MedPlus Pharmacy, having served as a one-stop healthcare dispensary, has gained national recognition as one of India’s largest pharmacy chains. With a staggering range of available medications and wellness products, the MedPlus Pharmacy retail chain upholds high standards.
This growth is set against the backdrop of a booming Indian pharmaceutical industry, which was valued at $66.66 billion in May 2025 and is growing at a CAGR of 5.92%, driven by rising demand and global exports. India contributes 20% of the global generic drug supply and plays a vital role in vaccine manufacturing. The fiscal year 2024–25 alone saw 8.4% growth, led by chronic healthcare segments like cardiac and diabetes care, with April 2025 registering 7.8% YoY growth. Government initiatives like PMBJP have expanded access to affordable medicines, supported by over 14,000 Janaushadhi Kendras across the country. The sector has also attracted over $20 billion in FDI, underscoring strong investor confidence. With exports projected to reach $130 billion by 2030, India is firmly positioned as a global pharma hub.
For those interested in joining this successful network, the MedPlus Franchise Cost is an important consideration when exploring the opportunities for establishing a MedPlus outlet. Considering this benchmark, it comes as no wonder that choosing to be a franchisee of MedPlus Pharmacy will bring in huge remunerative margins to the business owners.
About MedPlus
| Attribute | Details |
| Company Name | MedPlus Health Services Limited |
| Founded | 2006 |
| Founder | Gangadi Madhukar Reddy |
| Headquarters | Hyderabad, Telangana, India |
| Type | Public Company (Listed on BSE & NSE since December 2021) |
| Industry | Pharmacy Retail, Diagnostics, Healthcare Services |
| Website | medplusindia.com |
| Stock Symbol | NSE: MEDPLUS |
| Retail Network | Over 4,407 stores across 600 cities in 7 states |
| Employees | Data not specified |
| Key Offerings | Prescription & OTC medicines, wellness products, FMCG items, diagnostics, opticals |
MedPlus was launched in 2006 by Dr. Gangadi Madhukar Reddy and is now one of the top healthcare companies in India with an increasing number of pharmacy stores, online pharmacy, path labs and eye care services. The company relies on technology to give affordable access to genuine medicines and healthcare products. MedPlus is active in many areas of healthcare such as retail pharmacies, online platforms, healthcare tests and eyecare.
The company’s success is based on serving customers which means it gets quality goods to consumers on time and at a reasonable price. The brand has broadened its offerings to become a comprehensive healthcare spot, giving patients the chance to get lab tests and eye care all in one place. Because of a strong logistics system and alliances with drug makers, the company can offer competitive rates and ensure that its products are of high quality. The focus of MedPlus’s dedicated healthcare team allows the company to keep innovating and providing more services, making healthcare easier for all Indian consumers in urban and rural areas.
MedPlus Pharmacy now operates as a well-known and reliable retail pharmacy nationwide in India. Using technology, the company manages the supply process well enough to supply real medicines at competitive rates. Today, there are over 4,230+ MedPlus stores found in 600+ cities across 10 states, making it one of the biggest pharmaceutical retail chains in India. The brand has improved how people access healthcare by blending the old-fashioned pharmacy with advanced technology, so it reaches many customers across the country.
MedPlus has become a dependable healthcare partner by providing prescription medicines as well as over-the-counter, health supplement and wellness products. Since the company focuses on quality and low prices, people looking for real pharmaceuticals prefer to choose it. Thanks to its franchise model, MedPlus keeps opening new stores in India, giving people interested in business a secure way to enter the important healthcare sector.
Financial Highlights (FY 2025)
| Metric | FY 2025 | FY 2024 | Growth (%) |
| Revenue | ₹6,136.05 crore | ₹5,624.86 crore | 9.10% |
| Net Profit | ₹150.3 crore | ₹65.4 crore | 129.60% |
| Profit Margin | 2.40% | 1.20% | 1point2 pp |
| EPS | ₹12.57 | ₹5.48 | 129.40% |
Brand USPs:
- Comprehensive Coverage: MedPlus helps with inventory organizing, supply chain logistics and technology introductions to guarantee that the franchise runs smoothly.
