Thane based manufacturer of specialized industrial painting equipment for the automobile industry.
- Manufacture specialized painting equipment for use in automotive painting.
- Supply to other engineering firms who provide turnkey painting solutions to OEM automobile manufacturers.
- We supply to 4 of the 5 major turnkey automobile painting solution providers in India most of whom have been our clients for the last 25 years.
- The business enjoys margins between 20 - 25% with revenues of over INR 3 Cr. under normal business conditions.
- However, due to the downturn in automobile sales and manufacturing, the business has operated at a loss for the last 3 years.
- The company has a strong balance sheet with zero debt and no long term or major liabilities.
- The factory is setup on a leased MIDC plot of 510 sq. m.
- Buyer will acquire the entire business with all its assets and contracts.
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