Electric Construction Company Seeking Loan in Jalandhar, India

- Company involved in the construction of electrical infrastructure for colonies and highways.

- Work in hand with a tentative value of INR 23 crore in PUDA-approved colonies and NHAI projects.

- We take payment in parts, this covers the cost while the project is ongoing.

- Capable workforce that enables us to take on multiple projects at once.

- High growth as we started only a year ago, hired more people and got more projects.

- Private limited company that has GST registration.

- It has a growth rate of 50%+ and the company has a great scope in the future.

We work as subcontractors for NHAI and government-approved developers (PUDA) and undertake electrical turnkey work for PUDA-approved colonies, and NHAI.

In the colonies, we do everything from wiring layout to installation of transformer, and erecting and connecting the street lights.

For NHAI we do all the work related to electric utilities in the road construction process, this can include digging up and relocating wiring or installing new lights. Our major revenue comes from NHAI work.

The total physical assets worth INR 1.25 crore consist of:

- 1 truck and 1 modified tractor with hydraulics and a digger worth INR 50 lakh.

- 1 crane worth INR 30 lakh.

- 1 car and 1 jeep worth INR 20 lakh.

One owned and another rental office with owned equipment. Both the offices are located in and close to central part of Jalandhar.

- The company has two founder directors and presently company has a bank CC Limit with HDFC Bank Jalandhar of 1.25 crore.

- The shareholding split of the directors is 51:49.