Industrial Electrical Switchgear Company Seeking Loan in Chennai, India

- The company is a part of a group of companies that manufacture switchgear, automotive and precision-fabricated products. Over 80% of the group's revenue comes from manufacturing switchgear and precision-fabricated products with 20% coming from automotive products. This particular entity manufactures switchgear and precision-fabricated products.

- The business is primarily targeting the energy (solar and wind), and transportation industry.

- Revenue has fallen primarily due to a decrease in orders arising from the ongoing pandemic.

- We have a production capacity of 100 tonnes daily. The business has 200+ suppliers and over 8-10 customers.

- Out of the 8-10 customers, 4-5 buyers are part of our major clientele and some of them include Vestas, Schneider Electric, Vestas, General Electric and Toshiba.

- Our company has won the best supplier award from General Electric for multiple years.

- We have a working capital limit from the bank. Besides that, the business has not taken on any debt.

- Switch-gear.

1) Air circuit breakers and switches (Fuse)

2) Parts for air circuit breakers and sub-assemblies.

3) Cluster assembly.

4) Bus-bars.

- Precision fabricated products.

We own a manufacturing unit with an area of 6000 square feet.

Multiple dedicated machinery and equipment.

Owns 1 manufacturing unit with an area of 6,000 square feet.

Renting a production unit with an area of 25,000 square feet. Paying a monthly rent of INR 3,50,000 and have already paid a deposit of INR 32,00,000.

The registered office has an area of 2,000 square feet and is located inside the owned production unit.