Solar Projects Company Seeking Loan in Hubballi, India

Company plans to undertake solar panel installation projects on rooftops or empty premises.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Solar Projects
Locations  Hubballi
Local Time 12:08 AM Bangalore
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 55 thousand for 12.0% annual interest, 5 years (Native Currency: INR 4,000,000)
Reason: Funding at seed level is required in order to kick-start the business. This fund will allow us to ex... View More
Collateral Available: USD 0
Includes physical assets worth USD 1.4 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Company based in Bangalore that will undertake solar panel installation projects. The company was registered two years ago, but we are yet to kick-start our operations.

- Business would install solar panels for organizations such as educational institutes, hotels and industries in Bhubaneswar, Cuttack, Bangalore, Hubballi and Mysore.

- We have presented our proposals to 91 organizations in Bhubaneswar, 25 in Cuttack, 18 in Bangalore and 7 in Mysore.

- In future, the company will also approach / extend operations in other places such as Lucknow, Dehradun and Haridwar.

- Company will form a team of dedicated staff for monitoring operations and will be supervised by a senior level employee. We are in touch with 2 senior level people in Bhubaneswar.

- Depending upon the city, we will buy solar panels from local companies. For Bangalore, we are in talks with Tata Power and Emmvee Solar.

- Solar energy is enormously available and we plan to utilize the potential through solar projects.

- Generating solar energy is very economical / cost effective, pollution free, provides uninterrupted supply of energy, requires least maintenance as compared to DG set, diesel energy.

- The concept would be eco-friendly in all senses and will be conducive to the well-being of general populace.

- The investor / lender at seed level will be part of the transaction that will be armoured with legal documents.

- There would be a crystal clear transparency for monetary flow. The report would be generated every fortnight as per the wish of the investor. Open to discuss anything related to the project.

- Will abide by the terms & conditions of the memorandum of association executed between the investor and the undersigned.

Products & Services Overview

- Undertake solar panel installation project to provide uninterrupted power supply.

- We plan to install solar panels on the premises of institutions and industries. It would be preferably installed on the terrace.

Assets Overview

Company owns 1 computer, 1 printer and furniture.

Facilities Overview

- Rented office of 100 sq ft in Hubballi.

- We will also set up an office in Bangalore for monitoring operations.

Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more