Steps To Start Your Own Pharma Company in India

Steps To Start Your Own Pharma Company in India - The franchise business is growing at a rapid pace in India. It is one of the safest domain to start the business. It is highly profitable and evergreen. Even in the tough economic condition, the pharma business always prosper. There are different types of opportunities available. These opportunities have further options.  If you are thinking about to start the pharma company, then you must follow certain steps. The steps to start your own pharma company in India are

• Make a Business Plan
• Register your company
• Drug Licence Number
• Apply for GST Number
• Apply for Trademark/FSSAI Certifications

These steps are discussed in details below.

Make a Business Plan

It is the start of the business. At this point when you are making a business plan, make sure you include all the necessary details. like the overview, executive summary, company description, industry and market, your strategy, team, marketing plan, operational plan, financial plan. The business plan will make your head clear. Also, it will help other partners to understand business model easily.

Register Your Company

Ministry of corporate affairs is the one responsible for the registration of the company. There is a certain procedure you need to follow to register your company under the Company Act. The process includes Application for Digital Signature Certificate, then Director Identification Number, registration of the company's name, getting PAN and TAN for the company, and then opening a current bank account on the company name.

Drug Licence Number

This is a very specific step to the pharma companies. Central Drugs Standard Control Organization issues the drug licence number. It is very important to start any pharma business. Minimum 10-15 square feet area, warehouse and technical staff are required to apply for the drug licence number. Now you can arrange the documents like Application form, Challan of fee deposited, blueprints, etc. to apply for the licence number.

Apply for GST Number

Goods and Services Tax (GST) is the last necessary step to start the pharma company. You require PAN, Aadhaar, Incorporation certificate, Identity and Address proof, Bank Account statement/Cancelled cheque. Digital Signature, etc. 

Apply for Trademark/FSSAI Certifications

They are not necessary steps but these steps will make your business credibility good. You can register like the name, or logo or brand name, etc. The trademark is done under Trademark Act, 1999. It will be your asset for 10 years which can be renewed for a further 10 years. This builds your brand image, as no will can copy-paste your brand and makes you a different company from the crowd.
Same goes for FSSAI. Food Safety and Standards Authority of India is an autonomous body which ensures that the food products in the market are safe to consume. If you get the FSSAI certifications, the trust in your products will increase. These two steps are not absolutely necessary to run the business but can impact the business in a positive way.

About Integral Lifesciences

Integral Lifesciences is a leading pharma company which also offer PCD franchise opportunity to the companies. We offer a wide variety of ortho, gynaecology, paediatric and general range products. The company is active since 2007 from the Chandigarh. We are a bulk manufacturer of quality range products. Our high tech manufacturing facilities are WHO-GMP certified. Our company itself is certified with ISO and FSSAI. Our products are available as tablets, injectables, sprays, capsules, drops, creams, ointments, softgels, etc.
Contact Information
Address: SCF- 377, 1st & 2nd Floor, Motor Market, Manimajra, Chandigarh – 160101, India
Call Us:+91-90418-00166, +91-92163-00166
Office:- +91172 500 2460,61,62