↩ Go Back
Need help?

GPS Devices Company Seeking Loan in Chandigarh, India

IOT-based company dealing with tracking and fleet management systems with 250+ active customers.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 400 thousand
Run Rate Sales USD 500 thousand
EBITDA Margin 15 %
Industries GPS Devices + 1 more
Locations  Chandigarh
Local Time 4:58 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 360 thousand for 13.0% annual interest, 5 years (Native Currency: INR 30,000,000)
Reason: For working capital and expansion of the business.
Collateral Available: USD 0
Includes physical assets worth USD 80 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- The company has two founders with experience of 10+ years of the telematics industry.

- We are specialists in fuel monitoring solutions.

- Last year we were in the top 10 in the Asia Pacific region in the Wialon rating.

- We are an exclusive partner with the company Mechatronics based in Belarus for fuel sensors for more than 4 years.

- We are serving 250+ customers and 15+ corporates.

- The company is making revenue with hardware sales, subscription per vehicle, and AMC plans.

- Business is registered in Chandigarh but the office is in Mohali.

Products & Services Overview

We are a tailor-made solution provider for vehicle tracking using GPS and fuel monitoring solutions for fleets and machines used in different types of industries like construction, FMCG, pharma, logistics, cold chain & schools.

Assets Overview

Assets include 29+ laptops, 26 computers, office furniture, MG hector car, kitchen essentials, and INR 35 lakh+ stock.

Intangible assets include the company website, white-labeled web apps & mobile app.

Facilities Overview

We have a rental office of one full floor with an area of approx 2,500 square feet in Mohali sector 75.

Capitalization Overview

We are currently funded with INR 40 lakh CGT MSME overdraft from Canara Bank, term business loans from banks INR 40 lakh, and director loans of INR 1 crore and INR 80 lakh. Both directors have 50-50 % shareholding.

Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business

10 Investors already contacted this Business.
Register below to connect now!

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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more