PVC Pipes Manufacturing Business Raising Funds In Jamshedpur
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About Business
They are involved in manufacturing of industrial PVC pipe, PVC cross pipe, and soft PVC pipe tubes.
Clientele type
GOI, State government, Dealers from Jharkhand, Orissa, West Bengal and Bihar. They also cater to construction services of industrial buildings such as buildings used for production activities (used for assembly line activities), workshops, storage buildings and other similar industrial buildings.
Premises
LEASED
Lease per month (in INR): 50.00 K
Security Deposit (in INR): 1.50 L
Carpet Area: 14,000 sq ft
The plant infrastructure is fully established, and all necessary components are in place; what remains is the procurement of raw materials to kickstart the production process.
Asking Price Includes
The promoter is extending a 40% equity stake to potential investors capable of addressing the business's working capital requirements.
Reason
The promoter is not able to run the business smoothly due to lack of working capital.
More Details
The promoter is looking for genuine investors for his business, who can help in accomplishing the Jal jeevan Mission of GOI
The team consists of 1 sole- proprietor, 1 CEO who is handling operations and sales, 1 is handling finance and accounts division and has a technical team/ operators of 22 people who are managing in the day and night shift.
The company was started with the mission to support the JAL JEEVAN scheme of government of India in 2020. But then COVID hit. So, they already have one imported machinery from Germany but they haven't been able to utilize it efficiently due to lack of working capital
In order to fulfil the pending orders of ~40 Cr, they are planning to procure raw material from China as well.
Also,they have already got the export license. So,they are planning to start exporting to other countries as well.
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₹10 to ₹200 Cr
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