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Dalal StreertDalal Streert
15 November 2004, Page 64
Matchmaking - India On-line B2B
It is a highly cost efficient way to reach out to global buyers and suppliers.
It is the e-marketplace working as an interactive hub for Indian suppliers and global buyers
        

Mr. Dinesh Agarwal - Founder & CEO, IndiaMART.com
Mr. Dinesh Agarwal - Founder & CEO, IndiaMART.com
Be it foreign businesses seeking Indian supplies or Indian businesses interacting with other Indian buyers, and vice-versa Indiamart.com is a B2B (business-to-business) place for Indian, or a foreign business that wishes to conduct business in India. Its online community is highly cost efficient way to reach out to global buyers and suppliers. It is the e-marketplace working as an interactive hub for Indian suppliers and global buyers. Its major feature are Online Directory Services, Online Business Catalogues, Online Trade Offers, Online Business Support Solutions, Discussion Forums and Business Info etc.

Indiamart.com - started in 1996 with a meager initial Investment - has team of over 230 professionals having grown at a rate of 110% p.a. over the past seven years. The company has come a long way having managed over 3,000+ web based projects for Indian and overseas clients.

The team has successfully served from large corporate clients like MTNL, Jindal Steel, Jindal Gas, ModiCorp, Nirula's, Panasonic, HHEC etc. to hundreds of SMEs. From content-based portals to technology-based e-commerce projects, online business catalogues to e-marketplace; the team has fulfilled diverse business solutions with a client retention rate of over 90%.

Database of over 3 Lac businesses

IndiaMART offers a strong database of over 3 Lac well-categorized businesses. The member business can be contacted online. Their pages get over 20 million- page views and 3 lac trade enquiries are generated. The marketplace also carries valuable information on key Indian industries and business support services. IndiaMART client tally has crossed the 6000 mark and making it a leader in the Indian industry and comparable with global players like Alibaba and Global Sources.

A major achievement of the company in the past year has been the 'TrustSEAL' certification service that has been able to bridge the Trust Gap between the global buyers and the Indian suppliers. The certified businesses benefit in having a distinct online visibility and the buyer confidence. As a result, the company has been able to generate business of over 1600 crore for its clients in the last financial year. The company has a nationwide network of over 12 branches and franchises at strategic locations. The consistent performance and online presence of IndiaMART for eight years has added to the company credibility.

Excellent growth & awards

IndiaMART InterMESH Ltd. (IIL) has announced a 108% growth in profits over last year. The company has recorded over 65% growth in revenues (from Rs 438.24 lacs to Rs 724.03 lacs). The PAT has gone up by almost 108% from 24.32 lacs to Rs 49.9 lacs during the same period .The EBDITA of the company representing internal cash actuals modestly stands at Rs 193.57 Lac. Mr. D. Agarwal MD of the company attributes the reason for this jump to various changes like process automation, new services and technological advancements.

IndiaMART InterMESH Ltd. (IIL)'s mission is to maximize value for clients by offering them highly efficient and cost-effective solutions for their business promotion, process support and transaction accomplishment needs through: innovative use of Internet technologies; and strategic service partnerships. The company plans to introduce new services for the clients. With the better technology and newer revenue streams, IndiaMART is all set to take the challenge. Company has won Award like: The Web's Best Site Award - Reviewed by Encyclopedia Britannica, Best Indian Website, Nominated by Microsoft, Site of the Week by ZEE India TV (31st Jan 99), Best of Asia Pacific Award, Most Interactive Trading Zone - The Economic Times and Top 10 Indian Websites- PC World.
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