Is wholesale medicine business profitable?

The medicine wholesale business has a good profit margin in the pharmaceutical industry. A stockist’s margin is approximately 6-10% at branded medicines and 8 to 15 percent at generic medicines.

How can I open a wholesale medical store in India?

Documents required for Drug license

  1. Covering letter signed with the name and designation of the applicant.
  2. Challan of fee deposited.
  3. Declaration form in prescribed format.
  4. Key plans for the premises.
  5. Site plan for the premises.
  6. Affidavit of proprietor, partner, and pharmacist etc.
  7. Freezer purchase bill with address.

How do I become a medical distributor?

Documentation requirements

  1. Application form (in the prescribed format)
  2. Covering letter with name and designation of the applicant.
  3. Copy of the challan issued after depositing the fee for drug license.
  4. Declaration form (in the prescribed format)
  5. Site plan and key plan (blueprint) of the premises.

How do I become a stockist of Cipla?

You can either apply for stockist ship at company office through e-mail, post or massage or phone or can approach sales team for distribution of company to you. If there will be any requirement of stockist then they will consider your candidature. Company will forward your query to its field staff, generally to RSM.

How do I start a pharmacy wholesale?

Following documents are required:

  1. Application form filled in the prescribed format.
  2. Covering letter of the applicant.
  3. Challan of the fee deposited.
  4. Declaration plan.
  5. Site plan, key plan, and possession certificate of the business premises.
  6. Proof of ownership of the premises.

How can I get wholesale drug license in Maharashtra?

Required Documents[edit]

  1. The certificate of incorporation or registration.
  2. MOA & AOA or Partnership deed / LLP agreement.
  3. Pan card.
  4. Aadhar card.
  5. Age proof.
  6. Cancelled cheque (for bank account detail requirement)
  7. List of directors.
  8. ID and address proof of director.

How do I start a medicine shop wholesale?

How do I start a wholesale medicine business?

Firstly, you need to look for a premises/shop/plant for your business. Once you found the one make a rent agreement if you do not have one of your own. Then you need to connect to the pharmaceutical companies or C&F for Distributorship or stock ship. Finalize the deal with Pharmaceutical Company.

Which wholesale business is profitable?

20 Most Profitable Wholesale Business Ideas in India for 2022

  • Wholesale in Textiles.
  • Agrochemical Business.
  • Furniture Wholesale Business.
  • Organic Food Wholesale Business.
  • Ayurveda Products Wholesale Business.
  • Stationary Wholesale Business.
  • Children’s Toys Wholesale Business.
  • Kitchen Utensils Wholesale Business.