Tech Enabled Safety Solutions Co Raising Funds In Coimbatore
Email
Phone
Google
LinkedIn
Facebook
Product / Service
Indigenous manufacturer of Electronic safety lockers, biometric and digital furniture locks and Digital door locks.
The product range includes fingerprint lock, fingerprint and RFID lock, RFID and number lock, door lock, number pad and RFID safe, fingerprint safe, fingerprint and RFID safe.
Clientele type
Serving B2B Clients.
Manufacturing for industries like educational institutions and Edutech products, security systems for transportation, agritech, IOT based security systems for banks, home security, hotels, retail clients,etc
Premises
LEASED
Lease per month (in INR): 60,000
Security Deposit (in INR): 400,000
Carpet Area: 2,600 sq ft
Lease period of 5 years renewable. Located in Coimbatore in a very well accessible location.
Secured by Camera, Biometric entry system, genset, UPS, etc.
Asking Price Includes
The deal inlcudes a 15% equity and a board seat if the investor prefers to be active on the board.
Reason
As we have a great pipeline of orders for the upcoming FY, the raised funds would be utilized for for augmenting production capacity
Other Details
Current capacity can go upto 500 locks per month. But have the possibility to ramp upto 2000 locks per month within 30 days as and when necessary.
Company is a DPPIT certified start up and is also a ISO 9001:2015 certifed entity.
The company is also an approved vendor in GEM portal. The company manufactures these products under Make in India and is also registered with MSME, NSIC and TANSIM.
Alongside their main product line, they have also developed prototypes for several diverse projects. These include locks for EB feeder panel, a current leakage detection kit, cycle locks, early pregnancy detection kits for COWs (cattle), and GPS asset tracking solutions for banks.
Team members include 1 mechanical designer, 3 into electronic design and production, 2 into production and assembly, 1 handling the HR and admin activities, 3 into sales and digital marketing.
Business Tags
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Share your ProposalYou may also like
Verified
{{listing.title}}
Frequently Asked Questions
How to contact a business opportunity?
Click on CONTACT BUSINESS button on the business opportunity page to get
connected. This allows you to gain access to contact details of opportunity
in exchange with your details.
Please note, getting contact detail of a business is called an introduction
and each membership plan has different introduction credits. If you do not
have any introduction credit in your account, you can neither connect nor
get the contact details of that business opportunity.
How does IndiaBiz verify the business information?
Business opportunity is either posted by the business owner or advisor.
After which, our team checks the information for completeness, language and
accuracy. Once the basic checks are met; only then the opportunity is
published.
We also get users feedback for the opportunities they contact and based on
their feedback, the opportunity maybe put on HOLD till further
clarification. Many opportunities are not published when it does not pass
through our internal procedure checks.
We sincerely request you to carry out complete due diligence before taking
the transaction ahead. In addition, the contact details of the business are
verified via phone / email.
What support can I expect from IndiaBiz?
Based on your membership plan you can get email/ phone/ online support
for communication with the other side, account queries, etc.
If you are looking for a specific type of business opportunity - our
Assisted Buying services can be useful.
Our Advisory team also provides support related to business valuation,
business plan documents, franchise expansion plan at a fee. Contact sales
team for more details on your requirements.
Click here to see how it works
