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Originally published in: 2023
Version: 13-Jun-2023
Length: 7 pages
Data source: Field research

Abstract

Gyan Ranjan Das, the founder, and managing director of Innocule Ltd was preparing for a board meeting to discuss the firm's financial performance and growth projections with board members in March 2021. While Innocule's product mix was profitable, financial performance was sound and no capital outlays were in sight, Gyan was particularly perplexed about the ensuing funding requirements for the projected revenue growth of more than 100% in FY 2022. Given the seasonal nature of the business, crucial aspects to address were a possible change in the key supplier of the raw material and their revised terms, mitigating the effect of uneven and delayed cash realization and finding a judicious financing mix of debt and equity.

Teaching and learning

This item is suitable for postgraduate and executive education courses.

Time period

The events covered by this case took place in 2021-22.

Geographical setting

Region:
Asia
Locations:
Bhubaneshwar;India

Featured company

Innocule Materials and Additives Pvt Ltd
Employees:
51-200
Turnover:
INR 250000000
Type:
Privately held
Industry:
Mineral processing
Other keywords:
National Entrepreneurship Award in 2019; National Start-up Award in 2021

Featured protagonist

  • Gyan Ranjan Das (male), Managing Director

About

Abstract

Gyan Ranjan Das, the founder, and managing director of Innocule Ltd was preparing for a board meeting to discuss the firm's financial performance and growth projections with board members in March 2021. While Innocule's product mix was profitable, financial performance was sound and no capital outlays were in sight, Gyan was particularly perplexed about the ensuing funding requirements for the projected revenue growth of more than 100% in FY 2022. Given the seasonal nature of the business, crucial aspects to address were a possible change in the key supplier of the raw material and their revised terms, mitigating the effect of uneven and delayed cash realization and finding a judicious financing mix of debt and equity.

Teaching and learning

This item is suitable for postgraduate and executive education courses.

Settings

Time period

The events covered by this case took place in 2021-22.

Geographical setting

Region:
Asia
Locations:
Bhubaneshwar;India

Featured company

Innocule Materials and Additives Pvt Ltd
Employees:
51-200
Turnover:
INR 250000000
Type:
Privately held
Industry:
Mineral processing
Other keywords:
National Entrepreneurship Award in 2019; National Start-up Award in 2021

Featured protagonist

  • Gyan Ranjan Das (male), Managing Director

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