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.
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.
Partial Stake Sale
USD
8.4 million
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...
View More
Includes physical assets worth
USD
3.6 million
In talks with 3 Investors