How to start your own pharma company business with low investment

Business opportunity with low investment in Pharmaceutical Industry : Under the current Post Covid situation many of us are left job less or with very small fund to invest in a business. Pharmaceutical industry is a good opportunity for starting your own pharma business with very little investment. If you are having some good network in the healthcare industry – links with Doctors, Health Professionals, Hospitals, Nursing Homes etc then you can utilize this as a good opportunity. However there are few questions that comes into your mind while starting a business as an entrepreneur. We have tried to answer few based on our experience in the Industry :

1. What is the minimum investment required to start a pharma business.

It depends on which path you choose and which company you are associated with. Franchise Business have the least of Investment as you can make use of the company experience and popularity in establishing yourself. You dont have to bother about the criticality of the manufacturing process. Only focusing on what gives you return that is sales and sales. You have to collect orders and pass-on to us and sale it in your region with complete monopoly at the best profitable price. You are your own boss.

2. What is the legal formalities to start the business.

You should be having your own DL and the GST number. Most important licenses and registrations are

Wholesale Drug Licence number (D.L. No.)
Goods and Service Tax ( GST ) Registration
Voluntary but necessary licenses and registrations are:

Company or Firm Registration
Trade Mark registration
FSSAI Registration

Documents required for applying for GSTIN:

Digital Signature Certificate (Class II)
Address Proof of Business Entity
Proprietor/Partners/Directors Address Proof
Aadhaar Card, PAN and Image etc
Ownership Proof or Rent agreement
Partnership deed or memorandum of association/certificate of incorporation
Back Statement and Bank Detail

3. What is the advantage of associating with Innovexia Lifesciences Pvt Ltd ?

The company is a well established company having very long experience and deep penetration in the pharma industry. The company has a wide range of over 500+ products under different segments catering to the needs of Caridac Diabetic, Ortho Segments, Dental Range, Dermaceutical range, Padiatric Range, Herbal and Ayurvedic Range, Urological and other General Range. The company has a very lucrative promotional plans and can assist you with gifts and samples including MR Bags, Visual Aids, Sample products etc. Also we have strong transport network and tie up with good courier companies to get our product shipped on priority basis ensuing the product is delivered on time and in good condition. We manage a good track from order to shipment to maintain the on-time delivery as per the promised scheduled. Our Customer Support team is available all time to help you in case you have any issue.

4. Do you have GMP WHO approved manufacturing units ?
We have well maintained manufacturing facilities in Baddi who are in compliance with the requirements of GMP / WHO for Drug Industry. Also the units have other legal and statuary requirements which is required. Feel free to discuss with us in case you need some clarifications.

5. How to contact you ?
We are available on all communication channel, you can visit the contact us page to find our contact details or you can submit enquiry and our customer support team will be in touch with you within 24hrs. Our head office is located in SAS Nagar Mohali which is about 5 kms from Chandigarh International Airport and about 50kms from the Baddi Manufacturing Hub of Pharmaceutical Industry.