IT Services Company Seeking Loan in Coimbatore, India
IT Services firm engaged in enterprise application development seeks capital for developing a proprietary product.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 530 thousand |
| Run Rate Sales | USD 280 thousand |
| EBITDA Margin | 18 % |
| Industries | IT Services |
| Locations | Coimbatore |
| Local Time | 8:03 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Seeking Loan
USD
1.17 million
for
15.0%
annual interest,
7
years
(Native Currency: INR 100,000,000)
Reason: The funds will be used towards completing the development and marketing of the skill training and em...
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Collateral Available: USD 820 thousand
Includes physical assets worth
USD
820 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
ROC-Verification.pdf
(39.6 KB)
Business Overview
- Coimbatore headquartered IT firm with offices in Coimbatore and Singapore.
- Provide enterprise software development services to clients across the world.
- As of last year, around 45% of our employees were tasked with building a software suite for another company owned by the same promoters.
- The company is also currently focused on building a proprietary skill training platform and employment portal for senior citizens, single parents and underprivileged women in Singapore.
- The Singapore Government is currently focused on solving these problems and we intend to launch our product which will address these issues soon.
- The prototype has already been developed and we are yet to test it and empanel stakeholders including NGOs and training / reskilling workshop providers and end-users.
- Our focus on our own proprietary product along with the development of the software suite for the other business owned by the promoter has restricted the business from taking on several projects and has impacted our revenue.
- With the completion of the software suite, revenue is expected to pick up significantly after 2 months time.
- The physical assets owned by the business include land, construction and other operating assets.
- Provide enterprise software development services to clients across the world.
- As of last year, around 45% of our employees were tasked with building a software suite for another company owned by the same promoters.
- The company is also currently focused on building a proprietary skill training platform and employment portal for senior citizens, single parents and underprivileged women in Singapore.
- The Singapore Government is currently focused on solving these problems and we intend to launch our product which will address these issues soon.
- The prototype has already been developed and we are yet to test it and empanel stakeholders including NGOs and training / reskilling workshop providers and end-users.
- Our focus on our own proprietary product along with the development of the software suite for the other business owned by the promoter has restricted the business from taking on several projects and has impacted our revenue.
- With the completion of the software suite, revenue is expected to pick up significantly after 2 months time.
- The physical assets owned by the business include land, construction and other operating assets.
Products & Services Overview
Enterprise software development, web and cloud application development, a proprietary skill training platform and employment portal for senior citizens, single parents and underprivileged women in Singapore.
Facilities Overview
4,000 sq. ft. of owned office space in Coimbatore. Leased office space in Singapore.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManaging Director, Bag Manufacturer, Salem, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder & CEO, Chennai, M&A Advisor connected with the Business
-
Earlier than 15 daysMD, Kochi, Financial Consultant connected with the Business
Tags:
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