>PrairieKid at 03:24, 14 May 2021

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{{short description|Indian e-commerce company}}
{{Infobox company
| name = IndiaMART
| logo = Indiamart-new.png
| logo_size = 125px
| founded = {{Start date and age|1996}}
| type = [[Public Company|Public]]
| traded_as = {{ubl|{{BSE|542726}}|{{NSE|INDIAMART}}}}
| ISIN = INE933S01016
| founder = {{plainlist|
*[[Dinesh Agarwal]]
*Brijesh Agrawal}}
| industry = {{plainlist|
*[[Internet Marketing]]
*[[B2B e-commerce|B2B Marketplace]]}}
| revenue = {{increase}} ₹403.5 crore FY2018,(CAGR 35%) <ref>{{cite news | url=https://www.medianama.com/2018/07/223-lowdown-indiamart-ipo/ | title= B2B marketplace looking to raise ₹600 crore | publisher= Medianama| date= 5 July 2018 | access-date= 19 July 2018}}</ref>
| location_city = [[Noida, Uttar Pradesh]]
| location_country = India
| area_served = India
| subsid = {{plainlist|
*Tolexo
*10times.com<ref>{{cite news | url=https://www.medianama.com/2018/07/223-lowdown-indiamart-ipo/ | title= B2B marketplace looking to raise ₹600 crore | publisher= Medianama | date= 5 July 2018 | access-date= 19 July 2018}}</ref>}}
| num_employees = 3600
| homepage = {{URL|www.indiamart.com}}
}}

'''IndiaMART InterMESH Ltd.''' is an Indian [[e-commerce]] company that provides [[Business-to-business|B2B]] and [[customer to customer]] sales services via its web portal.<ref>{{cite news | url=http://articles.economictimes.indiatimes.com/2015-06-29/news/63937698_1_sme-base-tata-motors-sourcing-requirements | title=IndiaMart ropes in Mudit Khosla to cater to sourcing needs of large companies | newspaper=[[Times of India]] | date=29 June 2015 | access-date=27 January 2016 | author=Payal Ganguly}}</ref> The group began in 1996 when [[Dinesh Agarwal]] and Brijesh Agrawal founded the website IndiaMART.com,<ref>{{cite web | url=http://www.vccircle.com/news/telecom/2016/01/04/exclusive-indiamarts-agarwal-backs-office-products-portal-instaproc | title=Indiamart's Agarwal backs office products portal ProcMart | publisher=[[VCCircle]] | date=4 January 2016 | access-date=27 January 2016 | author=Disha Sharma}}</ref> a [[business-to-business]] portal to connect Indian manufacturers with buyers.<ref>{{cite news | url=http://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/indiamart-eyes-rs-2000-cr-revenue-by-2020/48986352 | title=Indiamart eyes Rs 2,000 cr revenue by 2020 | work=[[Indiatimes.com]] | date=16 September 2015 | access-date=27 January 2016 | author=Varun Jain}}</ref><ref>{{cite news | url=http://www.business-standard.com/article/management/indiamart-small-business-means-big-business-115081600627_1.html | title=IndiaMART: Small business means big business | work=[[Business Standard]] | date=17 August 2015 | access-date=27 January 2016 | author=Ankita Rai}}</ref> The company is headquartered in [[Noida, Uttar Pradesh]], India.

IndiaMART had an aggregate of 32.5 crore (325.8 million), 55.2 crore (552.6 million) and 72.3 crore (723.5 million) visits in fiscals 2017, 2018 and 2019, respectively, of which 20.4 crore (204.8 million), 39.6 crore (396.9 million) and 55 crore (550.3 million) were mobile traffic, which is 63%, 72% and 76% of total traffic, respectively.<ref>{{cite web | url=https://www.business-standard.com/company/indiamart-inter-68842/information/company-history| title= INDIAMART INTERMESH LTD. (INDIAMART) - COMPANY HISTORY| publisher=Business Standard | access-date=3 October 2019}}</ref>
Currently the IndiaMART app has more than 1 crore (10 million) downloads with a 4.7 App rating on [[Android (operating system)|Android]].<ref>{{cite web | url=http://www.ptinews.com/pressrelease/34889_press-subIndiaMART-App-Crosses-10-Million-Downloads-and-is-Rated-4-6-Stars-by-Users-on-Google-Play-Store| title= IndiaMART App Crosses 10 Million Downloads and is Rated 4.6 Stars by Users on Google Play Store| publisher=Press Trust Of India | date=30 April 2019 | access-date=3 October 2019}}</ref>

