Specialty Chemicals Wholesale Company Equity Stake For Sale in Ranipet, India

- Based in Ranipet, we specialize in importing and supplying high-quality shoe creams and finishing products sourced from manufacturers in Spain.
- The business was started 16 years ago as a proprietorship by a seasoned leather technologist with professional experience in India, Italy, and China. It was subsequently incorporated as a Private Limited company five years ago.
- We currently supply products to approximately 20 footwear factories across South India and have established long-term business relationships with suppliers in Spain.
- The business currently generates annual turnover of approximately INR 2 crore.
- Going forward, the company plans to establish its own manufacturing plant in India and expand its B2B supply network across the country.
- The long-term goal is to develop pan-India and international supply capabilities for finishing products used in footwear, bags, and garments.
- The company plans to target a broader customer base, with an objective of supplying to approximately 100 top-tier clients and 200 medium-sized clients, supported by around 15 distributors across India.
- The company expects to benefit from the growing presence of Taiwanese footwear manufacturers in India, increased collaborations between Indian manufacturers and companies from China and Europe, and international demand, including potential opportunities in Canada.
- The planned expansion will focus on establishing domestic production capabilities and increasing B2B supply to footwear manufacturers across India, followed by expansion into international markets.
- As the business scales, customer payment terms are expected to range from 30 to 120 days, creating a requirement for working capital to support higher order volumes and customer expansion.
- The company aims to leverage its promoter's industry expertise and established supplier relationships to build a larger domestic and international finishing-products business.