- Advanced Technology: With point-of-sale, inventory control and customer relationship systems, franchisees can manage their businesses more efficiently.
- Available distribution network: MedPlus’s strong network provides pharmaceutical products regularly and at competitive prices for wholesale buyers.
- Brand Recognition: Benefit from the trust and recognition that MedPlus has built up by providing dependable healthcare services to customers for many years.
- Training and Development: Offering complete programs to franchise owners and employees to learn pharmacy procedures, work with customers and follow regulations.
- Marketing Assistance: The company carries out national advertising, creates local promotion materials and designs strategies to boost traffic and brand recognition for each franchise.
Why Choose Medplus franchise for healthcare line
Some key factors add to the specialty of MedPlus Pharmacy as a franchise.
- Reputation and Trust: MedPlus Pharmacy is backed as a provider of high-quality healthcare. This trust naturally extends to the pharmacy chain. Thus making it a go-to choice for millions of customers across the country.
- Pan-India Presence: Considering its presence in both metropolitan cities and smaller towns, MedPlus Pharmacy has a wider reach to consumers. This network allows it to cater to a vast customer base, making healthcare products and services accessible even in remote areas.
- 24/7 Availability: Many MedPlus Pharmacy outlets operate round the clock. They are determined to provide essential medications and health products to their customers whenever needed, especially during emergencies.
- Wide Product Range: From prescription medications to wellness products, MedPlus Pharmacy offers a wide variety of products, making it a one-stop shop for all healthcare needs. It also offers health supplements, medical devices, and personal care items, attracting a diverse customer base.
- Customer-Centric Services: MedPlus Pharmacy thrives to enhance customer experiences. Their trained pharmacists provide personalized guidance, ensuring customers get the right products for their needs.
- MedPlus App: The digital arm of MedPlus Pharmacy, the MedPlus app has made it easier for customers to access healthcare services from the comfort of their homes.
- Assistance to the doorstep: They offer online ordering, home delivery, and even health consultations, further strengthening their customer-centric approach.
- Virtual consultations: Customers can book diagnostic tests, and even consult doctors through their application, which has been a game-changer in the healthcare sector.
Understanding the MedPlus Franchise Model
FOFO (Franchise Franchise Operated) – In this model, the parent company or the brand in question gives its name to the franchise investor (franchisee). And they give it for a non-refundable sum (known as a franchise fee) and for a pre-agreed time. The Prices and merchandise for the outlet are decided by the individual brands. So, the franchisee is the owner of the store. All the operational costs will have to be managed by the franchise itself. Moreover, the Franchisee has to pay some percentage share of revenue (royalty) to the Brand as well.
COFO (Company Owned Franchise Operated) – This is where the company invests in the franchise business and the franchise operates it as per the directions set by the brand.
MedPlus Pharmacy Franchise Cost
Investing in MedPlus Pharmacy and taking up the opportunity to establish a franchise means the business owners have opened themselves into a profitable market that caters to the healthcare needs of the customers and also carries forward the trust maintained by MedPlus Group.
MedPlus Pharmacy is a robust framework of a franchise that requires moderate investments. They also provide the necessary training to the staff and ensure they receive the support to set up the franchise.
- Total Investment Range: A MedPlus franchise might require an investment of ₹17.5 lakhs to ₹20 lakhs, depending on where the store is located, its size and the required infrastructure
- Location Premium: The cost of investment depends on the city tier, so larger cities usually need more money than smaller towns
- Store Size Requirements: Space usually required for this business is 300-500 square feet and this affects the total cost of renting and setting up.
