Custom Application Development Company Investment Opportunity in Chennai, India
Chennai based IT services company with a strong global clientele seeking investment for expansion.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 470 thousand |
| Run Rate Sales | USD 424 thousand |
| EBITDA Margin | 20 % |
| Industries | Custom Application Development |
| Locations | Chennai |
| Local Time | 1:00 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
470 thousand
for
25.0%
stake
(Native Currency: INR 40,000,000)
Reason: - The company needs enough funding to support its expansion as it strives to satisfy the high demand...
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Includes physical assets worth
USD
28.3 thousand
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Documents
ROC-Verification.pdf
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Business Overview
- Business that develops custom application software for mortgage and pharma companies.
- The company's primary clientele is located in the US, UK, and Norway.
- International projects yield 85–90% of total revenue.
- In addition to foreign clientele we also have domestic clients in Hyderabad and Bengaluru.
- The company receives payment on a monthly basis and does not witness a payment due by more than 30 days.
- 6 of the 30 employees work remotely, and all employees are fully positioned and there is no culture of benching.
- Sales have dropped this year as we are unable to meet the excessive demand of the global clients.
- The company is registered under MCA and holds a GST certificate.
- The promoter holds 30+ years in the IT industry and equivalent experience for their management members.
- The company's primary clientele is located in the US, UK, and Norway.
- International projects yield 85–90% of total revenue.
- In addition to foreign clientele we also have domestic clients in Hyderabad and Bengaluru.
- The company receives payment on a monthly basis and does not witness a payment due by more than 30 days.
- 6 of the 30 employees work remotely, and all employees are fully positioned and there is no culture of benching.
- Sales have dropped this year as we are unable to meet the excessive demand of the global clients.
- The company is registered under MCA and holds a GST certificate.
- The promoter holds 30+ years in the IT industry and equivalent experience for their management members.
Products & Services Overview
- The company develops application software by providing custom development services which attracts their clients.- Their services are majorly used by US- based mortgage companies and Norway based biopharma companies.
Assets Overview
Tangible assets include laptops, vehicles, air conditioners, Wi-Fi network and furniture,
Facilities Overview
The company runs out of a 1,500 sq ft rented office space in Thyagaraya Nagar, Chennai, which has interior IT infrastructure. For the office space, they pay a monthly rent of INR 80,000.
Capitalization Overview
The business is funded by the promoters themselves and is jointly owned by the promoter and his wife sharing an equity split of 50% each.
Recent Activity
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Earlier than 15 daysDirector, Professional Services, New Delhi, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Technology, Kuala Lumpur, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Technology, Vellore, Corporate Investor / Buyer connected with the Business
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