Solar Products Business Seeking Loan in Chennai, India
Established solar dealership in Chennai serving 7 key clients and generating INR 1Cr/year, seeks funding.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 117 thousand |
| Run Rate Sales | USD 120 thousand |
| EBITDA Margin | 15 % |
| Industries | Solar Products |
| Locations | Chennai |
| Local Time | 4:11 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
58 thousand
for
10.0%
annual interest,
5
years
(Native Currency: INR 5,000,000)
Reason: Seeking funding for working capital to support current work orders valued at INR 1.21 Cr and infrast...
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Collateral Available: USD 0
Includes physical assets worth
USD
35 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
GST Certificate
(111.9 KB)
Business Overview
- Established solar products dealership and distribution business of popular brands, operational for 5 years.
- Services 7 key clients in Chennai, including notable organizations like Canara Bank.
- Business processes daily energy product orders, averaging 3-5 orders per week with a cumulative weekly order value of INR 2 lakhs.
- Robust annual revenue stream of INR 1 crore, indicating stable market demand.
- Operates with a lean team of 4 employees, efficiently managing operations and client relations.
- Sources solar products directly from manufacturers, ensuring a competitive supply chain advantage.
- Owner has a strong engineering background and 13 years of IT experience, specializing in crafting customer-focused solutions.
- Fully compliant with statutory requirements, including GST registration.
- Services 7 key clients in Chennai, including notable organizations like Canara Bank.
- Business processes daily energy product orders, averaging 3-5 orders per week with a cumulative weekly order value of INR 2 lakhs.
- Robust annual revenue stream of INR 1 crore, indicating stable market demand.
- Operates with a lean team of 4 employees, efficiently managing operations and client relations.
- Sources solar products directly from manufacturers, ensuring a competitive supply chain advantage.
- Owner has a strong engineering background and 13 years of IT experience, specializing in crafting customer-focused solutions.
- Fully compliant with statutory requirements, including GST registration.
Products & Services Overview
The business specializes in selling solar panels, solar inverters, and solar batteries.Top selling are solar panels.
Operates on a B2B model, sold directly to organizations as well as to other dealers.
Assets Overview
Physical assets include stock of products and 1 vehicle.
Facilities Overview
Operating from a rented facility of 10x10 sq ft. Rent is INR 5k/month, located in Polachery, Chennai.
Capitalization Overview
Self-funded.Business currently has existing liabilities amounting to INR 19 lakh, including an OD, truck loan, and a personal loan.
Sole proprietorship business.
Recent Activity
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Earlier than 15 daysPartner, Chennai, Accounting Firm connected with the Business
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Earlier than 15 daysIndependent Advisor, Singapore, Business Broker connected with the Business
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Earlier than 15 daysFounder, Financial Strategy Services, Bangalore, Corporate Investor / Buyer connected with the Business
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