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IT Contract Staffing Company With INR 100 Crore Tax Exemption in Bangalore, India

IT contract staffing with 100 Crore tax exemption looking for investors for growth.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 120 thousand
Run Rate Sales USD 70 thousand
EBITDA Margin 23 %
Industries Staffing + 1 more
Locations  Bangalore
Local Time 2:59 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 60 thousand for 49.0% stake (Native Currency: INR 5,000,000)
Reason: Need an investor who can fund our growth for a new team and billable resources. Contract staffing n... View More
Includes physical assets worth USD 30 thousand
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Business Name
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Documents
Corporate Deck
Tax Exemption
ROC Document
Business Overview

- IT staffing company started operations in late 2018.

- INR 1 Crore Revenue YoY.

- Built apps, IT products and did projects for customers.

- Core business is IT contract staffing with active contracts Wipro (direct), IBM (sub), and Infosys (sub) to name a few.

- Promoter has a strong background with over 20 years of management experience in IT services and staffing.

- Promoter has experience building, generating & managing revenues of over INR 125 crores each year as BU Head at an MNC heading operations across India and EMEA.

- Was also previously employed as a CEO of a mid-size It Services firm where he grew revenues by 95% in one year.

- Have now acquired a newly established IT company in the USA and renamed (goal is to do H1Bs)

- Intend to incorporate and grow in UAE and expand operations into these 2 countries by hiring a sales team.

- Company had investors for INR 3 crore pre-Covid, but they pulled out due to global business fears amid the Covid pandemic.

- Revenues are flat INR 1 Crore and contract staffing needs fund infusion for growth.

- Last year, we got a INR 100 Cr income tax exemption (attached). INR 100 Crores tax exemption can be used within 5 years from now.

- Investor onboarded with 49% stake dilution to invest in growing India and USA.

- But the investor downsized and roadblocked hiring recruiters and team for growth.

- Lost most active billing resources, and revenues down to all time low 1-2 resources on billing.

- Active contracts with Wipro (direct) IBM, Infosys and huge potential to grow contract staffing business.

- Company feels this is the right time for the entry of an investor as we are now seeing a huge surge in opportunities.

- Will buyback the shares from the existing investors.

Products & Services Overview

IT contract staffing.

IT services.

Software development.

Assets Overview

Active client contracts and relationships.

20 years of experience and veteran staffing leader as promoter.

Active Naukri subscription.

Access to more clients and good team & network.

Facilities Overview

Manyata Tech Park Bangalore - Registered Office.

Capitalization Overview

No loans,

Now it is currently funded by personal money for the last 5 years.

Although investors purchased the shares there was no investment made to grow the team and business, hence want to buy back the shares and grow big.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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