Internet of Things Company Investment Opportunity in Chennai, India
Provider of comprehensive IoT solutions and managed IoT services for industries through its patented platform.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 100 - 500 |
| Legal Entity | Private Limited Company |
| Reported Sales | INR 38 crore |
| Run Rate Sales | INR 43 crore |
| EBITDA Margin | 40 % |
| Industries | Internet of Things |
| Locations | Chennai |
| Local Time | 4:52 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Moderately Active |
Partial Stake Sale
INR
80 crore
for
16.0%
stake
(Native Currency: INR 800,000,000)
Reason: We went from INR 1 crore revenue in 2017 to INR 38 crore in 2022. Our exponential growth despite Cov...
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Includes physical assets worth
INR
34 crore
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Domain-Verification.pdf
(212.6 KB)
ROC-Verification.pdf
(74.3 KB)
Business Overview
- Manufacturer, and operator of IoT devices for remote asset management.
- Remote asset management involves tracking trucks, cargo, and monitoring inventory levels. We provide the software that helps our clients track and monitor their assets.
- The company operates on an opex model.
- We own the IoT devices, install them, and provide support services.
- Our clients pay us monthly for the services that we provide.
- We have long-drawn 3 to 5-year contracts with our clients and are present in 120+ Indian cities.
- Clients include Indian Oil and private sector companies like Amazon.
- We have 2 types of clients - PSUs and private parties.
- The company has 12 shareholders. 55% is held by one promoter, 30% by another promoter, an international fund owns 4%, and the rest is owned by friends and family.
- Outstanding loan of about INR 9 crore.
- Remote asset management involves tracking trucks, cargo, and monitoring inventory levels. We provide the software that helps our clients track and monitor their assets.
- The company operates on an opex model.
- We own the IoT devices, install them, and provide support services.
- Our clients pay us monthly for the services that we provide.
- We have long-drawn 3 to 5-year contracts with our clients and are present in 120+ Indian cities.
- Clients include Indian Oil and private sector companies like Amazon.
- We have 2 types of clients - PSUs and private parties.
- The company has 12 shareholders. 55% is held by one promoter, 30% by another promoter, an international fund owns 4%, and the rest is owned by friends and family.
- Outstanding loan of about INR 9 crore.
Products & Services Overview
We supply, install, and manage IoT devices for PSUs and private sector companies. Our services include field support, 24*7 customer support, the embedding of the devices, and linking them to the client ERPs.
Assets Overview
The physical assets of the company include all the IoT devices owned by the company. All the IoT devices that we have installed are owned by us.The business only requires the manpower and a few soldering guns to manufacture the devices.
Facilities Overview
We have two leased facilities in Chennai, each facility has a built-up area of 12,000 sq. ft.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysFounder And Principal Strategist, Mumbai, M&A Advisor connected with the Business
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Earlier than 15 daysFounder & CEO, Pune, Financial Consultant connected with the Business
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Earlier than 15 daysDirector, Professional Services, New Delhi, Individual Investor / Buyer connected with the Business
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