Latex Gloves Manufacturer Raising Funds In Kochi
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Product / Service
Manufactuing of latex gloves including:
-Sterile Latex Surgical Gloves Powdered
-Sterile Latex Surgical Gloves Powder Free
-Sterile Nitrile Surgical Gloves Powder Free
-Latex Examination Gloves Powdered
-Latex Examination Gloves Powder Free
Clientele type
Exports, Hospitals and Pharmaceutical companies.
Premises
LEASED
Lease per month (in INR): 300,000
Security Deposit (in INR): 500,000
Carpet Area: 35,000 sq ft
The manufacturing facility is about 3,700 sq. mt and packaging facility is about 1,150 sq. mt. Both together have built up areas of about 35,000 sq. ft.
Asking Price Includes
They are prepared to offer up to 40% equity in exchange for raising funds.
Asking Price
INR 15.00 Crore
Minimum ticket size
INR 100,000,000 (INR 10.00 Crore)
Reason
The promoter wants to source cheaper raw materials from Africa and increase their marketing professional headcount to enhance their business
Other Details
They started this business in 2006, and the promoter is from the second generation in the industry. The company is accredited with essential certifications like CE-MDR, US FDA, CE PPE, ISO 13485, ISO 9001:2016, and is Sedex certified for ethical manufacturing. They are one of only three companies in India currently compliant with CE MDR, the latest regulation for CE.
In India, they have the 4th largest production capacity, catering to 8 countries in Europe, 3 in Latin America, 8 in Africa, and 7 in Asia. Additionally, they serve as contract manufacturers for a prominent company, achieving monthly sales of 15 lakh pairs.
Their production capacity allows them to manufacture approximately 1 crore pairs of gloves per month.
Keywords
Business Tags
₹10 to ₹200 Cr
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