Manufacture of Rubber Moulded Products for Automotive, Electronics and Oil & Gas Looking for Investment Partner
Product / Service
The company was established in 1992. The company manufactures rubber molded products catering to automotive, electronics, oil & gas and other industrial applications. The manufacturing facility is at Sriperumbudur, near Chennai. The land is leasehold from SIPCOT for 99 years and measures 1.803 acres. Factory built-up area is 9,000 sq. ft. Plant capacity is 300 MT p.a. The company caters to supply chain of Ford, Renault Nissan, Hyundai, Ashok Leyland, SAME as well as directly to Flextronics and Butterfly. The company is IATF 16949 certified. Now in the process obtaining SQ mark certification to enable supplies which is exclusive to Hyundai supply chain. Sales turnover for the year ended March 2020 is projected at Rs 10.00 Cr with an EBITDA of 19%. The company is looking for Rs 6 Cr funding support from from prospective VC investors to fund cost of of new capex and growth in working capital.
Reason
Funding for growth
Business Tags
₹10 to ₹200 Cr
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