Businesses Seeking Loan in Haryana

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NBFC Seeking Loan in Gurgaon, India

NBFC microfinance loan provider following JLG model with 6,000 loans disbursed and 2,100 registered members.
- We are an NBFC company & have applied to RBI for change in status from NBFC to NBFC MFI. - The company was incorporated in Allahabad but after it was acquired by the current CEO, the headquarters was shifted to Gurgaon. - We are a microfinance company providing loans to women for income generating activity only. The business does not accept any deposits from their members. - We have disbursed up to 6,000 loans till date which amounts to nearly INR 12 crore. The business has over 2,100 registered members on the platform as of now. - Our average ticket size is between INR 15,000- 40,000 per customer. - We charge 26% of fixed interest on the loan which includes 1% processing fees. - Our EMI collection is conducted on a weekly basis. - We do KYC as per RBI norms and follow a JLG (Joint Liability Group) model while disbursing loans. The group size can range from 5 - 20 members. If one member defaults on the loan repayment, the entire group needs to bear its liability. Besides that, we conduct a comprehensive background check which includes an inspection of the bank records, Aadhaar card, and PAN card. We also conduct a physical verification check of the member's house, check their cash flow and annual income statement and consult the member's neighbours about their financial stability. The business also conducts a credit check on their members through Equifax and Highmark and are planning to tie up with another Fintech company for credit evaluation. Owing to our comprehensive due diligence, the default rate on loans are very minimal at around 0.5%. - We experienced rapid growth in interest income because we disbursed large amounts of loan funds in the second quarter of this year. - The CEO of the company is a Chartered Accountant with 10 years of experience in the finance sector. The COO has over 18 years of experience in the microfinance sector.
8.4   Gurgaon , Haryana
Run Rate Sales
INR 1 crore
EBITDA Margin
15 %
Business Loan
INR 75 lakh at 13% interest
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Enterprise Software Startup Seeking Loan in Gurgaon, India

An IT consultancy and software development business based in Gurgaon seeking funds for working capital.
- We have developed 6 ERP and CRM software. - Currently we do not have any clients for these products as the lock-down started right after we finished developing the software. - Have custom developed 6 software based on the requirement of our clients. - We also provide marketing and PR solutions. This vertical makes up a small percentage of our total revenue. - Have 20 leads in hand at present and we are pursuing them to convert them into projects in hand. - Business is not profitable at the moment. We expect to break even by the end of the year.
7.4   Gurgaon , Haryana
Run Rate Sales
INR 36 lakh
EBITDA Margin
Nil
Business Loan
INR 10 lakh at 12% interest
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Furniture Business Seeking Loan in Panipat, India

Manufacturer of steel almirahs, hospital beds office cabinets with 50+ distributors across India.
- Our products were being imported from other countries and sold to dealers in 2019 and before. We have started our own manufacturing unit in February 2020. - The unit is located 11 km away from Panipat. - We design and manufacture steel almirahs, hospital beds, office cabinets, LED stand, bunk beds, and shoe rack using stainless steel with customization which is sold under our proprietary brand that is trademarked. - We manufacture about 100-125 pieces per day and run with a production capacity of 50%. - Currently running with one shift that is 8 hours/day. - From manufacturing to assembling everything is done in-house. - Procure raw materials from 5-6 vendors who are located across India. - Have a tie-up with 55 dealers and 40 distributors across India. - The price of the products ranges between INR 7,500 to 54,000 depending on the products. - 60% of the sales constitute the cupboards and 30% comprise of hospital beds. Rest 10% comprises of the remaining items. - We are listed on IndiaMART and Flipkart. - Advertising and marketing are done through boards, advertisements on news channels, and social media. - Have around 60 labours who work on a contractual basis. - We have a sales team of 5-6 people who take care of sales across India. - Have tie-up with 2 logistic companies who help in transportation. - Our website is under construction and is expected to be launched soon.
Manufacturer of steel almirahs, hospital beds office cabinets with 50+ distributors across India.
7.4   Panipat , Haryana
Run Rate Sales
INR 9.4 crore
EBITDA Margin
18 %
Business Loan
INR 10 crore at 15% interest
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Newly Established Auto Electrical Parts Company Seeking Loan in Faridabad, India

