Consumer Electronics Company Investment Opportunity in Coimbatore, India

- Company specializing in manufacturing IoT based wireless smart locks.

- We are a DIPPT certified company, and are one of the few indigenous manufacturer of smart locks in India.

- This smart lock is keyless and is controlled through a smartphone using WiFi and Bluetooth. We already have 2 models on the market and are working on the prototype of our new model.

- Our maximum production capacity is 1,000 locks per month, and our current capacity utilization is 40%.

- Have tied up with 6-7 dealers across India to market the products for us and provide installation services.

- We launched the products in late 2019, and have completed over 70 installations across India during the 3-4 months period.

- Have Android and iOS applications with over 100+ installs.

- We currently provide installation for residential clients. Hotels and commercial businesses are our potential clients to target in the future.

- Promoters have more than 20 years of experience in the electronics and IT industry.

- Business-owned assets include machinery and equipment.

- Was featured in Shark Tank India.

- Recipient of the prestigious "Vishwakarma Award" from CIDC (Construction India Development Council), a Central Government entity, for the best technology start-up in the construction sector.

Mortise smart locks with access through RFID, mobile, keys, and fingerprints.

IP of the product design, assets in factory related to manufacturing, electronics design, stock of raw materials and finished goods.

Rented factory space of 2,500 sq ft and rented office space of 2,000 sq ft.

- There are a total of 7 shareholders. Out of 7 shareholders, 6 shareholders are friends and family and one is a strategic investor.

- Total capital is INR 4 Crores. Have taken a loan from bank for INR 35 lakhs bank loan.

- The company has raised investment at a valuation of Rs 11 crores.