IndiaMART InterMESH Ltd. is an Indian e-commerce company that provides B2C, B2B and customer to customer sales services via its web portal. The group began in 1996 when Dinesh Agarwal and Brijesh Agrawal founded the website IndiaMART.com, a business-to-business portal to connect Indian manufacturers with buyers. 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. Currently the IndiaMART app has more than 1 crore (10 million) downloads with a 4.7 App rating on Android.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. 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 (CAGR) of 29 per cent for the next two years.In 2016 and 2019, IndiaMART invested in ProcMart and Vyapar.IndiaMART was the first company to test the IPO market in the Modi Government’s Second tenure.
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