SRL Diagnostics Franchise – Cost & Profit -: The Key to Making More Money

Are you looking for a Diagnostics franchise? Do you run or own a diagnostics center in your city? Would you like to become a part of a renowned Diagnostics chain – SRL Diagnostics franchise with an minimum investment? Then, This BLOG is especially for YOU.

Ever since COVID-19, we all came across the importance of better healthcare systems and diagnostics centers in our area or city. There is a saying or truth in the medical industry that, the better the diagnosis report, the better will be your cure.

We all know about the Lal path labs & other diagnostics and their success stories and how effectively they have grown into such a brand. Today, we are again to discuss one of such chains that has established itself as a pioneer in this industry.

Yes, you read it right. We would like to introduce you to another interesting franchise – SRL Diagnostics, a pioneer diagnostics chain.

In this article, we’ll dive deep into the SRL Diagnostics with capital requirements, fee, profit, and step-by-step guidelines to get this franchise – and answer some common questions about the chain.

• Brand Name: SRL Diagnostics
• Founded: 1994
• Headquarters: Gurgaon, Haryana
• Carpet Area: 200-250 Sq. ft.
• Profit Margin: 10-20%
• Offering: Collection & Diagnostics Center
• Total Initial Investment: Rs. 3 lacs -4 lacs for the collection center

Overview of SRL Diagnostics Franchise

Established in 1994, SRL Diagnostics is one of the leading and rapidly growing medical diagnostic companies, offering comprehensive diagnostics services and solutions to healthcare partners and patients.

Started this chain with a single goal of providing quality diagnostics services, the chain has expanded its services and presence across India and other countries with over 400 plus laboratories(A few of them are operated by the company, and the remaining are franchised).

The franchise is fully committed to delivering accurate and timely results that has allowed the chain to be recognized for its quality services, innovation, and dedicated patient care.

But how did they achieve this?

Their entire success stories lies in following points;

• Best-in-class technology
• Team of experienced medical professionals
• Accurate and consistent results
• Superior client experience
• Reliable and affordable services

Please continue reading if you are passionate about the Diagnostics franchises & this little snippet about SRL Diagnostics excites you.

We will offer comprehensive and well-researched information regarding the SRL Diagnostics chain, along with its price, fees, profit margin, and—most importantly—the reason “Why“ you need it.

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SRL Diagnostics – The Journey

• SRL was established in 1995 as SRL Ranbaxy by brothers Shivinder Mohan Singh and Malvinder Mohan Singh, a division of Ranbaxy Laboratories.
  • It became the first pathology company in India to receive accreditation from National Accreditation Board.
• In 2008, SRL Ranbaxy was renamed Super Religare Laboratories.
• In 2010, SRL acquired Piramal Diagnostic Services and its 107 labs for ₹600 crore.
• In 2011, Fortis Healthcare acquired 74.59% of SRL, which rebranded as SRL Diagnostics.
• In 2021, SRL acquired the remaining stake in its joint venture DDRC for ₹350 crore, making it the largest pathology lab chain in India with 430 labs.

What are the services offered by SRL Diagnostics?

SRL Diagnostics franchise offers a wide range of diagnostics tests, and some of them are listed below;

• Clinical pathology
• Microbiology
• Biochemistry
• Hematology
• Histopathology
• Cytology
• Immunology
• Molecular biology
• Genetic testing
• Radiology and imaging services

Key facts about SRL Diagnostics

Why Choose an SRL Diagnostics Franchise?

There are several prominent reasons to become a SRL Diagnostics Partner, and they are mentioned below for your reference;

1. Low Startup Cost:
   • Opening a SRL Diagnostics center demands a relatively low-cost investment compared to other healthcare franchises.
   • Can be started with an investment of Rs. 3 lacs – 4 lacs for a min. floor area of 200 – 250 sq. ft at ground floor with toilet facility.
2. Affordable & Diverse diagnosis services:
   • The franchise caters to a wide range of affordable and diverse diagnosis services which helps them attract new consumers and retain old ones.
3. Awards and Recognition:
   • The chain is renowned as one of the pioneer in the medical and diagnosis industry, and bagging numerous awards from several renowned body helps them to establish the brand value. Some of their awards are;
     • First Lab in India to get NABL Accreditation.
     • ‘COVID Diagnostics Brand Award’ at the IHW Health and Wellness Summit 2021.
     • Partnered with UNICEF, MoHFW for a Comprehensive National Nutrition Survey.
     • Best Home Healthcare Brand’ award at ‘The Business Leadership Awards 2021’.
     • Only Lab in India to be chosen as the diagnostic partner for Olympics and Paralympics 2020 & 2024.
     • ‘Excellence in Healthcare Innovation’ Award constituted by CII institute of Logistics at the Logistics & Supply Chain Awards 2021.
4. Training and Support:
   • The chain does provides an extensive training and support program for the outlet owner. However, they also expect its franchisee to have a necessary educational background and relevant experience.
5. Impressive ROI margin
   • After becoming an SRL Diagnostics outlet owner, One can certainly churn an exceptional profit margin with the least investment.
   • The franchise provides a profit Margin of 10-20% and it varies depending on the test performed.
6. Robust Network:
   • The franchise has over 400+ network laboratories with over 8000 plus collection points, 4000+ lab technologists, and 700+ qualified doctors.

