IT Consultancy Business Seeking Loan in Coonoor, India
IT consultancy with focus on mid-market and SME clients, strong success-rate in winning tenders.
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | General Partnership |
| Reported Sales | USD 70 thousand |
| Run Rate Sales | USD 70 thousand |
| EBITDA Margin | 40 % |
| Industries | IT Consultancy |
| Locations | Coonoor |
| Local Time | 6:10 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
23 thousand
for
17.0%
annual interest,
5
years
(Native Currency: INR 2,000,000)
Reason: Need funds to pay off our existing debt. Our current profits are being invested into a spin-off vent...
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Collateral Available: USD 0
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Business Name
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Business Overview
- The company is a leading IT consultancy firm based in Coonoor, India, catering to mid-market and SME clients.
- The company operates under a fully remote BYOD (Bring Your Own Device) model and currently employs 16 full-time staff, consisting of developers and designers. It also hires contractual staff on an as-needed basis.
- The company's top-selling service is IT consulting, and it also provides app development and software development services on an ad-hoc basis.
- Notably, the company's major client is the Times Group, and it undertakes projects under their various IPs, including Radio Mirchi and Spelling Bee. The company bids for projects through tenders, boasting an impressive 70% success rate in winning such bids.
- The company's focus is on mid-market and SME.
- The remote operating model presents cost efficiencies and flexibility, potentially contributing to the company's competitive advantage and high margins.
- The strong success rate in winning tender bids, particularly with a major client like the Times Group, highlights the company's ability to secure and deliver on high-value projects.
- The company operates under a fully remote BYOD (Bring Your Own Device) model and currently employs 16 full-time staff, consisting of developers and designers. It also hires contractual staff on an as-needed basis.
- The company's top-selling service is IT consulting, and it also provides app development and software development services on an ad-hoc basis.
- Notably, the company's major client is the Times Group, and it undertakes projects under their various IPs, including Radio Mirchi and Spelling Bee. The company bids for projects through tenders, boasting an impressive 70% success rate in winning such bids.
- The company's focus is on mid-market and SME.
- The remote operating model presents cost efficiencies and flexibility, potentially contributing to the company's competitive advantage and high margins.
- The strong success rate in winning tender bids, particularly with a major client like the Times Group, highlights the company's ability to secure and deliver on high-value projects.
Products & Services Overview
IT Consulting is our top-selling service.We also provide app development and software development on an ad-hoc basis.
Cater to Mid-market and SME clients.
Assets Overview
The business does not have any significant physical assets since the employees work from home using their own devices.
Facilities Overview
Partners are based in Salem and Coonor and operate from rented office spaces. Employees work under a WFH model.
Capitalization Overview
Self-funded and sustainable through profits. We received a non-interest loan of INR 15 lakh from friends and family for a spin-off venture.Business has 2 partners, each holding 50% shares.
Recent Activity
-
Earlier than 15 daysOwner, Technology, Whitby, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCXO, Edutech, Startup Consulting, Chennai, Individual Investor / Buyer connected with the Business
Tags:
Technology Consulting Business Seeking Loan in Coonoor, India
·System Integration Business Seeking Loan in Coonoor, India
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·Lend to System Integration Business in Coonoor, India
·Lend to IT Consultancy Business in Coonoor, India
·Technology Consulting Business Seeking Loan
·System Integration Business Seeking Loan
·Lend to Technology Consulting Business
·IT Consultancy Business Seeking Loan
·Lend to System Integration Business
·Lend to IT Consultancy Business
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