To start a cement trading business in India, you can tie up with any established cement brand in the country. There are many well-established cement brands in India.
Out of these cement brands, in this article, we will talk about the Nuvoco Cement Dealership opportunity.
This article includes topics like Nuvoco cement dealership cost, profit margin, licenses and documents required, space required, and how to apply for the dealership.
why choose Nuvoco cement?
Nuvoco Vistas Corp. Ltd is one of the largest cement manufacturing companies in India. It entered the cement business in 1999.
Nuvoco Cement has 12 cement manufacturing plants all over the country. These plants are located in Rajasthan, West Bengal, Chattisgarh, Haryana, Bihar, and Odisha states.
Nuvoco Cement has a strong presence in the eastern states of India. It also has dealers in other parts of the country as well.
The company manufactures cement, concrete, and other building materials. Some of its famous products are Duraguar, Concreto, Double bull, Premium Slag, Insta Mix, X-con, Artiste, etc.
Licenses and Registrations required
These are the licenses and documents required to start a Nuvoco cement dealership.
- Company Registration – Sole proprietorship/LLP/Pvt Limited
- Trade Licence – from the local municipality
- Shop & Establishment Registration – from the state board
- GST certificate
- Previous bank statement – for financial background verification
- Valid land documents / Lease agreements.
- Business Insurance – (optional)
If you lack capital, then you can approach banks like SIDBI for a business loan.
Nuvoco Cement Dealership Cost
You need an investment of approximately INR 5 to 6 lakhs to start a Nuvoco cement dealership.
If you have your own shop then you can start the dealership with minimum investment.
Here is the break-down of the investment,
- Dealership Security Deposit -> 2 lakhs
- Initial inventory/stock purchase -> 2 lakh to 3.5 lakh rupees
- Shop Interior and Warehouse -> 1 lakh
- Labour for loading and unloading (1st month salary) -> 30,000 (2 nos)
- Shop Advance + First-month Rent -> (if you do not own a shop)
- Vehicle for Delivery – extra if Required
The monthly expenses include Shop rent, labor salary, stock purchase, utility bills, etc.
Profit margin in Nuvoco cement dealership
You can expect a profit margin of 5% to 10% from this dealership.
As with other cement brands, these profit margins are decided by the bonuses and schemes offered by the company. If you make more monthly sales, then the chances of getting good discounts from the company will be high.
How to get Nuvoco cement Dealership?
To get a Nuvoco Cement dealership, you need to contact your area sales officer. You can get his number by calling Nuvoco toll-free customer care number 1800 345 6666.
Once you get in touch with the area sales manager, he will guide you about the next steps.
There should not be any other Nuvoco cement dealer in a 2-3 kilometer radius from your shop. If there is any Nuvoco nearby, then the chances of you getting a dealership are very less.
How to contact Nuvoco Cement?
Also, visit them at –
Equinox Business Park, T-3, East Wing, 4th floor, LBS Marg, Kurla (W), Mumbai – 400 070
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FAQ about Dealership
How much investment is required for the Nuvoco cement dealership?
You require 5 lakh to 6 lakhs rupees investment to start a dealership
Shop space required for Nuvoco cement dealership?
Minimum space required in 500 square feet
Profit margin in Nuvoco cement dealership?
You can expect a profit margin of 5% to 10% on sales.
How to contact Nuvoco cement?
You can call Nuvoco cement by calling their toll-free number 1800 345 6666.
I hope this article has resolved many of your doubts related to the Nuvoco cement dealership. If you have any suggestions feel free to mention them in the comment box below.