IT Services Company Seeking Loan in Bangalore, India

IT services company with 10 ongoing projects seeks investment.

Established	5-10 year(s)
Employees	10 - 50
Legal Entity	Private Limited Company
Reported Sales	USD 50 thousand
Run Rate Sales	USD 50 thousand
EBITDA Margin	10 - 20 %
Industries	IT Services + 1 more
Locations	Bangalore
Local Time	11:08 PM Asia / Kolkata
Listed By	Business Owner / Director
Status	Moderately Active

6.3 / 10

Compare with industry

Seeking Loan

USD 18 thousand for 20.0% annual interest, 5 years (Native Currency: INR 1,500,000)

Reason: Delay in vendor payments and cash flow is stuck.

Collateral Available: USD 0

Includes physical assets worth USD 12 thousand

Documents

Domain-Verification.pdf (213.1 KB)

ROC-Verification.pdf (74.0 KB)

Business Overview

- Company provides IT services like software development, website development, cloud application development, android development, iOS development, and customized cloud application development for desktop and mobiles.

- Currently, there are 10 ongoing projects and we have completed 60+ projects in total.

- 65% of the revenue is from mobile application development and the rest is from other services.

- Some part of the project fees are paid in advance and then we receive milestone payments.

- The promoter has 5.5 years of experience in the same domain.

- The company is debt-free and has 2 directors with 51% and 49% stakes. Promoter has the majority of the stake.

Products & Services Overview

Website development, cloud application development, android development, iOS development, ERP software, and CRM.

Assets Overview

- Tangible assets - 21 computers, 1 server, furniture and interior.

- Intangible assets - Website.

Facilities Overview

1,650 Sq Ft in central Bangalore seating capacity of 15 employees on rental. Rented at INR 1.1 lakh per month.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
Founder, Mumbai, Financial Consultant connected with the Business
Earlier than 15 days
Consultant, IT Software, Bangalore, Individual Investor / Buyer connected with the Business
Earlier than 15 days
Solution Architect, Software, Bangalore, Individual Investor / Buyer connected with the Business

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IT Services Company Seeking Loan in Bangalore, India

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