Success Story

Incubation solution for successful India market entry

Zweibruecken, German

Headquarter

$24.5 million

Turnover

Industrial Machinery Manufacturing

Sector

Subsidary setup in India

Challenge

Setting up the subsidary

ALTIOS helped us gain perspective on several issues. Its teams highlighted important points that we had not fully understood, such as the positioning of our employee in Canada. In addition to a certain number of operational services to be provided, his mission includes representational functions. He represents MG Tech in North America with the aim of developing the subsidiary.

Xavier Lucas

MG Tech's Managing Director

Challenges

Difficulties with establishing a profitable Indian venture and delays in funding facilities in India

Solutions

Compliance and regulatory advice
Back-office administration support
Opex and capex funding support

Results

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

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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