Genericart Medicine Franchise
Royalty-free generic-medicine pharmacy franchise: ₹8–10 L retail shop (150 sq ft) or ₹25–40 L Medicine Mall (1,500 sq ft), plus working capital.
Genericart Medicine franchise at a glance (terms checked Sept 2026)
Investment
₹8 L - ₹40 L
excl. working capital · In line with the category (typical ₹14.5 L–₹33.44 L, median ₹21.43 L, 8 verified brands)
Ongoing take
No royalty
Franchise fee
Not published
Payback
24–60 months*
* Not verified — the brand doesn't publish this; the figure comes from other published sources or FranchiseChuno's estimate (see "Reported elsewhere" and "Our estimates" below). Real numbers can differ.
- Claims 2,000 outlets; its own locator lists 379
- Disputes with franchisees: None found (records checked Sep 2026)
- Profit or loss: Profit of ₹4.1 Cr in FY25
- Revenue trend: +21% revenue FY24→FY25
Franchisor strength isn't franchisee profit — check real outlet numbers.
Outlets
379 verified
Brand claims 2,000
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Network growth
- • Fee refund
Ask before you sign
- Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
- Ask whether you get an exclusive territory, and how large it is.
Franchise terms checked against Genericart Medicine's official franchise page on 27 Sept 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Investment Breakdown
Per franchisorState fee per the Maharashtra FDA applicant guide (2017); other states differ.
Ongoing charges
Model your own numbers in our calculator
Open the ROI calculator* Breakdown as published by Genericart Medicine.
Ways to Partner with Genericart Medicine
2 partner models published by the brand. Figures it doesn't publish are left blank.
Medicine Retail Shop
- Investment
- ₹8 L – ₹10 L
- Space
- From 150 sq ft
- Who it suits
- Main road, market place or high-footfall commercial area; no basement or semi-basement
Plus ₹3–4 L working capital. FOFO: the franchisee owns and runs the store.
Medicine Mall
- Investment
- ₹25 L – ₹40 L
- Space
- From 1,500 sq ft
- Who it suits
- Shopping mall, prime commercial zone or high-footfall urban area; no basement or semi-basement
Plus ₹5–8 L working capital. Large-format pharmacy ("Genericart and Generals Medicine Mall").
Our Estimates
FranchiseChuno estimateGenericart Medicine doesn't publish these, so here is our best read of the market and how we got there. They are our estimates, not the brand's figures — use them to plan, then confirm the real numbers in writing.
Monthly profit of a Medicine Retail Shop
₹20,000–60,000*
Assumes a 150–300 sq ft shop selling ₹2–3 L of medicines a month once established, and a realised margin of 35–45% (below Genericart's "average 50%" because generic stores discount off MRP). Monthly costs of about ₹50,000–80,000 cover rent (₹15,000–40,000 in a small town), a registered pharmacist (₹15,000–25,000), a helper, power and software. A shop stuck near ₹1.5 L of sales barely breaks even.
Unit-economics model · Sep 2026
Payback for a Medicine Retail Shop
24–60 months*
Treats the ₹8–10 L store outlay as the amount to recover; the ₹3–4 L working capital sits in stock and is largely recoverable. At the top of our ₹20,000–60,000 monthly profit estimate, ₹8 L is recovered in about 13–14 months, plus a 6–12 month ramp-up while the customer base builds: about 2 years. At ₹20,000 a month, ₹10 L takes about 50 months plus the ramp-up: about 5 years. A shop stuck near ₹1.5 L of monthly sales may never pay back.
Unit-economics model · Sep 2026
Unit Economics
Brand's own figuresHow Genericart Medicine says an outlet's numbers work. These are illustrations, not guarantees — check them against existing franchisees before you sign.
- Average shop marginBrochure: "average 50% margin for shop or more than that". Not defined; reads as the margin on medicine sales before rent and salaries, not net profit.
- 50 %
Reputation & News
What the press, courts and real franchisees or customers have said about Genericart Medicine — summarised by us, with every source linked.
- Customer view· Sep 2026★ 3.9/5 · 2,100 ratings
Customer app rated 3.9 on Google Play, with delivery and expiry complaints
Genericart's medicine-ordering app has a 3.9-star rating from about 2,100 reviews and over 1 lakh downloads on Google Play. Recent reviews praise the app's ease of use and savings, while others complain of late delivery, hard-to-reach support, a pill-reminder feature that does not work and medicines delivered close to expiry. The company replies to complaints on the page.
Source: Google Play — Genericart Medicines app - In the news· Aug 2020
2020 profile: founders on starting in Miraj and national expansion
In an August 2020 profile, directors Salim Sayyed and Shripad Kolhatkar said they opened their first shop in Miraj in July 2015 and had surveyed 25,000 people about generic medicines. They said the company then had more than 1,100 registered shops, branded Swast Aushadhi Seva or Genericart Medicine, in Maharashtra, Karnataka and Kerala. The piece is based on the founders' own statements.
