Most Profitable Franchise Business in India for 2023

on Aug 01, 2023 | 48118 views

Written By: Resham Daswani

Have you ever wondered about what the growth rate of the franchise business in India has witnessed over the last few years? Well, it is a flourishing market which has experienced a growth of over 30-35%, therefore contributing to nearly 4% of India’s GDP.

Yes, you heard that right.  Therefore, this franchise business model has a promising future and is widely accepted because of its benefits for both the franchisor as well as the franchisee.

If you are an entrepreneur interested in a franchise opportunity, somewhere at the back of your mind you would be considering a few questions.

  • Why should I own a franchise in India?
  • Is a franchise business profitable in India?
  • Which sectors are most profitable to start a franchise in India?

These are common thoughts which occur to most entrepreneurs before taking the leap into starting a franchise business in India.

So, to make your thoughts more clear and help you choose the most profitable franchise in India, this blog is going to be a guide to take you across, ensuring you reach your horizon.

Most Profitable Franchise Business in India for 2023

Franchisors provide their franchisees with everything from operational and legal support to training and creative direction in exchange for a cut of the revenue generated by the franchisee's loyal client base.

In short, the franchisor gains from the growth of his business into new markets and higher profits. So, if you're also looking for a stable franchise business with room to grow, here are some of India's most profitable franchise business segments to consider.

Industry Segment

Most Profitable Brands

Preschool Franchise Business

Top brands like Eurokids, Kidzee, Shemrock Kids, Bachpan

Logistics & Courier Franchise Business

Top brands like Delhivery, Inxpress, DTDC, Blue Dart

Beauty Salon Franchise Business

Top brands like Lakme, Green Trends, Looks Salon

Electric Vehicle Franchise Business

Top brands like Okinawa scooters, Hero, Evolet, Pure EV

Healthcare Franchise Business

Top brands like Generic Aadhar, Sasta Sundar, MedPlus

Ice Cream Franchise Business

Top brands like Amul, Gelato Vinto, Giani’s, Kwality Walls

These are just a few of the top franchise businesses in India.  The list is way too long, so to consider each of the best franchise businesses in India for different sectors, continue to read on.

Best Profitable Franchises In India to Consider in 2023

Here are some of the most profitable franchises in India for 2023.

1. Patanjali

Patanjali Ayurved Limited is committed to providing superior products at affordable prices. It first appeared in 2006, and it was designed with both city and country in mind. Patanjali solely offers Ayurvedic remedies, with ingredients sourced directly from local farmers.

The farmer helps Patanjali provide high-quality grains, herbal treatments, and organic goods to customers. The farmers' income would rise, allowing them to meet the growing demand for organic products from the relevant institutions.

Now, almost everyone in the country uses Patanjali. That's why it's the most rapidly expanding brand today. Patanjali was founded by Baba Ramdev, and the company has quickly gained popularity because of its reliable quality assurance.

  • Investment Range - Rs 5 lakhs to Rs 2 crores.

2. Amul

Amul is a name that has already established itself as one of the best in the country and will soon be one of the best in the world. You should get a franchise and run a business that sells one of the best dairy goods. Amul has always made the best and highest-quality milk goods in the dairy business.

Varghese Kurien, who had a lot of ideas, started Anand Milk Union Limited (Amul) in the city of Anand, in the Indian state of Gujarat.

According to business today, the dairy company has a staggering turnover of Rs. 61,000 crores, which solidifies its position as a top name in the Indian dairy industry.

  • Investment Range - Rs 5 to 15 lakhs.

3. EuroKids

EuroKids is one of the best leading preschools in India. We are a well-known name in the field of early childhood education, and we are best known for our innovative approach to nurturing and developing young minds.

We have made a name for ourselves as one of India's best pre-schools thanks to our experienced teachers, advanced curriculum, and high-quality facilities.

Our unique pedagogy blends play-way methods with modern ways of learning. This creates a whole experience that is both fun and helpful. EuroKids is proud to teach every student ideals like kindness, respect, and honesty and to prepare them to do well at every stage of their lives.

Get your kids in today and let them enjoy the learning world with us.

  • Investment Range - Rs 12 to 15 lakhs.

4. Pepperfry

Ambareesh Murty and Ashish Shah were the first people to use omnichannel shopping when they started Pepperfry, India's largest online store for furniture and home goods, in 2012.

In the last ten years, Pepperfry has changed the way traditional retail works by combining an online virtual catalogue, a large in-house supply chain, and a large omnichannel footprint that covers more than 100 towns in India.

