Industrial Machinery Businesses Seeking Loan in Mumbai

Business involved in the processing and wholesaling of bristles for high-end industrial brushes. - Uniquely positioned by offering specific/special grades of bristles that eliminate static charge issues typically associated with other bristle alternatives, enhancing product demand. - Leverages third-party processing while awaiting the operational startup of their new facility, showcasing strategic adaptation to market conditions. - Currently waiting for transitioning to in-house processing capabilities that is being built in Dhule in the land bought by the company in the FY 23-24, expected to commence operations within the. Next 3 -4 month, indicating growth and operational control. - Business is primarily cash-based, with a significant portion of customers and suppliers lacking GST registration, indicating potential challenges in transaction transparency and accounting. This means our actual sales are higher than our reported sales. - Seeking to expand into the export market to alleviate cash transaction constraints, aiming to capitalize on tax and customs rebates, which could enhance overall financial documentation and savings. - Legally recognized with a certificate of incorporation, GST, PAN, TAN, Audited Financials for FY 22-23, FY 23-24.

Industry focus: the business operates within the testing and inspection industry, specifically utilizing advanced AI and hyperspectral technology for quality inspection across multiple sectors, including textiles, pharmaceuticals, food, FMCG, and explosives. - Innovative product offering: the flagship product is a non-destructive testing device that leverages hyperspectral machine vision combined with AI, providing a new dimension of quality inspection to enhance product reliability and safety. - Pre-revenue stage: currently, the business is in the pre-revenue phase, having developed a working prototype and established proof of concept (PoC) with prominent clients such as Trident Group and GTA Belgium. - Market potential: with a pricing strategy set at INR 50 lakh per system, the business targets high-value contracts with companies in critical industries, indicating strong potential for revenue generation upon market entry. - Strategic partnerships: the company has secured a collaboration with SAC ISRO for the assembly of its product, leveraging cutting-edge technology and expertise from one of India’s leading space research organizations. - Experienced leadership: the founding team includes a promoter with significant experience at ISRO, having contributed to notable missions such as Chandrayaan 1, Chandrayaan 2, and Aditya-L1 mission. - The company was registered in the MCA last year but we have been researching and developing the product for 2 years.

We procure raw materials from local vendors and have tied up with manufacturing units for making the components. - Assembly of the machines is done at our rented shop and we currently assemble 300 machines on a monthly basis. - We have 400+ clients pan India including Hindustan Unilever, Mahindra & Mahindra, and we also provide machine assembly services to 10+ clients (other vending machine brands). - Have installed over 2,000 machines since inception, and there are over 1,00,000 female users between the age of (11 years & 50 years) both in rural and urban India, in less than 2 years of sales. - Have 10 permanent staff, and 20+ contract employees for reselling and on-site installation and servicing. - Competition is limited and we have a good lead in the corporate & education sector, especially in one of the states that we operate. - Menstrual hygiene & sanitation (both for the user & for the environment) is a USD 992.8 million dollar industry expected to grow at 15.4% (CAGR) between 2019-2024. - We started our operations much later post our incorporation since we spent significant time in market research, development & design of products, and vendor acquisition. - Business owned assets include computers and assembly equipment.

We procure raw materials from local vendors and have tied up with manufacturing units for making the components. - Assembly of the machines is done at our rented shop and we currently assemble 300 machines on a monthly basis. - We have 400+ clients pan India including Hindustan Unilever, Mahindra & Mahindra, and we also provide machine assembly services to 10+ clients (other vending machine brands). - Have installed over 2,000 machines since inception, and there are over 1,00,000 female users between the age of (11 years & 50 years) both in rural and urban India, in less than 2 years of sales. - Have 10 permanent staff, and 20+ contract employees for reselling and on-site installation and servicing. - Competition is limited and we have a good lead in the corporate & education sector, especially in one of the states that we operate. - Menstrual hygiene & sanitation (both for the user & for the environment) is a USD 992.8 million dollar industry expected to grow at 15.4% (CAGR) between 2019-2024. - We started our operations much later post our incorporation since we spent significant time in market research, development & design of products, and vendor acquisition. - Business owned assets include computers and assembly equipment.