If you have experience in Pharmaceutical market and want to start your own pharma company. These are steps for starting Pharma Company in India. For more information visit http://www.pharmaadda.in/how-to-start-a-pharma-company-in-india

1. How to Start a Pharma company in
India

2. • Healthcare and pharmaceutical sectors are showing good growt
h, and it seems that the future is pretty bright.
• Therefore, the early you start the business, the better it is. The In
dian pharmaceuticals market is the third largest in terms of volum
e and thirteenth largest in terms of value, as per a report by Equity
Master.
• India is the largest provider of generic drugs globally, with the Ind
ian generics accounting for 20 per cent of global exports in terms
of volume.

3. Basic Types of Pharmaceutical
Companies

4. • Brand Developers: Large and established pharmaceutical companies, s
uch as Pfizer and Novartis, have a large number of drugs on the market.
These mainline pharmaceutical firms have internationally acclaimed rese
arch and development laboratories and a large number of manufacturing
plants.
• Research and Development: Smaller research and development pharm
aceutical companies may not have any approved drugs on the market, bu
t continue to focus on research, such as clinical trial observation.
• Generic: A number of drugs on the market no longer have patent protect
ion. Generic pharmaceutical companies bring these drugs back to the ma
rket after patent expiration as less expensive
versions.

5. • Drug marketing: Marketing companies in the pharma industry help increase the market
reach of drugs. At times, a manufacturing company cannot sell its product in a specific re
gion because the company lacks a license or marketing network to do so.
• Other Types: Additional pharmaceutical companies also exist within the pharmaceutical
industry. This includes those companies that manufacturer bulk compounds and chemic
als for use in the production of prescription and over-the-counter pharmaceuticals.

6. Based upon their marketing, sale and work basis irrespective
of marketing and/or manufacturing type the company can f
all under any categories of
•Generic
•Franchise
•Pcd
•Branded/Ethical
•Speciality company e.g. Derma, ophhalmic, cardiac,
etc
•Export or Import
•OTC
•Distribution

7. Following Steps are needed to start a Pharma manu
facturing firm in India

8. According to Experts, primarily there are five steps to s
tart any pharmaceutical company. Out of the five steps,
the first three are mandatory to start.
• Company Registration is the first step (in case of proprieto
rship you can skip this process)
• Wholesale Drug License Get Drug License Number
• Generate Goods and Service Tax Number which is import
ant

9. • Get the trademark registered
• FSSAI Registration (In case of selling Food and Dietary Supplem
ents also)

10. Main Procedure and Sequence to proceed
in starting Pharma Company

11. •First and the important step is to Write a Business Plan and find
a Company Name
• You should also know the Brand Names and Choice of molecule
s
• Design of Company Logo and Printing/Promotional Material
• Fix the infrastructure (place, premises, and building) for setup
• Fund generation (own, loan, investment, etc)
• Company Registration

12. • Trade Mark Registration (Optional)
• Wholesale Drug License (For both Marketing and Manufacturing Company)
• Manufacturing License (For Manufacturing Company)
• Goods and Service Tax Identification Number (GSTIN)
• FSSAI License (If required)
• Search for Vendors (For marketing Companies, Third Party/Contract Manufacturers or
Loan license manufacturers. For Manufacturing Companies, Packing material suppliers,
raw material & bulk drug suppliers and other requirements fulfillers)

13. • Finalize Packaging and Packing, Design Material for medicines boxes, l
abel, foils, etc
• Start manufacturing in the case of a manufacturing company
• Place order to a manufacturer on the basis of third-party manufacturing/
contract manufacturing/ Loan Licensing in case of a marketing company.
• When the products are ready to sell, initiate marketing and promoting pr
oducts.

14. Conclusion:
• Healthcare and pharmaceutical sectors are showing good g
rowth, and starting the pharmaceutical company could be a
good choice as it seems that the future is bright.
• The process involves various steps. You need to gather res
ources and data from recognized and valid sources.
• The Internet makes the task much easier.
• Therefore, the early you start the business, the better it is.