IndiaMart's revenue registered a 29% CAGR over FY 2014–19 to ₹507 crore while it reported a net profit of ₹20 crore in FY19, according to a note from [[Angel Broking]].<ref>{{cite news | url=https://www.livemint.com/companies/news/indiamart-expects-29-cagr-revenue-growth-in-next-2-years-1555849998689.html| title= IndiaMart expects 29% CAGR revenue growth in next 2 years| publisher= Live Mint| date=21 April 2019 | access-date=12 October 2019 | author=PTI}}</ref> It has zero debt and sizeable cash balance. As of March 31, 2019, the company had 8.27 crore (82.70 million) registered buyers and had 55.5 [[lakh]] (5.55 million) supplier storefronts in India and expect to maintain a compounded annual growth rate ([[Compound annual growth rate|CAGR]]) of 29 per cent for the next two years.<ref>{{cite news | url=https://www.deccanchronicle.com/business/companies/210419/indiamart-expects-29-pc-cagr-revenue-growth-in-next-2-yrs.html| title= IndiaMart expects 29 pc CAGR revenue growth in next 2 yrs| publisher= Deccan Chronicle| date=21 April 2019 | access-date=11 October 2019 | author=PTI}}</ref>

In 2016 and 2019, IndiaMART invested in [[ProcMart]] and Vyapar.<ref>{{Cite web|last=aparnamishra.06|date=2016-06-21|title=IndiaMART Invests In B2B Marketplace ProcMart|url=https://inc42.com/flash-feed/indiamart-invests-in-procmart|access-date=2020-07-15|website=Inc42 Media|language=en-US}}</ref><ref>{{Cite web|last=S.H|first=Salman|date=2019-09-03|title=IndiaMART leads Series A investment in Vyapar|url=https://www.livemint.com/companies/news/indiamart-leads-series-a-investment-in-vyapar-1567524201276.html|access-date=2020-07-15|website=livemint.com|language=en}}</ref>

IndiaMART was the first company to test the [[Initial public offering|IPO]] market in the [[Premiership of Narendra Modi|Modi Government]]’s Second tenure.<ref>{{cite news | url=https://www.livemint.com/market/ipo/indiamart-set-to-become-the-first-company-to-test-ipo-market-after-elections-1560846656689.html| title= Indiamart set to become first firm to test IPO market under Modi 2.0| publisher= Live Mint| date=18 June 2019 | access-date=10 October 2019 | author=Swaraj Singh Dhanjal}}</ref>

==Background==
The cousins, [[Dinesh Agarwal]] and Brijesh Agrawal <ref>{{cite news | url=https://m.dailyhunt.in/news/bangladesh/english/yourstory-epaper-yourstory/b2b+ecommerce+marketplace+indiamart+posts+profit+of+rs+31+4+cr+in+first+quarter+of+fy20-newsid-128370386| title= B2B ecommerce marketplace IndiaMart posts profit of Rs 31.4 Cr in first quarter of FY20| publisher= Daily Hunt| date=1 August 2019 | access-date=9 October 2019}}</ref> launched IndiaMART as a directory of the websites for customers in the [[National Capital Region (India)|Delhi-NCR]] region.<ref>{{cite news | url=http://bwdisrupt.businessworld.in/article/IndiaMART-To-Stream-50-of-Revenue-from-Big-Brands-by-2020-/21-02-2017-113217/| title= IndiaMART To Stream 50% of Revenue from Big Brands by 2020| publisher= Business World| date=21 February 2017 | access-date=13 October 2019| author= Soumya Gupta }}</ref> At that time India had only 15,000 internet users.<ref>{{cite news | url=https://timesofindia.indiatimes.com/companies/dot-com-bust-was-the-best-thing-that-happened-to-us/articleshow/70322708.cms| title= ‘Dot-com bust was the best thing that happened to us’| publisher= Times Of India| date=22 July 2019 | access-date=12 October 2019| author= Dijbijay Mishra}}</ref> By 1999, the directory had more than 1000 listings.<ref>{{cite news | url=https://www.moneycontrol.com/news/business/companies/-1260209.html| title= Indiamart to raise Rs 100cr via PE route| publisher= Money Control| date=21 January 2011 | access-date=10 October 2019| author= VCCircle}}</ref>

