Newly Established Vegetable Farm Seeking Loan in Navi Mumbai, India

Looking to set up a hydroponic farm with a capacity to grow 80 tonnes annually.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
6:21 AM India
Listed By
Management Member
Status
Active
Overall Rating
Seeking Loan
USD 90 thousand for 10.0% annual interest, 5 years (Native Currency: INR 7,000,000)
Reason: Land is purchased and we need loan for the greenhouses, equipment, porta-cabins, solar equipment and... View More
Collateral Available: USD 160 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
IEC
Business Overview

- We are looking to set up a hydroponic farm near Mumbai to grow nutritious and organic fruits & vegetables.

- The land has already been purchased and is in the promoter's name. The business plan has also been developed.

- We require funding in order to develop and set up the hydroponic farm on the land.

- Initially we plan to build 4 greenhouses of 1,000 Sq Ft each which would house around 20,000 plants.

- We calculate that on an annual basis we can grow around 80 tonnes of fruits and vegetables at the farm.

- Projected monthly revenue from selling these plants would be INR 7 Lakh at wholesale value but we plan to sell on a direct to home model to customers in Thane so the actual revenue would be higher.

- Once we receive investment we would set up the farm under an LLP in which the investor would receive an equity share.

- We also plan to shift part of the land in the name of the company. The value of this land would amount to INR 60 lakh.

- Promoter has over 40 years of experience in setting up greenfield projects and has worked with the government of Abu Dhabi to set up ports.

Products & Services Overview

Looking to grow all leafy green vegetables, tomatoes, okra, lemon, capsicum and eggplant.

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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