India is one of the most diverse markets for any company. With technological developments and increasing competition, it has become extremely hard to stand out from the crowd the number of new Pharma companies that are operating in the country is growing at a rapid rate, which makes it extremely hard for any individual or company to stand out from the rest. In case you are planning to start a franchise business, here are some things that you need to know about it. We are bringing you the list of top 10 Pharma companies in India. There are several things to consider before starting a franchise business. PCD refers to the Propaganda cum Distribution. In the Pharma industry, PCD is one of the most successful and highly used forms for marketing and distribution rights. In other words, PCD (Propaganda cum Distribution) is a franchise business.
And a franchise business is, when a company gives permission to a person or other company to sell their products by their name. It is called franchising a business. Generally, the franchise works in the line with the principles and work ethics followed by the company that permits it. Benefitting from the PCD Pharma Franchise Company in India today is not just a means of business success, it’s also a way to earn a substantial income. There are currently ten pharma franchise companies in the country that have averaged around Rs. 13 Crore ($2.5 million) each annually over the last 5 years, with a minimum investment of Rs. 10 Lakhs ($160,000). In addition to this, all Pharma Franchise Companies have been granted monopoly rights, which is why they have had no external risks from other franchisees.