IT Services Company Seeking Loan in Coimbatore, India

- 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.

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.

4,000 sq. ft. of owned office space in Coimbatore. Leased office space in Singapore.