Furniture Business Seeking Loan in Panipat, India

- Our products were being imported from other countries and sold to dealers in 2019 and before. We have started our own manufacturing unit in February 2020.
- The unit is located 11 km away from Panipat.
- We design and manufacture steel almirahs, hospital beds, office cabinets, LED stand, bunk beds, and shoe rack using stainless steel with customization which is sold under our proprietary brand that is trademarked.
- We manufacture about 100-125 pieces per day and run with a production capacity of 50%.
- Currently running with one shift that is 8 hours/day.
- From manufacturing to assembling everything is done in-house.
- Procure raw materials from 5-6 vendors who are located across India.
- Have a tie-up with 55 dealers and 40 distributors across India.
- The price of the products ranges between INR 7,500 to 54,000 depending on the products.
- 60% of the sales constitute the cupboards and 30% comprise of hospital beds. Rest 10% comprises of the remaining items.
- We are listed on IndiaMART and Flipkart.
- Advertising and marketing are done through boards, advertisements on news channels, and social media.
- Have around 60 labours who work on a contractual basis.
- We have a sales team of 5-6 people who take care of sales across India.
- Have tie-up with 2 logistic companies who help in transportation.
- Our website is under construction and is expected to be launched soon.