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Fabricated Metal Products Company for Sale in Mumbai, India

For Sale: Industrial automation business with Indian Railways as their key client.

Established 10-20 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 70 thousand
Run Rate Sales USD 240 thousand
EBITDA Margin Nil
Industries Fabricated Metal Products + 1 more
Locations  Mumbai
Local Time 4:10 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 130 thousand (Native Currency: INR 10,000,000)
Reason: The promoter wants to sell the business due to the poor financials for the last 3 consecutive years.... View More
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Business Overview

- Our business was incorporated in the year 2006, we started with only job work and expanded to become OEM's for the material handling equipment for Godrej and Voltas.

- We were into servicing the forklift trucks also, diversified into manufacturing to drawing items for Indian Railways in 2012 and hence further diversified into designing and offering automation solutions to Indian Railway workshops.

- Currently, we are in the process of building complete coaches for the Narrow Railway line of Neral - Matheran. We have already facilitated the manufacture of narrow gauge diesel locomotives at a loco workshop in Parel.

- Received a single contract which was 3 times our yearly revenue for a fully automated shot blasting and robotic painting line for an Indian Railways greenfield project.

- Our brand value is very high with all the customers we work with in terms of quality, cost, and delivery.

- Our customer base is of 10-12 recurring clients with 6 major projects completed to date. Our major client is Indian Railways but we have 8 sub-clients in terms of individual railway workshops in various regions of Mumbai and a couple of cities in India.

- We have tie-ups with 8-10 suppliers for the raw materials.

- Till 2017 we had a CAGR of approximately 15%. Post that Indian Government laid a complete ban on the manufacture of new diesel locomotives which set us back.

- Due to Covid, our operations were affected last year and we did not generate much sales.

- Collective experience of both the promoters is 60 + years in the field of engineering and manufacturing and both the promoters are qualified engineers themselves.

Products & Services Overview

OEM's for the material handling equipment, designing locomotive components, manufacturing, drawing items, designing and offering automation solutions, and contractor for shot blasting and painting services.

Assets Overview

The business does not own any physical assets.

Facilities Overview

There is no built up area as we are in the process of winding up.

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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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