The article is about the selection and ranking of cold chain logistics service provider in pharmaceutical industry. For this study the diabetics drugs (Insulin) were taken for the cold chain, habitually and typically used in supplying insulin over different merchant.The insulin has to be kept, to be maintained and stored then given to merchants for the usage of customer requirement.The major objective of this paper is to select and rank alternative logistics service provider for the manufacturer, since there were many logistics service provider in India.This proper channels has to be properly done and maintained by the third party logistics provider, where from the multi criteria decision making purpose AHP and FAHP technique are to be used for selecting the best service provider.