Source: iU eMagazine
Store support tools ('Generic Mitra')
- Medicine ordering through a franchise mobile app
- Customer support for online sales
- In-house online/offline POS software (POS V2.0)
- Zero-expiry management system
- Quality-control certificate for every product and batch
- Google map listing and online-service add-ons
- Additional earning platform for high-performing shops
- Registered customers stay tagged to their store
Source: Genericart comparison brochure
Training programme
- Dedicated training for shop owners: one-time classroom training, repeated every 6 months
- Quarterly business-development sessions
- Monthly virtual and teleconference support
- New-pharmacist training programme
- Quarterly pharmacist development programme (PDP)
- Joint sessions with FDA authorities and pharmacists
Source: Genericart — franchise page
Products and in-store services
- Generic medicines, surgical equipment, injectables, medical consumables, cosmetics and personal care
- Free blood-pressure monitoring
- Low-cost blood-sugar testing (FBS/RBS)
- Patient counselling
- Home delivery
- Free medical consultation camps
- Can source special medicines for cancer and other disorders
Source: Genericart — About (Products and Services)
Stated expansion plans
- 25,000+ Genericart stores across India
- Dark-store models in Tier 1 and Tier 2 cities
- Stronger presence in Tier 3 and Tier 4 cities
- More online delivery channels (target: 110)
- Better mobile app and loyalty programme
Source: Genericart — About (Vision, Future Expansion)
Offices and warehouses
| Type | Location |
|---|---|
| Head office | Miraj, Maharashtra |
| Office | Patna, Bihar |
| Office and warehouse | Belagavi, Karnataka |
| Office and warehouse | Agartala, Tripura |
| Warehouse | Miraj, Maharashtra |
| Warehouse | Chhatrapati Sambhajinagar, Maharashtra |
Source: Genericart — Contact
Key Terms at Genericart Medicine
The clauses that shape day-to-day running and your exit — read these before the fee.
- Supply & stock
- Genericart supplies stock from its own warehouses with free delivery to the store and 30-day bill-to-bill credit; whether stores must buy only from Genericart is not stated.
- Renewal
- The franchise contract runs 5 years and can be renewed; the brand says it does not take back good sites at the end of the term (Genericart's franchisee FAQ, archived Oct 2018).
- Selling the franchise
- A franchisee may sell the franchise after informing Genericart, which vets the buyer and sets the procedure both sides must follow (franchisee FAQ, archived Oct 2018).
- Other terms
- The franchisee is responsible for choosing the location and negotiating the rent; Genericart's site study is advisory (franchisee FAQ, archived Oct 2018).
- Customers registered with a store stay tagged to that store and cannot be switched to another (brochure).
Funding options
Supplier credit
Genericart Medicine
30-day bill-to-bill credit on supplies, plus a cash-discount facility and free delivery from the warehouse
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
Franchisee-Owned, Franchisee-Operated
Contract Duration
5 yearsRenewal Available
YesTerritory Exclusivity
—Non-Compete Clause
—Exit Clause
—Who Can Apply for Genericart Medicine
Conditions the brand sets for partners, and the licences the business needs.
- Space: Retail shop at least 150 sq ft; Medicine Mall at least 1,500 sq ft; no basement or semi-basementRequired
- Registered pharmacist: A retail medical store must have the services of a registered pharmacist to get a drug licenceRequired
- Refrigerator: Mandatory for a retail drug licenceRequired
Licences & registrations
| Licence | Issued by | Who gets it |
|---|---|---|
| Retail drug licence (Forms 20 & 21)Maharashtra requires at least 10 sq m carpet area with a separate entrance, a registered pharmacist and a refrigerator. | State drug controller / FDA | You |
About the Brand
Brand USP
Genericart says it runs a royalty-free generic pharmacy franchise with 550+ own-brand products, in-house POS and inventory software, and 30-day bill-to-bill credit.
Why invest in Genericart Medicine?
Genericart Medicine by the Numbers
Source marked on each figure2,000+
Franchise stores · Sep 2026
Brand claim379
Stores on official locator · Sep 2026
Store locator16,000+
Online partner stores · Sep 2026
Brand claim550+
Own-brand products · Sep 2026
Brand claim27,000+
Full product range · Sep 2026
Brand claim12
Business models
Brand claimAbout 80% (rest from GMP-certified units)
Products from WHO-GMP units
Brand claimISO 9001:2015
Certification
Brand claimGenericart Medicine Outlet Network
By state · Sep 2026
- Maharashtra288
- Karnataka33
- Tripura13
Outlet count over time
Aug 2020 — registered shops (founders to iU eMagazine): 1,100 outlets · Aug 2020 · iuemag.com
Cities with Outlets
Show all 24 citiesHide the city list
Company Financials
Brand-level, publicly reportedThe franchisor's own company health — separate from what a single franchise outlet earns.
Revenue (FY25)
₹56.81 Cr
Net profit (FY25)
₹4.14 Cr
Employees (May 2025)
82
Source: Tracxn — Genericart Medicine Private Limited, FY25 financials (from company filings)
Source: Tracxn — Genericart Medicines, funding and headcount (Sep 2026)
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Health Check
What Genericart Medicine's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.