Business manufacturing pulleys and motors for vehicles and selling it to 7+ clients.
- We are into shoes motor pulley and manufacture it for all types of starter motors. - Major clients are Pricoal Engineering, Minda, and Autoignition Limited. - We have yearly contracts with the clients which are renewed annually. - We manufacture about 5,000 pieces/day and run our unit at 100% capacity. - The buyers are given a credit period of 50 days from the date of purchase. - Tie-ups with 3 vendors from whom we purchase raw materials. - Promoters have 25 years of work experience in similar industries.
Business manufacturing pulleys and motors for vehicles and selling it to 7+ clients.
7.4   Faridabad , Haryana
Run Rate Sales
INR 2 crore
EBITDA Margin
15 %
Business Loan
INR 30 lakh at 10% interest
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Hotel Management Company Seeking Loan in Gurgaon, India

Hotel management business currently managing 25 hotels, with 18 more hotels to be added by next year.
- A hotel management business based in Gurgaon. - Business currently manages 25 hotels and will be managing another 18 hotels that will begin operations within a year. - Majority of the hotels are located in India, while there are hotels being managed in Sri Lanka, Nepal, Saudi Arabia, Nigeria and Morocco. - The business provides complete management of the hotels. Right from hiring to everyday management of the hotel. - The minimum contract period with hotels is 5 years. - Due to covid-19 and none of the hotels being operational, the business has not been generating revenue.
7.9   Gurgaon , Haryana
Run Rate Sales
Nil
EBITDA Margin
25 %
Business Loan
INR 2 crore at 10% interest
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Alternative Medicine Company Seeking Loan in Dehradun, India

Ayurvedic medicines manufacturer that produces medicines under own brand and also for third party brands.
Manufactures Ayurvedic medicines in the form of tablet, capsule and syrup. We produce medicines under own brand and also produce for 25 third party brands. Generate 50% revenue from own brand and remaining 50% from third party brands. We sell our medicines through dealers and have 40-50 dealers in our network. Founder of the business has 9 years of industry experience. Company is registered in Dehradun and we have a small office there but our factory, team and the entire operations are conducted from Sonipat. The factory produces tablets, capsules and syrups and we plan to set up a new factory only for syrup section. Have already identified a new facility of 5,000 sq ft and it's located at a walking distance from our current factory. We will enter into a rental agreement after raising funds. We intend to increase our syrup production capacity to 25,000 liters per day. Our current capacity is 4,000 liters per day and we operate at 100% capacity.
6.5   Sonipat , Haryana
Run Rate Sales
INR 72 lakh
EBITDA Margin
35 %
Business Loan
INR 25 lakh at 12% interest
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Newly Established Hygiene Products Business Seeking Loan in Gurgaon, India

Superstockist for homecare & hygiene products of a Swedish brand seeks funds to expand inventory.
- We are a super stockist for a Swedish brand that manufactures healthcare and hygiene products. - Manufacturer provides us the product at a 20% discounted margin. - Have 1-2 distributors who sell the products to medical stores and chemists in Uttar Pradesh. - We hold stock worth INR 2 lakh at the moment. - We plan to expand to more regions in north India and partner with more distributors and require funds to purchase more stock. - Business owned assets include inventory. We currently do not have an office and work from our residence.
Superstockist for homecare & hygiene products of a Swedish brand seeks funds to expand inventory.
6.0   Gurgaon , Haryana
Run Rate Sales
INR 6 lakh
EBITDA Margin
10 - 20 %
Business Loan
INR 3.8 lakh at 10% interest
Contact Business

Film Production Business Seeking Loan in Jind, India

Music and film production company that is currently working on a web series.
Entertainment production company that specializes in music and film production in Haryanvi language. We shoot videos in India and Australia. Since inception, we have produced more than 10 music videos. Have tie-ups with Times Music for music rights and distribution. We are in the process to launch 2 more tracks. We aren't generating any revenue at the moment due to COVID-19. We are working on a new web series based on true story of a person from Haryana. The genre of the series is crime. We are currently in the process to finish the script post which we will hire cast and crew. Each season will have 4-5 episodes. For season 1, we have completed 50% of script. One of the senior management of the business is based in Australia. He has more than 7 years of experience in the entertainment industry. Over the years, he has been creating Haryanvi music in order to represent it at a global level. He travels to India and Australia on a regular basis. Our office, team and studio is based in India. Business owned assets include camera, laptop, furniture and office equipment.
5.7   Jind , Haryana
Run Rate Sales
Nil
EBITDA Margin
35 %
Business Loan
INR 1 crore at 10% interest
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Newly Established Cloud Kitchen Seeking Loan in Gurgaon, India

