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'Company of the Year 2010' One97 Communications Ltd. To Go for an IPO

12-31-2010 10:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: IndiaMART InterMESH Ltd.

-One97 Communications Ltd. receives IndiaMART Leader of Tomorrow Award in two categories -IT/ITES & Company of the Year
-Mr. Vijay Shekhar Sharma, CMD, One97 Communications Ltd. all set to take the company for an IPO

New Delhi, 30th December, 2010: One97 Communications Ltd. bagged the IndiaMART Leader of Tomorrow Award in IT/ITES/Telecom category and was also declared the Company of the Year at IndiaMART Leaders of Tomorrow Awards 2010 Ceremony held in New Delhi recently. The chief guest at the Awards Ceremony, Honourable Union Minister for Home Affairs Mr. P. Chidambaram congratulated and felicitated Mr. Vijay Shekhar Sharma, Chairman and Managing Director, One97 Communications Ltd. for his achievements. With the passion to succeed coupled with sharp business acumen, Mr. Sharma has steered the company to towering heights. Placed on a strong growth trajectory, the company is all set to launch its own Initial Public Offering (IPO) in the year 2011.

Mr. Vijay Shekhar Sharma was jubilant to win the coveted Award in two categories. On this occasion, he said, “We are honoured to receive this prestigious business award for MSMEs. It gives us great pride to be recognized by industry stalwarts for our performance over the past decade. The last decade has seen the emergence of a lot of outstanding companies who have also been strong contenders for this award and hence this becomes even more meaningful. I express my gratitude and admire the impressive manner in which IndiaMART.com & ET NOW have recognized and encouraged MSMEs in India who are now becoming a force to be reckoned with. I am glad that we are in process of fundraising through IPO plan and look forward to complete it soon."

Seeing One97 Communications Ltd. make giant strides, Mr. Dinesh Agarwal, Founder and CEO, IndiaMART.com, “Foreseeing great potential in the company, the Jury rightly bestowed upon them the title of 'Company of the Year' alongwith the Award for IT/ITES category. One97 Communications Ltd. is aggressively moving on the growth path which is evident from their decision to take the company for an IPO. I would like to congratulate Mr. Sharma on receiving the Awards and wish him luck for the IPO.”

Mr. Vijay Shekhar Sharma, aged 31, is the Chairman and Managing Director of One97 Communications Ltd. He has more than ten years of experience in the telecom and new media industries. He started his first venture 'XS Corps' while he was at college, which he sold to Lotus Interworks, LLC, New Jersey in 1999. Prior to founding the company in 2000, Mr. Sharma played key roles in a number of organisations such as Riverrun Software Services Group Limited, Inter Solutions Software Private Limited and Startec Global Communications Limited. His focus was on the design and development of various products and applications for technology, media and telecom industries. He holds a Bachelors degree in Engineering from Delhi College of Engineering.

About One97 Communications Ltd.
One97 Communications Ltd. is India's leading mobile value added service company. It's vision is to transform telecom networks into unrivaled media to deliver content, information and intelligent transactions to consumers worldwide. The company's innovative mobile content, messaging, commerce services and made-to-order network applications offer new revenue streams to telecom operators. Championing speed of delivery, One97 thrives on its widely deployed telecom applications service platform to deliver scalable, flexible and customized services. It is funded by Intel Capital (Mauritius) Limited, SAIF and SVB India Capital Partners.

About IndiaMART.com
IndiaMART.com is India's largest online B2B marketplace connecting global buyers with suppliers through business directories, online product catalogs, buy-sell offers, industry specific marketplaces, printed media and trade shows participation.

Founded in 1996 by Mr. Dinesh Agarwal (CEO), the company has a pan-India presence in over 100 cities. With over 2400 employees located across 55 offices in the country, IndiaMART.com offers an extensive range of value- added products and services to its 1 million registered members and nearly 5 million global buyers across various industries and verticals.

IndiaMART.com has won numerous awards over the years and has been widely covered by media such as CNBC, BBC, BusinessMoney, CNN, Businessworld, Economic Times, Financial Express, etc for its pioneering role in promoting SME business in the country. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd (Times Group), India's largest print media group.

For more information, please visit: www.indiamart.com/press-section & www.leaders.economictimes.com

About ET NOW
ET NOW, leverages the power of ‘Brand ET’ which has a five decade old heritage. ET NOW brings complete perspective to news with the most influential business minds, the biggest global voices bringing the global perspective. ET NOW is taking giant strides towards leadership, and with specific focus on news and analysis the channel is poised to become synonymous with Corporates and real time investors.

IndiaMART InterMESH Ltd
B-6, Sector-8
Noida
U.P.-201301

Media Contact
Pawandeep Kaur
Manager - PR
T: +91-120-3911000
F: +91-120-2424943
E: pr@indiamart.com

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