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Rubber Product Wholesale Business for Sale in Navi Mumbai, India

Business specializing in mobility solutions (tyres, wheels, chains) for mining, construction and industrial equipment.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 5.6 million
Run Rate Sales USD 6.8 million
EBITDA Margin 6 %
Industries Rubber Product Wholesale
Locations  Navi Mumbai
Local Time 9:04 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 5.6 million (Native Currency: INR 500,000,000)
Reason: Partial exit now and rest in 3 years.
Includes physical assets worth USD 1 million
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Business Name
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Documents
Profile
GST Certificate
Business Overview
- Business has evolved tremendously in the last 8 years, and the current stated aim is to provide world class mobility solutions for mining, industrial and construction equipment.
- Over the years, the business has grown to become the largest distributor in India for Bridgestone, OTR Tyres Japan, and is the sole partner for Trelleborg Wheel Systems Sweden, Pewag Austria, OKO Sealants UK.
- Based on the value proposition, we have successfully established the brands in various segments, with long term contracts and high retention.
- Company has added many more brands/ products/ services to its growing portfolio (we have more than 20 active suppliers), all with an aim to provide better value and improved services.
- We have more than 300 active customers across India in various segments as listed in the earlier section.
- Sales is a mix of stock sell & forward supply contracts based on purchase orders.
- About 25% of our business comes from specialzed solution sales. Another 25% comes from value proposition based sales.
- 70-80% of our purchase is via imports.
- Have over 40 suppliers worldwide.
- Flagship product is Bridgestone.
- Customers are mining companies, airports, seaports, and cement companies.
- We have recently taken up distribution in 2 states for an Indian tyre manufacturer and looking forward to add more.
- Strong order book. Expect to close around INR 60 cr this FY.
- Business has GSTIN and incorporation certificates.
- Company has 20 permanent employees and hires additional staff based on demand.
About the promoter:
- Graduated with Honours in BE Mechanical from NIT Raipur in 1994.
- First class degree with distinction in MBA Marketing (CGPA of 9.53) from IMS DAVV Indore in 1998.
- 28+ years (last 18 as an entrepreneur) in business/ management/ sales/ BD.
- Early foundation with Larsen & Toubro, Mahindra, Michelin.
Products & Services Overview
Our mobility solutions are based on a supply of world class brands in tyres, wheels & chains.
We have an extensive customer base operating in the following areas:
Underground mining.
Surface mining.
Tunnelling.
Construction.
Cement.
Marble & granite quarries.
Steel plants.
Aluminium smelters.
Airports.
Seaports.
Mobile cranes.
Material handling equipment.
Assets Overview
INR 8 cr of inventory.
INR 20 lakhs of hydraulic press & tooling.
Facilities Overview
Rental facilities:
- Office in CBD Belapur.
- Warehouse in Bhiwandi (10,000 sq ft)
- Warehouse in Hyderabad (1,000 sq ft)
- Warehousing managed by 3rd party.
Capitalization Overview
Business has 2 partners. One is a silent partner.
Business has INR 6 cr CC and INR 5 cr bank guaranty. Has dropline OD from companies of INR 1.5 cr.
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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