RFID Systems Startup for Sale in Salem, India

For Sale: Reputed system integrations company for government projects with Smart city ICCC work order.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 140 thousand
Run Rate Sales USD 800 thousand
EBITDA Margin 20 - 30 %
Industries RFID Systems + 1 more
Locations  Salem
Local Time 11:50 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.5 million (Native Currency: INR 110,000,000)
Reason: Promoter requires funds for another venture.
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Business Overview

- Reputed systems integration company based in Salem.

- Company started operations in 2005 as a partnership and was re-established as a Pvt Ltd entity in 2020.

- We execute government projects only and have work orders for Smart City ICCC, and CCTV surveillance & biometric attendance systems for backward community government hostels across Tamil Nadu.

- Our work orders in hand are totally worth approx INR 16.71 crore (INR 12.71 - Smart City ICCC, CCTV surveillance & biometric attendance system - INR 4 crore)

- Security deposit of all projects has been remitted but the promoters are looking to fund other ventures and plan to sell the company along with government projects.

- Project work for the work orders is yet to be initiated and the deadline for execution is 6 months.

- Our permanent employees are back-office staff and are transferrable to the new owner.

- The promoter is willing to support during the project transition as per the buyer's requirement.

Products & Services Overview

Sytems integration projects - Smart City ICCC, CCTV surveillance, and biometric attendance systems.

Assets Overview

- Registered business entity and licenses.

- Office staff.

- Work orders worth approx INR 16.71 crore.

- Security deposit remitted for all projects.

Facilities Overview

Rented small office in Salem for back-office staff. We receive government work orders and execute them onsite.

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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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