Bags Manufacturing Company Investment Opportunity in Mumbai, India

Top-selling products include:
Expandable Carry-Ons: These are favored by frequent flyers and business travelers for their versatility and compliance with airline cabin regulations. The carry-ons are equipped with smart compartments for laptops and essentials, ensuring ease of use during travel.
Ergonomic Backpacks: Designed for both professionals and students, these backpacks feature an intuitive design with posture support, making them a popular choice for daily use.
Travel Accessories: High-quality travel accessories are used by comfort-seeking passengers.
Hardshell Spinner Suitcases: These durable and stylish suitcases are a hit among vacationers and families for their robust construction and ease of maneuverability.
Adventure Gear: Rugged duffels and waterproof bags designed for outdoor enthusiasts and adventure travelers, known for their durability in harsh conditions.
The users of products span a broad spectrum, from corporate executives and digital nomads to college students and outdoor adventurers. The products are designed with specific customer needs in mind, such as:
Ease of Use: Multifunctional compartments for organized packing and quick access during transit.
Durability: High-quality materials to withstand the rigors of frequent travel.
Comfort: Ergonomically designed straps and handles for comfortable handling and carrying.
Style: Contemporary designs that resonate with fashion-forward travelers.
These products are used in various scenarios, from daily commutes to international travel, and are sold through both online platforms and retail outlets, catering to the modern consumer's preference for both convenience and experiential shopping. Luggage inventory, manufacturing equipment, 6000 sq. ft real estate in Mumbai, and 2 lac sq. ft. space in Muzaffarpur, Bihar. Boasts a comprehensive owned manufacturing setup strategically located to cater to both domestic and international markets. Our facilities are designed to support our commitment to quality, efficiency, and innovation in luggage manufacturing.
Primary Manufacturing Unit in Mahim, Mumbai:
Owned built-up Area: Our state-of-the-art soft luggage manufacturing facility spans 6,000 square feet.
Location: Situated in the bustling industrial area of Mahim, Mumbai, the facility benefits from the city's robust infrastructure and connectivity.
Production Capabilities: The unit is equipped with advanced machinery and dedicated lines for cutting, sewing, and finishing, allowing for a significant output of high-quality soft luggage.
Floors: The manufacturing unit is designed for optimal workflow across a Four-story layout, facilitating seamless production processes.
New Factory in Muzaffarpur Bihar:
Size and Scope: We are expanding our manufacturing prowess with a new factory under construction over a sprawling 2 lakh square feet area.
Product Range: This facility will significantly boost our manufacturing capabilities, allowing us to produce an extensive range of both hard and soft luggage to meet the growing market demands.
Rental/Lease Details: This strategically located facility operates on a long-term lease, ensuring stability and operational consistency for our clients and workforce. The new factory in Bihar is on lease for INR 10 cr for 99 years. Current funding and financial structure:
The business has been a testament to the power of bootstrapping, having been self-funded by the promoters since its inception. Our prudent financial management and reinvestment of operational profits have fueled our steady growth and expansion.
Debt and loans:
Overdraft from Yes Bank: we have strategically utilized an overdraft facility of INR 5 crores from Yes Bank, allowing us the flexibility to manage working capital and ensure smooth operational efficiency.
Sidbi loan for manufacturing unit: to support the construction of our state-of-the-art manufacturing unit in Bihar, we have secured a long-term loan of INR 17 crores from the Small Industries Development Bank of India (sidbi). this funding is instrumental in establishing a facility that will enhance our production capacity and market reach.
Ownership and shareholding:
Promoter ownership: The business prides itself on being a fully promoter-owned enterprise, with 100% of the shareholding under the control of the founding members. This ownership structure has allowed for quick decision-making and a unified strategic vision.
The promoter-driven capital structure has not only ensured a robust financial foundation but also allowed us to maintain our entrepreneurial spirit and commitment to innovation. As we look toward future growth, we continue to explore avenues that.