Innovative Fast Growing Valve Mfg Seeking Strategic Partner

About Business

They design and manufacture various types of valves like ball valves, butterfly valves, gate valves, strainers, pressure-reducing valves, air vent valves, non-return valves, drain guns, float valves, and accessories.

Clientele type

Real estate builders, real estate developers, retail sanitary shops, retail plumbing shops, online e-commerce platform Amazon, housing societies, and old buildings going into redevelopment.

Premises

LEASED

Lease per month (in INR): 2.30 L

Security Deposit (in INR): 3.00 L

Carpet Area: 4,200 sq ft

The company also has a buffer storage in another gala owned by M.D. current factory area also is owned by the directors.

Asking Price Includes

The promoters are open to offering 60% equity in the business with access to the manufacturing unit, dies, molds, test and measuring instruments, etc.

Asking Price

INR 12.03 Cr

Minimum ticket size

INR 12.03 Cr

Reason

The promoter seeks a working partner to help the business grow and acquire 100% of the company in the coming years.

More Details

The business was established in 1998 by a first-generation entrepreneur. He holds a Bachelor of Engineering (Mechanical) and masters in Marketing from NMIMS. With an overall experience of more than 20 years. He has spent the major portion of his long career in Valve Design and 3 years in Research & Development of Hydraulic Valves.

He strongly believes in the ‘Make in India’ initiative. And believes innovation backed by strong R&D can take our country ahead. He has many ‘FIRSTS’ to his credit while creating world-class products for Varie Valves. A spiritual at heart believes making, selling, and buying long-lasting products is wisdom. Products with a very short span of life put an additional burden on the environment.

They have a 33-member team with departments like production and design engineering, production, sales, admin and backend, etc.

STRENGTHS: Established Reputation with 25+ years in the industry serving premium clients like Hiranandani builders, Kalpataru, Tata, L&T realty, etc., offering import substitute valves.
Most products manufactured by the company are either one of its kind in the world or one of its kind in India or at least the first of its kind in the country and hence have an edge over competitors. Products that are main revenue generators have a premium to an economy range of models that can help capture every type of client.
Outsourcing 80% of components reduces overheads and capital needs.
Futuristic designs and advanced plasticization of components, enable faster production and scalable capacity. Upto 3 times possible without the addition of major tools or capital.
Design and innovations using advanced software. The current team of design engineers works on new product development activities.
Future scope: the company has a projection of expanding to ATO of 114 crores in 5 years. mainly because of the:
a. unique products. (awaiting design registration from the patent office)
b. low-cost plasticized valves
c. growing from west focussed to pan India sales
d. A large scope for growth in the building segment.