Packaging Material Wholesale Company Seeking Loan in Bangalore, India

- Business that plans to supply packaging material.

- The company has 4 full-time employees and 3 contractors.

- We plan to start operations in April and we have an operational facility of 12,000 sq. ft near Bengaluru.

- The target customers for us are medium to large industrial enterprises.

- Our research has shown that these companies spend about 5% of their total expenses on packaging material.

- This gives us a huge opportunity to outperform existing players in this unorganized industry.

- The founders have been researching this industry and worked to build this business for the last 2 years. They have invested INR 1.5 crore of their own money.

- The business was a proprietorship for the last 2 years and is now a private limited entity.

Our company will supply corrugated boxes, bopp tapes, pallets, foams, straps, bubble rolls, and stretch wraps.

Our products will support branding on them.

The target consumers will be large and medium industrial businesses that need these materials.

The tangible assets include infrastructure INR 40 lakh, warehouse.

Land is leased.

We invested about INR 1.5 crore of our own money into this business.

Rented office space and warehouse of 12,000 sq. ft. in Ganukal near Bengaluru, Karnataka.

The built-up area is 6,000 sq. ft. while we have an additional 6,000 sq. ft. for expansion.

- Two shareholders in a 98:2 shareholding split.

- No bank loans.

- Bootstrapped till now and using our savings to pay costs for research, capex, and salaries.