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IndiaMART.com Completes 15 Years of Powering SMEs' Growth & Success

04-06-2011 03:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IndiaMART InterMESH Ltd.

* 15 year journey credited with bringing over 1 million Indian SMEs online
* Visionary behind the online company Dinesh Agarwal reminisces the journey
* Company board confident of many further glorious years of success

New Delhi, 6th April, 2011: The year 2011 is when India completes 15 years of commercial Internet. This is the same year when India's first and largest online B2B marketplace IndiaMART.com celebrates its 15th anniversary.

IndiaMART.com has announced completion of a decade and a half of empowering Small and Medium Enterprises (SMEs), continuous innovation and leadership. Relied upon by over 1 million suppliers and 5 million buyers globally, the company has admirably advanced through these years by leading small businesses to global markets through its online business promotion services. As a veteran in the online industry, IndiaMART.com will strengthen its capabilities and further fortify their growth in coming years.

On reaching this landmark, Mr. Dinesh Agarwal, Founder and CEO, IndiaMART.com, said, “As we complete 15 years in the industry, it's fascinating to look back to that Monday, 1st of April in 1996, when IndiaMART.com was born. The journey that followed - from one room, 4 member team and an assembled computer to 4000 people across 75 offices and over 1 million registered members - is enviable for many. I strongly believe that this growth, achievement and our leadership position have been possible because of the unstinting support of all our stakeholders.”

“What started out with a little capital has steadily grown into a business far exceeding anyone's expectations. We are extremely proud of this accomplishment and owe this success to all the customers and employees who helped us get here. We will continue to bring innovation in our services to further become a part of their growth stories,” said, Mr. Brijesh Agrawal, COO, IndiaMART.com.

On the special occasion, Mr. Deep Kalra, Founder and CEO, MakeMyTrip.com who is also on the Board of Directors, IndiaMART.com, said “Over the last 15 years, IndiaMART, led by Dinesh and team has demonstrated pioneering spirit and tremendous resilience, which have helped them maintain their leadership position in the market. I am confident that going forward, IndiaMART will continue to add value to its customers by constant innovation and high levels of service. I wish them all the best for continued market dominance.”

In 1996, there were only 500 subscribers of the Internet. IndiaMART.com’s arrival on the scene aligned the benefits of the Internet with the business needs of Indian SMEs. The marketplace has since then been seen as a game changer for the SME business community. Today, it offers a comprehensive suite of services that are powering growth and success of these enterprises. It boasts of 7.7 million unique visitors per month along with 29 million page views per month.

Congratulating IndiaMART.com on its 15th anniversary, Mr. UK Sangal, CEO, Santec Group, a member of IndiaMART.com, said, “We have been hugely benefited by their services. We believe that their growth and achievements are tremendous. We wish the entire team good luck.”

Echoing Mr. Sangal's wishes, Mr. Sunil Jain, Owner, Chemisynth, another member of IndiaMART.com shared, “We, Chemisynth, have been a member of their caravan for a large part of their journey so far. Our new venture TRISIS CORP also joined a few years ago. We wish IndiaMART further giant strides in its march towards bringing businesses closer and reaping the benefits of the great Internet revolution.”

Over the years, IndiaMART.com has received numerous accolades and recognition including Red Herring 100 Asia and Emerging India in 2008. Currently, over 85% Indian SMEs prefer IndiaMART.com as per Internet and Mobile Association of India study on ICT adoption amongst MSMEs in India.

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 by Mr. Dinesh Agarwal (CEO), the company has a pan-India presence in over 100 cities. With over 4000 employees located across 75 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 several media for its pioneering role in promoting SME business in the country. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd.

For more information, please visit: www.indiamart.com/corporate/press-section

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

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

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