Overview
- Company Name: Comtech Industries
- Business Owners: Rajesh Divakar
- Industries: Automobile Manufacturing
- Location: Bengaluru, Karnataka
- Protium Product: Machinery and Equipment Loan
- Protium Customer Since: 2025
- Company Incorporation Year : 2005
Background and Business History
With a diploma in NTTF and three years of training, Mr. Rajesh Divakar was armed with knowledge in manufacturing parts for industrial moulds. This background helped him start Comtech Industries in 2005 and become a reliable supplier in several large Automobile giants. For over two decades, the company was doing stable with repeat orders coming in from a large automobile manufacturer.
The Challenge: Reducing Dependency and Seizing New Opportunities
In 2025, Mr. Divakar realised that his team could serve new customers. This is when he started prepared a plan to diversify his product line to onboard new customers. He wanted to pursue higher-margin work and secure long-term stability.
While attending an Automobile exhibition,. Mr. Rajesh came across a refurbished Power Press Machine . With this machine, he could venture into manufacturing additional components such as car door attachments , ATM cash tray and attachments for chassis, among others .
To put this in motion, he needed immediate funds for which Mr Rajesh approached his bank. However, the bank did not offer loan to procure refurbished machinery.
Protium: Financing a Dream
When Mr. Rajesh discovered Protium, he was glad to realise how different it was from other financial institutions. Protium understood his business requirement well, and after reviewing all the growth plans, got back with an approval leter in merely 3 days. With this influx of funds, Mr Rajesh was able to procure 5 power press machines instead of 1 planned earlier and scale his business. He says,: “Protium’s best feature is they are funding upto 85%, no banks will do… No Nationalized Bank is paying for GST. That is one biggest plus points.”
The entire process, from application to disbursement, was handled in a “jet speed mode.” Mr Rajesh was “shocked” that the loan could be secured in under 15 days, allowing him to instantly meet the demanding vendor requirement. The new machines enabled Comtech to start the Power Sector projects, targeting a 43% turnover increase and reducing its dependency risk by 25%.
| Challenges | Protium Solution | Result |
| Additional machinery required | Machinery loan of upto 85% of the value assigned. | Instead of 1 machine, 5 machines were procured |
| GST on machines | Protium’s loan covered GST component of the machine cost. | Cashflow deployed for other spends |
Quote from the Founder
“Every major business begins with a ambition, and this ambition requires fuel to move forward.This fuel is funding. Protium didn’t just provide funds; they provided jet-speed funding. My team and I submitted the documents, the loan was approved, the disbursement was immediate, and the machines was bought. It was a seamless, practical process that quickly channelled my dream into reality. That’s what partnering with Protium means.”