- Infrastructure Development: Renovation, interior design and following pharmacy rules affect the cost of setting up a pharmacy
- Initial Inventory Investment: The inventory required depends on the demand and product variety in the local market, generally requiring significant working capital
- Technology Setup: Point-of-sale systems, computers, installation of software and integration with central MedPlus systems
- Licensing and Regulatory Compliance: Paying for pharmacy licenses in each state, getting drug licenses and meeting the required regulations
- Working Capital Requirements: Initial expenses such as employee salaries, utility bills and daily running costs
- Franchise Fees: There is one initial fee of ₹10 to ₹12 lakhs and regular payments for using the brand and getting support from MedPlus.
Factors Influencing Cost
- Total Investment Range: A MedPlus franchise might require an investment of ₹17.5 lakhs to ₹20 lakhs, depending on where the store is located, its size and the required infrastructure
- Location Premium: The cost of investment depends on the city tier, so larger cities usually need more money than smaller towns
- Store Size Requirements: Space usually required for this business is 300-500 square feet and this affects the total cost of renting and setting up.
- Infrastructure Development: Renovation, interior design and following pharmacy rules affect the cost of setting up a pharmacy
- Initial Inventory Investment: The inventory required depends on the demand and product variety in the local market, generally requiring significant working capital
- Technology Setup: Point-of-sale systems, computers, installation of software and integration with central MedPlus systems
- Licensing and Regulatory Compliance: Paying for pharmacy licenses in each state, getting drug licenses and meeting the required regulations
- Working Capital Requirements: Initial expenses such as employee salaries, utility bills and daily running costs
- Franchise Fees: There is one initial fee and regular payments for using the brand and getting support from MedPlus
MedPlus Franchise Profit Margin & Earning Potential
- Monthly Earning Potential: MedPlus franchises have the ability to bring in monthly income of ₹60,000+ or more. Profitability usually increases based on the location, with prime locations being more profitable.
- Pharmaceutical Margins: Prescription drugs at pharmacies usually have margins of 15-25%, with margins going even higher for over-the-counter and wellness items.
- Recession-Proof Business: The healthcare industry is in demand no matter the state of the economy which leads to steady earnings for those in this field.
- Multiple Revenue Streams: Extra income from prescription medications, products you can buy without a prescription, supplements, FMCG items and additional services makes the company more profitable.
- Inventory Turnover: Frequently sold pharmaceuticals help with inventory turnover, making cash flow better and lowering costs connected to holding inventory compared to other businesses.
- Seasonal Stability: Pharmacies do not experience big changes in sales due to the seasons, unlike many other businesses in the retail industry.
- Brand Loyalty Benefits: A well-known MedPlus brand prompts customers to remain loyal, shop again and share positive experiences, ensuring profitability for the business.
- Technology Efficiency: Well-managed inventory and optimized supply chain help companies save costs and boost profit by using resources in the best way possible.
| Category | Details |
| Gross Profit Margin | 8% – 20% (varies by product type and store performance) |
| Medicine (Branded) | 8% – 12% |
| Medicine (Generic) | 15% – 20% |
| OTC Products & Wellness Items | 10% – 18% |
| Cosmetics & Personal Care | 15% – 25% |
| Monthly Sales (Average) | ₹8 – ₹15 lakhs (location-dependent) |
| Monthly Net Profit Estimate | ₹60,000 – ₹1.5 lakhs |
| Break-even Period | 6 – 12 months |
| Royalty Fee | 6% of monthly sales |
Eligibility Criteria & Requirements for a MedPlus Franchise
- Financial Stability: Candidates must show they can invest the required amount of ₹17.5-20 lakhs and ensure enough money to support smooth operations for the first few months.
- Educational Background: Although it is not necessary, having a background in pharmacy, business administration or healthcare helps in understanding the workings and rules of the industry.
- Business Experience: Experience in retail or business beforehand helps in learning about market systems, how to serve customers and business management.
- Location Requirements: A commercial space of 300-500 square feet should be found in places with heavy foot traffic such as residential neighborhoods, business complexes or by healthcare facilities.
- Legal Compliance: Background check is clear, required licenses can be obtained, including drug license and regulations are followed locally at the pharmacy.
