HVAC Equipment Company Investment Opportunity in Bhopal, India

Manufacturing and designing heat transfer systems, cooling and heating systems, air cooled and water cooled condensers. 1 winding machines, 1 finning machine, 8 drilling machines, 1 vertical turning machine, CNC machine, other machines and equipment. Manufacturing unit in Bhopal has an area of 52,000 Sq. Ft. with a covered area of 30,000 Sq. Ft.
The second unit is located 20 kms from Bhopal and has an area of 6.5 acres and a covered area of 70,000 Sq. Ft.
Both properties are leased. The business is a family owned private limited company with 82% shares among the family members (72% with main promoters) and 18% is held by business associates/employees.
The business was financed by Canara Bank but not getting working capital support from Canara bank after a massive investment of around Rs 20 Cr with.
Loan from Canara Bank, the business ran into rough whether despite a massive order book position (Rs 50 Cr in September 2017 in the backdrop of annual sales of Rs 44 Cr in 2016-17. The bank instead of restructuring filed suits/proceedings for recovery.
Ultimately in June 2024 the company has settled its accounts with Canara bank by compromise settlement from out of property sale by the promoters, assistance from business associates and some market borrowings.
Funds are now needed for repaying the market borrowings and working capital.