Deal Description

Family-owned electronic business since 1987 – predominantly in Attendance & Attendance related business would like to hand over the same to an Indian / Foreign buyer due to Promoter’s aging. Company operates through Mumbai HQ 13000 sq.ft., own premises along with 10 branches (few owned by company) in Tier2 cities with sales and support executives. Customers include 1000+ Large Corporations, SMEs in India, and customers abroad covering almost every field of Industries. Company has recently invested in new generation engineers and hardware that will take Company forward to next generation of equipment & market. Company also developed customized solutions for niche markets till date. These products have huge potential if marketed commercially. Company has no private or institutional borrowings and liabilities. Company’s revenue is likely to be around Rs. 100 Million. This year and double next year. Expected strategic buyout consideration is around Rs 500 Million as Goodwill, all Assets and Immovable Properties of market value, belonging to this Company.

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