40-Year-Old Software Company Raising Funds In Chennai
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Product / Service
They offer a range of products and services, including software solutions, IT consulting, cybersecurity services, and cloud computing solutions.
Clientele type
They have a huge client base, including ITC Ltd., Indian Potash Ltd., Manna Trading Co., G. M. Pens International Pvt. Ltd., Godrej Hershey's Ltd., L & T ECC, Clarion Technologies Pvt. Ltd., Ramco Systems Ltd, Sundaram Infotech Solutions (Division of TVS Group), L & T Infotech, Infosys Technologies Ltd, Hexaware Technologies Ltd, Digital Global Soft Ltd, Orbitech Solutions Ltd, Association Analytics Group (USA), ProConnect Supply Chains, JKR Hospitality Services Pvt Ltd, and Inrush Electrical (Canada).
Premises
LEASED
Lease per month (in INR): 18,000
Security Deposit (in INR): 200,000
Carpet Area: 140 sq ft
Asking Price Includes
They are seeking a strategic partner and are open to equity participation with dividend sharing.
Asking Price
INR 50.00 Lac
Minimum ticket size
INR 2,500,000 (INR 25.00 Lac)
Reason
Their business has suffered badly after COVID and the drastic changes in technology, along with manpower shortages. They want a strategic partner to bring new ideas and utilize their four decades of trust to explore new ventures.
Other Details
They started their business in 1984, and they have a team of 12 members: 2 directors, 1 senior PM, 3 developers, & 6 freelancers on a need basis.
Their services include business consulting, project planning, system analysis, business analysis, business application development, database design, programming, and user interface implementation. They use different software development methodologies, like waterfall, agile, and spiral.
Their software development services model is designed in a manner to prove their efficiency, especially in delivering quality deliverables within schedule. Simplified development processes, standard development methodology, professional expertise, reusable components, and frameworks help them maintain efficiency at all times.
They have a team of qualified professionals who can design, develop, host, & maintain mobile applications on Android and iOS. Their team has already been working on various applications for our long-term clients to redevelop/migrate them into this new environment.
They have created virtual benches for our clients in programming services at a reasonable cost in a 24x7 model on a monthly/weekly/ hourly basis. (JAVA, MS- Products, Web Tools, ERP’s, Open Source, 2-3GL, DBL & Legacy Applications)
It is a long-term-reputed company with a good reputation in the industry for 4 decades. No disputes or legal cases ever. Can grow faster by pitching up on new avenues like AI, etc., with a new dedicated team.
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