Young Entrepreneur Programme [YEP]
Looking for Business Ideas with full of Innovations. . .
This is the model designed for a young aspirant, who wants to be an Entrepreneur. Magnitech Engineers invites such individual to begin their Investment with the most lucrative and secured sector – Indian Defence – DRDO
If you are less than 25 years of age and have the vision of business establishment at preliminary stage, it’s an opportunity to execute the orders in less than 24 hours.
The End – User Purchase Orders are related with Procurement and Supply of Electrical Electronic and Mechanical Equipment / Components, wherein the mechanism of executing the Orders are well defined.
One has to start with being a SUB–VENDOR initially. Depending on the funds allocated by SUB-VENDOR (XYZ Company) the supply orders are drawn in favor of XYZ Company from the REGISTERED VENDOR. Though the orders drawn are valued in multiples of Crores by the REGISTERED VENDOR from the END-USER, we suggest you go ahead with an investment of Rs. 10 Lakhs
Subsequently, the purchases shall be made by SUB-VENDOR (XYZ Company) from the FOREIGN SUPPLIERS or Representatives of Foreign Suppliers in India by taking the reference of the REGISTERED VENDOR and the goods are delivered to the END USER
Consideration Criteria :
- Investment Capital of Rs. 10.00 Lakhs, which should be parked in Entrepreneurs’ Account for the immediate execution
- A Gestation period of 90 to 120 Days ( Each Cycle )
- Margin range of 18% to 20% on every Investment Per Cycle and normally varies with the gestation period, type of material to be supplied, etc
- The Entrepreneur shall perform 2 to 3 cycles of Business as a Sub – Vendor
- Once after completion of 2 to 3 cycles, the SUB-VENDOR (XYZ Company) is entitled to becoming the REGISTERED VENDOR
- Get a waiver of Commission on the First Cycle
- One time non – refundable fee of Rs. 1.00 Lakh is payable at the time of signing the Agreement
- Consultant shall be paid 20% of the profit after completion of every Cycle on receipt of Payment
- The Consultant will facilitate the Orders to an Entrepreneur up to 3 years