Tech Enabled Safety Solutions Co Raising Funds In Coimbatore
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About Business
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): 60.00 K
Security Deposit (in INR): 4.00 L
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.
Asking Price
INR 1.50 Cr
Minimum ticket size
INR 25.00 L
Reason
As we have a great pipeline of orders for the upcoming FY, the raised funds would be utilized for for augmenting production capacity
More 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.
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₹10 to ₹200 Cr
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