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Recruitment Agency Seeking Loan in Mumbai, India

Business involved in permanent hiring for the BFSI industry seeks funds to upgrade tech infrastructure.

Established 10-20 year(s)
Employees 5 - 10
Legal Entity General Partnership
Reported Sales USD 15 thousand
Run Rate Sales USD 30 thousand
EBITDA Margin 10 %
Industries Recruitment Agencies
Locations  Mumbai
Local Time 5:52 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 25 thousand for 10.0% annual interest, 1 year (Native Currency: INR 2,000,000)
Reason: Require funds for team expansion and to invest in technology.
Collateral Available: USD 0
Interested to connect with advisors
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Business Name
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Business Overview

- Permanent placement and hiring business that specializes in the BFSI sector.

- We have 6 to 7 clients, however, we need to increase our manpower and upgrade our tech infra to scale the business.

- We only charge our clients and have annual agreements with them.

- Clients are charged anywhere between 8.33% to 12% of annual CTC. Our fee fluctuates as per the CTC.

- Clients pay us within 30-60 days of the candidate joining the company.

- No outstanding bank loans in the name of the business.

- The business has two equal partners.

Products & Services Overview

Manpower services, and permanent placement in both white-collar and blue-collar positions.

We specialize in the BFSI industry and want to expand to IT, e-commerce, and logistics companies.

Assets Overview

The business does not own any physical assets.

Facilities Overview

We operate from a rented office of 350 sq. ft. in Mumbai, Maharashtra, India.

Recent Activity
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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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