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Millennium Path Lab
Millennium Path Lab is India’s most advanced, fully automated laboratory, with a strong presence in Maharashtra. Millennium Path Lab is India’s oldest diagnostic laboratory, with a focus on quality, affordability, accreditation, and accuracy of reports. The laboratory was established in 1979 in Thane, Maharashtra, and soon became the first laboratory to achieve NABL accreditation. The popularity of the lab began to increase within hospitals, many other labs, and among patients due to its excellence in meeting and providing service to patients.
With the modest aim of fulfilling pathology needs and understanding various demands, the laboratory has come up with the brand “Millennium Path Lab.”.
Millennium Path Lab operates with a centralized processing unit in Mumbai (India) and looks forward to enhancing its network through regional processing labs and collection centers in major metro cities in India. Millennium’s focus is to create a laboratory network with a strong IT structure, world-class technologies, aggressive branding, and an affordable cost.
Considering “quality” as the backbone of lab management, Millennium Path Lab became one of the first labs to achieve NABL accreditation in 2005 as a laboratory gold standard. Further feathers, like CAP accreditation and ICMR approval for COVID-19 testing, were added to the hat, strengthening the credibility of the laboratory.
Our passion for accuracy and quality enabled us to create 5000 sq. ft. of laboratory floor with state-of-the-art instruments, a 24x7 operational unit, professional logistic support, and completely IT-driven operations to ensure error-free processing. Barcoded, bi-directional interfacing ensures a minimum turn-around time from sample receipt to report-out.
Stringently monitored operations, trained and qualified staff, and world-class instruments have ensured “Millennium Path Lab” to provide the best diagnostic services to its associated hospitals, labs, and doctors. We look forward to extending our lab services through our franchise network, offering franchises for “collection centers” and “regional satellite laboratories.”.
Our Strengths:
Operations Commenced On 1979
Franchise Commenced On 2015
Investment INR 50000 - 2lakh
Franchise/Brand Fee INR 100000
Royalty/Commission 40 %
Anticipated percentage return on investment 40 %
Likely pay back period of capital for a Unit Franchise 0-0 Months
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Maharashtra
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Type of property required for this franchise opportunity Commercial
Floor area requirement 150 - 500 Sq.ft
Franchisee training location Thane
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 2 Years
Is the term renewable? Yes
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