- Commitment Level: The candidate has shown dedication to pharmacy retail and is ready to follow MedPlus’ operational rules.
- Local Market Knowledge: Understanding who the community is, what they need for healthcare and the overall market situation is very important to serve them well and advance the business.
How to Apply for a MedPlus Pharmacy Franchise
There is a straightforward process to be followed to set up the MedPlus Pharmacy franchise.
- Submit an Inquiry: Visit the MedPlus Pharmacy website or contact their franchise department and express your interest. You’ll need to provide details such as your location, budget, and experience in the healthcare sector.
- Franchise Review: Once your application is submitted, the MedPlus Pharmacy team will review it and assess the feasibility of opening a franchise in your desired location with your specifications.
- Franchise Agreement: If your application is approved, you’ll be required to sign a franchise agreement, which outlines the terms and conditions of the partnership including the agreement of royalty fee.
- Store Setup: The brand will assist you with setting up the store, including interior design, equipment installation, and product stocking.
- Staff Training: Considering that customer satisfaction comes first to MedPlus Pharmacy, your staff will undergo training to ensure that they meet the high standards of service.
- Supply Chain assurance: Since, the products are supplied and delivered through the trusted network of the brand, the franchisee need not be worried about any issues with the distribution of the products.
Contact Information
To start the process of applying for a MedPlus franchise, go to official Website and select the ‘Contact Us’ link. As an alternative, you can use Franchise Bhoomi, the first franchise listing platform in South India. People interested in becoming franchisees can learn about the available franchises, the process of applying and what is required for investment on the official MedPlus website. The company’s development team helps each potential franchisee with personal advice from the start of the process through to the store’s opening.
Applying at MedPlus requires filling out an application form you can find online or sending an email to the franchise department. You get information from MedPlus about the franchise model, who can be a franchisee and the cost involved. Those interested in running a MedPlus franchise can use different franchise portals and business opportunity platforms to find out more. The franchise team is there to quickly answer questions and explain what is needed to become a franchisee such as the requirements and steps for opening and running a franchise.
Benefits of owning a MedPlus franchise
MedPlus is a trusted and well-established brand, with over 2,000 outlets across India, known for delivering high-quality pharmaceutical products and healthcare essentials. Here are some brand-specific benefits that come from owning a MedPlus franchise.
- Competitive edge in the market
- Brand recognition
- Additional inventory management and training for staff provided by MedPlus
- Seamlessly integrating online services (MedPlus application) and offline sales to support both digital and in-store customers.
- Broadening your revenue streams
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Why Investing in the MedPlus Pharmaceutical Sector is a Safe Bet?
The pharmaceutical sector in India has been growing at a phenomenal pace. The sector is expected to grow at a CAGR of 12.1% and reach $120-130 billion by 2030. Factors like increased health awareness, a rising aging population, and the spread of chronic diseases have fueled the demand for reliable pharmacies across the country. This growth and government support make the pharmaceutical sector a relatively safe bet for investors. With pharmaceutical chains such as MedPlus, developing a franchise and providing healthcare assistance will end up returning a significant amount of revenue to the business owner.
Moreover, the growing health consciousness in India has led to a higher demand for over-the-counter (OTC) health supplements, preventive care products, and wellness solutions, areas where MedPlus already has a strong foothold. By partnering with MedPlus, franchise owners can tap into this ever-growing demand, ensuring long-term profitability.
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Conclusion
Tackling the demand for healthcare services in India will ultimately create both societal and monetary impact for the business owner, and investing in the MedPlus pharmacy franchise is a smart business move. Backed by a trusted brand and a proven business model, franchise owners can benefit from the booming healthcare industry while providing essential services to their communities.
The relatively low investment cost, combined with comprehensive support from MedPlus Pharmacy, makes this franchise opportunity accessible to aspiring entrepreneurs. So, if you’re passionate about healthcare and want to make a difference while running a successful business, the MedPlus franchise is a path worth considering.
