Electric Equipment Wholesale Business Seeking Loan in Madurai, India

This business is an LED wholesale business based in Madurai, Tamil Nadu. It has two employees and has its own trademarked brand. The products and services include LED emergency bulbs, tube lights, and street lights.

The company has a 40-90% gross profit on its products and a 20% minimum operating profit margin. No regulatory approval or licenses are needed apart from the basic business registration. The company is looking for funding to expand the business.

LED emergency bulbs, tube lights, street lights, focus lights, and consumer durables. Our top selling product is LED street lights. These are used by electrical contractors, however, we sell the products only through wholesalers, distributors, and retailers.

We supply only dealers, distributors, and retailers.

Tangible assets include stock worth INR 10 lakh; furniture and office equipment worth INR 2 lakh.

We have a rented office located in the city center of Madurai.

- We have a bank loan with an outstanding amount of INR 6.8 lakh. The loan is being duly repaid.

- This is a sole proprietorship where the owner is an active part of the business.