Can I sell out vegetable juice and other food supplements in marketing company?

Query:

Can I sell out aleo- vera juice or karela jamun ,other fruits and vegetable juice and other food supplements in marketing company?

Response:

Yes sir, you can sale all items you mentioned in your query in marketing company. You will need only fssai registration. Which has 100/- per year fees. Read complete about FSSAI registration here

Hope this information will be helpful to you…

List of FSSAI approved products in Food and Dietary Supplements (Nutraceuticals)

Query:


We want to launch a dietary supplement product in the market.However we don`t have an manufacturing facility of our own and hence want it manufactured at an third party manufacturing unit.

  • How do we get the FSSAI approval for the product in our name?
  • Please provide a list of FSSAI approved list of third party manufacturing facility in and around Delhi/NCR.

Response:
Product approval is work of Manufacturer. FSSAI has been issued list of food and dietary supplements ingredients which are approved for manufacturing. Also FSSAI issued lower limit and upper limit of these ingredients that could be added in formulations. You just need to give brand name of your Product and composition to manufacturer. if ingredients fall under approved list. Manufacturer will not have any problem to manufacture it with your name.

Please Download Pdf file of the  FSSAI approved ingredients here.

Hope above information was useful to you…

How to Start Nutraceutical Marketing Company?

Query:

I am basically Nutritionist. Now working as Nutrition representative, I want to start my own nutraceutical marketing company.

Response:


You can start your own nutraceutical company by taking your firm/company registration through FSSAI. Read complete procedure here…

You can get manufactured your products at third party basis by nutraceutical manufacturers or pharma manufacturers who manufactures nutritional or dietry supplements also.

  • First preare list of products., you want to start.
  • Rent or own a premises
  • Apply for registration under FSSAI for sale & purchase of food, dietry and nutritional supplements.
  • Choose third party manufacturer.
  • Give him your company name, brand name and marketed by address etc.
  • Start your own nutraceutical marketing company.
Hope above information was useful to you…
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

How to start a veterinary supplements marketing company.

Query:

How to start a veterinary supplements marketing company. What are the legal requirements for the same.. 

Response:


For veterinary marketing company, you also have to follow same procedure to register your company at FSSAI portal.
Read complete procedure here: .

How to Start Food and Feed Supplements marketing and manufacturing Company?

Hope above information was useful to you…

What does it mean of green dot and brown dot sign at Food/Dietary Supplements, Cosmetics and Household products?

When you purchase a food and dietary supplement from retailer or chemist. Have you noticed some sort of sign that indicate it comes under food and dietary supplements or medicine. Every thing you purchase from chemist or prescribe by doctor is not medicine. It may be food supplement.

Every food supplement has a dot sign that differentiate it from medicines. This dot may be green in color or may be brown. Both color have its own meaning. Brown color indicates non vegetarian content present in whole product or in single ingredient. Green color indicates all ingredients used are  obtained from vegetarian source.

I want to start my own pharma company with multivitamin, iron and calcium. Please send me the budget.


Query:

Hello sir,

I want to start my own pharma company with multivitamin, iron and calcium through third party manufacturing. please send me the budget.


Response:

Cost of Documentation and procedure you can read here: How to start pharma marketing company?

Packing material cost you can study here: How much inventory required for third party manufacturing?

Above costing is one time investment. Below find the product wise costing. Rate is roughly mentioned. You can get exact rates from manufacturer and calculate it according to following calculation.

Multivitamin: Tablet/Capsule: Tablet will cost around —/- per 100 tab
Capsule will cost: 55-60/- per 100 cap including packing material
Minimum 300 box then –*300= —–/- in tablet
Minimum 300 box then –*300= —–/- in capsule

Most common tablet for Iron is Ferrous ascorbate with Folic acid and Zinc Sulphate.

Costing is —-/- per 100 tablet in pharma. Food supplement it may be less as –/- per 100 tablet. But you should give preference in pharma.
minimum 300 box then —*300= —–/-

Calcium is available in many form. Generally all calcium forms will be available under –/- per 100 tablet.
Minimum 300 Box then –*300=—–/-
Taxes and transportation is extra.

Documentation cost will be nearly 25000/- thousand plus Packing material cost as you read in above link i.e.15000/-(approx. 5000 per product) plus Multivitamin tablet/capsule cost plus iron tablet cost plus calcium tablet. It comes to nearly ——/- i.e. you can consider approximate 1.25-1.50 lakh in starting.

We are not mentioning rate of products here at our website due to objection by pharma companies. So we are just leaving rate space is blank. You can calculate approximate company start-up cost by getting rates from manufacturer or through mail from us.