After overcoming the dot-com bust, in 2008–2009, when the recession hit US, the company decided to pivot the focus from export oriented business to India-focused B2B market and raised $10 million from [[Intel Capital]].<ref>{{cite news | url=https://timesofindia.indiatimes.com/business/india-business/IndiaMart-com-gets-funds-from-Intel-Capital/articleshow/3979827.cms| title= IndiaMart.com gets funds from Intel Capital| publisher= Times Of India| date=15 January 2009 | access-date=9 October 2019| author= TNN}}</ref>

In November 2014, IndiaMART started promotional campaigns featuring Indian film actor [[Irrfan Khan]] as its brand ambassador.<ref>{{cite news | url=https://www.business-standard.com/article/pti-stories/indiamart-ropes-in-actor-irrfan-khan-as-brand-ambassador-114111801135_1.html| title= IndiaMART ropes in actor Irrfan Khan as brand ambassador| publisher= Business Standard| date=18 November 2014 | access-date=11 October 2019| author= Press Trust of India}}</ref>

Over the last ten years, IndiaMART has become the largest e-commerce platform for businesses with about 60% market share,<ref name="Manish Singh">{{cite news | url=https://techcrunch.com/2019/07/05/indiamart-ipo/| title= A 23-year-old B2B company has shown how keen India is for tech IPOs IndiaMART is the first business-to-business e-commerce firm to go public in India| publisher= Tech Crunch| date=6 July 2019 | access-date=15 October 2019| author= Manish Singh}}</ref> according to research firm KPMG. It handles 97,000 product categories — ranging from machine parts, medical equipment and textile products to cranes, from thousands of towns and cities of India.<ref name="Manish Singh"/> Agfa HealthCare India, Case New Holland Construction Equipment (India), Hilti India, JCB India and Nobel Hygiene are a few big suppliers on the company's marketplace.<ref>{{cite news | url=https://www.edelweissfin.com/documents/30595/0/IndiaMART+InterMESH+LIMITED-RHP.pdf| title= IndiaMART InterMESH LIMITED| publisher= EdelweissFin.com| date=17 June 2019 | access-date=13 October 2019| author= Red Herring Prospectus}}</ref>

In 2019, IndiaMART went public,<ref>{{cite news | url=https://economictimes.indiatimes.com/markets/ipos/fpos/indiamart-ipo-opens-on-monday-heres-what-you-need-to-know/articleshow/69889178.cms?from=mdr| title= IndiaMART IPO opens on Monday; here’s what you need to know| publisher= Economic Times| date=21 June 2019 | access-date=13 October 2019| author= ET Markets.com}}</ref> and it was by far the first online [[B2b e-Marketplace|B2B]] marketplace to go public.<ref>{{cite news | url=https://www.theindianwire.com/startups/indiamart-becomes-first-indian-b2b-online-market-place-go-public-145584/| title= IndiaMart becomes first Indian B2B online market place to go public| publisher= The Indian Wire.com| date=24 June 2019 | access-date=11 October 2019| author= Suviral Shukla}}</ref> IndiaMART opened [[Initial public offering|IPO]] to raise over ₹474 crore<ref>{{cite news | url=https://www.timesnownews.com/business-economy/companies/article/indiamart-ipo-opens-to-raise-over-rs-474-crore/442282| title= IndiaMart IPO opens, to raise over Rs 474 crore| publisher= Times Now News| date=24 June 2019 | access-date=12 October 2019| author= RTI}}</ref> at a price brand of ₹970- ₹973<ref>{{cite news | url=https://www.outlookindia.com/newsscroll/indiamart-ipo-opens-at-price-range-of-rs-970rs-973/1561009| title= IndiaMart IPO opens at price range of Rs 970-Rs 973| publisher= Outlook India| date=24 June 2019 | access-date=13 October 2019| author= IANS}}</ref> on the 24th of June, 2019. IndiaMART IPO was fully subscribed by Day 2,<ref name="NDTV Profit Team">{{cite news | url=https://www.ndtv.com/business/indiamart-intermesh-ipo-indiamart-intermesh-stock-price-indiamart-intermesh-ipo-subscribed-over-50-o-2058774| title= IndiaMART InterMESH IPO Fully Subscribed On Day 2| publisher= NDTV Profit| date=26 June 2019 | access-date=8 October 2019| author= NDTV Profit Team}}</ref> and was oversubscribed by 36 times by the end of the final day of the biding.<ref name="NDTV Profit Team"/>

