MedPlus Franchise in India: Eligibility, Application, Benefits & More

India’s pharmacy market is booming with a value expected to reach USD 130 billion by 2030. If you’re looking to tap into this ever-growing sector, taking a MedPlus franchise could be your golden opportunity. MedPlus, established in 2006, is one of India’s leading pharmacy chains, with over 2,000 stores across the country. This article will guide you through the eligibility, application process, investment, benefits, and much more related to owning a MedPlus franchise in India.

What is a MedPlus Franchise?

MedPlus offers a retail pharmacy franchise model where individuals or businesses can operate under the MedPlus brand name. The franchisee sells pharmaceuticals, over-the-counter (OTC) products, wellness items, and more, while leveraging the brand’s technology, supply chain, and training systems.

Why Choose a MedPlus Franchise?

Here’s why investing in a MedPlus franchise makes strong business sense:

• Trusted Brand: MedPlus is India’s second-largest pharmacy chain.
  
• Established Supply Chain: Robust backend system ensures timely inventory replenishment.
  
• High Repeat Customer Rate: Due to trust in generic and branded medicines.
  
• Omni-Channel Business: Offline store + Online order fulfilment = More revenue streams.

Eligibility Criteria for MedPlus Franchise

To qualify for a MedPlus franchise, you need to meet certain basic requirements:

• Minimum Investment: Around ₹12–15 lakhs.
  
• Retail Space: Minimum 300–400 sq. ft., preferably on a ground floor with good footfall.
  
• Educational Qualification: Not mandatory, but having a background in pharmacy or business is helpful.
  
• Pharmacy License: Either the franchisee or a registered pharmacist must hold a valid drug license.
  
• Commitment to Business: Full-time involvement is highly recommended for success.

MedPlus Franchise Investment Breakdown 

Total Estimated Investment | ₹12,00,000 – ₹15,00,000 | Depending on location, size, and setup preferences 

Application Process for MedPlus Franchise

Follow these simple steps to apply:

1. Visit the MedPlus Franchise Website
   
2. Fill out the Franchise Inquiry Form: Provide your contact and location details.
   
3. Initial Screening: The MedPlus team evaluates your application.
   
4. Meeting & Proposal Discussion: A face-to-face or virtual meeting to discuss expectations.
   
5. Site Inspection: The MedPlus team inspects your chosen location.
   
6. Agreement Signing: Once approved, sign the franchise agreement.
   
7. Training & Setup: You’ll undergo training, and the store setup begins.
   
8. Launch: MedPlus supports you with marketing and stocking before your official opening.

Documents Needed for MedPlus Franchise 

1. Personal Documents

• PAN Card
  
• Aadhar Card or Voter ID
  
• Passport-size photos
  
• Proof of address (like an electricity bill or rent agreement)

2. Property Documents

• Shop ownership papers or rent agreement
  
• NOC from landlord (if rented)

3. Licenses & Registrations

• Drug License (must-have to sell medicines)
  
• GST Registration (for billing and tax)
  
• Shop & Establishment License
  
• Trade License (from local authority)

4. Financial Documents

• Last 6 months’ bank statement
  
• Income Tax Return (last 2–3 years)

5. Pharmacist Documents 

• Pharmacy degree certificate (D.Pharm or B.Pharm)
  
• Pharmacy registration certificate

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Benefits of Owning a MedPlus Franchise

Here’s what makes a MedPlus franchise a smart business move:

• Low Operational Risk: Proven business model reduces startup risk.
  
• Strong Brand Recall: Customers trust MedPlus for quality and affordability.
  
• Technology Support: POS systems, inventory tracking, and online order fulfilment.
  
• Bulk Purchase Discounts: Better margins due to centralised procurement.
  
• Online Orders & Walk-ins: Dual income sources.
  
• Marketing Assistance: National branding campaigns + local marketing help.
  
• Training & Guidance: Continuous support from experts for store operations.

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Key Takeaways

• MedPlus is one of India’s fastest-growing and most trusted pharmacy chains.
  
• Low-risk business due to an established system and strong brand presence.
  
• Investment ranges between ₹12–15 lakhs.
  
• Offers both a walk-in customer base and online sales opportunities.
  
• Full setup, training, and technology support is provided by MedPlus.

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Conclusion

The Indian pharmaceutical sector offers great long-term growth, and partnering with a leading name like MedPlus can put you on the fast track to retail success. Whether you’re an aspiring entrepreneur or an investor looking for a reliable business, the MedPlus franchise model offers security, scalability, and solid returns. With a relatively modest investment and robust brand support, it’s a great entry into India’s healthcare and retail landscape.

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Frequently Asked Questions (FAQs)

1. How much does a MedPlus franchise cost in India?

• Approx ₹12–15 lakhs including stock, interiors, and franchise fee.

2. Is a pharmacy license mandatory for the MedPlus franchise?

• Yes, either you or a partner must hold a valid drug license.

3. Can I apply for a franchise without a medical background?

• Yes, but hiring a registered pharmacist is mandatory.

4. How much profit can I earn from a MedPlus franchise?

• Monthly profits can range from ₹80,000 to ₹1.5 lakhs, depending on location and sales volume.

5. How long does it take to set up a MedPlus franchise?

• Usually 30–45 days after final approval.

6. Do I need to manage inventory myself?

• No, MedPlus provides tech-driven inventory support and auto-replenishment.

7. Does MedPlus offer marketing support?

• Yes, including national campaigns and local promotional materials.

8. Can I own multiple MedPlus franchises?

• Yes, based on your performance and area availability.

9. Are there any royalty fees?

• Usually, MedPlus charges a nominal service fee, but specifics are shared during onboarding.

10. How do I contact MedPlus for a franchise?

• Apply online at medplusmart or call their franchise support.