One of the leading Manufacturers and suppliers of general goods for marine application, navigational lights, tube light fittings, deck light fittings in the country since 60 years is looking for an exit. They have pan-India operations and have been working with the Indian Navy for the last 53 years. They have a range of over a 1000+ products under their portfolio with great relations with leading ship manufacturers in the country like Shipping Corporation & Cochin Shipyards. The promoter of the business is looking to retire and has succession into another business. Topline they achieved last financial year was INR 1 Cr with 30% EBITDA margins. The asking price they are looking to exit is up to INR 4.8 Cr.
Listing id : BB005028 Reason for Sale : The Sellers are looking to retire and their sons have diversified into other businesses respectively.
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