Manpower Supply Company Investment Opportunity in Chidambaram, India
Established | 10-20 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 340 thousand |
Run Rate Sales | USD 68 thousand |
EBITDA Margin | 40 % |
Industries | Advertising Agencies + 1 more |
Locations | Chidambaram |
Local Time | 5:09 AM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- Had a long-standing partnership with ICICI Bank, providing manpower services to 20 branches across India for over a decade; contract renewable every 5 years.
- Current manpower operations have been temporarily halted for the past 6 months, due to the need for investment to renew the lucrative contract with ICICI Bank.
- Revenue model based on a 1% commission from total sales generated through the supplied manpower; previously a stable income source. Was generating INR 20 lakhs per month from these services alone.
- Currently pivoting to advertising and marketing services on a smaller scale, while maintaining the same business entity for both. Working with sectors including textiles, healthcare, and education on 2 projects.
- Noticeable decline in revenue this year attributed to the suspension of manpower operations since the last 6 months; potential for recovery and growth with renewed investment.
- Advertising and marketing services – The business is also offering advertising and marketing solutions, focusing on smaller-scale projects within sectors such as textiles, healthcare, and education.
Clients:
- Banks and corporate clients – Previously, ICICI Bank and its 20 branches were a key client for manpower services, benefiting from the sales staff provided.
- Businesses in textiles, healthcare, and education – In the current pivot, clients in these industries utilize the company’s advertising and marketing services.
Rent is INR 10k/month.
No outstanding loans.
There are 2 shareholders with 70/30 equity split.
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Earlier than 15 daysIndependent Advisor, Coimbatore, Commercial Real Estate Broker connected with the Business