Electrical Equipment Business Investment Opportunities in Tamil Nadu

- Currently catering to 2,400 clients (600 B2B and 1,800 B2C clients). - We directly source the products from leading manufacturers. - We have 10 permanent employees and 18 contract-based employees. - Have an FSSAI license and local corporate registration. - The promoter has 5 years of experience in this industry.

- Company manufactures wires & cables & has high growth. - A tech company, believes in solving customer problems & making products totally based on customers' requirements. - We have grabbed multiple prestigious awards. - Have 40 vendors from whom we purchase raw materials. - Our manufacturing capacity is 3k tons of cables & wires per year and we currently utilize 60% of it. - We have more than 10 clients. Some of our major clients are from the electrical and railway industries. - At present, there are no loans taken by the company. - We are two directors, one holds 75% shares of the company and the other holds 25% shares. - The promoter has more than 6 years of experience in the electrical industry.

- We provide manufacturing of miniature current transformers, calibration for energy meters and current transformers as well as consultancy in the power industry. - Have an NABL certified calibration laboratory for energy meters, current transformers and potential transformers. - We are also able to manufacture over 1 million pieces of miniature current transformers in a year. - Also provide consulting services in the power sector in the areas of utilities, industrial power supply, power transmission or generation. - We generate around 40% of our revenue from calibration services, 40% from consultancy and 20% from manufacturing. - Have multiple large and noteworthy clients that are all within Tamil Nadu. - We are now looking to start an export oriented joint venture in the power manufacturing industry. - Would be setting up a new entity for this JV and would be using the current company's infrastructure for manufacturing. Investor would be receiving shares in the JV for their investment. - Company's physical assets include machinery and equipment.

The company has signed an MoU & received G. O from the government to invest INR 290 crore and create 350 jobs. The government has awarded a 20% capital subsidy on the investment and we will receive INR 58 crore & other incentives like an employment pension refund, a land subsidy of up to 50%, a tax rebate, and others. The company has leased 7 acres of land in Avadi Outer Ring Road Chennai & acquired 3.6 acres in Sriperumbudur for the factory & future development. - The company is setting up a 2-gigawatt prismatic module & pack manufacturing facility and scaling it to 20 gigawatts in the existing land parcel with state-of-the-art automated equipment & plant. - Entered a technology partnership & cell supply agreement with global leading cell manufacturing companies. - Team has vast experience in lithium-ion phosphate batteries with the CTO having managed a 30 gigawatt battery manufacturing facility in the UK. The factory will be operational in August next year.