Custom Application Development Company for Sale in Pune, India
Opportunity to acquire a non-operational company in Pune with existing registrations, suitable for IT services.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 177 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Custom Application Development + 1 more |
| Locations | Pune |
| Local Time | 1:55 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
5.5 thousand
(Native Currency: INR 500,000)
Reason: The strategic business decision was made by the board of the parent company in Turkey to cease India...
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GST Certificate
(229.3 KB)
Company PAN
(1.8 MB)
Business Overview
- The business is a non-operational company located in Pune, previously focused on software product development for its parent entity but has since ceased operations.
- It operated with a single major foreign client based in Turkiye, generating approximately INR 3.2 crores in revenue since its incorporation.
- The revenue model operated on a cost-plus basis, with monthly invoices raised to the client, ensuring consistent cash flow during its operational years.
- The company does not own any software intellectual property; all software IP rights are held by the parent entity.
- The entity is currently available for acquisition, providing an opportunity for buyers to start their own operations using existing licenses such as Udyam and IEC.
- Target buyers include foreign companies looking to enter the Gulf Cooperation Council (GCC) market in India, thereby enhancing their software and IT service offerings.
- It operated with a single major foreign client based in Turkiye, generating approximately INR 3.2 crores in revenue since its incorporation.
- The revenue model operated on a cost-plus basis, with monthly invoices raised to the client, ensuring consistent cash flow during its operational years.
- The company does not own any software intellectual property; all software IP rights are held by the parent entity.
- The entity is currently available for acquisition, providing an opportunity for buyers to start their own operations using existing licenses such as Udyam and IEC.
- Target buyers include foreign companies looking to enter the Gulf Cooperation Council (GCC) market in India, thereby enhancing their software and IT service offerings.
Products & Services Overview
The company was into developing software products for the parent entity and operated with a single major foreign client. The business has ceased operations.
Assets Overview
No tangible assets are included in the sale.Intangible assets:
- Pvt Ltd entity.
- Udyam certificate.
- GST certificate.
- Company PAN.
Facilities Overview
There are no facilities as part of this transaction.
Capitalization Overview
The decision was made to let go all current employees in India and cease operations due to strategic business decisions in Turkiye. Currently there are no longer invoices or revenue. There is no outstanding debt. There are 2 directors, parent company holds 99% of stake and 1% with promotor.
Recent Activity
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Earlier than 15 daysIndependent Advisor, Pimpri-Chinchwad, Financial Consultant connected with the Business
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