Article published in		dated 13/9/2008
Cos Take a fancy to paper shredders - Deepa Krishnan & Gaurav Pai

Shabbir Abid of Mumbai based ABCO TRADERS is the third generation from his family in this business, he offers complete records destruction solutions,from onsite shredding to selling shredding machines He figured that only executing paper shredding contracts may no longer sustain him, and so has diversified to selling the shredding machines. They cost anywhere between Rs.2700/- to 72000/- a unit depending on the capacity.

The margins could be anywhere between 2% to 20 % in the paper shredding business, depending on the quality of paper and nature of work. “getting business contracts is very erratic" he said explaining that some companies expect them to collect the material, shred it and send it to paper mills and certify that the work has been completed confidentially. Others expect the paper to be shredded in their office and sell it to paper mills independently.