Hold

Products/Service

A JV (European & Indian) company focusing on developing innovative green products in microbiology and water treatment is for sale. Products manufactured - Hand Sanitizers, Mosquito repellent, baby products, floor cleaners etc. The business has gone active for the past one year. Indian associate holds 100% shares now. The foreign partner has a right for 26 to 30% shares over a period of time as per the agreement. The company’s products has its presence in 2 states – Tamil Nadu and Kerala. Revenue generated for last FY is Rs. 50 lacs. Land area (leased) is approx. 4000 sq.ft, production capacity - between 3000 to 4000 bottles/day, if run on one shift per day. The plant has semi-automated bottling machines. Asking Price: INR 1.5 Cr subject to the actual terms and conditions of sale.

Reason

The Indian associate is venturing into other business hence would like to sell its share along with the plant based in India.

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