coming from international markets.
3. Auspin Pharma
Year of Establishment: 2015 Legal Status of Firm: Private Limited Company. Certifications: ISO 9001:2008 Company Rating - 9.5/10 Location - Panchkula, Haryana.
This company is a sister concern of Vibcare Pharma and is run on the same ideology. They also have been providing PCD Pharma franchise in India. This company was started to cop-up with the increasing demand in bigger markets like Maharashtra, Andhra, and Telangana.
They offer products of the same quality as Vibcare pharma and this being a new company in the market customers have a better pharma franchise opportunity in achieving a higher rate of growth.
Year of Establishment: 1995 Legal Status of Firm: Public Limited Company. Certifications: ISO 9001:2008 Company Rating - 9/10 Location - New Delhi, NCR.
Although Mankind Pharma came into existence in 1986, it wasn't until 1995, they actively started working as a fully integrated pharmaceutical company.
In the Year 2015, they started providing pharma franchise in India and are now among the best pcd pharma companies. This pcd pharma companies list would have been incomplete without Mankind Pharma.
5. INTRA LIFE
Year of Establishment: 2011 Legal Status of Firm: Private Limited Company. Certifications: ISO 9001:2008 Company Rating - 8/10 Location - Bengaluru, Karnataka.
They Started in 1981 as Intra Labs and 2011 They Separated from the main company to form Intra Life.
IntraLife has a very comprehensive product range of over 1500 Products and has a Pan India presence. With divisions like Doxis Laboratories, Cutis Derma Care, Inhalers, Intra Care, Intra Ayurveda and Life Caps they cover almost all the therapeutic segments.
In 2016 They launched SAMARPAN FOUNDATION' as a part of their Corporate Social Responsibility, with a mission to uplift the poor and disabled children and to tackle the issues that impact society.
6. Zota Healthcare
Year of Establishment: 2000 Legal Status of Firm: Public Limited Company. Certifications: CRISIL Rating - SE 1A, ISO 9001:2008, WHO Company Rating - 8/10 Location - Surat, Gujrat.
Zota Healthcare Provides Ayurvedic Syrup, Pharmaceutical Tablet, Pharmaceutical Capsule, Pharmaceutical Granules, Ayurvedic Capsule, etc. Based out of Gujrat Zota has Grown at an impressive rate thanks to their philosophy of Innovate and Excel. They have a remarkable R&D Program because of which they have received eight patents in India.
They are leading pcd pharma companies in India and provide excellent quality pharma franchise. In April 2017, Zota successfully launched their IPO, currently listed in NSE SME.
7. Talent HealthCare
Year of Establishment: 2004 Legal Status of Firm: Partnership Firm. Certifications: ISO 9001:2008 Company Rating - 7.5/10 Location - Haridwar, Uttarakhand
Talent Healthcare is Ahmedabad-Gujrat Based Pharma Formulation Mfg. The organization has two detailing units at Ahmedabad and Sidcul-Haridwar, Uttarakhand.
They are a sister worry of Talent Laboratories which was begun in 1993 in Gujrat. They Manufacture Tablets, Capsules, Dry Powder syrups and infusion dry powder vial.
Talent among the top 10 pcd pharma companies in India and provide Third party manufacturing service to other pharma companies in India. Listed as Industry Leader in pcd pharma company category of Indiamart.com
8. Leehpl Ventures
Year of Establishment: 2011 Legal Status of Firm: Private Limited Company. Certifications: ISO 9001: 2008 Company Rating - 8.5/10 Location - Nagpur, Maharashtra.
They have quickly gained the reputation as an export-oriented company, Leehpl focus on providing pcd pharma franchise in India. Started in 2011 by Mr. Jeetendra Belani they have significant Business interests in countries like UAE , UK, Singapore Etc. Apart from Providing a good range of NSAIDs, PPIs, Nutraceuticals they provide niche product ranges including Anti Asthmatic, ED Products, Eye care, Epilepsy Medication, HIV Medication, Infertility drugs etc.
9 DM Pharma
Year of Establishment: 1999 Legal Status of Firm: Partnership. Certifications: ISO 9001: 2008, WHO, GLP Company Rating - 9/10 Location - Chandigarh, Punjab.
DM Pharma started as a manufacturer. They deal in therapeutic segments such was antipyretic, anti-inflammatory, antibiotics, cardiovascular, antilipidemic, Antibes, muscle relaxant, immunosuppressant, antimalarial and anti-infective, etc.
With their acquisition of companies like Saar Biotech and Rainbow human care, they have expanded their manufacturing capacities many folds. They have over ten pcd pharma franchise Divisions and deserve to be on the list.
10. Cubit Healthcare
Year of Establishment: Unknown Legal Status of Firm: Partnership. Certifications: Unknown Company Rating - 7/10 Location - Ahmedabad, Gujrat.
They Focus primarily on providing pharma pcd franchise in India and have a good reputation among other pcd pharma companies. Cubit several pcd pharma franchise divisions which focus on therapeutic segments like Psychiatric, diabetic, optho care, derma, oral and gynae products.
We hope you liked our top 10 pcd pharma companies in India 2020 List.
Conclusion
Join the best PCD Pharma Companies in India! They offer reasonable value rates of pharmaceutical products in all the places of India. Selecting right company to get successful business is very important for good growth as well.
Reasons for The Growth of Pharma Franchise In India
With the increase in competition, it has really become tough for the new companies to enter into the current pharmaceutical manufacturing market. Even if they manage to enter into the business, most of the companies do not possess the required resources to sustain their business. The resources are not always the confined to the raw materials and technology. It also includes proper operational, managerial and marketing skills. Even if the company make use of resources and technology if they don't have the correct strategy and measures to implement they will not gain enough profit. The marketing and operational skills can be developed with time, but then the lack of resources can hurt your company very badly. So, if you have all the marketing and operational skills, but you do not posses enough resources, you can look out for a pharma franchise in India company offering to establish the setup branches.
In spite of opening up a new business, you can take the reforms of the Pharma companies, and you can avail their offers. These reputed pharma companies can offer all their resources and technology, but before making the deal they will put a check on lots of things like you should have some brief knowledge about your location and the also about the available resources and the norms imposed by the government of the region. If you qualify the complete process, then the parent companies will give you the authorization of a pharma franchise in India.
There are lots of reasons why the Pharma companies are looking to expand their market in the new areas because:
Growth of the business: Most of the companies are looking to expand their business boundaries across international borders. The process is quite complicating as the owners are required to go through the rules and regulations of the particular country and hence that's why they are looking to establish the franchise business.
Exploring new markets: Pharma franchise company is usually registered in search of new markets and delivering the solutions to it. It helps in improving the service and increases the brand name of the business.
Utilizing new resources to the best of its use: Some companies are also looking to establish their franchise business in a search for new resources. Utilization of new resources can help in producing better solutions.
Delivering new products: Growth of business completely depends on the changes made on the type of products manufactured. To avail, the change setting up of the pharma franchise company has been forced.
The advantages of the franchise industry include:
Quick startup: The franchise companies are only concerned in increasing the growth of their business and the brand name by delivering the required service. Hence most of the companies are focused on quick startup of their setup.
Quick business expansion: Opening up of a pharma franchise company in any location can be advantageous because at the initial stage the products manufactured are as per the local resources and with time the company can make use of their personal resources blended with the local supply that leads to the expansion of the business.
