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Newly Established IT Consultancy Company Seeking Loan in Chennai, India

UAE-based IT implementation and support services company seeks funding to commence operations in Chennai.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales USD 60 thousand
EBITDA Margin 20 %
Industries IT Consultancy
Locations  Chennai + 1 more
Local Time 3:28 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 36 thousand for 8.0% annual interest, 2 years (Native Currency: INR 3,000,000)
Reason: Need funds to expand the operations in Chennai.
Collateral Available: USD 36 thousand
Includes physical assets worth USD 8.4 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- 4 clients in the UAE, and we are yet to commence sales and operations in Chennai.

- Implementation pricing starts at USD 30,000 and we cater to clients of all scales and industries.

- The licensing pricing is set by Microsoft and we get a 40% commission for each license.

- The owners have been in this market for 13-14 years and they leveraged their existing network to get the 4 clients.

- The business owner is in Chennai and can be reached out on their Indian phone number.

Products & Services Overview

Microsoft Dynamics ERP, staffing, implementation, and other developments. We license and implement D365 F&O, D365 BC, CRM, and Power BI.

Our top-selling services are implementation and support services. Implementation takes about 3-6 months depending on the scale and then we sign an AMC for support.

Assets Overview

Business-owned tangible assets include electronics, phones, and SIMs worth about INR 7 lakh.

The owners have three houses, one in T. Nagar, one in Tambaram, and another one in Chegalpet. All three houses have a combined value of INR 10 crore and we are willing to use anyone as collateral for this loan.

Facilities Overview

We have rented 6 seats in a business center in Western Dubai, and we are actively looking for an office in Chennai right now.

Capitalization Overview

- The company has two equal shareholders.

- We are bootstrapped and have used multiple sources like loans against jewelry and our bank savings in India.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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