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Real Estate Agency Seeking Loan in Dhanbad, India

Reputable real estate firm with over a decade's experience in Jharkhand and WB seeks funding.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 100 - 500
Legal Entity Private Limited Company
Reported Sales USD 6.6 million
Run Rate Sales USD 6.6 million
EBITDA Margin 5 %
Industries Land Developers + 1 more
Locations  Dhanbad
Local Time 9:12 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 2.3 million for 15.0% annual interest, 5 years (Native Currency: INR 200,000,000)
Reason: We are seeking debt funding mainly to expand and launch new residential cum commercial projects acro... View More
Collateral Available: USD 1.73 million
Includes physical assets worth USD 346 thousand
Interested to connect with advisors
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Business Overview
1. Reputed real estate developer running 20 projects across the states of Jharkhand (Dhanbad, Bokaro, Giridih, Ranchi) and West Bengal (Asansol, Durgapur, Andal)
2. We have signed an MoU worth INR 100 crore with Govt of Jharkhand during Momentum Jharkhand for developing affordable housing.
3. The promoters have 25+ years of experience in the domain and the CMD has also been awarded with Icon of Jharkhand and numerous awards from different organizations.
4. One of our recent projects is one of the largest private residential societies in Dhanbad having its own post office.
5. The company has a strong customer base of 5,000+.
6. The company provide 360-degree real estate solutions starting from land acquisition to project plan, marketing, sales and operations having its own in-house team across departments.
7. The projects we run are majorly large housing societies spreading from 0.5 acres to 100+ acres.
8. The last reported sales turnover was INR 150 crore.
9. The business has a vaild GST certificate available.
Products & Services Overview
Our business focuses on real estate development and the sale of plots, simplex and duplex homes, apartments, and commercial properties. We have undertaken several significant greenfield projects throughout Jharkhand and West Bengal. Our commitment is to create projects that are affordable for all income levels, conveniently located near urban areas, and available in a variety of models.
Assets Overview
Tangible assets include.
- Furniture & fixtures worth INR 60,98,098.
- Plant & machinery worth INR 3,92,02,013.
- Computer & accessories worth INR 65,68,242.
- Office building & stores worth INR 97,45,247.
Apart from the above asset the company has a land bank to the tune-up to approximately INR 32 crore as per cost of acquisition and unsold house/flats as inventory.
Facilities Overview
We have rented offices across the states of Jharkhand (Dhanbad, Bokaro, Giridih, Ranchi) and West Bengal (Asansol, Durgapur, Andal) with a corporate office operating from Dhanbad. Apart from these branch offices we also have sales offices in Kolkata, Lucknow, and Noida and soon plan to launch at Jamshedpur.
Capitalization Overview
Currently business is funded with time to time funding fulfilled by promotors and advance received from customers as per the payment schedule for sales made by the company.
The company have appx. INR 1.01 CR vehicle loan, appx. INR 52 Lac Loan from Director and another appx. 7.80 CR Shareholders fund. Advance from customer are appx. INR 25 CR.
We have 4 promoters with shareholding percentages as below:
Majority shareholder with 8,06,000 shares (99.51%)
A minority shareholder with 1000 shares (0.12%)
Another minority shareholder with 1000 shares (0.12%)
Another minority shareholder with 2000 shares (0.25%)
Recent Activity
  • Earlier than 15 days
    Director, Mumbai, M&A Advisor connected with the Business
  • Earlier than 15 days
    Executive Director, New Delhi, Financial Consultant connected with the Business
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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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