Query:

Now, we are finally going to start a pharma company, I just wanted some guidance from you.
We are 5 members will make investment of 1 lac each.
So what products should we launch initially.
And what will be the budget for the same.
Also can u guide us about legal formalities n where to do it for company registration.
Should we start with 3 to 4 products? and which should they be?
Response:
Which product you should launch depend at region, you are going to launch company. Do proper market research about product selection. Starting with your most selling products will be best option for you. Food and dietary supplements could be good option to start. Launching products can’t be suggested in pharma market. That depend at territory market conditions.

Read our article: How much investment is required to start pharma company? for knowing budget.
Main legal formalities are:
  • Drug license number
  • TIN/CST/VAT
  • Private limited company registration
You can register your company in your city or any other location, where you prefer.
It is very good option to start with 4 to 5 products. Start with less products and increase it gradually as business grow. About product selection, we can’t recommend. You can start with one liquid along with 2-3 tablet/capsule preparations or as you find in your market research.

What type of license require to sell and distribute drinks?

Query :

A Well known wellness Company wish to appointment my company as a stockist for orange drinks here in Mumbai. I have GSTIN, Company Registration, FSSAI license with me. Do I need any other license to store and sell it. Awaiting for your reply…

Response:

Sir as you describe org drinks. Most drinks come under food and nutrition supplements. For selling and storage of food and nutrition supplements you need only fssai registration license. And GST number for commercial activities.

Whether you company is private limited or not that doesn’t create any problem in stockist ship and distribution.

If this drink doesn’t come under any drug and cosmetic act you can do business without any drug related license.

Hope you found it helpful…

How to Start Food and Dietary Supplement Company? FSSAI Registration and Licensing for Food business Operators.

FSSAI has made mandatory for all food business operators whether they are manufacturer or marketer or distributor/supplier/retailer to take license or register them online under FSSAI portal. Manufacturing companies have to take license of manufacturing under state licensing or central licensing system. Marketing companies need to register only under their portal. If pharma companies or distributors/wholesalers/chemists etc are engaged in sales and purchase or manufacturing of any product that fall under nutraceuticals, food supplements and dietary supplements, they have to apply for particular category.

Read: How to Start Pharma Company?
How to Start Ayurvedic Company?

There are three type for registration under FSSAI. You can apply for specific category after checking you eligibility for license or registration. For checking eligibility click here
Before apply under FSSAI portal, you first check your eligibility and procedure. You can visit following link to know how to apply.

Click at “How to Apply” to know more about how can you apply for registration or/and license under FSSAI. If you want to apply then click at “Apply Now” botton and follow the procedure it redirects.

There are three type of categories under FSSAI:

  • Central License
  • State License
  • Registration

Central License:Document: Read Here
Fee Structure: Read Here

State License:Document required: Read Here
Fee Structure: Read Here

Registration:Document required: Read Here
Fee Structure: Read Here

Sign up at FSSAI portal at https://foodlicensing.fssai.gov.in/UserRegistration.aspx

Hope above information was helpful to you…
For any query and detail mail us at pharmafranchiseehelp@gmail.com

How Much Investment is Required to Start Pharmaceutical Company?

Most of person has issue of investment. 98 out of 100 person who think to start own business faces investment problem. Investment and money is most important prospect for starting any type of business. Here we are providing some basic calculations to calculate investment required to start pharmaceutical company.

Pharmaceutical Sector is one of the fastest growing sectors in world. As we have discussed in our Article: How to start Pharmaceutical Company? Pharmaceutical companies are of two types:

  • Pharmaceutical Marketing Company
  • Pharmaceutical Manufacturing Company

Investment required for both types of companies are also different. While preparing a Business Plan, investment is an important part of it. Pharmaceutical Marketing Company require less investment as compare to manufacturing company because manufacturing unit requires lot of machinery, a world class infrastructure, building and much more.

In this article we will try to calculate total investment required for starting marketing company and manufacturing company. Investment is of three types generally:

  • Fixed Capital Investment (One Time investment)
  • Working Capital Investment (Investment to run a company)
  • Inventory Investment (Stock, Raw Material, packaging material etc.)

Fixed Capital Investment:

We can say it also as One Time Investment. Fixed Capital Investment is the investment in fixed assets (like land, building, office, vehicle, machinery and equipment etc.). Fixed Capital Investment will be different for marketing company and manufacturing company.

Working(Operating) Capital Investment:

Working investment is liquid assets needed to run a company. Operative capital includes salary, wages, raw material cost, and marketing & promotional expenses etc. These are planned and unplanned investments (timely arise) require in daily basis to smoothly run an organization. Operating capital investment require till company start to earn adequate profit to handle its regular expense and wages.

Inventory Management:

Third type of Investment required for Stock and Product Availability (Inventory). Inventory investment depend at number of products you want to launch and manufacture in starting.