- Status with the registrar
- Active
- Annual filings
- Up to date
- Last AGM
- 30 Sep 2024
- Paid-up capital
- ₹1.98 Cr
- Auditor
- Vedvati Lele (individual auditor, since FY23)
Source: Tracxn — Genericart Medicine Pvt Ltd legal-entity record (MCA filings), read Sep 2026 (checked Dec 2025)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Genericart Medicine Financials Over Time
Figures for the brand, from filed or reported accounts.
Source: Tracxn — Genericart Medicine Pvt Ltd (company filings)
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- Genericart Medicine Private Limited
- Company type
- Private Limited
- CIN
- U24290PN2016PTC158184
- Incorporated
- 2 Feb 2016
- Headquarters
- Miraj, Maharashtra
Leadership
- SShripad M. KolhatkarCo-founder (HR, operations, marketing, finance, sales and software)
- DDRx Salim SayyadCo-founder (procurement, warehousing, logistics, quality)
Social presence
Company details source: Tracxn — company filings
Genericart Medicine Timeline
Jul 2015
First shop opens
Founders Salim Sayyad and Shripad Kolhatkar say they opened the first Genericart shop in Miraj, Sangli district, on 6 July 2015. A company brochure gives 2013 as the establishment year.
SourceFeb 2016
Company incorporated
Genericart Medicine Private Limited incorporated (Pune ROC).
SourceFY25
₹56.8 Cr revenue
Revenue of ₹56.8 Cr and net profit of ₹4.1 Cr per company filings.
SourceSep 2026Announced plan
Target of 25,000 stores
Genericart's About page states a goal of 25,000+ stores across India, dark stores in Tier 1–2 cities and 80 regional warehouses.
FranchiseChuno Analysis
Our analysis of verified dataHow Genericart Medicine looks once the numbers are checked side by side.
- •Investment in line with the Healthcare & Pharmacy medianMidpoint ₹24 L vs a category median of ₹21.4 L across brands on FranchiseChuno.
- ✓The franchisor company is profitableIts latest filed accounts show a net profit. That's the franchisor's money, not yours: a profitable franchisor doesn't mean its franchisees make money. Check real outlet numbers before you invest.
- ✓Brand operating for 11 yearsFounded in 2015. The brand doesn't state when franchising began.
- !Outlet claim is well above its store locatorGenericart Medicine claims 2,000 outlets, but its own store locator lists 379 (Sep 2026). Ask for a current list of operating outlets.
Data completeness
82%
- ✓ Terms checked against the brand's own page
- ✓ Published investment (not an estimate)
- ○ Franchise fee
- ✓ Royalty
- ○ ROI or payback claim
- ✓ Agreement term
- ✓ Training details
- ✓ Outlet cities verified
- ✓ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what Genericart Medicine does and doesn't publish.
- 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 3Ask whether you get an exclusive territory, and how large it is.
- 4Have a lawyer review the franchise agreement before paying anything.
- 5Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
150 sq ft
Staff Needed
—
Setup Time
—
Owner Involvement
—
Best Locations
Not published
Business Type
Not published
From First Call to Launch
Genericart Medicine's onboarding process, step by step.
- 1
Welcome visit and business orientation
- 2
Two-day classroom training
- 3
Welcome stock and POS training
- 4
Shop opening readiness
- 5
Pharmacist induction
- 6
Post-opening customer connect
- 7
Six-month review and training
- 8
Handover from franchise development to franchise relationship manager
Shown on the brochure as 'FDM to FRM handover'.
Training & Support
What the brand provides to help you launch and run your franchise.
Operations Manual
Step-by-step playbook for running the outlet
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
Who Does What
Per franchisorHow Genericart Medicine splits the work between the brand and you, as the brand describes it.
Genericart Medicine
Handled centrally by the brand
- 1
Training and systems
Classroom and pharmacist training, POS software, inventory and warehouse systems, and operating SOPs.
- 2
Supply
Free medicine delivery from warehouse to store, 30-day bill-to-bill credit and a cash-discount facility.
- 3
Field and marketing support
On-field support, marketing and promotional support, and Google map listing and online-order add-ons for stores.
You (franchisee)
Your local responsibilities
- 1
Own and run the store
The franchisee invests in and manages the store day to day under the FOFO model.
- 2
Location
Retail shop on a main road, in a market or a busy commercial area; Medicine Mall in a shopping mall, prime commercial zone or busy urban area. No basement or semi-basement.
Training Programme
Ongoing Support
What Genericart Medicine franchisees say
We haven't yet heard from enough Genericart Medicine franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.
I run a Genericart Medicine outlet — share how it wentFrequently Asked Questions
What is the total investment for a Genericart Medicine franchise?
What training does Genericart Medicine provide?
Does Genericart charge a royalty?
Who supplies the medicines to a Genericart store, and on what terms?
What licence does a Genericart pharmacy need?
Is Genericart's "50% margin" the profit a store makes?
Can I sell my Genericart franchise later, and how long is the contract?
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