==Funding==
In early 2009, the firm received ₹50 crore [[Series A round]] funding from [[Intel Capital]], a part of which was invested in IndiaMART, One97 Communications and Global Talent Track.<ref>{{cite news| title= IndiaMart.com gets funds from Intel Capital | author=Times News Network| newspaper=Times of India| url= http://timesofindia.indiatimes.com/business/india-business/IndiaMart-com-gets-funds-from-Intel-Capital/articleshow/3979827.cms |date=15 January 2009}}</ref><ref>{{cite news | url=http://timesofindia.indiatimes.com/business/india-business/IndiaMart-com-gets-funds-from-Intel-Capital/articleshow/3979827.cms | title=IndiaMart.com gets funds from Intel Capital | newspaper=[[Times of India]] | date=14 January 2009 | access-date=27 January 2016}}</ref><ref>{{cite news | url=http://www.business-standard.com/article/companies/rs-1-crore-a-day-is-not-far-away-for-pe-backed-indiamart-115071600014_1.html | title=Rs 1 crore a day is not far away for PE-backed Indiamart | newspaper=[[Business Standard]] | date=July 16, 2015 | access-date=27 January 2016 | author=N Sundaresha Subramanian}}</ref> In March 2016, it raised Series C Funding from [[Amadeus Capital Partners]] and Quona Capital. It is claimed that these funds will be used to scale up the activities of IndiaMART and Tolexo.<ref>{{cite news | url=http://www.vccircle.com/news/technology/2016/03/09/indiamart-raises-series-c-investments-amadeus-capital-westbridge-others | title=Indiamart raises Series C funding from Amadeus Capital, WestBridge & others | publisher=[[VCCircle]] | date=9 March 2016 | access-date=3 June 2016}}</ref> In June 2018 IndiaMART has filled draft papers with [[Securities and Exchange Board of India|SEBI]] to raise $88.24 million through [[Initial public offering|IPO]] and list on [[National Stock Exchange of India|NSE]] and [[BSE SENSEX|BSE]] exchange.<ref>{{cite news | url=https://inc42.com/buzz/indiamart-ready-for-ipo-files-draft-papers-to-sell-4-28-mn-shares/ | title=IndiaMART Files Draft Papers To Raise $88.24 Mn | publisher=[[inc42]] | date=3 July 2018 | access-date=3 July 2018}}</ref>

==Board Of Directors==
* Mr. [[Dinesh Agarwal]] - Managing Director, Executive Director<ref>{{cite web | url=https://www.nseprimeir.com/z_Indiamart/bod_popup.aspx?id=1 | title= Mr.Dinesh Chandra Agarwal - Profile| publisher=nseprimeir.com | access-date=10 October 2019}}</ref>
* Mr. Brijesh Kumar Agarwal - Whole Time Director<ref>{{cite web | url=https://www.nseprimeir.com/z_Indiamart/bod_popup.aspx?id=2 | title= Mr.Brijesh Kumar Agrawal - Profile| publisher= nseprimeir.com | access-date=10 October 2019}}</ref>
* Mr. Dhruv Prakash - Non-Executive Director<ref>{{cite web | url=https://www.nseprimeir.com/z_Indiamart/bod_popup.aspx?id=3| title= Mr.Dhruv Prakash - Profile| publisher=nseprimeir.com | access-date=10 October 2019}}</ref>
* Ms. Elizabeth Lucy Chapman - (Non Executive Independent Director)<ref>{{cite web | url=https://www.nseprimeir.com/z_Indiamart/bod_popup.aspx?id=4| title= Ms.Elizabeth Lucy Chapman - Profile| publisher=nseprimeir.com | access-date=10 October 2019}}</ref>
* Mr. Vivek Narayan Gour - (Non Executive Independent Director)<ref>{{cite web | url=https://www.nseprimeir.com/z_Indiamart/bod_popup.aspx?id=5| title= Mr.Vivek Narayan Gour - Profile| publisher=nseprimeir.com | access-date=10 October 2019}}</ref>
* Mr. Rajesh Sawhney - (Non Executive Independent Director)<ref>{{cite web | url=https://www.nseprimeir.com/z_Indiamart/bod_popup.aspx?id=6| title= Mr.Rajesh Sawhney - Profile| publisher=nseprimeir.com | access-date=10 October 2019}}</ref>

