How to start a cardiac-diabetic PCD franchise in India: If you are planning to start a pharmaceutical business, we have an amazing idea and opportunity for you. PCD stands for propaganda cum distribution, which involves sales and marketing of medicines or therapeutics in a specific territory. If you are a healthcare expert, pharmacist, wholesaler/retailer, or even an entrepreneur, you can start this business. You can start a business in a segment-specific PCD pharma, for example, dental, cosmetic, ayurvedic, cardiac-diabetic, and more.
cardiac-diabetic is a profitable pcd-pharma business segment because there is a constant requirement of medicines for the heart and diabetic problems. In India, a large amount of the population is of old age due to a stressful and sedentary lifestyle. Also, the medicines of the cardiac-diabetic range are a lot higher than general medicines. there are various other reasons why it is more beneficial than other medicines.
In this article, we will provide a guide to starting a cardiac-diabetic PCD pharma franchise in India.
Benefits of cardiac-diabetic PCD pharma franchise
- High number of patients: as mentioned, cardiovascular has significantly increased due to sedentary lifestyles, unhealthy diets, and daily stress. This problem is specifically increasing in India. This is also because of the high number of elderly patients.
- High-profit margin: cardiac-diabetic medicines have a higher price than generic and general medicines. Therefore, it also increases the profit margins.
- Wide range: cardiac-diabetic pharma consists of a wide range of products such as tablets, capsules, syrups, and injectables.
- Promotional and marketing support: PCD pharma franchises are provided with promotional and marketing support such as flyers, pamphlets, posters, product portfolios, visiting cards, etc.
About cadbless
Cadbless is a leading pharmaceutical company; we are committed to finding solutions for cardiac and diabetic problems.
Our solutions are backed by field experts, ethical business values, and innovation. We formulate our products according to modern therapeutic demand while maintaining the high standards for quality and compliance. We have 10+ years of experience, 2000+ brand products, and more than 35 segments.
Why choose cadbless for a cardiac-diabetic PCD franchise in India?
- Experience: cadbless has more than 10 years of experience in making cardiac-diabetic medicines.
- Wide range of products: cadbless has a wide range of products to treat cardiac and diabetic problems. It includes tablets, capsules, syrups, and injectables.
- Logistics: logistics are some of the important factors for any PCD franchise for timely supply of the products. We have on-time delivery of the products and medicines.
- Innovative solutions: We have innovative formulations for different cardiac-diabetic problems.
- Quality certified: Our products are certified by WHO, ISO, and GMP, which makes them safe and efficient to use.
- Monopoly rights: We provide exclusive monopoly rights to our partner PCD pharma franchise for selling and marketing rights in a specific territory.
Steps to start a Cardiac-diabetic PCD pharma in India:
Here is a guide on how to start a PCD pharma franchise in India.
Do your research:
Know everything about the Cardiac-diabetic PCD pharma franchise in India; choose your territory. Knowledge about the demography that needs cardiac-diabetic medicines is important; have some insights from your local hospitals, doctors, and physicians.
Choose the right company:
You need to research the company that you want to join as a PCD pharma franchise, here are some of the things that you need to keep in mind while choosing the PCD pharma franchise company.
Quality certified: check if their products are certified by WHO, GMP, or ISO. It ensures the quality and safety of the medicines.
DGCI-approved formulation: the formulation of the medicines should be DGCI-approved, which is necessary for the safety and reliability of the product.
Timely product delivery: it is very important to look for their logistics support so that you can have the stock on time.
Promotional support: check if proper promotional support is given to the business for selling their product.
Monopoly rights: monopoly rights are important because they give you exclusive rights to sell their product in a specific territory. There should be no other competitor selling the product of that same company in the area.
Paperwork required
Here is a list of the paperwork that is required to start a cardiac-diabetic PCD franchise
- Drug license: a drug license is a legal document given to a business owner by the state to sell the drugs in a specific area. You can register your business through the online drug licensing system.
- GST registration: GST registration is important to legally register your business because it authorizes your business to collect tax, claim tax credit, and you can trade across state without penalty.
Investment required:
Here is a chart for the investment you will need for starting a Cardiac-diabetic PCD pharma
| INVESTMENT COMPONENT | |
| Initial stock | ₹80,000 – ₹150,000 |
| Drug license | ₹15,000 – ₹25,000 |
| GST registration | ₹500 – ₹2,000 |
| Promotional material | ₹20,000 – ₹40,000 |
| Doctor detailing and sample | ₹15,000 – ₹30,000 / Month |
| delivery | ₹10,000 – ₹20,000 |
| Working capital | ₹40,000 – ₹80,000 |
| Total estimated investment | ₹150,000 – ₹300,000 |
Select range of products:
Select the right range of products for selling medicines; a cardiac-diabetic range includes:
- Anti-diabetic formulation: anti-diabetic formulations to treat type 1 and type 2 disease
- Anti-hypertensive medicines: these are for blood pressure; they include telmisartan, amlodipine, cilindipine, etc.
- Lipid-lowering agents: These are for cholesterol and lowering the risk of cardiovascular
- Antiplatelet and anticoagulant formulations: these include Clopidogrel, Ticagrelor, and aspirin for preventing heart stroke.
- Combination therapies: these include specialized multi-action drugs for heart failure and diabetes.
Build a network.
Build a good network with hospitals, physicians, doctors, or your local wholesaler and retailer. It is important to make your PCD business more reliable and trustworthy for people to use. It is important to increase the sales of your products
Common mistakes made by new cardiac-diabetic PCD pharma franchises
- Not checking ISO, GMP, and WHO certification by the government.
- Ignoring demands of the market and buying stock of products accordingly.
- Ignoring monopoly rights, which means ignoring the terms and conditions of monopoly rights, which may include overlapping with competitors’ distributors.
- Ignoring quality over price, franchises often ignore quality such as manufacturing standards, availability, company reputation, and customer service over the price of the product.
Conclusion
This was a detailed guide on how to start a cardiac-diabetic PCD pharma franchise in India. We mentioned all the required steps, which included paperwork, certification, investments, and other important factors to start a cardiac-diabetic PCD pharma franchise in India.