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Drones Business Seeking Loan in Nagpur, India

Nagpur based business specializing in R&D, providing custom IoT, AI, and drone solutions.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 7 - 8 thousand
Run Rate Sales USD 135 thousand
EBITDA Margin 30 - 40 %
Industries Electronics Manufacturing + 1 more
Locations  Nagpur
Local Time 1:58 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 56 thousand for 12.0% annual interest, 10 years (Native Currency: INR 5,000,000)
Reason: To purchase tools, marketing and working capital.
Collateral Available: USD 11.3 thousand
Includes physical assets worth USD 1.24 thousand
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Business Overview
- Global presence: Provides hardware and software development and product design services in over three countries, including the USA, UAE, and Palestine.
- Diverse product development: The company has developed innovative products across multiple sectors, including medical, automotive, and industrial automation.
- Client base: Currently, business has over 150 clients, primarily from India and the mentioned regions, showcasing its strong market presence.
- End-to-end R&D services: End-to-end product research and development is the company's most in-demand service, tapping into a significant market opportunity.
- Experienced team: The team possesses over six years of industry experience, ensuring high-quality solutions for clients.
- Promoter background: Key promoters are based in India and UAE, bringing a wealth of experience and expertise to the business.
- Innovative ventures: The company is committed to leveraging new inventions and research tools to deliver the best solutions, with a new venture focused on green hydrogen generation, a valuable and crucial resource globally.
- Growth potential: With its R&D solutions projected to achieve 40% growth and the green hydrogen initiative anticipated to triple company growth within three years, the company is poised for significant expansion.
- Registered business: Holds MCA, MSME, and GST registrations, establishing its legitimacy and compliance in the market.
Products & Services Overview
- The business offers a range of top-selling products and services tailored to diverse industries.
1. Custom drones are popular among agricultural companies, surveillance agencies, and construction firms, utilized for crop monitoring, land surveying, and security surveillance, and equipped with advanced features like real-time object recognition and obstacle avoidance.
2. Home automation solutions appeal to homeowners and property management companies, enhancing convenience through smart lighting and security systems.
3. Medical devices designed for healthcare providers improve patient care and operational efficiency.
4. Additionally, power management systems (BMS) cater to electric vehicle manufacturers and renewable energy firms, ensuring safe battery operations.
- The company also excels in PCB design and manufacturing, embedded systems development, AI and machine learning solutions, and R&D consulting, helping clients innovate and navigate complex technologies while boosting operational efficiency, reducing costs, and enhancing customer satisfaction across sectors.
Assets Overview
The physical assets owned by the business include computer systems, the internal furnishing of the office, some RnD tools, and attendance system.
Facilities Overview
- The business operates from a rented facility with a built-up area of 900 square feet. The premises are designed to accommodate our diverse operations, providing adequate space for hardware and software development, product design, and collaboration among team members.
- The facility is single-story, ensuring easy accessibility for all staff and visitors. We pay a monthly rent of INR 20,000, which includes essential utilities. Additionally, a security deposit of INR 50,000 has been submitted, securing our lease agreement. The rental contract is renewable every 11 months, offering flexibility for future expansion or relocation as the business grows. This facility supports our commitment to delivering high-quality research and development services while maintaining a conducive work environment.
Capitalization Overview
- Business has successfully cleared its outstanding loan of INR 74,000 and is now actively seeking funding to support its growth initiatives.
- The company aims to leverage this funding for expanding operations, enhancing product development capabilities, and exploring new ventures, including the drone product generation project. This funding will help strengthen our position in the market and drive further innovation across its diverse service offerings.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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