Recruitment Agency Investment Opportunity in Pune, India

IT Services and IT Staffing Company Serving Customers from India, UK, Europe, and USA.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 120 thousand
EBITDA Margin
20 %
Industries
Locations
 Bangalore + 1 more
Local Time
7:58 PM Pune
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 130 thousand for 25.0% stake (Native Currency: INR 10,000,000)
Reason: - Fund is to also going to be used for expansion of offshore recruitment team and working capital to... View More
Includes physical assets worth USD 7 thousand
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Business Overview

- We are team of two companies combined revenue of INR 2.34 crores, that has merged to operate as one company.

- One company is 7 year old with last year revenue being INR 1.3 crore and the other company started operations on Oct 2018 and its March 2019 ending revenue was INR 1.04 crores.

- We outsource or use contractors to deliver IT projects and we do IT Contract Staffing for our clients such as IBM, Wipro and Happiest Minds.

- We also completed development of an eGovernance product, we will retain 50% of the IP rights and the application built can be sold to other Government clients.

- We have already different government clients who are interested in using our product and we expect revenues to come in from January 2020,

- Promoters has a strong background with over 15 + years of management experience in the IT Services and Staffing.

- Promoter was also previously employed as a CEO of a mid-size IT Services firm where he grew revenues by 95% in one year and prior to that was a BU Head at an MNC heading operation across India and EMEA for a business line generating revenues of over INR 150 crores each year.

- We also provide our services to large clients in UK and Europe.

- Placing 10-20 candidates per year and have 5 contractors on billing in the UK and Europe.

- We have orders for contract staffing from our clients in UK and Europe which needs heavy working capital.

- We have recently acquired a newly established IT company in USA.

Products & Services Overview

Blockchain Solutions,

IT Services,

IT Staffing.

EGovernance Platform.

Facilities Overview
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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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