Gurgaon based business providing co-working cloud kitchen facilities seeking funds to scale up the business.
- A business providing cloud kitchen facilities on rent, based in Gurgaon. - Our business involves setting up a facility that can accommodate multiple cloud kitchen businesses. - We have a plan to open 1 new facility every 6 months, that can accommodate 15-20 brands. - We will be providing all the kitchen equipment on rent, cleaning services, WiFi among other services. - Our business would generate revenue through monthly rent for the kitchen space and for the kitchen equipment paid by the cloud kitchen. - Currently we have a small kitchen facility that we have rented out to one cloud kitchen business. - We are looking to shift into a larger facility of 8,000 Sq. Ft. that can accommodate 15 cloud kitchens. - New property has been identified and we will be moving in as soon as we receive the funding. - New facility is located in the heart of the city. - Address on MCA shows Noida as this is the permanent address of the business owner. Business is operated from Gurgaon. - Current year revenue has reduced due to COVID-19. - Physical assets include kitchen equipment, office supplies and interior setup of facility. - Owner has 6 years of experience in media campaigns & lead generation.
Gurgaon based business providing co-working cloud kitchen facilities seeking funds to scale up the business.
7.1   Gurgaon , Haryana
Run Rate Sales
INR 7.2 lakh
EBITDA Margin
30 %
Business Loan
INR 60 lakh at 15% interest
Contact Business

Electronics Store Seeking Loan in Guwahati, India

Retail store business selling audio, video, and home automation customized solutions for Individuals & corporates.
- Retail store business having three outlets in Kolkata, Guwahati, and Gurgaon. - Have around 50 vendors from whom we procure raw materials. - We are dealers of reputed brands like Bose, B&W, Focal, Lutron, Control4. - Have done multiple 5 star hotel projects in India. - We are a personalized service provider and the order value is high per Order. Our sales team would be in touch with interior design architects who let us know about their new upcoming projects and then we meet the clients and understand their requirements & design the solution. - Our sales decreased this year because we shifted one store from Delhi to Gurgaon, so operations were almost zero that time and last year we also got a big order which was worth about INR 6 crore. - Our assets include website, domain, office equipment and stock. - Promoter has 7 years of experience in this field.
Retail store business selling audio, video, and home automation customized solutions for Individuals & corporates.
8.4   Gurgaon , Haryana
Run Rate Sales
INR 9.6 crore
EBITDA Margin
25 %
Business Loan
INR 2.5 crore at 15% interest
Contact Business

Vehicle Rental Company Seeking Loan in Gurgaon, India

Provide cars on rent to corporate clients, seeking funds to enter ride hailing services.
Company provides cars on rent along with a driver to corporate clients in Gurgaon. We work on yearly contract basis and have 8 corporate clients. Our cars are 5 seater & 7 seater and in total we currently own 21 cars. Each car is less than 2 years old. Since the company has strong presence in the B2B segment, we now plan to enter into B2C segment like Ola and Uber. We have already developed the Android app & a website and are looking to raise funds to promote our app. In the B2C segment, we will not use our cars but on-board partner drivers. Founder of the business has 15+ years of industry experience. Business owned assets include 21 cars and office equipment. We have a total of 30 permanent employees of which 25 employees are drivers and rest 5 employees are admin staff.
6.8   Gurgaon , Haryana
Run Rate Sales
INR 1.3 crore
EBITDA Margin
20 %
Business Loan
INR 25 lakh at 11% interest
Contact Business

Profitable Manpower Security Company Seeking Loan in Faridabad, India

Firm offering physical security for events and bodyguard services seeking capital to launch a mobile application.
- Provide physical security for events and bodyguard services. - Provide security cover for 50+ events / month across Faridabad. - Offer security services through 35 permanent staff and several private security contractors. - Our team includes several retired military and police personnel. - Have completed development of a mobile app for women that can alert police and our security personnel if there is an eve teasing incident. - We are currently in the testing stages and the application will be available on both the iOS and Android platforms. - The application will automatically switch on the phone's GPS and send out a distress signal to the nearest police station and our nearest security team. - Intend to launch the application in Faridabad, Gurgaon, Noida, Greater Noida, Ghaziabad, and Delhi before covering other states. - Have already secured approval from the local police forces. - Our local security teams will assist the victims and ensure a case is booked against the culprit. - Intend to monetize by charging users either a monthly subscription fee of INR 100 or an annual subscription fee of INR 1,000. - The application is expected to be launched commercially in 3 months.
8.0   Faridabad , Haryana
Run Rate Sales
INR 1.7 crore
EBITDA Margin
50 %
Business Loan
INR 10 crore at 10% interest
Contact Business

