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Power metering solution company looking for Joint Venture

Asking Price 10 Cr Annual Revenue
EBIT Stake Offered
Year Established 010 Listed On 2018-06-27

Opportunity to invest/partner with a Power metering solutions company, who has captured the future of energy and evolved solutions with critical product, provider of advanced and cost effective Automated metering Infrastructure solutions.  Company has technology rich meters that are integrated with head end system supported by robust and feature rich. Meter data management system, the world’s first MDM system with compliance to multi speak technology. The solutions offered is extended and customised for local Indian market.  With offices in Canada and India, Company is bringing to market BIS and IEC compliant Single Phase, Poly Phase. (class 1.0 Direct Connect) and CT meters (class 0.5 and 1.0), integrated with an interoperable HES and Data solutions. Successful testing at leading clients where pilots done includes Power grid Corporation of India, Tata power etc. Major partners tie ups and alliances in place with now gearing for inhouse assembly of said product.  Most of the Meter Manufacturers in India manufacture meters based on AMR technology. Company's strategic partnerships focus on bringing in AMI technology into India. Moreover, Company’s operations as a manufacturer & assembler will provide flexibility to adapt to developing market requirements.  Scalable Software Solution‛ to meet the requirements of Indian Market. Company has completed various testing and empanelment from various prestigious client. Company proposes to set up manufacturing facility at an investment of around Rs. 10 cr. Company is looking for startegic investor or JV partner who can invest 10 Cr.