ATM Seeking Loan in Bangalore, India

- We are a manufacturing company operating since 1996.

- We manufacture ATM machines, passbook printing machines, cheque deposit kiosk, cash deposit machines and supply them to nationalized banks.

- We supply to 6 banks namely Canara Bank, SBI, Karnataka Bank, Vijaya Bank, Andhra Bank, Syndicate Bank across India.

- Currently we manufacture 850 machines per month and our plant has capacity to manufacture around 1,000 machines.

- Our target is to manufacture10,000 machines per month. With this fund of Rs. 25 crore we would invest to increase the production capacity of our facility and purchase sufficient raw materials so we can reach out target.

- Raw materials are procured from Bangalore, Coimbatore and Japan through a dealer.

- Each machine costs between Rs. 5 to 10 lakh.

- Physical assets include own land and machinery.

We manufacture and supply ATM machines, passbook printing machines, cheque deposit kiosk, cash deposit machines for banks.

Leased office and godown of 5,000 sq ft and 10,000 sq ft respectively in JP Nagar, Bangalore. Company owned 1,90,000 sq ft land in Bangalore which can be given as collateral for loan.