IndiaMART

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Coordinates: 28°35′45.05″N 77°19′42.98″E / 28.5958472°N 77.3286056°E / 28.5958472; 77.3286056

IndiaMART.com
Type Private Company
Industry Internet Marketing
Founders Dinesh Agarwal
Headquarters 7th & 8th Floors, Advant-Navis Business Park, Sector 142, Noida, Uttar Pradesh, India
Area served Worldwide
Employees

2600

[1]
Website www.indiamart.com

IndiaMART is an Indian internet limited company headquartered in Noida, India.[2] The company is best known for its B2B marketplace which matches buyers and suppliers. IndiaMART attracts 10 million visitors per month with over 50 million monthly pageviews.[3] It was also termed as India's largest B2B marketplace with a 60 percent market share by IAMAI.[4] It has also been declared the world's second largest online b2b marketplace by Economic Times.[5]

History[edit]

In 1996, Dinesh Agarwal, Founder & CEO, IndiaMART, launched India's first business matchmaking platform when there were only 500 subscribers of the internet in the country.

Growth[edit]

IndiaMART introduced the concept of free listing & free-query forwarding to familiarize Indian SMEs with benefits of Internet for business promotion. Within six months of the launch, it reached break-even point.

In 2000, IndiaMART became a limited company and IndiaMART InterMESH Systems was changed to IndiaMART InterMESH Ltd. In the same year, it received various awards including HHEC, Jindal Organization and ModiCorp and touched 5 million page views per month. In 2004, IndiaMART became the first ISO 9001:2000 company in its domain.

During the DotCom bubble burst, IndiaMART was one of the few surviving and profitable ventures unlike other players which were forced to close down. In 2001, Business World magazine declared IndiaMART as "the only profitable Indian Dotcom, with positive cash flows".

Over the period of time, the company expanded to 40 offices that has pan-India presence. It today has 10 million buyers visiting its site every month.


Events[edit]

In 2010, IndiaMART joined hands with ET NOW,[6] India's leading financial news channel, for Leaders of Tomorrow Awards dedicated to the Indian SMEs. Since then, the Awards have felicitated SMEs across the country for their entrepreneurial excellence across various categories. It includes two special Awards - MSME of the Year and Woman Leader of Tomorrow amongst others.

Emerging Business Forum in association with Zee Business,[7] being one of its most popular events.

Mobile App & Website[edit]

A unique mobile App of IndiaMART was launched in May, 2013, across all Android devices. Soon after, an App for IOS device was also made available. The website also adapted to a mobile version, 'm.indiamart.com' which offers access to almost all the product categories on its platform through mobile handsets. Both the mobile site and App allow the users to send business enquiries and SMS directly from their mobile handsets. Moreover, the buyers have the option of calling the suppliers by just clicking on the displayed number. So far, over 1 lakh users have downloaded the App.

Board of Directors[edit]

Board of directors include investors and independent professionals, which include Rajesh Sawhney (Founder, Super Angels of India & former President, Reliance Entertainment),[8] Amit Behl (Intel Capital), Former Managing Director (India) - Leadership and Talent Consulting, Korn/Ferry International, M. K. Chouhan (Managing Director, Mahendra & Ardneham Consulting (P) Ltd.), Brijesh Agrawal (Co-Founder & Director, IndiaMART.com), Dinesh Agarwal (Founder & CEO, IndiaMART.com).

Tolexo.com[edit]

In June 2014, IndiaMART launched India's first ever B2B e-commerce marketplace Tolexo.com. It hosts over 100 brands and is a tool for buyers looking to purchase industrial and construction goods and supplies.

Future[edit]

IndiaMART has plans to expand its user-base and intends to become the search engine for businesses.

Awards[edit]

  • Red Herring 100 Asia 2008 [9]
  • Emerging India Award 2008 (second runner-up) [10]
  • Manthan Award 2013 for Buy Leads Under E-Business & Financial Inclusion Category [11]

External links[edit]

References[edit]