Consumer Electronics Company Investment Opportunity in Coimbatore, India

- Company specializing in manufacturing IoT based wireless smart locks.
- We are a DIPPT certified company, and are one of the few indigenous manufacturer of smart locks in India.
- This smart lock is keyless and is controlled through a smartphone using WiFi and Bluetooth. We already have 2 models on the market and are working on the prototype of our new model.
- Our maximum production capacity is 1,000 locks per month, and our current capacity utilization is 40%.
- Have tied up with 6-7 dealers across India to market the products for us and provide installation services.
- We launched the products in late 2019, and have completed over 70 installations across India during the 3-4 months period.
- Have Android and iOS applications with over 100+ installs.
- We currently provide installation for residential clients. Hotels and commercial businesses are our potential clients to target in the future.
- Promoters have more than 20 years of experience in the electronics and IT industry.
- Business-owned assets include machinery and equipment.
- Was featured in Shark Tank India.
- Recipient of the prestigious "Vishwakarma Award" from CIDC (Construction India Development Council), a Central Government entity, for the best technology start-up in the construction sector.