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Solar Products Company Seeking Loan in Sriperumbudur, India

High-efficiency solar panel manufacturer from Chennai seeks loan to increase production capacity.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 54 thousand
Run Rate Sales USD 430 thousand
EBITDA Margin 25 %
Industries Solar Products
Locations  Sriperumbudur
Local Time 1:08 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 240 thousand for 15.0% annual interest, 3 years (Native Currency: INR 20,000,000)
Reason: To increase production of solar panels.
Collateral Available: USD 36 thousand
Includes physical assets worth USD 360 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- We have established relationships with panel distributors in Tamil Nadu, Kerala, and Andhra Pradesh.

- We are planning to start manufacturing on a 2-shift basis.

- We have B2B and OEM clients with 1 local and 1 international client.

- Our production capacity is 100 megawatts.

- We got all our machinery installed during the last year-end and start full-fledged operations only recently which is why our sales have grown.

- We have more employees but they are on a contractual basis.

Products & Services Overview

Solar Panels 530-550Wp.

Solar Panels 400-450 Wp.

Assets Overview

Tangible asset:

Machinery, equipment, interiors, and compressors.

Facilities Overview

We have a 15,000 sq ft manufacturing facility in Sriperumbudur, Chennai.

Capitalization Overview

There is no debt.

The business is completely self-funded with 2 directors with an equal stake.

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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