Aerospace & Defense Company Seeking Loan in Chennai, India

- Manufacturers of defense electro-mechanical assemblies. We are the only suppliers in India for more than 8 defense components. We supply the products to the Indian Army.

- Our product specialization is in electromagnets, electromechanical assemblies, relays, analog meters (including hermetically sealed meters), sensors, and indicators.

- The products manufactured are high-end and are produced as per the requirement of the project, varying in the range of 200 to 1,000 units per product per development project.

- The development project takes 8-14 months to be completed.

- We have a strong in-house multidisciplinary team of 30+ years along with a synergistic supplier ecosystem.

- Successfully developed more than 30 import substitution components for the Indian Defense.

- Currently, we are operating at loss as we do not have funds for the working capital to take up new projects, but as a development project is completed we generate profits.

Electromagnets, electromechanical assemblies, relays, analog meters (including hermetically sealed meters), sensors and indicators.

Sheet metal machinery, inventory, test equipment and test jigs.

Rental factory's covered area is 8,000 sq. ft. , the rented production area is 3,000 sq. ft. , and office area is about 600 sq. ft.

The company has 3 directors and currently, the funding has been done via unsecured loans through family & friends of the directors.