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Web & Mobile Development Company Seeking Loan in Noida, India

IT services company expecting 40+ projects by the end of this year seeks working capital.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 50 thousand
EBITDA Margin Operating at loss
Industries Web & Mobile Development
Locations  Noida
Local Time 12:37 PM Asia / Kolkata
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Loan
USD 120 thousand for 9.0% annual interest, 10 years (Native Currency: INR 10,000,000)
Reason: Require funds for employee salary and software licensing fees.
Collateral Available: USD 0
Includes physical assets worth USD 6.6 thousand
Name, Phone, Email
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Business Name
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User Verification
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Business Overview

- Company provides customized web development, digital marketing, and IT consulting services to clients from hospitals, hotels, and finance sectors.

- We currently have 6-7 projects right now, but by the end of the year, we expect to have around 30-40 projects in hand.

- Our average project time is 8 months to 1 year and our average project value is INR 7 lakh.

- We receive payment after the completion of each stage of the project.

- Have 40+ qualified staff with 7+ years of experience. Our staff includes developers, designers, and digital marketers.

- Our operations were impacted by the pandemic and we only started generating sales a few months. As a result, our operational expenses are high and we are currently operating at a loss. However, we have projects lined up and we are expecting an annual order rate of INR 1.5 Cr for the upcoming year.

Products & Services Overview

1. Customized and dynamic website development.

2. Application development.

3. IT Consulting services.

4. Software testing.

5. Digital marketing.

Assets Overview

The company owns laptops and furniture and has experienced staff.

Facilities Overview

Rental facility with an area of 4,000 sq ft. The rent per month is INR 75,000. The office is based in Sector-16 Noida.

Capitalization Overview

The company is presently running on an investment of INR 30 lakhs made by a director and there are 2 directors on the board.

We do not have any loans in our company.

Recent Activity
  • Earlier than 15 days
    Founder, IT, Chennai, Corporate Investor / Buyer connected with the Business
  • Earlier than 15 days
    Financial Consulting Head, Delhi, Accounting Firm connected with the Business
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with the Business
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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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