Thyrocare Franchise Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech

Thyrocare Franchise Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech

Hello friends, do you want to become a diagnostic Lab franchise of a popular brand in India? Are you planning to start a Diagnostic Lab for a popular brand in your location? So, choosing Thyrocare Franchise would be a great option. In this article we discuss about getting Thyrocare Franchise, investment, commission, applying process, documents required and much more.

Founded in the year 1996, Dr. A Velumani, a BARC scientist turned entrepreneur, fathered Thyrocare. Thyrocare Technologies Limited has emerged to be the biggest leader and a trendsetter in the Indian Diagnostic Industry. It spans over 1000 plus dedicated service providers across India who cater to the diagnostic needs of end user and small laboratories who outsource the high-end tests to Thyrocare.

Thyrocare Technologies Limited is India’s first and most advanced Totally Automated Laboratory having its strong presence in more than 2000 cities / towns in India and internationally. Thyrocare is India’s first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries.

Thyrocare Franchise Company Details

Websitehttps://www.thyrocare.com/
TypePrivately Held
IndustryHealth, Wellness & Fitness
Company size1,001-5,000 employees
HeadquartersNavi Mumbai, Maharashtra
Founded1996
SpecialtiesPreventive Health care, Diagnostic Laboratory, Medical Health Care Services, and PET CT Scan

Why you should choose Thyrocare Franchise ?

  • Fastest growing diagnostic giant with 26 years of legacy
  • India’s leading covid testing lab.
  • World’s longest laboratory track automation – 5M track
  • Believed by 5000 partners, 1,00,000 labs, 25,000 doctors
  • 15 Regional Processing Labs, 4 Zonal Processing Labs, 1 Central Processing Lab
  • 3 RT PCR processing labs doing 20000 test per day
  • Accredited, barcoded,software driven
  • Overall 10,00,000 Covid RT-PCR tests done till date
  • NABL & ICMR approved Lab
  • Increase good quality collection center across the India
  • Contribute for Thyrocare network expansion
  • Let us reach to every Taluk headquarters
  • Make tests affordable and accessible to common man
  • Increase healthcare solutions in your locality
  • Make someone to become a healthcare entrepreneur in your locality

Business Model of Thyrocare Franchise

There are two Business Model in Thyrocare Franchise:

TSPGQC
Thyrocare Service ProviderGood quality center
TSP can use Thyrocare brandGQC can also use Thyrocare brand name
Rs 2 Lakh PaymentRs 25,000 (remaining amount in installment by paying 10% billing)
B2B rate – BT RateB2B rate – BT + 10% extra billing till 2 Lac EMD
5% discount for data handlingMandate to order branding materiel kit
Branding support of materials worth Rs 25KCompany leads
10 free for every 100 tests and profiles 
Company leads 

Requirements for GQC(Good quality center)

  • Must Good quality collection center
  • 25,000/- payment first to get source code
  • ( option to pay remaining amount 75 lac in installment by paying 10% extra billing)
  • Space 200 -400 sq (Owned or Leased)
  • Clean and well furnished infrastructure
  • Human resources including swab collection technician
  • Internet connection
  • Computer and printer
  • Centrifuge
  • Refrigerator

GQC(Good quality center) Benefits

  • Use Thyrocare brand
  • 25K payment required to allot source code
  • Starter kit worth #####/- must to order before stating business
  • Data management software
  • Online store for subsidized promotional & operational materials
  • Sample pick up from the doorsteps in all major cities (Rs 100 per pickup)
  • Company leads
  • Training worth 10,000/- absolutely free

Documents Required for Thyrocare Franchise

  • Duly filled Franchisee Application Form
  • Self Attested Photocopy of PAN CARD
  • Aadhaar card
  • Affidavit cum Undertaking (Direct Customer Business : DPS) on 100 Stamp Paper
  • Center Address Proof (Rent/Ownership Agreement copy)
  • Floor Plan
  • Passport Size Photographs of Code Owner (4)
  • Centre Photographs (Entrance, Patient Waiting Area, Reception, Sample Collection Area, Sample packaging area, Washroom)
  • Proof of BMW Disposal Contract/BMW Application (Can be obtained from local Municipal Corporation)
  • Biodata/CV of the Code Owner
  • Proof of paying the advance payment to company for Code
  • Swab Collection Technician DMLT certificate & experience certificate
  • Local Authority permission letter

Total investment for a diagnostic lab Thyrocare Franchise

You have to invest approx 5 lakh.

  1. Franchise Fee: 2 Lac
  2. Space 200 sqft – 400 sqft.= 30,000 (Rent)
  3. Infrastructure :
    1. Fridge, Interior Work : 70,000
    2. Computer, Printer, Internet Connectivity : 50,000
    3. CCTV, Waiting chair, Receptionist table Chair, Bed: 70,000/-
    4. Water facility :10,000/-

Total Expenses of Thyrocare Franchise incurred in a month

SI No.Particulars of ExpenditureAmount
1.Rent for 300 sqft space30,000
2.Salary for 10 nos. of employee (reception, technical,sample collector, Manager)80,000
3.Electricity and Internet expenses5000
4.Miscellaneous expenses10,000
Total1,25,000

Total monthly expenses incurred = Rs 1, 25,000

ncome earned per month from TSP (Thyrocare Service Provider)

Average no. of patients that walk-in at the lab for tests in a day = 20 people

Average amount one person spends on a test = Rs.800

Total income earned in a day (Rs.800 X 20) = Rs.16, 000

Total income earned in a month (Rs.16, 000 X 30) = Rs.4, 80,000

Gross profit earned in a month (40% of Rs.4, 80,000) = Rs.1,92,000

Total Net Profit Earned per Month= (1,92,000 – 1,25,000) = 67,000/-

Return on Investment (ROI %) per month = 14% i.e. Break even reach within 8 months.

