Incubation solution for successful India market entry

Germany

Headquarter

$100mn+

Turnover

Industrial Machinery Manufacturing

Sector

Subsidiary setup in India

Challenge

Setting up the subsidiary

A structured incubation model combining regulatory support, funding facilitation, and outsourced back-office operations enabled TLT-Turbo to establish its India subsidiary efficiently while focusing on profitable sales and service growth.

Gerd Jegodzinski

CEO at TLT Turbo

Challenges

TLT-Turbo wanted to build a strong business base for the establishment of a profitable sales subsidiary in the Indian subcontinent. There were geo-political issues with Indian customers, since the mother company is a China based company and making its customer base in India was more challenging as a next step.

Services Provided

M+V Altios managed initial funding for their opex & capex needs and handled various geopolitical issues & compliances
We provided back-office services in Finance, Supply chain, legal, HR, and SAP.

Delivered Value

M+V Altios supported TLT-Turbo for all its financial need till they infuse their share capital which help them to set up their office in Ahmedabad (Gujarat) and managing other operations. From company formation to back-office administration and supply chain administration, TLT-Turbo used M+V Altios’ outsourcing solution in its successful journey. Based on initial set up support and strong team selections, TLT Turbo established their own strong sales and service team, built a factory-cum-office, and a good customer base for their products and services in India.

Tips and Best Practices

1. Understand local compliance and regulatory requirements to avoid legal and financial hurdles.
2. Develop a clear financial strategy that includes both Opex and Capex funding options.
3. Leverage external funding support to ensure timely availability of capital for business setup and expansion.
4. Outsource non-core functions like back-office administration to focus on strategic growth areas.
5 Plan for delays in funding approvals by maintaining contingency financial reserves.
6. Build a strong local sales and service team to drive market penetration and long-term profitability.

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