TOP AND BEST TECH FRANCHISE IN INDIA
At present, the Indian economy is touching around
$3.937 trillion with a growth rate of 6.5–7 percent(%) in 2024-25 in which the tech industry is US$ 139.08 billion in 2022 and will grow (CAGR) of 18.85% to reach a value of US$ 329.77 billion by 2027. So, with the market’s rapid growth, it’s a golden opportunity!! to invest in this field.
The Rise Of Tech Market In India according to the source, the Indian technology market is expected to hit around USD 300-350 billion in revenue over the next 5 years. Currently Indian technology market surpassed the $250bn mark.
Reliance Digital
Reliance is a leading company worldwide regarding profit, growth, etc. Reliance’s digital store consists of smartphones, laptops, T.V., electronic gadgets, and other tech home appliances.
An estimated investment required is around Rs. (10lakh to 50lakh). Hence, it is the top and best tech franchise in India
CROMA
Croma is a brand wholly owned by the Tata Group’s holding company. To take Croma Franchise then you have to invest approximately 2.5 crore to start this Croma Franchise. Hence, it is the top and best tech franchise in India
Tata Consultancy Services (TCS)
TCS ION is a company that is a tech educational company of the Tata Group of companies. To take the franchise of TCS ION it costs Rs1000 as a franchise fee and around Rs15 Lakh- Rs50lakh is an infrastructure investment required.
The ROI(RETURN ON INVESTMENT) period is around 12-15 months. In which the revenue sharing of a franchisor is 50%. Hence, it is the top and best tech franchise in India.
Xiaomi
Xiaomi or MI is a tech company that sells smartphones and other tech appliances.
Its franchise cost for setting up a store is around estimate investment of Rs 12Lakhs to Rs 15Lakhs.
Margins offered by Xiaomi are around 8% to 12%. Hence, it is the top and best tech franchise in India
Flipkart Delivery Franchise
The franchise cost of Flipkart Delivery is around Rs 50,000 to Rs 3 lakhs, and sone additional Rs 5000 for registration. Hence, it is the top and best tech franchise in India
Dell Exclusive Stores
Getting a Dell company dealership is not a big challenge, you can contact or further apply on their official partnership website.
An estimated total investment required for getting a dealership of Dell is around Rs 10lakh to Rs 20lakh. Hence, it is the top and best tech franchise in India
Lenovo Exclusive Stores
Getting a Lenovo company dealership is not a big challenge, you can contact or further apply on their official partnership website.
An estimated total investment required for getting a dealership of Lenovo is around Rs 30lakh to Rs 50lakh. Hence, it is the top and best tech franchise in India
Samsung Smart Plazas
Samsung is a tech company that sells smartphones, laptops, and other tech appliances or services.
Its franchise cost for setting up a store is around estimate investment of Rs 10Lakhs to Rs 50Lakhs. Hence, it is the top and best tech franchise in India
Hewlett-Packard (HP) World
Getting an HP company dealership is not a big challenge, you can contact or further apply on their official partnership website.
An estimated total investment required for getting a dealership of HP is around Rs 30lakh to Rs 1 Crore. Hence, it is the top and best tech franchise in India
Apple Premium Reseller
Apple is one of the largest technology companies in the world. Apple has around 150 franchise stores as Apple Premium resellers in India. Apple franchise stores need about 1000 to 1500 square feet of retail space and an estimated Apple franchise cost in India of Rs 1 crore while many premium reseller companies like Unicorn, iDestiny, etc cost around Rs 20lakh to crore. Hence, it is the top and best tech franchise in India
MakeMyTrip
India’s leading trip planner company MakeMyTrip is offering a franchise model in which the area requirement is around 300-500 sq. ft and the average investment required is around Rs 10 lakh to Rs 20 lakh with the term of the agreement of 3 years. Hence, it is the top and best tech franchise in India
Cashify
Cashify is a refurbished smartphone and tech appliances brand. Cashify is a trusted platform that enables you to either go online or visit their outlets to get your renewed phone. Cashify also gives their franchise which requires an estimated investment of Rs50 lakh. Hence, it is the top and best tech franchise in India
Frequently Asked Questions
What is Franchise Business?
A franchise is a type of authorized or licensed dealer of a particular company.
What are the advantages of franchises?
Franchises have a lot of advantages such as a low risk of failure, market expertise, higher profits,
being your boss, etc.
What are the Disadvantages of Franchises?
Franchises have a lot of disadvantages too such as limited creative opportunities, terms and conditions of a company, etc.
Conclusion
A franchise has both advantages and disadvantages but the advantages are more in numbers. A franchise business can provide a healthy overview of its performance, challenges, and prospects, ensuring that all stakeholders are informed and prepared for the next steps.