Hello Guys, Today we will read about the Tata 1mg franchise Business. if you want to start a business in E-pharmacy. Then, you can go for the Tata 1mg franchise. It is the best decision for you and your upcoming future. In this post, we will talk about the total investment of a Tata 1mg franchise, Tata 1mg franchise Profit or loss, Space required for the Tata 1mg franchise, and more topics will be covered about how to get a Tata 1mg franchise in India in 2023.
Company Details of Tata 1mg
The Tata 1mg brand was started in 2015 by Prashant Tandon, Gaurav Agarwal and Vikas Chauhan. Tata 1mg was established on 2015 in Gurugram, India.
| Website:- | https://www.1mg.com/ |
| Founders:- | Prashant Tandon, Gaurav Agarwal and Vikas Chauhan |
| Headquarters:- | Gurugram, India |
| Product:- | Medicine Supply Healthcare Products |
| Industry:- | Privately Held |
| Parent Company:- | Tata Digital Limited |
| CEO:- | Prashant Tandon |
Benefits of Tata 1mg franchise
Tata 1mg is one of the trusted and low-cost investment Businesses in the E-pharmacy. You will get a 100 % guarantee of earning with a good return on investment.
- Tata 1mg is an Indian Company.
- It is India’s largest medical e-pharmacy.
- Tata 1mg is available in more than 1800 Cities in India.
- Tata 1mg is used by more than 31 Million people.
- It is not based on the franchise model it is based on referral program.
- it’s name is Health Partner.
- It is connected with Tata Digital Limited.
Requirements for a Tata 1mg franchise
- Area requirements:- To open a Tata 1mg store Franchise you want a minimum area to step you Medical Shop .
- You have knowlege about the E-pharmacy Medical.
- To be Financially strong to invest in the business, Should have basic knowledge of the business.
Eligibility for a Tata 1mg franchise
- The owner should follow all terms and conditions of Tata 1mg company.
- You must have proper money Investment to open this franchise.
- Must have a proper space in a good location for the outlet.
- The owner must have knowledge of running an outlet.
Tata 1mg Franchise Cost in India
The cost of a Tata 1mg franchise depends on many factors like a franchise fee, location, size of the shop, equipment required and etc. According to Tata 1mg, the total investment is approximately Rs. 50 K to Rs. 1 Lakhs.
- Franchise Fee:- The franchise cost of a Tata 1mg franchise is Rs. 15,000 + GST in India.
- Investment in Store:- The Investment in setting up the store of Tata 1mg is Rs. 50,000. It would help if you had to invest a minimum of 20,000 and a laptop for Billing.
- Security Deposit:- The Security Deposit depends on the shop’s location.
- Working capital:- The staff salaries, cost of inventory, and other operational expenses.
Space Required for Tata 1mg Outlet
Tata 1mg store space depends on the size of the store. A minimum space area is needed to start the Tata 1mg franchise. If you taking a store on rent then remember the rent of a store in a prime location may too high. Mainly it is based on the Referral program.
Documents & Licence
- First, you must Register your Business with the (Roc) Registrar of Companies and get your certificate of incorporation.
- ID Proof:- Aadhaar Card and Pan Card.
- Address Proof:- Ration Card, Electricity Bill.
- Bank Account with Passbook.
- Photo, Email ID, Phone Number.
- Fire safety certificate.
- GST Number.
- Standard franchise agreement..
- In the end, you’ll need to obtain insurance coverage for your business.
Tata 1mg Franchise Profits and Margin:
Tata 1mg is the largest E-Pharmacy Medical in India and it’s on trending nowadays. So, Everyone wants to take a franchise of Tata 1mg but they have only one question what will the Profits and Margin of Tata 1mg? So, today we will clarify the margin and profit of Tata 1mg.
- You can earn 50 to 60 Thousand from This.
- It totally, Depends on your sale. If the number of sales will be increased then the profit will be increased.
| Monthly Delivered Sales (INR) | % of Lead fees on pharmacy services | % of Lead fees on diagnostic services |
| Up to INR 5 lakh | 6% of the delivered order value | 10% of the delivered order value |
| Above INR 5 lakh – up to INR 50 Lakh | 8% of the delivered order value | 12% of the delivered order value |
| Above 50 Lakh | 10% of the delivered order value | 15% of the delivered order value |
2. Special offers and discounts for your set of customers :
- 15% savings on Rx meds (Up to 15% off on the Maximum Retail Price-and minimum order value should be Rs 500 or above, delivery and other charges as per Website.)
- 20% savings on lab tests (20% off on Lab tests)
3. You’ll get a unique coupon code which will give access to a dashboard to download the report of the users coming to 1mg using their coupon codes;
- Dedicated key account manager on a WhatsApp group who will solve your queries;
- They will provide marketing support.
How to apply for the Tata 1mg Franchise in India?
- First, you have to go to the official site of the Tata 1mg india.
- https://www.1mg.com/healthpartner?wpsrc=Google+Organic+Search
- Fill form from the given link.
- Then, you will get a call back from Tata 1mg.
- Then submit your all details.
- After all the processes pay the franchise fee.
- then you will owner of the Tata 1mg franchise.
Tata 1mg Franchise Contact Details
If you are getting any issues or you want to take a franchise Tata 1mg then you can contact them from here . All details are mentioned below:-
Address: 5th Floor Tower – B of The Presidency Building,
46/4 Mehrauli Gurgaon Road, Sector 14,
Gurugram, Haryana-122001, India
Telephone: 00 1 800-309-7373
Website : https://www.1mg.com/
Email ID: [email protected]
Frequently Asked Questions of Tata 1mg:
Q 1. What is a Tata 1mg franchise?
Ans : Tata 1mg is one of the trusted and low-cost investment Businesses in the E-pharmacy. You will get a 100 % guarantee of earning with a good return on investment.
Q 2. What is the cost of a Tata 1mg franchise in India?
Ans : The cost of a Tata 1mg franchise in India is approximately Rs. 50 K to Rs. 1 Lakhs.
Q 3. How to open a Tata 1mg franchise?
Ans : First you have a investment and patience. Then, some criteria like the need for all documents and the need for space for opening. After this fill the form and wait 2 days. You”ll get a call back from Tata 1mg. then confirm all the detail and pay the franchise fee and start your business.
Q 4. Is Tata 1mg a successful franchise?
Ans : Yes, it is a successful franchise at the present time. lots of people want to take the Tata 1mg franchises but they can’t take it due to financial issues. it is based on the E-pharmacy Medical and It is going in trending nowadays.
Q 5. How does Tata 1mg franchise work?
Ans : Mainly It is based on affiliate partners will earn commission on the sale of each product and service .
We wish you got all information about the Tata 1mg. if you think that some more topics can add or you have your issue then you can comment down| mail us. you can grow with businessuniqueidea. Thanks for visiting our site. Have a nice day.
