Tata 1mg Franchise -Eligibility, Cost, Profit, Applying Process

How to apply for the Tata 1mg Franchise?

Today we are going to discuss about the Tata 1mg franchise that what will be the investment, profit, Documents required and how to contact to the company or apply for the franchise? So, after reading this article  i can surely say that you can apply for the Tata 1mg Franchise.

 

As we know that pharmacy business is the evergreen business, because after covid 19 pandemic all business sector get many looses except pharmaceutical business.

And recently Tata company acquire the e pharmacy company 1mg. So, I think this is the best option to connect with such a big company. So, in this article you get deep knowledge about all the information about Tata 1mg franchise.

 

Also read: How to apply for the SastaSundar  pharmacy franchise?

Tata 1mg Franchise details:

Websitehttps://www.1mg.com/
TypePrivately Held
IndustryE pharmacy
Founded2015
HeadquartersGurgaon, Haryana
Company size201-500 employees
Specialties
Technology, Product, Analytics, Healthcare, Medical, Operations, Marketing, and ePharmacy

If you want to join with Tata 1mg then let me clear one thing that, it is not like any franchise actually they are running an affiliate program or you can say referral program ‘Sehat Ke Sathi‘.

In this program you can get three type of services like Pharmacy service, online doctor consultancy service and last one is the lab test facility. So, if you’ll join the affiliate program of Tata 1mg then, you have to generate more n more sales.

Currently there are more than 100 Saathi’s (LGVs) working with Tata 1mg already and earning a good amount on a monthly basis.

Tata 1mg Franchise eligibility criteria :

  • Any person can take this franchise, there is no any particular  degree requirement.
  • Make sure you can generate sales for Tata 1mg in your area.
  • There is not any need to have a shop but if you have shop more n more people visit you shop after seeing the Tata 1mg board.
  • You have to pay one time investment 10,000 + gst.

Note:

  • If Tata 1mg don’t find the orders of a minimum of Rs. 1,00,000 within 3 months then your coupon codes will be deactivated.( Good amount business should be more than Rs. 1,00,000 per month)
  • But initially not compulsory to do that much of sale if you are working properly then company will support you.
  • Company don’t open offline or physical pharmacy stores or any kind of logistic partnership.

 

Also Read: Jockey Franchise in India – Cost, Profit, Requirements, Apply

 

Documents Required:

Following are the documents required in case if the vendor is a company.

1. Certificate of Incorporation.
2. PAN card.
3. GST No.
4. Details of authorized signatory along with Board Resolution.
5. Cancelled cheque
6. Shop and establishment license.

In case if the vendor running its business in the form of Partnership firm:

1. Copy of Partnership Deed
2. Details of authorized signatory
3. PAN card
4. Cancelled cheque
5. GST No.

And in case of individual:

1. PAN
2. Cancel Cheque
3. Adhar card.

4. Photograph, Email ID, Phone Number

 

Also Read: Hero Electric Dealership-Cost, Profit, Applying Process

 

Benefits Of Tata 1mg franchise:

As a partner, your sole objective is to refer patients to 1mg.com. On each referral, you’ll earn a good amount of money as :
1. % commission as :
Monthly Delivered Sales (INR)% of Lead fees on pharmacy services% of Lead fees on diagnostic services
Up to INR 5 lakh6% of the delivered order value10% of the delivered order value
Above INR 5 lakh – up to INR 50 Lakh8% of the delivered order value12% of the delivered order value
Above 50 Lakh10% of the delivered order value15% 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;
4. Dedicated key account manager on a WhatsApp group who will solve your queries;
5. They will provide marketing support ( 500 visiting cards, 1mg display board, standee’s, Glucometer, BP Machine).

How to apply for the Tata 1mg Franchise?

To apply for the Tata 1mg franchise, you have to visit its official site: https://www.1mg.com/ 

 

  • Click on the above link.

Tata 1mg Franchise

  • Now click on the ‘Click Here’ to become Tata 1mg Affiliate Partner.
  • Now a new window open in which you have to fill all the required details.
  • Fill the form successfully.
  • Tata 1mg team will take ~7-14 days to respond, if your application is selected for further discussions and processing. 
  • There will be a one-time non-refundable sign up fee of Rs. 10,000 + GST, towards onboarding and initial marketing fees.

 

Payout Process: 

  • You shall on the basis of the Completed Order reconciled each month-end shall raise an invoice for every month by 15th of next month charging the Commission payable by Company. The company will also raise the PO as per your invoice.
  • And You have to sign a hard copy of both invoice & PO & has to  share a hard copy with 1mg.
  • Please get your agreement and documents processes clear with 1mg so that there is no problem with your payout.

 

Also Read: How to apply for the Haldiram Multiple Outlet Franchise?

 

Contact Details:

Corporate Details:

CIN :U24290DL2016PTC302634

Location:

Registered Address
B-23, G. T. Karnal Road,
Industrial  Area, Delhi -110033, India
Postal Address:

Corporate Address:

5th Floor Tower – B of The Presidency Building,
46/4 Mehrauli Gurgaon Road, Sector 14,
Gurugram, Haryana-122001, India

F.A.Q(Frequently asked question):

Q. Franchise fee is refundable or not?

Ans: No

Q. Drug Licence is required or not?

Ans: Currently no, but further it may be.

Q. Total Investment?

Ans: 10000 + GST(18%) = Rs 11800

Q. Is it profitable or not?

Ans: If you have a good base of customer then it is profitable.

 

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5 thoughts on “Tata 1mg Franchise -Eligibility, Cost, Profit, Applying Process

  • October 27, 2021 at 9:14 am
    Permalink

    Call me9939011978

    Reply
  • December 11, 2021 at 7:32 pm
    Permalink

    No response from Tata 1mg company

    Reply
    • July 17, 2022 at 8:13 am
      Permalink

      I had shown my interest and sent you a form filled up and a prompt reply was sent about 10 days ago with a promise of being called soon, but no response after that.Eagerly waiting for your response.

      Reply
  • February 16, 2022 at 3:02 pm
    Permalink

    How to touch with customers?

    Reply
  • July 18, 2022 at 10:45 am
    Permalink

    Please contact me

    Reply

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