Petroleum Product Wholesale Company Investment Opportunity in Chennai, India
We started operations in December 2013. In the last 4 months of previous FY, we did a revenue of Rs. 45 Lakh. In the first 7 months of this FY, we have already done Rs. 1.37 CR. For the full year we will do close to Rs. 3 CR. For the next FY, we are targetting a revenue of Rs. 8 CR. Our operating margins are between 15-18. The loan of Rs. 28 Lakh is taken as a cash credit facility from a public sector bank for our working capital requirement. We operate under 2 verticals namely Trading & Fabrication.
Trading - We are distributors of lubricants, engine oil of a major global brand. This global major has many approvals from OEMs and their Chennai office co-ordinates with our engineers to jointly market the product. We have already established the brand in the market and are doing business with companies who maintain mobile towers of telecom majors. We supply engine oil to them. We also supply engine oil to companies engaged in automobile and foundries space. Currently, we are doing a volume of 9 kl / month, this will go up to 30 kl / month in the next 3 months. We have been assigned the entire state of Tamil Nadu. After establishing ourselves in Chennai, our focus will now be on Pondicherry, Coimbatore and Trichy. Along with the engine oil, we are also involved in the protective coatings space.
Fabrication - We are in the process of taking over a sick unit at Ranipet. The payment and other formalities are already completed. Ranipet is an industrial hub in the state of Tamil Nadu. Over here we propose to manufacture and supply different types of fabricated components. We are targeting cement plants, sugar plants and boiler industry. Our team will utilize all the machines, tools, equipment and technology that will be installed at our unit for producing a flawless range of products, which confirms to the international quality standards. Our professionals have a vast experience in their respective fields which will help us to maintain relations with our customers by providing a quality range to them as per their needs.
We already have orders from major companies. Some of them are L&T, Neyveli Lignite, India Cements, Southern Railway, Madras Port Trust and many others.
Lubricants, Protective Coatings & Fabrication Work.
Earlier than 15 daysDeputy Manager, Insurance, Bangalore, Individual Investor / Buyer connected with this business
Earlier than 15 daysManaging Partner, Agro Import & Export, Chennai, Corporate Investor / Buyer connected with this business
Earlier than 15 daysSr. Assistant Manager, Banking, Chennai, Individual Investor / Buyer connected with this business