If you are considering venturing into the healthcare industry and want to be a part of a trusted brand, the 1mg.com franchise can be a lucrative opportunity for you. This article will provide an overview of the TATA 1mg franchise, outline the requirements, discuss the investment cost, and shed light on the profit margin potential.
TATA 1mg Franchise 2024-25
The TATA 1mg franchise is a partnership program offered by TATA Group in collaboration with 1mg, a leading online pharmacy and healthcare platform in India. The franchise aims to extend the reach of TATA’s healthcare services by partnering with individuals who share their vision of providing accessible and affordable healthcare to all.
By becoming a TATA 1mg franchisee, you gain access to a well-established brand name, a robust e-commerce platform, and a wide range of healthcare products and services. The franchise operates on a business-to-customer (B2C) model, enabling you to cater to the healthcare needs of individuals within your designated area. You may check here for complete details related to TATA 1mg Franchise 2024-25 Apply Online, Requirments, Investment Cost & Profit Margin.
Key Highlights – TATA 1mg Franchise Apply Online, Requirments, Investment Cost & Profit
| Article About |
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| Company Name | Tata 1mg |
| Launched In | 2015 |
| Organization | TATA Digital Limited |
| Type | Private |
| Area served | India |
| Industry |
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| Founder |
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| Key people |
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| Headquarters | Gurugram, Haryana, India |
| Products |
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| Services |
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| Number of employees | 800+ (2021) |
| Official Website | partners.1mg.com |
| Post-Category | Franchise Apply |
Key Benefits
- Brand Recognition
- Established Business Model
- High Demand
- Extensive Product Range
- Competitive Pricing
- Online Presence
- Technology Integration
- Training and Support
- Marketing Assistance
- National Reach
- Trustworthy Suppliers
- Efficient Logistics
- Multiple Revenue Streams
- Health Awareness Programs
- Accessibility
- Diverse Customer Base
- Repeat Business
- Online Ordering
- E-prescriptions
- Trusted Advice
- Strong Customer Support
- Continuous Innovation
- Regulatory Compliance
- Pharmacy Automation
TATA 1mg Franchise Important Requirements
To qualify as a TATA 1mg franchisee, you need to meet the following requirements:
- Legal Eligibility: You must be an Indian citizen and fulfill all legal obligations to run a business in your chosen location.
- Space Requirement: A commercial space of approximately 200-500 square feet is recommended for setting up the franchise. The location should be easily accessible and near residential areas.
- Infrastructure: Ensure you have the necessary infrastructure, including basic amenities, storage facilities, and a computer with an internet connection.
- Investment Capacity: You should have the financial capability to invest in the franchise setup, initial inventory, and operational expenses.
- Staffing: Employ trained professionals to manage day-to-day operations.
| Shop / Unit Area | 200 – 500 Sq. ft
Or 1500 To 2000 For big |
| Employee Strength | Depending on Workload At least 5 to 6 |
| Billing Counter | Yes |
| Reception Area | Not Compulsory |
| Lab Area | Not Required |
TATA 1mg Franchise Investment Cost, Commision
The investment cost for a TATA 1mg franchise varies depending on several factors, including the location and size of the outlet. Generally, the initial investment can range from INR 10 lakhs to INR 30 lakhs. This investment covers expenses such as franchise fees, infrastructure setup, inventory, and marketing. It is important to note that these figures are approximate and subject to change, so it is advisable to connect directly with TATA 1mg for the most accurate and up-to-date investment details.
