Company Overview
Founded in 2007 and headquartered in Bangalore, the company is an engineering service and consulting firm specialising in SCM, MRO, procurement, and tool management services with major global and domestic clients across the aviation and auto sectors. It helps with streamlining procurement business software and facilitates all related organisational changes.
- The company provides engineering and operations support to top-bucket clients such as Ford, Cummins, Caterpillar, GE, Perkins, Airbus, and TRW. In addition to this, it has also formed strategic partnerships with major auto giants such as the Hinduja Group, Tata, TAAL, TASL, and Royal Enfield.
- It has 35+ years of experience dealing with global affiliates across the USA, Canada, South Africa, Mexico, UK, Germany, Romania, and India, and 12+ years of experience in providing cutting tool and commodity management services to over 18 plants across India.
- The board and management form the core team that boasts experiences from esteemed organizations such as Oracle, IBM, GE, BMC, Satyam, and JP Morgan.
- It is heavily focused on its ideals of reducing total cost (vendor scorecards, cost-usage models), managing competition (volume leveraging, task tracking), inventory management (multi-plant visibility, automatic tool dispensing), and manufacturer neutrality (leverage supply base, latest technology, competitive pricing).
- The global tooling market is expected to reach USD 368.5 billion by 2026, growing at a CAGR of 8% (FY19-26).
Product or Technology Overview
Engineering services offered:
Commodity Management Services-
- Cutting Tools
- Abrasives
- Machine Wear Components
- Automatic Tool Dispensing Machines (Vending Services)
Chemical Management Services
- Metal Working Fluids, Lubes, Solvents, Fuels, and Support Equipment
- Fluid Condition Monitoring
- Metalworking Fluid and Lubrication Management
- Fluids Reprocessing
Total Tool Management
- Commodity Management Services
- Tool Set-Up
- Drawing Management
- Cutter Grind Management
Linked Commodity Management Services
- Cutting Tools
- Abrasives
- Chemical Management
- Filtration
What the Company is looking for?
Target Country:
Opportunity:
he company is seeking to raise funds worth around USD 1.5 million in the form of external commercial borrowing (ECB) to help expand its business operations.
Funding Utilization Breakdown
- Inventory: USD 0.75 million
- Expansion and Consolidation of business domestically and globally: USD 0.4 million
- Working Capital Deficit: USD 0.35 million
SHOW INTEREST
