Profitable Foundry Seeking Loan in Pune, India

- We are a startup company producing iron powder.

- Company was incorporated two years ago but could not start operations due to the pandemic. We have been operational since last 4-5 months.

- Production capacity is around 200 tons per month.

- Clients are from automobile and engineering sector and we have some MNC clients in pipeline.

- Company is owned by two directors in equal partnership.

- Promoter has 12 years of experience in this field.

- We have taken a bank loan of INR 2 crore, outstanding balance is around INR 1.5 crore and there are no defaults.

- Costs are optimized as we own the production facility, we have launched operations recently and are seeking a loan of small amount for cash flow.

We manufacture atomized iron powder and atomized reduced iron powder.

Physical assets include land, building and equipment.

We have an owned production facility of 2 acres.