Investment Required for Pharmaceutical Manufacturing Company:

Pharmaceutical Manufacturing is a highly investment project. Major portion of investment will invest in purchasing a land, Building and infrastructure etc. This can be prevented if you start at rented premises and building. But location, area, plant and building infrastructure should meet with requirement of GMP certification (WHO: GMP and/or Schedule M).

Area required and machinery detail for starting manufacturing unit, you can read at our article:  Area and machineries required for each section in Pharmaceutical Manufacturing Unit.

If you have own land and building that Good, but that is also an investment. We will consider it as investment. If you don’t have, you have two options: Either you purchase or you take a building at rent. In case of rented premises, rent and/or deposited money will be calculated as investment.

It’s not easy to calculate actual investment as cost of land, plant, cost to build a building, rent, machinery and equipment, staff salary, worker wages are not same at all locations, area’s, states and countries. Cost of any particular thing, we will replace with any alphabets. By replacing that alphabet with cost of that thing in you locality, you can calculate actual investment required to start pharmaceutical manufacturing company.

Requirements for Starting Pharmaceutical Manufacturing Unit:

Fixed assets:

  • Land (L)
  • Building (B)
  • HVAC (Heating, Ventilation and Air Conditioning) System (H)
  • Air Lock System (A)
  • Fitting, Finishing and Furnishing (F)
  • Machineries and Lab Equipments (M)
  • Electricity Supply (E)
  • Water Supply (W)
  • Compressed Air Supply (C)
  • Investment for completing Licenses and formalities (I)
  • Other Requirements (R)

Liquid Assets:

  • Skilled and Technical Staff Wages (S)
  • Non Skilled Worker Wages (N)
  • Repair and maintenance (H)
  • Rent if applicable (T)
  • Bank Loan installments and related expenses (I)
  • Promotional and Marketing (P)
  • Other expenses (J)

Inventory Investment:

  • Raw Material and Packaging Material Stock (R)

You need to calculate fixed capital investment and operating capital investment separately. This will help to establish and run manufacturing company smoothly. Fixed capital investment can be calculated by adding fixed assets cost where as operating capital investment can be calculated by adding liquid assets.

Fixed Capital Investment = L+ B + H + A + F + M + E + W + C + I + R

Operative Capital Investment = S + N + H + T + I + P + J

Other than these, a manufacturing company also needs to market its own product in market. So it also requires investment needed for marketing and promotion as needed by marketing company. We can also include investment that will require for starting pharmaceutical marketing company in below portion.

Investment Required for Pharmaceutical Marketing Company:

Investment for Pharmaceutical Marketing Company is relatively low as compare to manufacturing company. In marketing company there is less infrastructure and capital required. For marketing company, less space, small office and fewer requirements are needed but marketing and promotional budget could be higher side.

A pharmaceutical manufacturing company has few addition marketing tools other than conventional marketing tools and advantage in marketing like third party manufacturing, contract manufacturing, loan licensing, greater reputation and institutional supply etc. That is not available for pharmaceutical marketing companies. Marketing has to reliable at conventional marketing solutions like ethical, generic, pcd, franchise etc only.

In marketing company, office and premises can be at rented basis if not owned. If owned premises, we will add it in fixed capital investment. Otherwise rent will be considered as operating capital investment.

Fixed Assets:

  • Office Building (B)
  • Office Furniture and Accessories (A)
  • Computer and Electronic Equipments (C)
  • Fitting and Furnishing (F)
  • Investment at licenses and documents (L)
  • Other Requirements (X)

Liquid Assets:

  • Office Staff Wages (O)
  • Rent if applicable (R)
  • Bank Loan installments and related expenses (I)
  • Promotional and Marketing (P)
  • Other expenses (J)

Inventory Investment:

  • Stock Investment (S)

Fixed Capital Investment= B + A + C + F + L + X

Operation Capital Investment+ O + R + I + P +  J

Marketing Strategy and promotional methods are almost same for marketing and manufacturing companies. So there marketing and promotional expenses are almost same.

Above we have discussed about investment required to start pharmaceutical company. In short discuss about factors that affect investment for starting pharmaceutical company.

Factors:

Land Cost:

Cost of land is different at different localities. Possibilities is there if some where you can find land at cheap cost and some where cost of land is high.

Building and Premises Furnishings:

Building construction as per GMP certification is very essential for setting up manufacturing unit. A good architect is needed for it. Also building material cost varies place to place. That makes different in investment to construct a building at different places.

HVAC, Air Lock System and other machineries & equipments:

Some countries and localities are dependent at import for high quality systems and machineries for setting-up a plant. Also prices vary according to the manufacturers and quality of machineries and equipments.

Licenses and Documentation process and Fees:

Some regions and countries have relaxed policies in respect for licenses and documents to start pharmaceutical company. In some regions, it’s a difficult task to get any type of license even after completing all formalities. Bribe and unethical money distribution also affect the investment required.

