Conveyor Company Seeking Loan in New Delhi, India

- Startup company under Make In India that has been awarded for POC of a self-baggage drop solution at Chennai Airport for 3 months.

- We are one of the only companies to manufacture SBD machines in India.

- Are also working on POC for Intelligent Traffic Management Solutions (ITMS) for Delhi Traffic Police.

- Clients for SBD would be AAI and private airlines.

- Retail price of each self-baggage drop machine is going to be INR 2 crore, our competitor sells it for INR 3 crore.

- Complete hardware and software for the SBD are in-house.

Currently focussing on:

- Self-baggage drop (SBD)

- Intelligent Traffic Management Solutions (ITMS)

We are also working on:

- Flight information display (FIDS)

- EGate solution based on facial recognition systems.

- Perimeter intrusion detection systems (PIDS)

Tangible assets - laptops and production material worth INR 30 lakh and a prototype worth INR 2 crore.

Intangible assets - the in-house IP's valuation is in progress.

Rented workshop and office of 1,000 sq. ft. for system integration and assembly of SBD. This workshop is in New Delhi. In addition, we also have been given an area at Chennai Airport for testing, system integration, and storage.

The company has 4 directors with equal partnerships and is self-funded. All 4 directors are pooling in funds. There are no bank loans as of now.