Query: Can you help share complete details on API (Active Pharma Ingredients) reseller business? Is it good to enter into it now? What is the capital required? What are the steps involved? etc.
Response:
For Starting API reseller business, you need to take a wholesale drug license and GST number. For taking wholesale drug license see: Complete procedure to take wholesale distribution license here
Check out Procedure for taking GST number here
API reseller business is one of the all time favorite businesses for pharma entrepreneurs. It’s good to enter into the API reseller business if you have experience in the Dealing with Active Pharma Ingredients. If you don’t have then it’s advice to take some experience first before entering into business.
Approx. investment:
Investment is dependent on the scale of business and nature of the API you deal in. Approx. capital required is 25 to 35 Lakhs in API reseller business. API reseller business is credit based business and you have to give pharmaceutical finished goods manufacturing companies API at credit term of minimum of 60 to 90 days
Step Involved:
- Take Wholesale Drug License and GST number
- Find vendors for purchasing API
- Meet pharmaceutical finished Goods manufacturing units and take order
- Supply to them and Collect payment against your credit terms
Sell and Purchase API through our Business2Business Portal