Rent:

In case, you are in rented premises and/or building, rent at that particular locality affect the investment. In prime location rent may be high, in non prime locality rent would be relaxed.

Staff and Workers wages:

Easy availability of skilled and technical staff, Non availability of skilled staff directly or indirectly affects operation investment. If available then investment will be lesser otherwise skilled staff recruitment from outside locality may increase operation investment.

Investment required for Stock and Product Availability (Inventory Investment):

Stock may be in both assets fixed and liquid depend at situations. Stock is moving thing and will be in rotation as per demand and supply. Stock investment will be covered under Inventory management but here we will also cover important aspects regarding stock because it is an important part of Operative Capital Investment.

We can divide stock investment in three parts.

  • Initial Investment
  • Second investment in second batch to prevent shortage of products
  • Emergency money

You could need double of your initial investment as reserve money for smooth flow of stock at initial stage. You have to invest in market, doctors and products. You have to invest at stock irrespective of marketing and/or manufacturing type. You also have to invest at market by providing credit to chemist and stockiest.

Monthly Expenses:

Monthly expenses like Rent of Premises, Electricity bill, office expenses and other miscellaneous expenses depend at location and area. Some expenses like accountant/CA fee, quarterly sale tax return etc also will be added in your expenses.

Promotional Inputs:

Design of logo, company profile, product card, reminder card, catch cover, writing pads, visuals etc. Designing charges may vary printer to printer but most of printers do designing free of cost if you are printing all material from them.

Hope this article is helpful for you to calculate investment required for starting pharmaceutical company.

You can also read here about- how much you have to invest in third party manufacturing of your products?

You must read : Investment at Packing material of Each Dosage form also to prepare your complete budget.

We are also mentioning few queries related to Investment here for more elaboration. Hope you will get some help for these queries:

Query 1: I am a Doctor working in a reputed medical college. My wife is a gynecologist and she is in private sector. We want to start a pharma business of our own. What we want is that to have product packaging from reputed company and sell at our company name. Please guide us in following points. .
1. Starting budget is 12 to 15 lacs. Is it adequate?
2. Do we have to form a company to do that?
3. Where do we get quality manufacturer because we don’t want to comprise quality.
Please advice.

Response 1: You want to start pharma business and sell products from your name and thinking about starting your own Pharma marketing company.

  1. Starting budget is 12 to 15 lac. Is it adequate?

Starting budget depend upon number and type of products you want to get manufactured. Few products are costlier and few are cheaper in rates. The molecules and/or salts you want in your product list will affect your budget. For example, you are starting with 26 products and products are A, B, C etc. Your budget is depend upon rates of A to Z products.

If your products are costlier like Cefixime, Cefpodoxime, Cefuroxime , levofloxacin, Azithromycin etc then chances are you have to invest big amount. If you start with vitamins, ferrous combinations, nimusulide, paracetamol, ofloxacin etc then budget will be less. Above molecules are example purpose only, costing of products can depend upon circumstances.

12 to 15 lakhs is sufficient amount if you invest it wisely. We have seen person to start their own marketing company with amount as less as 1 Lakh.

You can start your company from 1 product or you can start with above 100 products or as number you want. We will recommend to start with lesser number of products and add new products gradually.

  1. Do we have to form a company to do that?

To work with your company name, you have to start your own marketing company. Read Procedure by clicking following link: How to start your own pharma marketing company

  1. Where do we get quality manufacturer because we don’t want to comprise quality?

Searching for Quality manufacturer is difficult task but you can find good quality manufacturer easily. You are doctor and prescribe medicines. You better know which product is good in quality and efficacy. Products which you are prescribing will have manufacturer address. Even multinational companies like pfizer, lupin, cadila, sun pharma, unichem, cipla are also get manufactured their products at third party or loan license basis. See the address of manufacturer on strip or box, you trust the most. You can easily find quality manufacturer address. Search for that manufacturer at internet and will get contact number easily. Contact them and ask them to manufacture your products.

Query 2:Estimate Budget for Pharmaceutical Marketing Company!!!

Query 3:How much cost required to set-up pharma marketing company office?

Query 4:I want to start my own pharma company with multivitamin, iron and calcium. Please send me the budget.

Query 5:How much cost required to set-up pharma marketing company office?

Query 6:What will be budget for pharma company, please guide us !!!

Query 7:I want to start a pharma company with two products

Query 8:I want to start pharma marketing company. I want to know of budget of starting business

If you want to know about estimated budget for your new marketing pharma company read here…

You will also need to find out price to retailer/price to stockist read here…

Hope you have found it useful…..

For any query and suggestion mail us at pharmafranchiseehelp@gmail.com