  • Investment Range - Rs 15 lakhs.

5. Hero MotorCorp

Hero Electric is the first and biggest maker of electric two-wheelers in India. They have hundreds of thousands of happy customers and are still growing. In terms of the number of units sold in a calendar year, it is the "World No. 1" two-wheeler company. Hero MotoCorp Ltd. is still able to do this.

Hero MotoCorp began in 1984 when people weren't as used to riding bikes. It is well-known in the country for making bikes that are light and cheap. It has a huge 46% share of the Indian two-wheeler market.

  • Investment Range - Rs 80 lakhs to Rs 2 crores.

6. DTDC

DTDC has always been at the front of the race to "change the rules of the game" in the industry, from its start in 1990 with a groundbreaking franchise plan to its 31 years of success. DTDC has helped regular people with few means become successful business owners.

Through the low-cost franchise system, they were able to work with DTDC to meet their needs for capital, access to technology, equipment, and experience. This made them want to start a business and made DTDC a well-known brand.

Today, DTDC has over 12,000 strong franchisees (also called "channel partners") all over the country. Many business schools around the world use DTDC as a case study.

  • Investment Range - Rs 50 Thousand to Rs 2 Lakhs.

7. Lakme

The most well-known FMCG company in India, Hindustan Unilever Limited, has opened a line of salons for Indian women and their search for beauty.

Lakmé Salon is the best place in the country to get hair and beauty treatments because it has the latest techniques and services, a team of professional hair stylists and beauty experts, and backstage access to Lakmé Fashion Week, the best fashion show in the country.

Since its 1980 founding, Lakmé Salon has expanded to over 240 locations across 60 countries. More than one million consumers are cared for each year by a team of over 2,200 experts at these stores.

Our name has been known for more than 35 years for providing the best professional service for hair and beauty treatments.

  • Investment Range - Rs 50 to 60 Lakhs.

8. Tanishq

In 1994, Tanishq started out by making watches with valuable stones set in 18k gold. But it grew quickly into a 22K shop with a beautiful selection of gold and diamond jewellery. Mr. Xerxes Desai came up with the name Tanishq by putting together the words "Tan," which means "body," and "Nishk," which means "gold ornament." Tanishq's first state-of-the-art jewellery factory with a good karigaar park was set up in Hosur, Tamil Nadu.

At Tanishq, jewellery isn't just a thing you buy—it's a work of art, and our beautiful pieces strike the right balance between old-fashioned charm and modern style. Tanishq wants to be an important part of the journey of the Indian woman by making designs that show the beauty and joy of important events in her life.

  • Investment Range - Rs 20 to 60 crores.

9. Generic Aadhar

Generic Aadhaar is India's top medical brand. It has brought a new ecosystem to the pharma world, which was stuck in the last decade. Arjun Deshpande was a changemaker who saw what was wrong with the traditional pharmaceutical business and knew that it was time for a revolution. Generic Aadhaar came up with creative ways to deal with this social issue. It has started a revolution, because none of the other companies sell life-saving, high-quality drugs at the price that Generic Aadhaar does.

Our generic medical franchise sells high-quality medicines straight from the manufacturer to the end customer, cutting out all the costs of a middle chain like marketing, distributors, stockists, supply chains, etc.

  • Investment Range - Rs 2 to 5 lakhs

10. Ferns N Petals

FNP shops are the best place to go if you need flowers or gifts. Depending on the location, you can choose from a wide variety of fresh flower bouquets and arrangements, artificial and dried flowers, gift baskets, cakes, individualised gifts, plants, and an exclusive choice of imported ceramic and glass vases.

We have been delivering fresh flowers and great gifts to our customers for over 25 years to help them enjoy their special occasions. Ferns N Petals was started in 1994, and the only thing it did at first was send flower bouquets.

Ferns N Petals started with just one flower shop in Delhi in 1994. It is now the largest florist chain in India, with more than 320 stores (and growing) in all the major cities and towns.

  • Investment Range - Rs 5 to 10 lakhs

To Conclude,

A good way to start out as an entrepreneur in India is to buy a franchise business. With a well-known brand name and ready-made advertising tools, you get a good start. Also, the company that gave you the licence helps you at every step to make sure your business does well.

Nevertheless, if you are looking to start with one of the most profitable franchises in India, FranchiseBazar is just a click away!

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risks and discretion. FranchiseBAZAR or its Directors, disclaim any liability or risks arising out of any transactions that may take place due to information provided in this blog.

 

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