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Get a quick overview of the investment, setup expenses, and essential requirements involved in starting a MedPlus franchise, helping entrepreneurs understand the cost structure with ease.
Last updated on: Aug 13, 2026
MedPlus is one of India's largest organised pharmacy chains, operating 5,000+ stores across 13 states. Founded in 2006, it follows a technology-driven omnichannel model that combines physical stores with online ordering and delivery services.
If you are considering a MedPlus franchise, understanding the investment requirements, operating costs, and business support available can help you evaluate the opportunity. With an established brand, centralised supply chain, and standardised operating processes, it offers a structured entry into the pharmacy retail sector.
A MedPlus franchise offers several advantages compared to running an independent pharmacy. Here are some key reasons to consider it:
With 5,000+ stores across India, MedPlus is a widely recognised pharmacy chain. Customers often associate the brand with genuine products and transparent pricing, helping you build trust more quickly.
You can benefit from both in-store sales and online orders placed through MedPlus's digital platform. This allows you to serve customers across multiple channels.
MedPlus's extensive store network supports fast local deliveries, including sub-2-hour delivery in many locations. This helps meet growing consumer demand for convenience.
Technology-driven demand forecasting helps streamline stock replenishment. This can reduce manual errors and minimise losses from excess or expired inventory.
Access to MedPlus's own branded products can help diversify your product range and enhance profitability.
MedPlus provides assistance with location selection, store design, staff training, operational audits, and ongoing marketing support, making it easier to manage your franchise.
MedPlus offers multiple franchise formats to suit different business requirements. Here are the available models:
| Model | How It Works |
|---|---|
FOFO (Franchise Owned, Franchise Operated) |
You set up and operate the store while following MedPlus’s brand, pricing, and operational guidelines. |
COFO (Company Owned, Franchise Operated) |
MedPlus provides a fully furnished store, and you manage the day-to-day operations. |
Conversion Model |
If you already own an independent pharmacy, you can convert it into a MedPlus-branded outlet and access the company's supply chain and technology support. |
Rollout Focus: MedPlus primarily targets cities and towns with populations above 50,000 through a cluster-based expansion strategy to improve logistics efficiency. Across all formats, branding, software, and supply chain operations remain centrally managed by MedPlus.
Before applying for a MedPlus franchise, ensure you meet the following requirements:
| Requirement | Details |
|---|---|
Space |
A ground-floor commercial space of approximately 300–500 sq. ft. in a high-visibility location. |
Pharmacist |
If you are not a registered pharmacist, you must employ at least one licensed pharmacist with a valid PCI certificate. |
Initial Equity |
You may need to contribute approximately ₹6 Lakhs to ₹7 Lakhs from your own funds as the initial investment. |
Licences |
Required licences may include a drug licence, GST registration, trade licence, and FSSAI registration (if applicable). |
The exact requirements may vary based on the location, franchise format, and MedPlus's prevailing eligibility criteria.
The total investment required to open a MedPlus franchise typically ranges from ₹15.5 Lakhs to ₹31 Lakhs. The exact amount depends on factors such as the store size, location, and condition of the premises.
Here is a breakdown of the estimated costs:
| Investment Component | Estimated Amount (INR) |
|---|---|
Initial Franchise Fee |
₹5 – ₹7 Lakhs |
Interior Design & Infrastructure |
₹5 – ₹10 Lakhs |
Equipment/Technology & Fixtures |
₹3 – ₹5 Lakhs |
Software & POS Systems |
₹1.75 - ₹2 Lakhs |
Licenses & Legal Expenses |
₹75,000 - ₹1 Lakh |
Initial Working Capital |
₹2 – ₹3 Lakhs |
Total Estimated Investment |
₹15.5 Lakhs – ₹31 Lakhs+ |
Note: These figures are approximations. Additional costs may include property lease deposits and rental advances which vary by location.
There are several ways to fund your MedPlus franchise investment. Here are some financing options you can consider:
MedPlus typically expects applicants to contribute approximately ₹6 Lakhs to ₹7 Lakhs from their own funds as the primary equity investment.
Banks and NBFCs offer business loans that can help fund franchise setup costs and working capital requirements. You can compare multiple financing options on Bajaj Markets.
Eligible small business owners may explore government-backed financing programmes, such as MUDRA loans, to fund certain components of their business setup at competitive terms.
Loan approval, eligibility criteria, interest rates, and funding amounts are subject to the policies of the respective lender.
Comparing finance options is essential to ensure operational profitability. Many lenders make it easier for businesses to apply for business loans tailored to their growth and cash‑flow needs.
The table below highlights the key loan terms offered by various lenders:
| Available Offerings | Maximum Loan Amount | Starting Interest Rate | Maximum Loan Tenure | Processing Fees |
|---|---|---|---|---|
80 Lakhs |
14% p.a. |
96 months |
Up to 4.72% (Inclusive of applicable taxes) of the loan amount |
|
50 Lakhs |
18% p.a. |
42 months |
Up to 2.5% of the loan amount |
|
2 Lakhs |
29.5% p.a. |
30 months |
Up to 2% |
|
35 Lakhs |
19.2% p.a. |
36 months |
Up to 3% of the loan amount + GST |
|
30 Lakhs |
22% p.a. |
36 months |
Up to 3% of the loan amount + GST |
|
30 Lakhs |
18% p.a. |
36 months |
3% to 4.25% |
|
₹10 Lakhs |
22% p.a. |
%$$abcapblmaxten$$ |
%3% to 4% of the loan amount + GST |
|
₹10 Lakhs |
22% p.a. |
36 months |
Up to 4.72% (Inclusive of applicable taxes) |
|
₹75 Lakhs |
15.5% p.a. |
60 months |
Up to 2% + GST |
|
₹35 Lakhs |
20.5% p.a. |
36 months |
1% - 6% |
|
₹75 Lakhs |
17% p.a. |
72 months |
Up to 3% of the loan amount |
Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.
A MedPlus franchise requires ₹15.5–₹31 Lakhs in investment and strict adherence to brand standards. Break-even typically falls between 12 and 24 months, depending on location and footfall. High-density residential areas with good visibility give the best outcomes. Confirm current terms directly with MedPlus before committing, and use a business loan to bridge your funding gap.
Reviewer
Gangadi Madhukar Reddy is the Founder, Managing Director, and Chief Executive Officer of MedPlus Health Services Limited. A medical doctor by training with an MBA from the Wharton School, he has led the company since its inception in 2006.
The standard initial franchise agreement for MedPlus is typically valid for 5 years. This agreement is generally renewable upon the mutual consent of both the company and the franchisee.
Franchisees can expect a profit margin of approximately 15% to 20% on medicines. Higher margins are often available for specific wellness products, OTC categories, and the brand's own private label medications.
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