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Spices Businesses Seeking Loan in Chennai

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Newly Established Spices Business Seeking Loan in Chennai, India

Manufacturer & marketer of spices within districts and having tie-ups with distributors & institutions.
- Started commercial operations in June 2020. - Manufacturer of masalas, spices, turmeric powder, coriander powder, and roasted vermicelli. Over 70% of the business' revenue comes from trading spices. - In spices, we primarily deal with cumin seeds, black pepper seeds, cumin powder, chili, turmeric, coriander, chicken 65 masala, chicken masala powder, pepper powder. - We also process and package vermicelli and roasted rava. - Masalas are available in various sizes and packs. - Entire process of roasting, drying, grinding, processing, and packaging is carried out in our factory. - Produce about 1,000 kg of masalas per month and 800-1000 bags of vermicelli and roasted rava. - All masalas are processed, packaged, and sold under our own proprietary brand. - Tied up with 3 distributors and 120 retailers across Tamil Nadu. - All the raw spices and materials are procured from 5 wholesalers in Guntur. - Currently, we have two sales person who take care of the marketing. - We do not have any contracts with clients. We supply as an order is received. - Promoter has been working in the industry for 2 years.
Manufacturer & marketer of spices within districts and having tie-ups with distributors & institutions.
8.4   Chennai
Run Rate Sales
USD 110 thousand
EBITDA Margin
15 %
Business Loan
USD 70 K at 10%
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