The digitalisation of the health platform is increasing day by day. After Flipkart and other Health platforms, the TATA company has started the Digital Healthcare platform, TATA 1mg. After the covid- COVID-19 pandemic, E-Pharmacy will become a necessity for the more than 1.4 billion of the population.
Tata 1mg, previously 1mg, is a healthcare platform based in Gurugram, India. It provides services, including e-pharmacy, diagnostics, e-consultation, and health content. It was founded in April 2015 by Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan. The annual revenue of the company is approx ₹1,627 crore and net income is approx ₹−1,254 crore.
The Tata 1mg is offered the franchise opportunity, which is a partnership program. TATA group offered the profitable opportunity to all thos , who want to be part of Tata E- Pharmacy. This is one of the Profitable opportunities, which is providing a huge profit margin. By investing in the TATA 1mg Franchise, you can generate the approximate profit margin of 40-45%. You will easily earn 1 Lakh. The ROI time break is approx 10-12 months. The Net Profit after deducting all the cost, you will get the 16% Profit Margin.
- Profit Margin- 40-45%
- Net Profit- 12-16%
- ROI Time Frame- 10-12 Months.
How to Start a TATA 1mg Franchise Online?
Tata 1MG is one of the most profitable pharmacy platforms which generated a revenue of 1627 crores and a net income of 1254 as per the financial year 2023. It is a profitable franchise opportunity for those who are looking for a reputed brand partnership in the e-pharmacy business.
- Go to the TATA 1mg official website=> https://www.1mg.com/.
- Look for the “Franchise Opportunities” or “Partner with Us” section.
- You can also redirect by using the link- https://partners.1mg.com/.
- Fill out the franchise application form with the necessary details.
- The Form will include details regarding personal details, contact details and address or product details.
- Submit the form and wait for a response from the TATA 1mg team.
- Once your application is approved, a representative from TATA 1mg will get in touch with you to discuss further details and requirements.
- Fulfil the necessary criteria, including financial investment and other obligations.
- Sign the franchise agreement and start your journey as a TATA 1mg franchise owner.
I hope the information provided will be beneficial for you, by using this information and steps you can easily get the franchise of Tata 1MG
TATA 1mg Franchise Business Investment Cost
Those who start a profitable Tata 1 MG Franchise need some good investment cost, using this investment cost you can get an ROI of INR 1.5 to 2 lacs per month which includes all infrastructure setup costs, inventory cost, staff salary, bill rent and 6 months operating cost also. The investment ranges from INR 10 lakhs to INR 30 lakhs.
- Infrastructure Investment For Small- INR 10 Lakhs – Rs.15 Lakhs
- Infrastructure Investment For Big Which calculation is below 9 lac approx
- Franchise Fee- INR 3 Lakhs – Rs.4 Lakhs
This is the estimated investment cost which may increase or decrease depending on the conditions of various factors. Be careful not to pay any franchise fee before registration and follow only the guidelines given on the official website.
TATA 1mg Franchise Business Documents Required
To Apply for the TATA 1mg Franchise 2024 , you have to require some essential documents. Here is the list below-
- Photocopy of your PAN card (Permanent Account Number)
- Aadhaar card (or any other government-issued identity proof)
- Photocopy of your Aadhaar card (or any other government-issued address proof)
- Recent utility bills (electricity, water, gas, etc.)
- Rent agreement (if applicable)
- Certificate of incorporation (for companies)
- Partnership deed (for partnership firms)
- Sole proprietorship registration certificate (for sole proprietors)
- GST registration certificate
- Trade License
- Valid medicines licence issued by the competent authority (for selling medicines)
- Previous Experience (if applicable):
- Bank account details of the business entity