Vendiman Pvt. Ltd. Company Profile

Background

Vendiman Pvt. Ltd., established in 2013 and headquartered in Mumbai, Maharashtra, India, is a leading provider of smart micro retail solutions, specializing in automated vending machines for snacks, beverages, and related products. The company's mission is to make everyday convenience accessible by offering easier, smarter, and safer snacking options.

Key Strategic Focus

Vendiman focuses on delivering innovative vending solutions tailored to the Indian market. With over 2,000 machines installed across more than 20 cities and serving over 550 clients, the company aims to provide quick and convenient access to snacks and beverages for time-constrained individuals. Their vending machines are strategically placed in corporate offices, hospitals, schools, and other institutions, ensuring widespread accessibility.

Financials and Funding

As of the financial year ending March 31, 2023, Vendiman reported operating revenue between INR 1 crore and INR 100 crore. The company's net worth decreased by 10.35%, while EBITDA increased by 24.87%. Total assets grew by 23.14%, and liabilities rose by 88.45%.

Technological Platform and Innovation

Vendiman leverages advanced vending technology to enhance user experience and operational efficiency. Their machines are equipped with features such as cashless payment options and real-time inventory tracking, ensuring seamless transactions and timely restocking. The company continually adopts global vending innovations, customizing them to meet the specific needs of Indian consumers.

Leadership Team

Aditi Jain: Appointed as CEO on April 5, 2024, Aditi brings extensive experience in the retail and technology sectors, focusing on driving innovation and growth within the company.

Rajesh Kumar Shrishrimal: Serving as Director since September 21, 2018, Rajesh has a background in managing diverse business operations and strategic planning.

Siddharth Pradip Kothari: Director since September 14, 2017, Siddharth contributes his expertise in financial management and corporate governance.

Siddharth Vaidya: Appointed as Nominee Director on May 7, 2023, Siddharth offers insights into market expansion and strategic partnerships.

Pratyush Unmesh Kamdar: Director since August 4, 2017, Pratyush focuses on business development and client relations.

Leadership Changes

In April 2024, Aditi Jain was appointed as the new CEO, succeeding the previous leadership. This change signifies the company's commitment to innovation and strategic growth under new leadership.

Competitor Profile

Market Insights and Dynamics

The Indian vending machine market is experiencing significant growth, driven by increasing demand for convenient snacking options in urban areas. The market is characterized by rapid technological advancements and a shift towards cashless transactions.

Competitor Analysis

Lovelocal (formerly M.paani): A retail company based in Mumbai, Maharashtra, with approximately 64 employees, focusing on local retail solutions.

Selvam Group: Located in Coimbatore, Tamil Nadu, with around 132 employees, operating in the retail sector.

The Sliper: Based in Faridabad, Haryana, with a small team of 4 employees, offering retail services.

Unma: A retail company operating in Delhi, employee count not specified.

Nestasia: Headquartered in Kolkata, West Bengal, with approximately 92 employees, specializing in retail products.

Strategic Collaborations and Partnerships

Vendiman has established partnerships with over 550 clients across various sectors, including corporate offices, hospitals, and educational institutions. These collaborations enhance the company's market presence and enable the provision of tailored vending solutions to diverse customer bases.

Operational Insights

Vendiman's strategic placement of over 2,000 vending machines in more than 20 cities positions the company as a leader in the Indian vending machine market. Their focus on customer convenience, technological innovation, and operational excellence provides a competitive edge over other market players.

Strategic Opportunities and Future Directions

Looking ahead, Vendiman aims to expand its footprint by increasing the number of vending machines and entering new markets within India. The company plans to invest in advanced technologies to enhance user experience and operational efficiency. Additionally, Vendiman seeks to diversify its product offerings to cater to evolving consumer preferences and maintain its leadership position in the industry.