08/05/2015

WhatistheminimuminvestmentrequiredtostartupachemistinMumbai?Quora

By'chemist'IamassumingyouwanttostartapharmaceuticalretailshopinIndia.
1.Youneedaregisteredpharmacistfulltimeforyourshop
2.DruglicensefromstateFDAauthorizingyoutostockandtradepharmaceuticals
3.VATregistrationwithlocalsalestaxdept
4.Registrationofyourpremises(rentedorowned)underShops&EstablishmentsAct
5.Acomputersystemwithsoftwarewhichmaintainsinventoryandgeneratesinvoices
Onceyouhavetheinfrastructureinplace,youcanconnectwithlocaldistributorsforeach
companywhowillsellyougoodsandyoucanthenbuildupaninventory.Thebeautyifpharma
distributioninIndiaisthatthepharmawholesalerandretailerassociationmandatesthat
wholesalershavegeographicalexclusivitytoalargeextent.I.e:ApharmacompanysayRanbaxy
cansellgoodstoonlyXYZdistributorinonearea.Aretailercanthusbuygoodsfromthis
wholesaleronly.Anothertradepracticeistheprevelanceofacreditsystem,sincepharma
companiesarerequiredtocompulsorilyextendacreditperiodtotheirwholesalers(7daysforlocal
to30daysforupcountrystockists),thewholesalersextendsomecreditperiodtotheirretailersas
well.Also,unsold/expiredgoodscanbesentbacktothecompanyandyougetyourmoney
back.InitialinventorythatyoucouldendupcarryingwouldbeintherangeofRs23lakhs
minimum.Onceyouhaveestablishedyourself,youwillseewholesalersandcompanysalesstaff
dumpingstocksonyouandextendingcreditperiodsandschemesforyou.
Retailermarginsarefixedat16%formostproductsacrossallpharmacompaniesasperstandard
practice.Somespecialitypharmaproducts,cosmetics,FMCGandnutraceuticalsmayofferupto
2025%.
Sotheinvestmentwouldbefor:
Retailspacerental+depositdependingonlocation
ComputersystemRs30kmax
InventoryfloatofRs23lakhsmin
FurnitureetcRs1lakhdependingonspace
LicensinguptoRs10kmax
Pharmacist+2Manpoweropex2530kp.m
Otheropexupto5kp.m

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