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Thyrocare - Diagnostic Laboratory Franchise

Medical Technology& &at its best   About the company  THYROCARE TECHNOLOGIES LIMITED is Indias largest and the best equipped clinical chemistry laboratory, having its Central Processing Laboratory (CPL) at Mumbai. The samples collected from across the nation are processed in this single laboratory and the reports are sent to the various collection centres through a webserver. This laboratory is an ISO 9001-2000 certified and also graded by CRISIL as Grade A which is consistent with the highest standards in the Indian healthcare industry. Started in the year 1996, over the years the laboratory has successfully incorporated the best in the laboratory diagnostic sector imported latest instruments, incorporating world renowned quality control procedures, bar-coding the entire operations, getting the best people in the industry and, establishing the widest network of collection centres across the nation. Today Thyrocare laboratory is the benchmark for an ideal networked laboratory not only in India but across the South East Asia. At the helm of the company is Dr. A. Velumani, a name which is familiar in the medical diagnostic sector. As a scientist in BARC for 15 years, Dr Velumani has practiced and taught about the RIA technique to most of the RIA specialists working in the country today. About the opportunity Our business sector is that of a diagnostic laboratory conducting super-specialised tests. In our country wherein such tests are neither available nor affordable, every headquarter can have a franchisee. Though laboratories run by technologists and pathologists are available in every part of the country, but when it comes to specialised investigations, which require huge investments and expertise, they are depending on a centralised laboratory offering such services. This hub and spoke model allows volume generation. The franchising concept promotes the reach to every nook and corner of the country. Volumes dominate in every business and more so in diagnostic business. What the company will offer Apart from an opportunity to market the companys entire test menu consisting of super-specialised tests, the company also offers systems, logistics, promotional and marketing support. Regular training programmes are conducted by the company for training the franchisee and his/her staff on the various operational issues and updates. However it is not easy to calculate the returns since the investment is too low. On an average, if one invests 2 lakh rupees and works hard for a year, he is likely to get a profit margin of 20 to 25 thousand rupees per month. However, this largely depends on the management skills of the entrepreneur.    What will the franchisee invest Hardly any investment. He has to sit in a decent chair and has to have a computer. If he has these things in hand, he can straight away get going. However, a security deposits of Rs. 50.000 and the initial 2 to 3 months of operational expenditures to a tune of another 50,000 are also to be kept in mind before one starts.   Location of interest It can be anywhere in the country where a bank branch is viable. It is possible to have 3000 franchisees in this country while as on date only 500 plus are in the network. It should be away from an existing centre by a kilometre or two to ensure that the reach is not scewed.		FRANCHISE MEMBERSHIPS

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