Biometric Products Company Investment Opportunity in Coimbatore, India

- The promoter is a Shark Tank India finalist and the company is a certified entity under Start-up India, DPPIT, and has also obtained ISO 9001: 2015 from TUVSUD.

- The company has retail clients today and the promoters come with an experience of over 24 years, with a good mix of both corporate and entrepreneurial experience, with over 5 years in a similar field.

- The promoter is also a six sigma black belt and an SMP from IIM Calcutta.

- We take care of both manufacturing and installation of our products.

- Our revenue comes from sales and installation of products and we also provide after sales service through which we generate revenue.

- We had a pilot phase last year where we achieved sales of INR 19 lakh. Currently, we have big projects in the pipeline which would generate for the investor a growth of 50-60%.

- Our products and services are targeted toward the global market.

- IoT solutions.

- Fingerprint-based cabinet locks for the residential sector, shops, banks, etc.

- Number pad-based cabinet locks for the hospitality sector.

- RFID-based locks.

- Electronic door locks operated through fingerprint, number pad, RFID, and key.

- Injection molding tools.

- Investment in office space.

- Electronic designs.

- Firmware.

- Electronic component stock.

- 2,500 sq ft of rented space near the Coimbatore airport.

- Single floor with 5 years lease.

- The rent is INR 1 lakh.

- Bootstrapped by 3 shareholder's funds.

- Collateral-based loan of INR 1 cr from bank.

- Total investment of INR 2 cr has been done in the business.