Hold

Products/Service

A well-established Limited Liability closely-held Indian Group started by professionally well qualified and experienced entrepreneurs in 1995 under a JV with a US company. The company is engaged into manufacturing of vinyl looped matting, dust control mats, automobile mats, printed and other textile matting products. The products are sold both in contract and retail markets. With 23 years of presence, the company has developed a good reputation in the market. The company has its registered trademark and brandname and enjoys a good corporate image in the industry. Facility: The manufacturing facility is located in the Industrial belt in Gurgaon built on approx. 80,000 sqft. Products: The company keeps adding new and innovative products through its R&D. It presently manufactures 15 types of high-quality entrance matting products. Its portfolio includes vinyl looped matting, Entrance matting, Polypropylene tufted dust-control doormats, printed mats, matting rolls for auto-sector, designer mats and Logomats. It has a capacity of over 1 mn sqmt per year. The company also provides customized matting products. Customers: The company has a good presence not only in India, but also in Europe, USA and Australian markets. The goods are manufactured as per exacting the EU norms with always on-time delivery record. The company also supplies to Corporates and Government Institutions. Financials: In FY 2017-18, the company clocked a turnover of around INR 8 Cr. with 30% gross profit margin, and is expecting INR 10 Cr. of Turnover in the coming year.

Reason

Owners migrating abroad

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