Biometric Products Company Investment Opportunity in Coimbatore, India

- The company is a women owned enterprise and is at present the only import substitute and indigenous manufacturing company, for electronic furniture locks and biometric safe lockers. All other brands are imported from China and other countries.

-The company is a registered vendor in GEM, ISO certified entity, DPPIT certified entity and also a registered entity in start up india, MSME and Start up TN.

The company has pipeline worth about INR 4 Cr for FY 2024-25.

- 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.

- Currently, we have big projects in the pipeline and we hope to provide an investment return of over 4x for our investors in three years.

- Electronic Safe.

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.