IT Services Company Investment Opportunity in Bangalore, India
Established | 20-30 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 500 - 600 thousand |
Run Rate Sales | USD 600 thousand |
EBITDA Margin | 20 - 30 % |
Industries | IT Services |
Locations | Bangalore |
Local Time | 4:01 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- Company provides digital transformation solutions using emerging technologies. Our business processes are ISO certified.
- With clientele spread in 23+ countries, the company has serviced more than 500 clients in its 17 years of operations.
- We can offer our services to 3,000 SMEs as we have partnered with the Government of Qatar for digital transformation.
- Region's top industry leaders have been our customers and we have delivered our services both onsite and offshore. Some of our clients are Qatar Insurance Co, Doha Bank, National Car Rental.
- Our company has catered to enterprises & corporates with 60% focus on SMEs, 20% focus on start-ups and the remaining 20% focus on government entities.
- The firm also has a registered entity in the US, UAE and Qatar. We haven't generated revenue through our US and UAE entity. The entity in Qatar used to contribute 30% to our total revenue. However, at present, 100% of our revenue is generated through our Indian entity.
- In 2018, the company had grown to a 110 members team with a revenue of INR 10 crore. However, due to the cash crunch and downsizing of our operations, our revenue was reduced.
- Company was awarded "Top 10 Development Companies in Dallas" by ContractIQ. In addition to this, the company has won numerous design awards as well.
- The sales of the business will grow in the coming months and we are targeting achieving sales of around INR 6cr this financial year.
- Web app development.
- Mobile app development in Native iOS, Android, React Native, and Ionic frameworks.
- Digital marketing: Marketing automation, CRM automation, lead nurturing, mailer campaigns, SEO management, social media marketing, SEM/PPC services.
- DevOps/cloud services, AWS management, hosting and IoT projects as well.
- Artificial Intelligence (AI), Multiverse technology, Blockchain, Crypto platforms, NFT.
- Web and network security implementation, audit and compliance.
- Current clients being serviced.
- Past client and lead database.
- 17-year-old brand in India, US, UAE and Qatar with very high SEO ranking.
- Trademark and portfolio of servicing more than 500 clients across 23+ countries.
- Employees and consultants who are working for the organization.
- Ready to go brands for bidding and qualifying for large ticket sized tenders.
- Company does not own any physical assets as all the assets are taken on rent.
Company was leasing an office space of 10,000 square feet before covid, but it has given up the office due to 100% work from home practice for employees. Currently operating in virtual mode.
We have 6 shareholders and have an overdraft of INR 1 crore. Funded via equity and loans.
Term loans from Kotak Mahindra, Bajaj Finance totalling INR 25 lakhs and a vehicle loan from Kotak Mahindra for INR 24 Lakhs.
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Earlier than 15 daysManaging Director & CEO, Web & Mobile Application Development, Bangalore, Individual Investor / Buyer connected with the Business