Newly Established Iron Foundry Investment Opportunity in Pune, India

Operating in machining industry since 25 years, plans to setup forging plant in Pune.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
10:28 AM Pune
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 560 thousand for 15.0% stake (Native Currency: INR 40,000,000)
Reason: To buy the assets and setup the plant.
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Our company is into machining industry since the last 25 years. We wish to backward-integrate into forging press shop.

- Our forging plant will be setup on 3.5 acre of land in Indore. We are in the process of finalizing the land.

- Company has a good network with large clientele including Mahindra, Eicher Motors, Force Motors.

- For this project, we have support and partial investment from one of our suppliers, who is an automobile manufacturer.

- The project is a well thought investment as we currently buy forged material from different vendors for our existing two manufacturing units.

- With the help of this forging shop, the company will be able to supply to our manufacturing units and other manufacturers in and around Indore.

- There is a massive growth in the automobile industry and to cope up with it, the biggest hindrance is the raw material and forging crisis. We wish to eliminate this by setting up a forging plant.

- Initially, we wouldn't be buying the steel from steel mills due to the requirement of highly sustainable capital. One of our suppliers will be buying the steel and sourcing it to us only for job work in the initial phase for about 3 years.

- Company already has a team of forging experts and our project report is also ready.

Products & Services Overview

Forging axles and knuckles for automobile use.

Facilities Overview
Recent Activity
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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.
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