How to Identify Fake PCD Pharma Franchise Company in India

In recent times, the PCD Pharma franchise model has gained tremendous popularity and acceptance from business seekers. Now, every pharmaceutical company in India has been focusing on providing franchise businesses to individuals in order to capture bigger and better geographic markets. From this, franchise partners get extremely benefited and seize opportunities in order to build their own careers. 

Therefore, franchising in pharmaceuticals has become an integral and prominent part of the pharmaceutical industry. To enter the pharmaceutical industry, individuals seek franchise ownership from pharmaceutical companies. 

But sometimes, unfortunately, they get caught up with wrong, unethical, or even face PCD Pharma Franchise companies that impose themselves as genuine and authentic franchise firms of pharmaceuticals. Hence, it is extremely important to identify those imposters and fake companies to guard yourself from any fraud and con.

Let us help you make a distinguished difference between a fake and genuine pharmaceutical company for pharma franchise acquisition.

Check for Proper Licensing and Certifications

Legitimate PCD Pharma companies strictly follow all domestic and international regulatory standards to comply with ethical manufacturing and business practices.

• Drug Controller General of India (DCGI)

• Goods and Services Tax (GST) authority

• Food and Drug Administration (FDA)

• ISO Certification

Any fake company would definitely not have such certificates and approvals. They will try to dodge or hide their incapability of adhering to quality compliances.

Verify the Company’s Physical Existence

A fake or con PCD pharma company in India would definitely not have any real or actual presence. They always operate virtually without letting you know their exact location. Therefore, you must visit the company's premises at least once before a partnership agreement and ensure the physical presence of a manufacturing unit.

• Registered office address

• Factory or warehouse location

• Contact number that works

• Availability of Google reviews or Google Maps listing

Physical meetings can offer you inside working for a pharmaceutical company. 

Avoid Companies Asking for Huge Upfront Payments

Fraudulent or fake pharma franchise companies often ask for advances in lump-sum payments. They will ensure that you fall into their trap by requesting payments before any concrete documentation. On the contrary, genuine or reliable pharmaceuticals would provide their costing and all related details upfront to maintain business transparency.

No Proper Product Range or Promotional Support

A genuine PCD Pharma franchise company in India provides:

• A well-documented product list with MRP and compositions

• Product samples on request

• Visual aids, promotional material, and monopoly rights

Fake companies often avoid product deliveries, or else they would give you unlabeled, fake products manufactured in someone's backyard.

Unprofessional Communication and Poor Online Presence

Fake companies often refrain from direct and transparent communication to their customers. They always have poor online presence in order to hide their real identity and their intentions. 

Fake companies may use:- 

• Use free email IDs instead of domain-based emails

• Have poorly made websites with copied content

• Be absent from professional platforms like PharmaHopers, TradeIndia, or IndiaMART

Always perform a background check for online footprints and assess feedback under a microscope because they can be fake and misleading. 

In Conclusion, 

With the right knowledge, you can safeguard yourself from scams. Always perform a deep assessment of potential pharma companies in order to avoid any fraud. In the Indian pharmaceutical sector, there are few companies which are genuine and authentic, but they do not care for their franchise partners. Once the franchise is sold to an individual, they leave you in the middle of the ocean by yourself. Therefore, you must also avoid such pharmaceutical companies as well. Reach out to the companies that have their own pharma manufacturing with complete transparency and adherence to quality standards. By focusing on a clear and direct approach towards business acquisition, you will definitely be able to partner with a genuine and supportive PCD Pharma Franchise Company in India.

Else, 

Join Casca Remedies, a trusted name in pharmaceuticals since 1988.