India has witnessed a major paradigm shift in the way the country’s healthcare industry operates. From traditional chemist shops, the industry has moved to high-tech, organised retail outlets where customers can avail themselves not only of pills and medicines but also a whole range of other products. In the year 2026, the retail pharmacy market has moved from merely being a marketplace to becoming an essential component of the community. It is also expected to touch a valuation of $37.9 billion by the year 2032.
MedPlus, the second-largest pharmacy chain with over 4,700 outlets, is the epicentre of the pharmacy and retail revolution. Moreover, the year-on-year growth rate of the organised retail market is an impressive 20%, and investing in a pharmacy franchise is considered the best way to navigate through the recession. Irrespective of the economic downturn, the demand for medicines, whether life-saving drugs or supplements, remains constant.
In the article, we will explore the MedPlus franchise cost, profit, and application procedure. So, let’s begin!
About Medplus
MedPlus is the second-largest pharmacy chain in India and was started by Dr Madhukar Gangadi in the year 2006. It is famous for revolutionising the retail pharmacy environment and making it friendlier to clients through technology. The brand currently operates over 2500 outlets nationwide and touches millions of customers directly through its physical stores, an online portal, and a home delivery service. MedPlus has many of its own USPs. First, it is the forerunner in developing a hub-and-spoke model for inventory management in the retail pharmacy sector in India, which helps it enhance supply chain efficiency while having a guaranteed availability of medications. The arduous six-point quality checks ensure that customers receive authentic medications, thus solving one of the most pressing issues in the Indian pharmaceutical market.
MedPlus’s direct presence is complemented by physical stores, a website, and a mobile application so that the customer can access it through various avenues. Medical supplies are sourced directly from manufacturers, eliminating intermediaries to offer competitive pricing. This translates into 10-30% discounts on medicines and nearly 40% discounts on private-label products.
MedPlus is seen as consistently growing in terms of its finances and revenue, from ₹2870 crore in FY 2020-21 to above ₹4000 crore in FY 2023-24. This shows that the company has made profits in the last few years, with net profit being approximately ₹64 crore according to FY2022-23, which indicates extreme operational efficiency and sustainability of business. Being the market leader in the healthcare retail industry, MedPlus is still growing, and it is of great benefit to franchisees to partner with this profitable business in India.
Understanding the MedPlus Franchise Cost is essential for investors looking to partner with this profitable and growing business in India.
What is a MedPlus Franchise?
MedPlus was founded by Dr Madhukar Gangadi in 2006 and has come a long way from a small outlet to a healthcare giant with a massive retail footprint of over 4,700 outlets across 12 states. MedPlus has achieved this by pioneering transparency and technology, becoming the first retailer to introduce bar-coded products and an integrated omnichannel retail model.
MedPlus bridges the gap between a neighbourhood retail outlet and an e-commerce leader by serving over 250,000 customers daily. Their vision is to revolutionise the way healthcare is delivered by ensuring that every Indian can access authentic, high-quality medicines at affordable prices.
What a MedPlus Franchise Partner Does
As a franchise partner of the MedPlus brand, you play a vital role in upholding the MedPlus tradition of trust and efficiency. Here’s what you need to do:
- Inventory & Operations: You will need to manage automated inventory systems to monitor local demand, ensuring vital drugs are always available while avoiding excessive capital tied up in slow-selling products.
- Sales & Service: Franchise partners will handle sales to walk-in customers and online orders through our MedPlus app, maintaining high standards of customer interaction.
- Licensing & Compliance: The franchise partner is responsible for maintaining the pharmacy license, ensuring the shop complies with all local health department regulations, and filing GST returns.
Why Invest in MedPlus Franchise 2026?
Pharmaceuticals are one of the most stable investment options in India today. The investment scenario in 2026 is lucrative, especially when considering the penetration of digital technologies in Tier II and Tier III cities. Here’s why:
- Recession Resistance: As healthcare is a non-discretionary expense, people will always spend money on medicine, making your cash flow predictable even in an economic downturn. MedPlus, with over 5,100 stores across India, demonstrates the resilience of organised pharmacy retail, consistently reporting 10–15% year-on-year revenue growth even during challenging periods.
- Repeat Business: Chronic patients (diabetes, hypertension) require monthly refills, providing a guaranteed monthly revenue stream from a loyal customer base. MedPlus stores benefit from this, with mature stores delivering double-digit revenue growth and ensuring predictable, recurring sales.
- Brand Authority: By partnering with MedPlus, you don’t have to spend money on advertising, as the brand’s national presence ensures that customers will come knocking on your doorstep. With a strong omnichannel presence and a trusted brand, the company generated ₹18,061 million in revenue in Q3 FY26, proving that its network attracts customers both online and offline.
- Omnichannel Revenue: You benefit not just from walk-ins but also from orders placed on the MedPlus Mart website that are assigned to your location. The integration of online and offline sales has boosted the company’s gross margin to ~26%, allowing store owners to maximise profitability.