Company guidelines for the Thyrocare Franchise

  • Honest and Transparent B2C customer data
  • Honest and Transparent B2B customer data
  • Transparency in Rent paid, Ownership/Tenant of outlet, Salary of Staff paid
  • Maintain cleanliness and hygiene in centre at all times
  • Issuance of Online Receipt for Customers/Consumers to maintain price hygiene
  • Complying to needs of regulatory body, NABL at all times
  • Pay emoluments to your staff on time who are full time or on contract basis
  • Avoid credits in the field
  • Not engaging with any other brand without explicit approval of company

How to apply for the Thyrocare Franchise ?

To apply for the Thyrocare Franchise, you have to follow some steps which is given below:

  • You have to visit its official website of Thyrocare Franchisehttps://wellness.thyrocare.com
  • Click on the above link.
  • Fill all the details properly, and submit the form successfully.
  • After submitting, you get call from the your local area manager within 2 days.
  • Once you talk to the area manager then they arrange a online meeting for you.
  • After attending that meeting you get all information about the Thyrocare Franchise information.

Process of becoming Thyrocare Franchise

  1. First they receive your expression of interest.
  2. Guide on documents required and process to be followed.
  3. We receive documents.
  4. They approve your centre and documents – 24 hours.
  5. You have to make advance payment for your business.
  6. Code Activation – 24 hours.
  7. Branding & Promotional Materials à within 1 week after Code.
  8. Training à within 24 hours of receiving material.
  9. All materials will be dispatched to your Permanent address.

CONTACT DETAILS

Thyrocare India

Address: D-37/1, MIDC, Turbhe, Opp. Sandoz, Navi Mumbai – 400 703

Email: wellness@thyrocare.com

Phone No: 022 – 3090 0000 / 6712 3400

Whatsapp: 9870666333

Thyrocare Bangladesh: 

Address: Confidence Centre (12th floor), Kha-9, Pragoti Sarani, Shazadpur, Gulshan, Dhaka -1212, Bangladesh

 Phone No: (+88) 09666 73 7373 /  (+88) ‎01764 40 3959 /  (+88) ‎‎01712 36 9923

 Whatsap: info@thyrocare.com

Thyrocare Gulf: Address: 43, Bldg No.737, Road 1510, BIIP, Block 115, Hidd, Kingdom of Bahrain 115, Hidd, Kingdom of Bahrain

Phone No: (+973) 6600 4000,  (+973) 6600 3000

Email:  info@thyrocare.com

Thyrocare Nepal

Address: PANIPOKHARI, LAZIMPAT, KATHMANDU 44600

Phone No: (+977) – 1400 6710

Email:  info@thyrocare.com

Expansion Location for the Thyrocare Franchise in India

  • North :- Delhi,  Uttar Pradesh, Haryana, Himachal Pradesh,  Punjab, and Uttaranchal
  • South :- Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
  • East :- Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
  • West :- Gujarat, Rajasthan, Maharashtra, Goa
  • Central :- Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
  • Union Territories :- Pondicherry, Chandigarh, Lakshadweep, Daman and Diu, Jammu and Kashmir,

F.A.Q(Frequently asked question)

Q. What is the Thyrocare Franchise cost?

Ans: You have to invest approx 5 lakh.

  • Franchise Fee: 2 Lac
  • Space 200 sqft – 400 sqft.= 30,000 (Rent)
  • Infrastructure :
    1. Fridge, Interior Work : 70,000
    2. Computer, Printer, Internet Connectivity : 50,000
    3. CCTV, Waiting chair, Receptionist table Chair, Bed: 70,000/-
    4. Water facility :10,000/-

Q. How many days takes to do all the process?

Ans: Approx 21 days.

Q. Is Thyrocare Franchise(collection center) it profitable or not ?

Ans: After Covid 19, the medical sector comes on hike, so many lab opend at different places. And the demand of diagonostic lab also increses. So, you can say it is profitable. Thyrocare Technologies Limited is India’s first and most advanced Totally Automated Laboratory having its strong presence in more than 2000 cities / towns in India and internationally. Thyrocare is India’s first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries.

Q. Is there any Security Deposit or not?

Ans:  For more details see the article, all information is given above.

Q. What is Return on Investment (ROI %) in Thyrocare Franchise ?

Ans: Return on Investment (ROI %) per month = 14% i.e. Break even reach within 8 months.

Q. How can I contact to get Thyrocare Franchise  ?

Ans: All the information is given above. You can mail on wellness@thyrocare.com. Or you can fill this form click here.

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