 |
      |
|
|
|
 |
NEWMEDIA |
ICENEWS 
IndiaMART
completes a decade of success
2006-04-12 IndiaMART.com, one of India’s oldest portals, has completed ten years of operation. The online business-to-business portal between Indian suppliers and global buyers claims that it has crossed the 10,000 client mark at the same time, making it the a leader in India and one of the top five B2B marketplaces in the world in terms of directory database, catalogues, content and traffic. The company plans to hire 300 more people to extend services to global suppliers, besides adding another 450-people capacity centre at Noida. "Online B2B matchmaking is about building trust amongst buyers and suppliers over a sustained period of time. Having achieved that, we are now looking at expanding the marketplace from 'India-to-world' model to a 'world to world' model. This expansion will put IndiaMART at par with some of the largest online B2B players across the globe," said company founder and CEO Dinesh Agarwal. IndiaMART claims a visitor base of ten million unique business visitors globally, translating into 55 million effective page-views on the marketplace every month. What started in 1996 as a sole proprietorship firm today employs nearly 600 web professionals across 22 locations in India. Based on a purely online B2B business model IndiaMART, not only broke-even in the very first year of its launch but also registered profitable growth in all ten years of its operations with an average growth of 65 per cent. |