- Professional Growth: The pharmacy business is expected to double in the coming years, making early movers in organised retail a lucrative bet for significant capital appreciation. MedPlus continues to expand, adding around 400 stores in just 9 months of FY26.
Medplus Franchise Cost Analysis
The initial investment required for this franchise business is spread across various aspects of the franchise. Here’s a breakdown of the estimated costs:
- Franchise Fee: The initial fee that franchisees pay is between ₹10 to ₹12 lakhs, depending on the room and market area.
- Inventory Cost: The initial product inventory of medicines and health care products involves an investment of about ₹10 to ₹15 lakhs.
- Store Setup: The interior, furniture, and equipment for the store might cost between ₹ 5 lakhs ₹ 8 lakhs.
- Technology and Software: POS along with other necessary software’s for successful operation in Medplus which is available at a price range of ₹1 to ₹2 lakhs.
- Working Capital: The establishment’s operating expenses, employee wages, water, electricity, and rent for the initial months may amount to around ₹3 to ₹5 lakhs in working capital.
Here’s a table summarising the investment breakdown for opening a Medplus franchise:
MedPlus Franchise Cost in India (2026 Updated)
To start a MedPlus franchise, you need a well-planned capital allocation plan. The costs are standardised but vary by location (Metro or Tier II cities) and the condition of your premises.
| Investment Component | Estimated Cost (INR) |
| Franchise/Partner Fee | ₹2,00,000 – ₹3,00,000 |
| Store Setup & Interiors | ₹5,00,000 – ₹8,00,000 |
| IT, POS & Equipment | ₹2,00,000 – ₹3,00,000 |
| Initial Inventory (Stock) | ₹6,00,000 – ₹8,00,000 |
| Rental Advance & Licensing | ₹2,00,000 – ₹3,00,000 |
| Total Initial Investment | ₹17.5 Lakhs – ₹23 Lakhs |
Note for Pharmacists: If you have 2+ years of experience working within the MedPlus ecosystem, you can also look at specialised “Pharmacist Franchise” models, which can be started for as low as ₹5 Lakhs.
Several factors that determine your total investment include :
- Location: Higher rents command top-end prime commercial areas: Rs 3-6 lakh
- Store size: For an average MedPlus outlet, 500-800 sq. ft. is required. Larger format stores require space up to 1,200 sq. ft.
- Regional Variation: Typically, investment is 15-20% higher for metropolitan markets as compared to Tier 2/3 cities
- Store type: MedPlus offers multiple formats-including a regular pharmacy-a MedPlus Mart, a larger format, and MedPlus Lab with diagnostic services.
The company expects its franchisee to keep a minimum liquidity of ₹ 15 lakh so as to provide the franchisee an easy run in the initial growth phase.
Expected Profit & Profit Margins 2026
- Net Profit Margin: Franchisees can expect up to 20% margins for branded medicine sales. This may increase for private labels and FMCG.
- Monthly Sales Potential: A store in a high-residential-density area can generate sales ranging from Rs. 8 Lakhs to Rs. 15 Lakhs.
- Estimated Monthly Income: After deducting costs like rent, staff salaries, and electricity, an investor can expect to take home an income ranging from Rs. 80,000 to Rs. 1.5 Lakhs.
- ROI/Break-even: Given the high repeat-sales nature of this business, all stores can break even within 12 to 18 months.
Additional income streams for MedPlus franchisees include OTC products, prescription medications, wellness products, and private-label products, with margins as high as 40%. Franchisees also benefit from diagnostic services, further increasing revenue potential. The company’s established loyalty program, with approximately 8 million active members, contributes to repeat business and higher average transaction values.
Furthermore, a MedPlus franchise gains a competitive advantage through omnichannel sales capabilities that seamlessly integrate with MedPlus’s e-pharmacy platform, creating additional revenue opportunities. Given the MedPlus Franchise Cost, this business model offers a profitable, scalable investment for entrepreneurs looking to enter the organised pharmacy sector.
Space and Location Requirements
To open a Medplus franchise, you’ll need a commercial space with the following specifications:
- Size: The best store size for this business should be between 300 and 500 sq ft, so that the physical layout provides enough space for displaying stock and handling customer traffic.
- Location: The store should be ideally located in an area of through traffic for instance close to apartments, hospitals, or markets.
- Accessibility: Visibility is important, and for customers, facilities for parking, where feasible, should be easily accessible.
Medplus helps its franchisees decide the right location that will impact the target customer base and profitability.Here’s a table summarizing the space and location requirements for opening a this franchise:
| Franchise Type | Space Required (sq ft) | Preferred Location |
| Medplus Franchise | 300 – 500 sq ft | High foot-traffic areas (near apartments, hospitals, or markets) |
How to Apply for MedPlus Franchise 2026: Step-by-Step Process
Joining the MedPlus family is an easy, systematic process that ensures both parties are ready to take off and succeed. Below are the steps that you should take to partner with MedPlus:
- Initial Inquiry: Visit the official MedPlusMart website or contact their franchise desk to submit your basic details and interest.
