9.3 / 10
 Mumbai

RFID and IoT focussed business with patents and marquee customers seeks equity investments.

Key Business Facts
Yearly Sales USD 360 thousand
EBIDTA Margin 20 - 30 %
Industries RFID Systems
Locations  Mumbai
Business Overview
- Company does research, reselling, and maintenance of RFID systems.
- Our clients include Fortune 30 customers like Verizon (customer for 9 years) and others like Orange Business Systems, DOD, and Apollo Hospitals.
- Developed in-house solutions and own 14+ copyrights. We have our own Patents, the last one of which was awarded in June this year.
- Three revenue streams:
• Sale of our tech and products through licensing.
• Supplier for end-to-end solutions that include hardware and software.
• AMCs at 10% order value.
- Our end-to-end solutions and life cycle support are well known in India and abroad.
- Globally serviced clients including systems for sovereign governments in the Middle East and in West Africa.
- Most clients turn into repeat clients and opt for AMC from the company.
- Clients span industries like corporate, healthcare, amusement parks, aerospace, DOD, and retail.
- The company is family owned with the family members owning 99%. The remaining 1% is held by SIDBI.
- Company has loans with a pending amount of INR 2.5 crore.
- Founded 14 years ago as a Pvt ltd firm for focussing on RFID/IoT solutions.
- The founder is an Indian Navy veteran and a serial entrepreneur who founded high-tech companies whilst in service and thereafter. They successfully sold their first business with a patent to Ingersol Rand (a Fortune 500 company) in 2005 and helped them settle their business here by working as the country head for 2 years.
- The founder has a rich experience of 40+ years in high technology and is a distinguished postgraduate in technology.
Products & Services Overview
We provide end-to-end solutions in the field of RFID and IoT. We also provide consultancy services in the field of Automation. Developing SaaS asset management capabilities to help MSMEs, asset leasing companies & corporates.
Capitalization Overview
Family funded with LAPs against office spaces. All 3 directors are from the family + 1% shareholding with SIDBI. The total paid-up capital is INR 2 cr and the authorized capital is INR 3 cr.
Assets Overview
Company-owned tangible assets include test instrumentations, test readers, antennas worth almost INR 1.5 crore; PCs, laptops, and miscellaneous office equipment across two offices worth INR 1.5 crore. Intangible assets include IP valued at INR 70+ crore. The latest patent in emergency evacuation using RFID has very wide usage in corporates, oil & gas, and other sensitive businesses all over the world. We have two promoter-owned offices in Mumbai and Pune worth INR 1.5 crore and INR 3.5 crore respectively.
Partial Stake Sale
USD 1.2 million for 50.0% stake (Native Currency: INR 100,000,000)
Reason: The company was doing very well with over 8 crores of sales in FY16. Demonetisation, followed by GST... View More
Includes physical assets worth USD 360 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business