In 2013, IndiaBizForSale started its venture in India to make the business buyers and the business sellers meet, within 4 months, it successfully helped a professional business broker find a financial institution in Chennai he was looking for his client to acquire for further expansion of his business.
Before the broker reached us, he had already tried searching for suitable company to acquire but he could not search for matching requirement from his own network. He did not want to give advertisement in newspaper as advertisement is newspaper is generally very costly and short lived in essence. He searched for such opportunities on the internet and came across our website IndiaBizForSale.com, with many business listings including some in the finance sector but not exactly matching his requirements. The process was simple. He registered on the website in 2 minutes and clicked a few buttons to create his own listing requirements for a NBFC business.
Our client success team contacted this professional and identified his requirements bit more thoroughly within the same day. Our team started looking for a business that would be a perfect fit for him. We created a marketing plan for this and actively started promoting his requirements through social media, newsletter and our internal network of business brokers. From our internal intelligence and promotion, we soon got some positive responses and good opportunities that our client started reviewing one by one. There was a proposal received from one of our broker clients based in Mumbai holding the mandate to sell off an NBFC in Chennai. This was an opportunity that seemed most appropriate to the buyer. He studied the documents provided by the seller broker and quickly scheduled a direct meeting with the seller. The due-diligence process was carried immediately and the deal was closed in just three weeks from the day the buyer had registered on our website explaining us about his requirement. This shows that it is possible for SMEs to exit from the business while maintaining confidentiality. We do not charge any commission from business brokers, lots of business brokers use us for this reason and generally we know who is looking for what in India.
Final Thought
IndiaBizForSale.com is exclusively India market focused and premium service to search, meet and deal with serious and genuine business sellers and buyers. We apply a range of innovative and result oriented methods to bring in serious and genuine business buyers and sellers through various online and offline channels. We sincerely believe that we can provide a real value addition to our clients’ interest if they require support for selling their business or buying one.
1 thought on “SUCCESS STORY – Selling a Business in India”