| Infrastructure Investment For Small | Rs.10 Lakhs – Rs.15 Lakhs |
| Infrastructure Investment For Big Which calculation is below | 9 lac approx |
| Franchise Fee | Rs.3 Lakhs – Rs.4 Lakhs |
The profit margin and potential returns of a TATA 1mg franchise are attractive, considering the brand’s established presence and customer base. As a franchise owner, you have the opportunity to earn a significant profit margin on the products and services offered. The actual profit margin may vary based on factors such as operational efficiency, market demand, and local competition. However, with the support and guidance provided by TATA 1mg, coupled with effective business
| Monthly Sales & Profit | |
| Total Sales | 60,00,000 |
| Expenses That Depend on Sales | |
| Purchases | 3,25,0000 |
| Transport | 30,0000 |
| Gross profit | 2,45,0000 |
| Profit Margin | 41% |
| Indirect Expenses | |
| Salaries | 30,0000 |
| Rent | 50,0000 |
| Electricity | 12,5000 |
| Royalty/Franchise fee @ 5% | 30,0000 |
| Advertisement & Marketing | 10,0000 |
| Others (telephone, travel, food, tax) | 15,0000 |
| Net Profit | 9,75000 |
| Net profit margin | 16% |
TATA 1mg Franchise 2024-25 Online Application Form
To apply for a TATA 1mg franchise, follow these steps:
- Visit the official TATA 1mg franchise website i.e. www.1mg.com/healthpartner
- Fill out the franchise application form with accurate details.
- Select the required documents and submit the application form.
- Await confirmation and further communication from the TATA 1mg franchise team.
Important Documents Required
To apply for a dealership with 1mg, you will typically need to provide the following important documents:
Identification Documents:
- Photocopy of your PAN card (Permanent Account Number)
- Aadhaar card (or any other government-issued identity proof)
Address Proof:
- Photocopy of your Aadhaar card (or any other government-issued address proof)
- Recent utility bills (electricity, water, gas, etc.)
- Rent agreement (if applicable)
Business Registration Documents:
- Certificate of incorporation (for companies)
- Partnership deed (for partnership firms)
- Sole proprietorship registration certificate (for sole proprietors)
- GST registration certificate
Trade License:
- Municipal trade license issued by the local authority
Bank Details:
- Bank account details of the business entity
- Canceled cheque leaf (bearing the entity’s name)
Shop/Store/Pharmacy Details:
- Rental agreement or ownership documents of the shop/store/pharmacy premises
- Layout plan of the premises
Medicines License:
- Valid medicines license issued by the competent authority (for selling medicines)
- Previous Experience (if applicable):
- Any relevant experience or certificates in the pharmaceutical or healthcare industry
- Passport-sized Photographs:
- Recent passport-sized photographs of the applicant
How to Become a TATA 1mg Franchise Owner?
- Visit the TATA 1mg official website @partners.1mg.com
- Look for the “Franchise Opportunities” or “Partner with Us” section.
- Fill out the franchise application form with the necessary details.
- Submit the form and wait for a response from the TATA 1mg team.
- Once your application is approved, a representative from TATA 1mg will get in touch with you to discuss further details and requirements.
- Fulfill the necessary criteria, including financial investment and other obligations.
- Sign the franchise agreement and start your journey as a TATA 1mg franchise owner.
Contact Details:
| Assistance | Numbers |
| Mail Id | Mail us at: care@1mg.com |
| CIN | U24290DL2016PTC302634 |
| Official Webpage | Vasant Square Mall, Pocket V, Sector B, South Delhi DL – 110070. |
| Official website | Click here |
Frequently Asked Questions (FAQs)
Q.1 What is TATA 1mg Franchise?
Ans. TATA 1mg Franchise is a business opportunity provided by TATA Group in collaboration with 1mg, a leading online healthcare platform in India. It allows individuals or entities to open their own retail outlet or online pharmacy store under the TATA 1mg brand.
Q.2 How can I apply for a TATA 1mg Franchise?
Ans. To apply for a TATA 1mg Franchise, you can visit the official website of TATA Group or 1mg and look for franchise opportunities. fill out the required details, The franchise team will review your application, and if selected, they will contact you for further proceedings.
Q.3 What are the requirements to become a TATA 1mg Franchisee?
Ans. To become a TATA 1mg Franchisee, you need to meet certain requirements. These may include:
- A minimum area requirement for the store or online pharmacy setup.
- Adequate infrastructure, including storage space and basic amenities.
- Availability of necessary licenses and permits as per local regulations.
- Experience or knowledge in the healthcare or pharmacy sector will be an added advantage.