Need help?

Manpower Supply Company Investment Opportunity in Chidambaram, India

Established manpower supply firm in Chidambaram with proven ICICI partnership, seeks investment to renew contract.

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
Overall Rating
Partial Stake Sale
USD 1.13 million for 55.0% stake (Native Currency: INR 100,000,000)
Reason: Seeking investment for restarting the ICICI contract for manpower. The valuation is fair because th... View More
Includes physical assets worth USD 11.3 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- Established business located in Chidambaram, specializing in manpower supply for sales and marketing staff.
- 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.
Products & Services Overview
- Manpower supply for sales and marketing staff: The core service involves supplying trained sales and marketing staff to businesses, particularly in large-scale contracts with ICICI Bank.
- 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.
Assets Overview
Physical assets include office equipment, furniture, computers, laptops and servers.
Facilities Overview
Operating from a rented office facility in Annamalai Nagar, Chidambaram.
Rent is INR 10k/month.
Capitalization Overview
Self-funded.
No outstanding loans.
There are 2 shareholders with 70/30 equity split.
Recent Activity
  • Earlier than 15 days
    Independent Advisor, Coimbatore, Commercial Real Estate Broker connected with the Business
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Investor already contacted this Business. Register below to connect now!
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.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more