Company Overview
One of the fastest-growing companies in India in the field of cold-chain products and services with 14 sales service offices spread across the country. It mainly provides turnkey as well as bespoke cold-chain solutions and has a dedicated manufacturing and assembly unit in Rajasthan with production lines imported from Europe.
- The cold chain market is segmented into storage and transportation and the company operates in both of these segments with revenue being almost evenly distributed among its Products and Services verticals.
- The company serves customers in a number of different industries including warehouse and logistics, horticulture, pharmaceuticals, dairy, and frozen foods, among others, and its customers include big Indian players such as Mother Dairy, Vadilal, and Amul.
- In FY20, the company had an order book of USD 11.9 million with EBITDA and PAT standing at USD 0.64 million and USD 0.23 million respectively. Additionally, it had borrowings worth USD 0.7 million and fixed assets (book value) of USD 1.54 million.
- The company targets growth of 25% on a YoY basis with a minimum expected average growth of 15-20% for the next few years.
- Major drivers for the growth of the cold chain market in India include growth in organized food retail, growth in the processed food sector, and a shift from grain crops toward fruits and vegetables.
Product or Technology Overview
The following is a list of the products and services offered by the company:
- Products - Freon Refrigeration Units, Compressor Rack Systems, Ammonia Refrigeration Units, Ripening Systems, Multideck Cabinets, IQF, Doors and CA Doors, Arctic Panels, Docking Systems, Packing and Grading, CA Solutions, and Transport Refrigeration
- Solutions / Services - Turnkey Solutions, Segment-Wise Solutions, Cold Chain Refrigeration, Consulting, Quality Monitoring Solutions, Warehouse Management Systems, Transport Management Systems, and Transport Refrigeration
What the Company is looking for?
Target Country:
Opportunity:
The company is looking for a strategic partner to obtain a minority stake in the company allowing it to expand its manufacturing capabilities and subsequently bid for larger projects.
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