Looking investor for modular kitchen business in India | Muslim-Investor.com

Investment

Submitted by mrkmetals on Tue, 2011/08/30 - 08:19

Mr.KITCHENS is a fully integrated modular kitchen solutions provider, incorporated in 2009. Our principal focus is to provide the highest quality of products and services to each one of our clients. We are dedicated to provide quality services with an aim to ease and expedite the international exchange of various types of modular kitchens and wardrobes.

Mr. KITCHENS is engaged in the designing, supply and installation of modular kitchens, wardrobes, crockery units, TV units, Show cases and kitchen appliances accessories. It operates as a supplier and installer of modular kitchens in Coimbatore and near by cities.

Mr. KITCHENS is planning to manufacture almost 75% of the components that go into making a modular kitchen, the major strengths includes raw material sourcing to finishing. Mr. KITCHENS concept is based on offering a wide range of well designed and functional modular kitchens at affordable prices, thus helping more people live a better life at home.

The furniture industry in India is estimated to be worth €5billion, out of which, the wooden furniture accounts for €750million. The major part i.e. 85% of furniture sector in India consists of the un-organized sector while the remaining organized sector is made up of manufactures and importers catering to the various segment of the industry. CSIL Milano has classified India as one of the 14 large furniture markets in the world. This is in view of the fact that India has a middle class population of over 400 million, with a purchasing power on the upswing. Modular kitchen market in India is still at a nascent stage but has tremendous growth potential. Market has been witnessing a growth rate of 50% YoY.

Real Estate Market in Coimbatore has seen a major upheaval in the recent times, with the demand for property fueling constructions and development on a wide scale in the city. As a response, the Property developers in Coimbatore are also coming up with various options to cater to this demand, which shows no signs of becoming stagnant in the near future.

Modular Kitchen in India has created a revolution for all the homemakers. Kitchen is that special place in every home meant to explore culinary passions and especially in India, everything related to Food is revered. As Home Decor and Home Interiors is gaining importance, the new concepts in Kitchen Decor making waves. One such modern concept of Modular Kitchen is gaining immense popularity in India.

Modular Kitchens are based on functional practicality and the onset of Modular Kitchen in the furniture market of India have spelt a consciousness that even kitchens can have a style statement and at the same time be comfortable and elegant.

According to Industry experts, the modular kitchens segment stands at around `1500Cr, with Indian readymade kitchens currently sold at the rate of 10,000 units per month in the country. The increasing number of nuclear families, rising disposable incomes, affordability, and easy budget, will drive awareness levels and demand for modular kitchen, which is already growing at the rate of 40% per annum.

Modular kitchen in India is expected to grow 10 times in the next three to four years. Modular kitchen market in India is still at a nascent stage but has tremendous growth potential. Market has been witnessing a growth rate of 50% YoY.

The company is planning to purchase the wood working machineries with the required investment (USD150,000) to produce the kitchen cabinets in coimbatore to reduce the operational cost. So that, Mr. KITCHENS can offers wide range of its products to the all segments of customers in affordable price.

Please contact us for the detailed business plan. Thank you.