10 Year old Automotive Manufacturing company looking for investment in Chennai
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This is an automotive manufacturing business located near Chennai that is looking for investment. Started in 2005, it is a partnership business which they want to expand further. The business is into manufacturing of small automotive component parts and is a Tier 2 supplier for industry giants like Hyundai, Nissan and Samsung etc.
The unit is set-up on a leased area of 10,000 sq. ft. and comprises of 22 machines. Their current total staff strength is of 90 people. The business has already created a turnover of INR 1.25 Cr.+ since October, 2015. Their last year's turnover is INR 5 Cr. while the gross profit is INR 50 lakhs.
They are looking for an investment of INR 2.5 Cr. which would be utilized for acquisition of new machines as well as for expansion of the business.
Reason
Expansion
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₹10 to ₹200 Cr
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