With all this information, you will have an understanding of the SRL Diagnostics chain that will give you a feeling that you are working with a reputable company.

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How much does an SRL Diagnostics franchise cost?

The franchise cost or Total Initial setup cost for SRL Diagnostics will depend on your location, size, and the extent of renovations required. One can either apply for a Sample collection or Diagnostics center through their platform.

Nonetheless, To become an SRL Diagnostics franchise partner, one would at least require an initial investment of Rs. 3 lacs to Rs. 4 lacs with a min floor area of 200– 250 sq. ft. However, the mentioned investment is for the collection center, if you are looking to obtain a diagnostics center, then you may need to invest at least Rs. 80 lacs to Rs. 1 Crore.

Is SRL Diagnostics Franchise Profitable?

Absolutely yes! However, It certainly depends on several factors;

Considering the enormous growth in the healthcare industry, A wide range of affordable services, Low Investment and High ROI, extensive training support, best marketing strategy, and reliable services, One may anticipate a healthy profit margin of 10-20%.

In case, if you are looking for FOCO model, the franchise does guarantee for fixed monthly income, but the franchisee should take care of the necessary expenses.

Please note that profitability may vary depending on location, expenses, average customer footfall, and other emergency expenses, and it could range between 10-22%.

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What is the Support offered by SRL Diagnostics Franchise?

Some of the necessary SRL diagnostics franchise supports are listed below;

1. Infrastructure Support:
   • Assistance in setting up a standard collection center, including design and other necessary equipment.
2. Lab Support:
   • Helps in providing necessary laboratory support such as test kits, gloves, and other medical tools.
3. Staff Training Support
4. Marketing & Sales grow up strategies and guidelines
5. IT Support:
   • To track the test performed and to ensure the franchisee’s overall growth
6. Marketing Support:
   • Provides necessary marketing kits such as Pamphlets, Visiting Cards, Banners, and flex board.

Note: This support may vary based on the agreement signed between the franchisee and SRL Diagnostics(franchisor)

Eligibility Criteria for SRL Diagnostics Franchise

To become an approved SRL Diagnostics outlet owner, one should meet the necessary guidelines offered by the franchise;

1. Interested Candidate should be capable of investing Rs. 3 lacs to 4 lacs for collection center and Rs. 80 lacs to Rs. 1 Cr for the diagnostics center.
2. One should also have the necessary carpet area of 200-250 sq. ft. and over 1000 sq. ft. for the collection and diagnostics center respectively.
3. Interested prospects MUST have the necessary medical background.
4. Interested franchisees should have a passion to work in the Healthcare industry and should possess the leadership and financial skills to operate an SRL Diagnostics outlet.
5. Franchise operator should be a self-motivated Entrepreneur.

How to Get SRL Diagnostics franchise?

Becoming an SRL Diagnostics outlet owner requires a minimal investment that offers an impressive gross profit margin. Nevertheless, the SRL Diagnostics chain may provide several benefits, and interested candidates can take up franchise outlets in their city through their expertise and endless support systems.

One can avail this franchise using below mentioned steps;

1. Visit their Franchise page – and fill in the details such as Name, Email Id, Phone Number, City, State, Business profession, & other required info, and submit the form.
2. Or, Call them at – 0124-6261196, 91115-91115
3. Or, Reach them at their official address
   • 306, Tower A, Unitech Cyber Park, Sector 39, Gurugram 122002

Once you submit the form, somebody from the franchise team will contact you within a week to discuss it further and ya it does take time.

Final Takeaway

Started in 1994, SRL Diagnostics is one of India’s leading and rapidly growing diagnostic chains, offering a variety of diagnostics services such as Medical diagnosis, Pathology, Medical imaging, Radiology, and much more.

The franchise boats over 400+ network laboratories with over 8000 plus collection points, 4000+ lab technologists, 700+ qualified doctors, and more outlets planned for future release will create tremendous opportunities for interested candidates to grab THIS deal in this ever-growing market.

However, considering the exponential rise in Healthcare industry, robust franchise growth, affordable and reliable services, moderate investment with high ROI, extensive training and market support aids an extra advantage for the new franchisee unit holder.

With an Initial investment of Rs. 3 lacs – Rs. 4 lacs, the SRL Diagnostics chain may offer an outstanding profit margin to its stakeholders and one may anticipate an exceptional gross profit margin of 10-20%. However, this may vary depending on the outlet’s geographical location.

Nevertheless, By making some changes in your expenses, one can certainly increase the profit margin extensively with the SRL chain.

The Bottom line – In case you are interested in the Healthcare industry and want to take advantage of the opportunity with a minimum investment, then you can start an SRL Diagnostics outlet in India. With its immense legacy, expertise, and robust supply chain, one may experience stable and steady growth in their entrepreneurial journey.

So, what are you waiting for? Go and start your entrepreneurial journey with SRL Diagnostics!!

Good Luck!! Happy Franchising!!

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