Internet of Things Company Investment Opportunity in Chennai, India
Established | 10-20 year(s) |
Employees | 100 - 500 |
Legal Entity | Private Limited Company |
Reported Sales | USD 4.6 million |
Run Rate Sales | USD 5 million |
EBITDA Margin | 40 % |
Industries | Internet of Things |
Locations | Chennai |
Local Time | 7:00 PM Asia / Kolkata |
Listed By | Management Member |
Status | Active |
- 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.
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.
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.
We have two leased facilities in Chennai, each facility has a built-up area of 12,000 sq. ft.
-
Earlier than 15 daysCo-Founder, IT Services, Mergers And Acquisitions, Head Hunting, Pune, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Engineering / IOT, Sofia, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysHead Of Customer Relationship, Mumbai, Financial Consultant connected with the Business