- Location Scouting: Identify a 300–500 sq. ft. space in a high-visibility area; the MedPlus team will then conduct a feasibility study.
- Documentation & MOU: Once the location is approved, you will sign a Memorandum of Understanding (MOU) and pay the initial franchise fee.
- Store Transformation: The brand provides the layout and branding guidelines for interiors, shelving, and IT setup to ensure a uniform customer experience.
- Training & Launch: You and your staff will undergo rigorous operational training before the inaugural stock is delivered for the grand opening.
Official Contact & Enquiry Details
In order to ensure that you are indeed dealing with the official corporate office as opposed to a third-party agent, the following details can be relied upon:
- Website: www.medplusmart.com/
- Franchise Link: https://ohs.medplusindia.com/franchise-details
- Phone: 040 6700 6700 (from 9 AM to 10 PM)
- Email: wecare@medplusmart.com / franchise@medplusindia.com
- Head Office: MedPlus Health Services Limited, 7th Floor, Taramandal Commercial Complex, Saifabad, Hyderabad – 500004.
Who Should Consider This Franchise?
MedPlus’s business model is for individuals who are willing to marry the ethics of the pharmaceutical industry with the discipline of retail. It is particularly recommended for the following categories of people:
- Hardworking Entrepreneurs: Those who are willing to personally get involved in the business as opposed to treating this as a side business.
- Local Visionaries: Those who have access to prime properties (300+ sq. ft.) located in growing residential areas or near hospitals.
- Qualified Pharmacists: Those who want to transition from being employed to being the owner of a business while still benefiting from a business model that is backed by technology.
- Analytical Minds: Those who can understand the basics of a P&L statement, trade margins, etc.
- Community Leaders: Those who want to establish a business that genuinely adds value to their neighbourhood.
Training and Support from Medplus
MedPlus also ensures that its franchisees are well prepared to manage their businesses. Here’s what the company offers:
- Training Programs: Medplus also offers basic and refresher courses in merchandising and stock control, as well as communication and selling skills.
- Operational Support: Clients receive assistance with store layout, software acquisition, and general management services.
- Marketing Assistance: Medplus only manages brand-level promotions and offers promotional tools to reach local consumers.
- Supply Chain Support: The company has worked to minimise supply risks that could cause stockouts, ensuring products are provided.
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Pros & Cons
Pros
- Established Brand: A trusted name guarantees customers.
- Comprehensive Support: Medplus offers training, operational, and marketing support in its service.
- Wide Product Range: Serves different and multiple customers in the sense that they sell all sorts of products, ranging from medicines to other products
- Proven Model: Established businesses have lower risks.
- Multi-Channel Sales: Sales are made both in physical stores and online.
- High Demand: Advances in health care mean a constant stream of customers.
Cons
- High Initial Investment: This is why it requires a lot of capital at the start of the business.
- Location Sensitivity: The key factor of success is the store’s location.
- Limited Flexibility: Franchise rules limit independence because franchisees must follow them.
- Operational Challenges: Handling inventory and compliance issues can be challenging.
- Market Competition: Faces competition from other pharmacy chains and online marketplaces.
Conclusion
The MedPlus franchise business opportunity is best suited to those looking to invest in the healthcare industry. MedPlus has a well-established brand, strong support services, and benefits from growing market demand for quality healthcare products, making it a solid investment. However, while the MedPlus Franchise Cost is relatively high, the business remains location-sensitive, ensuring long-term profitability and stable revenue.
Additional advantages include high margins, a well-integrated supply chain, and MedPlus’s broad and flexible sales channels, which enhance profitability.
For those dedicated to providing healthcare solutions and willing to invest in a proven, successful business model, a MedPlus franchise offers an excellent opportunity to establish a vibrant, lucrative business.
FAQs
Is this pharmacy franchise making money?
Indeed, this particular pharmacy franchise offers high profitability and reliable returns on the investment.
How much does this company make per year?
It is a leading company in the market, with annual revenue of more than ₹4,000 crores, underscoring its position and performance.
Should one invest in this retail pharmacy business?
Absolutely. It is one of the largest and most reputable retail pharmacy chains. It is also reliable and lucrative because it runs smoothly; customers are often loyal to this chain, and franchises are popular.
Who is the CEO of the company?
Madhukar Gangadi, the chief executive officer and founder of this pharmacy chain, has been instrumental in its expansion.
Who are its competitors?
Some main competitors are Apollo Pharmacy, Netmeds, Tata 1mg, and Wellness Forever, the main players in the same retail healthcare market.
