Everyone in the business, market or in the industry wants to make growth with the development of resources and passage of time. Whether this growth may involve starting their own business or start-up or start generating profits by making different types of investment in start-ups with the scope of development. The Pharmaceutical Industry is not much different from others.  In this field, every professional having experience of operations of a pharma company keeps a dream in their mind about opening their own pharma company.

But most of them take their steps back due to their limited knowledge or lack of information, due to insufficient financial resources and also due to the fear of failure of their newly started pharma business or start-up. But the professionals or individual who are serving from a long time in the pharma industry and keeps the courage to take challenges, if opt to start their own pharmaceutical company or pharma the company,  may get an advantage due to their knowledge and experience gained by devoting their several years in this pharma industry.

With the experience of working in this pharma niche, they can do better as compared to those who dona€™t possess this kind of knowledge. Along with these, the friendly approach of Indian The government towards the encouragement of the start-ups in India may help them in establishing their successful pharma business and plan to go ahead.


Here are the two major two divisions to get started for a pharmaceutical company:

• Pharmaceutical Marketing Company
• Pharmaceutical Manufacturing Company

As the name suggests Pharmaceutical Marketing Companies helps the pharma companies using and preparing marketing strategies for generating revenue by generating leads and bringing new clients to their business. Their functioning is related to marketing the company, product, handling the companya€™s marketing campaigns, etc.

These pharma marketing companies prepare strategies and provide suggestions to their clients to give them a competitive edge over their counterparts like:

• Providing free samples in the market to the vendors, doctors to increase the reachability and strengths of their product in the market.
• Focusing more on the use of digital medium like social media, internet for the promotion of their brand and products over the traditional resources. It may include video promotion, social media posting, content marketing, blog submission on relevant platforms, etc.
• The most important part, become a part of the digital evolution. Those days when somebody looks for the traditional resources for the information have gone now. Now everybody seeks the internet for their need for information. So it would be beneficial if there is something on the internet about our pharma company and our products. And it can be started by having at least a basic website which gives some sort of information about our company and products. And after that services like digital marketing can be used to generate new leads and queries.

On the other hand, setting up a Pharmaceuticals Manufacturing Company could a little bit stiff tasks for a newcomer unless he has the backing of the experienced individuals or a team of experts having experience of working in a pharma manufacturing company. It is a bit difficult to set up it as compared to setting up other manufacturing units in other fields. In order to set it up, we have to cope with several rules and regulations like:

• GMP Certifications (Goods Manufacturing Procedure Requirements) 
• Factory Act Regulations

Pharmaceutical manufacturing  combines different sort of activities like the arrangement of raw material, processing of raw material, maintaining manufacturing standards, releasing and storing the stocks or end product and shipping or dispatching of the prepared stock.
Here are some steps for starting a Pharmaceutical Company:

• Company Registration: It is necessary, but can be skipped in case of the proprietorship
  
• Trade Mark Registration: Ita€™s also optional and depends upon whether a business is interested in registering for the trademarks of the products.
  
• Wholesale Drug Licence: It is necessary to obtain a wholesale drug license for both pharmaceutical manufacturing and a marketing company in order to start their operations.
  
• GST Registration: Goods and Service Tax Identification Number (GSTIN) is a must to operate in the market.
  
• FSSAI Registration Number: It is necessary, if the company is planning to sell food and dietary supplements.
  
• Arrangement of Funds: Try to gather all the resources for the fund generation of this new business. It can be our own savings, investments or maybe the arrangement of loans, etc.
  
• Finalizing The Infrastructure:  Make the arrangement of the premises or building for the operation of your pharma company.

In conclusion, we can say that, it is better to have some sort of knowledge of the process of a pharma company or having partners or a team of professionals having knowledge of analytical and operations of a pharma company, before starting our own pharmaceutical company.