Profitable Web & Mobile Development Company Investment Opportunity in Bhubaneswar, India
Seeking investment: IT company providing custom software development to 30+ B2B & B2G clients.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 100 - 200 thousand |
| Run Rate Sales | USD 139 thousand |
| EBITDA Margin | 40 % |
| Industries | Web & Mobile Development |
| Locations | Bhubaneswar + 1 more |
| Local Time | 1:55 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
46 thousand
for
10.0%
stake
(Native Currency: INR 4,000,000)
Reason: Need funds for extra manpower, automating process, focusing more on creating collaborations and alon...
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Includes physical assets worth
USD
11.5 thousand
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Business Overview
- The IT company operates in the B2B and B2G sectors, generating revenue from both segments.
- It holds the position of one of the preferred vendors for the Orissa government.
- Currently catering to over 30 clients.
- The company possesses expertise in a wide range of technology stacks, including SAP, open source, Oracle, Microsoft, and mobile application development.
- Notably, it has significant growth potential, driven by strategic collaborations with the Indian and Abu Dhabi governments, as well as sponsorship from industry giants Amazon and Google.
- International projects contribute significantly to its revenue, accounting for 55% of its income.
- Currently, the company is actively involved in 7-8 projects, with 3 of them being government initiatives (Moparivar, TPCODL, and the Army).
- In the realm of international projects, the company has developed an innovative system for calculating project ROI.
- The company's operational model revolves around meeting client needs, encompassing website and app development as well as marketing services.
- Employee numbers fluctuate based on project demands, ensuring flexibility and adaptability.
- We received a government tender, which increased our revenue significantly this year.
- The company is registered with the MCA and holds GST and MSME certificates.
- It holds the position of one of the preferred vendors for the Orissa government.
- Currently catering to over 30 clients.
- The company possesses expertise in a wide range of technology stacks, including SAP, open source, Oracle, Microsoft, and mobile application development.
- Notably, it has significant growth potential, driven by strategic collaborations with the Indian and Abu Dhabi governments, as well as sponsorship from industry giants Amazon and Google.
- International projects contribute significantly to its revenue, accounting for 55% of its income.
- Currently, the company is actively involved in 7-8 projects, with 3 of them being government initiatives (Moparivar, TPCODL, and the Army).
- In the realm of international projects, the company has developed an innovative system for calculating project ROI.
- The company's operational model revolves around meeting client needs, encompassing website and app development as well as marketing services.
- Employee numbers fluctuate based on project demands, ensuring flexibility and adaptability.
- We received a government tender, which increased our revenue significantly this year.
- The company is registered with the MCA and holds GST and MSME certificates.
Products & Services Overview
Products:- Custom software development with MERN & MEAN stack.
- Mobile application development with React Native.
- B2B and B2G are both international and regional clients.
- We have provided countless e-commerce projects. and have keen knowledge in it.
Assets Overview
Assets:- 5 air conditioners.
- 10 workstations.
- 6 laptops.
- 2 refrigerators.
- 4 televisions.
- 2 whiteboards.
- 3 furniture pieces.
- 20 chairs.
- Multiple tables.
- 3 cabins.
- 1 meeting room.
- 2 additional workstations.
Facilities Overview
- The business operates primarily onsite/remote (only in case of emergencies).- It maintains two small offices in Bhubaneswar one of which spans 2,200 sq ft with a monthly rent of INR 35,000 + INR 15,000 rent for the other location. One more facility in the USA, utilizing co-working spaces at a rate of $35 per chair per month. Coworking space utilized in Canada as well.
- The business is officially registered in both locations.
- It has a development centre located in Odisha.
- Additionally, there is a sales office situated in the United States.
Capitalization Overview
- Funded by the owners.- The company has not taken any loans thus far.
- The current ownership structure consists of two shareholders with a 90-10 ownership split.
Recent Activity
-
Earlier than 15 daysDirector, Business Consultancy, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder,, IT Services, Hyderabad, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, IT Staffing, Bengaluru, Individual Investor / Buyer connected with the Business
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