==Awards==
* Nominated among the top three at Emerging India Awards 2008<ref>{{cite web | url=https://economictimes.indiatimes.com/indiamart-com-nominated-among-top-3-at-emerging-india-awards-08/articleshow/3193972.cms?from=mdr| title=IndiaMART.com nominated among top 3 at Emerging India Awards '08| publisher=Economic Times| date= 3 July 2008 | access-date=16 September 2019}}</ref>
* Red Herring 100 Asia Awards 2008<ref>{{cite web | url=https://www.exchange4media.com/industry-briefing-news/indiamart.com-wins-red-herring-100-asia-award-33392.html | title=Indiamart.com wins Red Herring 100 Asia Award| publisher=Exchange4Media | date=11 December 2008 | access-date=11 September 2019}}</ref>
* [[Manthan Award]] 2013 for Buy Leads Under E-Business & Financial Inclusion Category <ref>[http://manthanaward.org/section_full_story.asp?id=1308 IndiaMART Buy Leads Declared Undisputed Leader of Innovation in Online Space at Manthan Awards 2013 Manthan Award Dec 2013, 2014] {{webarchive |url=https://web.archive.org/web/20140923034238/http://manthanaward.org/section_full_story.asp?id=1308 |date=September 23, 2014 }}</ref>
* IndiaMART Bags Best Business App Award at GMASA 2017 <ref>[https://www.dqindia.com/indiamart-bags-best-business-app-award-at-gmasa-2017/ IndiaMART Bags Best Business App Award at GMASA 2017]</ref>
* ‘Best Business App’ at Drivers of Digital Summit & Awards, 2018<ref name="dodawards.in"/>
* ‘Best Online Classified Website’ at Drivers of Digital Summit & Awards, 2018<ref>[https://www.dodawards.in/dod-2018/]</ref>
* ‘Best Online Classified Application’ at Drivers of Digital Summit & Awards, 2018<ref name="dodawards.in">[https://www.dodawards.in/winners-backup/]</ref>
* India Law Awards 2019 for ‘Technology, Media and Telecommunication In-House Legal Team' <ref>{{cite web | url=https://www.legalbusinessonline.com/awards/india-law-awards-2019 | title=Welcome to the Inaugural ALB India Law Awards 2019! | publisher=Legal Business Online | date=27 February 2019 | access-date=18 September 2019}}</ref>
* ‘Video Content in a Business Website- Special Mention’ at Video Media Awards and Summit 2019<ref>{{cite web | url=https://www.videaawards.com/winners/ | title= VIDEO IN WEBSITE AWARDS| publisher=Video Awards Online | date=18 April 2019 | access-date=20 September 2019}}</ref>

== Legal Issues ==
In November 2020, IndiaMART filed a copyright infringement lawsuit against [[Justdial]] before the Delhi High Court on allegations of copying website compilations for the proposed JD Mart business-to-business marketplace.<ref>{{Cite web|last=Bhalla|first=Madhurima Nandy,Tarush|date=2020-11-18|title=Indiamart, JD in legal war over copyright violations|url=https://www.livemint.com/companies/news/indiamart-jd-in-legal-war-over-copyright-violations-11605665033816.html|access-date=2020-12-17|website=mint|language=en}}</ref><ref>{{Cite web|title=Clash of Marts {{!}} Lexology|url=https://www.lexology.com/library/detail.aspx?g=db2930ca-a071-41d5-b95d-2d0a1a2605d8|access-date=2020-12-17|website=www.lexology.com|language=en}}</ref>

==References==
{{Reflist}}

==External links==
*{{url|www.indiamart.com|Official site}}

[[Category:Online companies of India]]
[[Category:Internet properties established in 1996]]
[[Category:Indian brands]]

IndiaMART - Revision history

>PrairieKid at 03:24, 14 May 2021