RFID Systems Company Investment Opportunity in Toronto, Canada
Established | 5-10 year(s) |
Employees | 2 - 5 |
Legal Entity | Private Limited Company |
Reported Sales | USD 70 thousand |
Run Rate Sales | USD 229 thousand |
EBITDA Margin | 40 % |
Industries | RFID Systems |
Locations | Bangalore + 1 more |
Local Time | 8:57 PM America / Toronto |
Listed By | Business Owner / Director |
Status | Active |
- The company owns proprietary software & already executed projects in 8 countries with multiple customers. Agreement with channel sales partners in 10 countries.
- Company has developed an RFID application for hospitality, healthcare, logistics, and then for general asset & inventory tracking that is beneficial across all sectors.
- The company has a solid business network in Malaysia, UAE & Africa as most of its clients are from these regions.
- Have 35 clients at the moment.
- RFID is the most reliable solution for asset tracking, with a very huge market and opportunity for expansion.
- Team has over 20 years of industry experience.
- Key promoters will be based in Canada as well as India.
- The company now come up with the idea to develop a new product in digital tracking of all household garments and commercial laundries using QR applications along with RFID.
- It will be a first-of-its-kind application in the world.
- Company is projecting an average annual growth rate of 30%.
Currently:
1. RFID asset tracking.
2. RFID laundry management & supply chain Management.
3. RFID Tire tracking for trucking & logistics companies.
New product:
Market first e-commerce platform for garments and laundry tracking.
The solution will be a global aggregator model which has huge potential.
No additional or accountable assets except basic office furniture and set-up. Other assets are few RFID readers and devices.
- The incubation centre is located in Toronto Business Development Centre (TBDC)
- We also have a rented office in Bangalore.
Self-funded by the partners.
No debts/loans currently.
The business has 3 shareholders, with the founder having the maximum number of shares. 60% is owned by the founder and 40% is divided between the other 2 partners.
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Earlier than 15 daysCompany, Bangalore, Financial Consultant connected with the Business
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Earlier than 15 daysDirector, Bangalore, M&A Advisor connected with the Business