High-Quality Switches Manufacturing Raising Funds In Vasai
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Product / Service
They offer a variety of products, including switches, sockets, plates, regulators, 3-in-1 combines, 5-in-1 combines, double combines, and other related items.
Clientele type
They cater to distributors, contractors, builders, and stockists.
Premises
LEASED
Lease per month (in INR): 28.00 K
Security Deposit (in INR): 1.00 L
Carpet Area: 1,000 sq ft
Asking Price Includes
They want to raise funds again through debt to fuel their growth.
Reason
They want to raise INR 3,00,00,000 in debt to fuel their expansion plans. The funds will be utilized for purchasing and covering vendor costs.
Other Details
They started their business in April 2023 in Vasai, specializing in manufacturing high-quality switches, sockets, and related accessories.
They invested over 80 lakh to stabilize operations, resulting in a consistent monthly turnover exceeding 1 crore. To accelerate growth, they are seeking 3 crore from investors and an additional 1 crore loan from a government bank to fulfill incoming orders.
By the end of March 2024, they achieved sales exceeding 32 lakh and are projecting sales of at least 8 crore by March 2025, driven by an extensive distributor network across India.
Business Tags
₹10 to ₹200 Cr
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