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Web & Mobile Development Company Investment Opportunity in Mumbai, India

A Mumbai-based IT service company with over 60 domestic and international clients seeks investment.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 23.7 thousand
Run Rate Sales USD 73 thousand
EBITDA Margin 15 %
Industries Application Software + 1 more
Locations  Mumbai
Local Time 10:14 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 57 thousand for 48.0% stake (Native Currency: INR 4,800,000)
Reason: Working capital requirements.
Includes physical assets worth USD 296
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Business Overview
1. A Mumbai-based IT service company.
2. The director possesses over 17 years of experience in the IT sector.
3. Currently serving more than 40 clients in and around Mumbai.
4. Extending services to international clients in the UK, US, UAE and Canada.
5. Notable clients include A&W Capital, PersonalFN, Inches Health Care, DP World, Delex, Chemtrols Infotech, BLive Production, and others.
6. Specializing in command and control software with face detection and recognition, along with analytics and application development.
7. The sales of the business have decreased due to lack of funding in the business.
8. We need a high number of employees to complete the ongoing projects.
Products & Services Overview
Specializing in software development, application development, and mobile app development, our portfolio includes projects such as:
- Insurance domain applications for underwriting claim processing.
- An online subscription portal for research recommendation services.
- Online MF recommendations and transactions, among others.
Additionally, we have engaged in a product development partnership with another IT company, collaborating on command and control software with face detection. Although the business is registered in Thane, its headquarters are situated in Mumbai.
Assets Overview
The assets encompass cash held in the company account.
Facilities Overview
The team operates both on-site at the client's location and remotely from home, lacking a physical office space.
Capitalization Overview
The business is solely owned by one individual, who holds 100% ownership. It is self-funded (bootstrapped) with no outstanding loans, and it is currently operating at a breakeven point.
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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