Newly Established Payroll Business Seeking Loan in Chennai, India
Payroll-management business offering business service seeking funds for marketing and overheads like salary for freelancers.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 1 - 2 thousand |
| Run Rate Sales | USD 2.1 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Professional Services |
| Locations | Chennai |
| Local Time | 8:17 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
2.34 thousand
for
10.0%
annual interest,
1
year
(Native Currency: INR 200,000)
Reason: Seeking funds for the promotion of the business and purchase of necessary software.
Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Business is based in Chennai providing payroll and statutory compliance services, established in October of last year.
- Engaged in streamlining payroll, statutory and compliance for business owners, auditors and SMEs.
- The business currently serves 3 client companies, providing a total of 6 services per month, with a breakdown of 3 for payroll and 3 for statutory compliances. Charged on a per service basis.
- The services offered include payroll management, statutory compliance, GSTR returns filing, and bookkeeping services, Showcasing a diverse range of expertise in financial and regulatory matters.
- Has MSME and GST registrations.
- The business is almost profitable, as it operates remotely, and jobs are delegated to freelancers.
- The business owner has a robust background spanning over two decades in the field, indicating a wealth of experience and expertise in payroll management and statutory compliance, which can be a key selling point for potential investors.
- Engaged in streamlining payroll, statutory and compliance for business owners, auditors and SMEs.
- The business currently serves 3 client companies, providing a total of 6 services per month, with a breakdown of 3 for payroll and 3 for statutory compliances. Charged on a per service basis.
- The services offered include payroll management, statutory compliance, GSTR returns filing, and bookkeeping services, Showcasing a diverse range of expertise in financial and regulatory matters.
- Has MSME and GST registrations.
- The business is almost profitable, as it operates remotely, and jobs are delegated to freelancers.
- The business owner has a robust background spanning over two decades in the field, indicating a wealth of experience and expertise in payroll management and statutory compliance, which can be a key selling point for potential investors.
Products & Services Overview
Services provided are payroll management, statutory compliance, GSTR returns filing, and bookkeeping services.Currently only payroll and statutory compliance services are being offered.
Clients are 3 SMEs.
Monthly payroll operations involve precise data processing, TDS calculation, and detailed audits with approvals.
Assets Overview
The business has no physical assets of significant value.
Facilities Overview
No physical facility as the business owner operates remotely from residential premises.
Capitalization Overview
Self-funded.No outstanding loans.
Sole proprietorship business.
Recent Activity
-
Earlier than 15 daysPartner, Legal Consulting, Delhi, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysCXO, Edutech, Startup Consulting, Chennai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder, Engineering Modelling Services, Hyderabad, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Professional Services Business Seeking Loan in Chennai, India
·Lend to Newly Established Professional Services Business in Chennai, India
·Newly Established Professional Services Business Seeking Loan in Madras
·Lend to Newly Established Professional Services Business in Madras
·Newly Established Professional Services Business Seeking Loan
·Lend to Newly Established Professional Services Business
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