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  • Area Req
    1000- 5000Sq.ft
  • Investment Range
    INR Rs. 10lac - 20lac
  • Franchise Outlets
    10-20
Business Details

When Dr. Madhukar Gangadi came across a WHO report indicating that up to 30% of the fake medicines sold across the world came from India, he decided to study the Indian pharma retail market and sensed an opportunity to make a difference. He envisioned a company that would source all its medicines from reliable, big name suppliers, store medicines in optimal conditions to ensure their efficacy and take the risk out of buying medicines, give customers convenience to buy their medicines and value for their money.. The result was MedPlus.

The first MedPlus pharmacy store opened in February 2006 in Hyderabad and over the last decade has grown into the second largest pharmacy retail chain in the country with over 1500+ pharmacies throughout India. Medplus today serves over 3,50,000 customers daily and employs over 10,000 people.

Our online pharmacy & general store, MedPlusMart.com, launched in 2015 has quickly grown to become the biggest e-Pharmacy in the country today. Through MedPlusMart, customers can buy medicines, OTC products, FMCG and nutrition products from the convenience of their home or through mobile, read important information about medicines, store their health records, view their prescription history and redeem rewards.

We have come far but will continue to strive to improve ourselves everyday and aspire to be India's favourite healthcare provider with the highest standards of service excellence.

Investment Details

Commenced Operations

Operations Commenced On 2000

Franchising / Distribution Commenced On 2008

Franchise Details
Units

Investment INR Rs. 10lac - 20lac

Royalty/Commission Rs. 10lac - 20lac

Expansion Locations
stateWise

Med Shop India

North

Delhi,Haryana,Himachal Pradesh,Jammu and Kashmir,Punjab,Uttaranchal,Uttar Pradesh

West

Gujarat,Rajasthan,Maharashtra,Goa

East

Assam,Meghalaya,Mizoram,Tripura,Arunachal Pradesh,Manipur,Nagaland,West Bengal,Sikkim,Odisha

South

Kerala,Karnataka,Tamil Nadu,Andhra Pradesh,Telangana

Union Territories

Andaman and Nicobar,Pondicherry,Chandigarh,Lakshadweep,Daman and Diu

Franchise Details

Anticipated percentage return on investment 10%

Likely pay back period of capital for a unit franchise 7

Other investment requirements 50000

Property Details

Type of property required for this franchise opportunity Commercial

Floor area requirement 1000 - 5000Sq.ft

Preferred location of unit franchise outlet Noida

Training Details

Detailed operating manuals for franchisees No

Franchisee training location Noida

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? Life

Is the term renewable? Yes



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