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Friends,
Recently I've been following an interesting business called #IndiaMart (India's very own Alibaba ?)
Attempting a small thread 🧵explaining the company, business model and growth prospects in future.
Hope it help. Happy investing!
Recently I've been following an interesting business called #IndiaMart (India's very own Alibaba ?)
Attempting a small thread 🧵explaining the company, business model and growth prospects in future.
Hope it help. Happy investing!
IndiaMART is India’s largest online B2B marketplace, connecting buyers with suppliers with over 60% market share.
Founded in 1999 by Dinesh Chandra Agarwal, when he decided to leave his high paying job in US & return to India to start his venture with co founder Brijesh Agarwal
Founded in 1999 by Dinesh Chandra Agarwal, when he decided to leave his high paying job in US & return to India to start his venture with co founder Brijesh Agarwal
Company is headquartered in Noida and currently employs about 2700 (as of Mar'21) people across 85 branches
Company generated a net profit of Rs.280 Crore in Financial year 2020-21
Company has been showing excellent sales and profit growth in recent years. Got listed in 2019
Company generated a net profit of Rs.280 Crore in Financial year 2020-21
Company has been showing excellent sales and profit growth in recent years. Got listed in 2019
