Ten unidentified armed persons looted cash and goods worth Rs2.5 lakh from an industrial estate in suburban Andheri, police said today.

The incident took place last afternoon when 10-12 men entered the Paper Box Estate Mahal in the industrial area with knives and revovlers and looted Rs2.29 lakh cash, a three wheeler tempo worth Rs29,000 and a mobile phone worth Rs500, the police complaint said.

The accused tied watchman Aabaji Gaikwad with a rope and looted cash from the locker of a company named Rambo Travels and Jet Speed Logistics in the industrial area, police said. The robbers fled the scene after the incident and a search has been launched to bab the culprits, they said adding further investigations are on.