Established Gear Manufacturing Business For Sale In Mumbai
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About Business
They are one of the premier manufacturers of a wide range of gears and machinery spares tailored to precise specifications, blueprints, or samples & OEM parts.
Clientele type
Their extensive client base includes All Indian Railways, L&T Hazira Surat (serving defense, shipbuilding, turbines, special steel forgings, and more), Siemens, Garden Silk Mills Surat, Tata Wires, BARC (Trombay), Nuclear Fuel Complex Hyderabad, MDL (Mazagon Docks Ltd. Mumbai), as well as clients in the Middle East, such as Kuwait and the United Kingdom and other markets etc.
Premises
LEASED
Lease per month (in INR): 1.60 L
Security Deposit (in INR): 10.00 L
Carpet Area: 1,600 sq ft
Their premises include an office and a first-floor area designated for office staff.
Asking Price Includes
The asking price includes assets like machines, tooling, cutters. goodwill of the company, past performance, all the registration with all the government companies and private plus export clients, they are also open for partial exit.
Reason
The promoters is the second generation in the business and they want to sell the business as they are relocating abroad.
More Details
Started in 1974, the business now has a team of 5 workers, as the machines are automatic and one person can handle two machines. Additionally, they have 7 office staff, including 3 department heads for technical, finance, and sales & marketing, with the rest of the team in sales and marketing.
Despite having a bright future, the business struggled during COVID-19, as technological changes and updates in railway engines required new paperwork, which took them two years to complete.
Now, they have all the necessary paperwork, with last year's revenue exceeding INR 1,00,00,000 and over INR 1,00,00,000 in orders already in the pipeline for this financial year.
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₹10 to ₹200 Cr
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