Newly Established Textile Packaging Business Seeking Loan in Allahabad, India
- Business is involved in the design and manufacturing of carry bags for textile and telecom shops in Allahabad.
- Have tie-ups with 3 manufacturing units who procure the materials and manufacture the bags.
- We are currently printing 1,80,000 bags on a monthly basis.
- Have 103 clients which include mostly retail shops in the textile and telecom industry. Of these, we design custom printed bags for 40 clients.
- Revenue split: 55% from non-printed bags, and the rest from custom printed bags.
- We receive most of our orders through calls and WhatsApp and are looking to expand to other cities by developing a mobile app.
- Targeted cities include Lucknow and Kanpur and the app is expected to be launched in 2-3 months on both Android and iOS platforms.
- We are seeking funds to increase the production capacity by purchasing machines and setting up our own manufacturing facility. The profit-margin is expected to be 30% once we set up the facility.
- Business owned assets include the stock.
Non-woven bag, printed non-woven bag, printing fabric, design of graphics for bag and t-shirt.