Gym Seeking Loan in Gurgaon, India

Chain of premium fitness centers, having 2,500 members seeking funds for marketing and brand development.
- A company operating a chain of fitness centers, based in Gurgaon, Haryana. - We operate 6 fitness centers - 3 in Gurgaon, 2 in Delhi and 1 in Uttarakhand. - The fitness centers have a full fledged gym, group training sessions, personal training, special training programs for senior citizens and children. - Have a total of 2,500 members across all the gyms. - Have a total of 80 employees out of which 40 are trainers. Each gym has an average of 6 trainers. - Our gyms are located inside premium community clubs. Hence we receive higher footfall as compared to standalone gyms. - Have received more members during this year, hence there is a strong increase in our revenue. - Physical assets include interior setup and gym equipment.
6.4   Gurgaon , Haryana
Run Rate Sales
INR 4.2 crore
EBITDA Margin
30 - 40 %
Business Loan
INR 1 crore at 14% interest
Contact Business

Recruitment Agency Seeking Loan in Faridabad, India

Business based in Faridabad, providing IT and non-IT recruitment services to 20 clients.
- A recruitment business based in Faridabad, Haryana. - We provide recruitment for permanent employees mainly belonging to the IT sector. Also provide non-IT recruitment as well. - Currently working with 25 clients such as - HDFC, ITC Infotech, Snapdeal, Tata. - We recruit 10-12 employees per month. Employees are under the client's payroll. - The employees are sourced from LinkedIn, Naukri. com and we have our own database of over 4,000 employees. - We are looking to get into the contractual recruitment for IT sector in the near future. - Registered address on MCA is of one of the director's address which is Delhi. Business is operating in Faridabad.
6.6   Faridabad , Haryana
Run Rate Sales
INR 36 lakh
EBITDA Margin
40 %
Business Loan
INR 30 lakh at 18% interest
Contact Business

Pet Shop Seeking Loan in Gurgaon, India

Online and offline pet shop based in Gurgaon, receiving 10-12 daily orders.
- A pet store, based in Gurgaon. - We started off as an online store and have now setup a physical store in Gurgaon. - The physical store was opened this week. Have not received much footfall, but expect a lot of customers to begin coming in when we introduce pet grooming services next week. - Receive an average of 12 daily orders through the online store per day. We sell pan India. - Purchase products from 10 suppliers. - Physical assets include store setup and inventory.
6.4   Gurgaon , Haryana
Run Rate Sales
INR 7.2 lakh
EBITDA Margin
20 - 30 %
Business Loan
INR 2 lakh at 10% interest
Contact Business

Spices Business Seeking Loan in Faridabad, India

Business trading in spices, purchasing from 100+ farmers and producers and selling it to export houses.
- A business trading in spices, based in Faridabad. - Trading in spices such as cumin, jeera, cardamom among others. - The spices are purchased from over 100 farmers and producers. - We sell to over 10 export houses. Products are not sold within India. - Physical assets include inventory.
6.4   Faridabad , Haryana
Run Rate Sales
INR 78 lakh
EBITDA Margin
20 - 30 %
Business Loan
INR 5 crore at 15% interest
Contact Business

Newly Established Auto Component Company Seeking Loan in Faridabad, India

Start-up company planning to manufacture parts for heavy trucks seeks business loan to purchase machinery.
- Company is based out of Faridabad and plans to manufacture parts for commercial heavy trucks. - We will produce auto parts such as chassis, front hood cabins, bumpers, mudguards, brakes assemblies, suspension systems. - In talks with international truck companies to get manufacturing contracts. - Once we receive funds we will purchase machinery and start the manufacturing process. - Promoter has another family business producing industrial tools and has more than 10 years of overall industry experience. - Business owns 4,000 sqft land with factory and office.
5.6   Faridabad , Haryana
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
INR 1 crore at 13% interest
Contact Business

Telecommunication Construction Business Seeking Loan in Gurgaon, India

Provides installation & electric services to telecom industry, and also supplies telecom materials.
Firm provides installation, dismantle and electrical services to clients in the telecom industry. In addition to that, we also supply materials required for telecom projects. Generate 70% of revenue by providing services and 30% from supply of materials. Have a strong business tie-up with Indus Towers to provide installation & electrical services and also supply materials to them. We generate about 98% of our turnover from Indus Towers and rest 2% from other private clients. Founder has more than 10 years of experience in this industry. Business owned assets include tools, materials and office equipment.
5.6   Gurgaon , Haryana
Run Rate Sales
INR 84 lakh
EBITDA Margin
10 - 20 %
Business Loan
INR 30 lakh at 11% interest
Contact Business

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    There are 72 active and verified businesses seeking loan in Haryana listed on SMERGERS as of 20 October 2020.
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