Products/Service

Acquire a fully-equipped manufacturing unit in Dhanbad, Jharkhand running since 2-2.5 years. This business is in an oligopoly market with only 3 or 4 other companies manufacturing the same products. Products manufactured include Pull Chord Switch, Push Button Station, Temperature Switch, Float Switch, Miner’s Cap Lamp Bulb, Reflective Harness, Audio Visual Alarm and Well Glass Light Fittings. These products are mainly used in underground coal mines. Some of the existing or probable clients including; Coal India Ltd., Tata Iron & Steel Co. Ltd., Nikko Jaiswal Ltd., Monnet Ispat & Energy Ltd., Electrosteel Ltd., etc. The unit has 6 approvals which are not easy to acquire. The unit is spread on a leased land of around 3000 Sqft. Revenue of the business is around 10 – 15 Lacs per annum. 7 employees working at the unit. The business owns machines for cutting, painting, drilling, grinding, welding etc. This business can be shifted to anywhere in India. Asking Price: INR 57 Lacs (getting each approval costs roughly around 1 Lakh).

Reason

Shifting to another location