IT Contract Staffing Company With INR 100 Crore Tax Exemption in Bangalore, India

- IT staffing company started operations in late 2018.

- INR 1 Crore Revenue YoY.

- Built apps, IT products and did projects for customers.

- Core business is IT contract staffing with active contracts Wipro (direct), IBM (sub), and Infosys (sub) to name a few.

- Promoter has a strong background with over 20 years of management experience in IT services and staffing.

- Promoter has experience building, generating & managing revenues of over INR 125 crores each year as BU Head at an MNC heading operations across India and EMEA.

- Was also previously employed as a CEO of a mid-size It Services firm where he grew revenues by 95% in one year.

- Have now acquired a newly established IT company in the USA and renamed (goal is to do H1Bs)

- Intend to incorporate and grow in UAE and expand operations into these 2 countries by hiring a sales team.

- Company had investors for INR 3 crore pre-Covid, but they pulled out due to global business fears amid the Covid pandemic.

- Revenues are flat INR 1 Crore and contract staffing needs fund infusion for growth.

- Last year, we got a INR 100 Cr income tax exemption (attached). INR 100 Crores tax exemption can be used within 5 years from now.

- Investor onboarded with 49% stake dilution to invest in growing India and USA.

- But the investor downsized and roadblocked hiring recruiters and team for growth.

- Lost most active billing resources, and revenues down to all time low 1-2 resources on billing.

- Active contracts with Wipro (direct) IBM, Infosys and huge potential to grow contract staffing business.

- Company feels this is the right time for the entry of an investor as we are now seeing a huge surge in opportunities.

- Will buyback the shares from the existing investors.

IT contract staffing.

IT services.

Software development.

Active client contracts and relationships.

20 years of experience and veteran staffing leader as promoter.

Active Naukri subscription.

Access to more clients and good team & network.

Manyata Tech Park Bangalore - Registered Office.

No loans,

Now it is currently funded by personal money for the last 5 years.

Although investors purchased the shares there was no investment made to grow the team and business, hence want to buy back the shares and grow big.