/ Incubation solution for successful India market entry
Subsidiary of TLT-Turbo (Sichuan) Co. Ltd & TLT-Turbo GmbH (a POWER CHINA company)
Case Summary: TLT-Turbo
Challenge
- Difficulties with establishing a profitable Indian venture and delays in funding facilities in India
Services Provided
- Compliance and regulatory advice
- Back-office administration support
- Opex and capex funding support
Delivered Value
- Provided funding support to the venture while TLT-Turbo infused share capital, allowing them to setup facilities in India and ensure seamless operations
- Outsourcing of back-office activities enabled TLT-Turbo to focus on building a strong sales and service team, resulting in greater profitability
About the Client
TLT-Turbo is of the world’s leading manufacturers of axial and centrifugal fans. They are the global supplier of mining, industrial and power ventilation products and solutions. They have presence in 40 countries today.
Project Details
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.
M+V Altios managed initial funding for their opex & capex needs and handled various geopolitical issues & compliances. We also 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 .