Business EconomyPosted at: Jan 25 2023 4:38PM


IndiaMART to expand footprint in 4 new cities in TN

Chennai, Jan 25 (UNI) IndiaMART InterMESH Limited, India’s largest
B2B online marketplace, today announced that it will expand its footprint
further in Tamil Nadu with four offices in the State.
The new offices will be set up in Kanchipuram, Pondicherry, Tirunelveli
and Vellore, to cater to the growing demand in the state on its platform.
Alongside, the company will hire local people on their payroll for operation
of the new offices in the state. Besides, it will establish a customer service
team in Chennai for assisting customers in the vernacular language.
All these major announcements came at a conference which was held to
address the difficulties faced by MSMEs which are based in Tamil Nadu
and the strategic approach taken by the company to mitigate those very
challenges.
Speaking at the conference, Company COO Dinesh Gulati said IndiaMART
has a strong presence in Tamil Nadu, it ranks 3rd in terms of total web-traffic
on the platform.
"What we have seen is that, owing to the recent construction projects
initiated by the government, most of IndiaMART customers in Tamil Nadu
are from the construction and real estate sectors. To cater to this growing
market, we have already established 13 channel partners and 6 branch
offices across the state including Chennai, Coimbatore, Madurai, Salem,
Erode, Tiruchirappalli and Tiruppur and we plan to expand its footprint in
the emerging markets”, he added.
IndiaMart Intermesh Ltd reported a 61% rise in its consolidated net profit
to Rs 112.8 crore for the 3rd Quarter ended December 31, 2022. It reported
a consolidated profit of Rs 70.2 crore in the October-December quarter a
year ago.
As per data, Its consolidated revenue from operations in the third quarter
rose 33.65% to Rs 251.4 crore against Rs 188.1 crore in the corresponding
period of the previous year.
UNI GV 1638
Please log in to get detailed story.
Tags: #IndiaMART to expand footprint in 4 new cities in TN
More News
Sensex up over 500 pts

Sensex up over 500 pts

23 Apr 2025 | 10:28 AM

Mumbai, Apr 23 (UNI) The BSE Sensex continued to climb on Wednesday too, advancing 509 pts at 80,104.00 in opening session as buying was seen across the board despite mixed trend in global market.

see more..
AP: Nepal delegation visits Visakhapatnam Port Authority

AP: Nepal delegation visits Visakhapatnam Port Authority

22 Apr 2025 | 9:33 PM

Visakhapatnam, Apr 22 (UNI) A five-member Nepal delegation led by Dr. Govind Prasad Sharma, Secretary, Ministry of Agriculture & Livestock Department, Government of Nepal, along with the Managing Director of Krishi Samagri Company Ltd., Nepal, and the Assistant CEO of Salt Trading Corporation Ltd., Nepal, visited Visakhapatnam Port Authority (VPA) on Tuesday.

see more..

Rs 32 50 lakh project for interior furnishing of Kochi cruise terminal gets nod

22 Apr 2025 | 7:43 PM

Thiruvananthapuram, Apr 22 (UNI) The Kerala Tourism Department has accorded Administrative Sanction for a Rs 32.50 lakh project for interior furnishing of the proposed passenger lounge at the International Cruise Terminal in Kochi.

see more..

Naveen Jindal welcomes 12 pc Safeguard Duty on steel lmport

22 Apr 2025 | 7:34 PM

Kaithal, Apr 22 (UNI) Naveen Jindal, President of the Indian Steel Association and Chairman of Jindal Steel and Power, has welcomed the decisive move to shield its domestic steel industry from a surge of low-priced imports.

see more..

Corporate funding in global solar sector declines YoY, but Indian scenario promising: Mercom

22 Apr 2025 | 7:02 PM

Kolkata, Apr 22 (UNI) Total corporate funding in the global solar sector reached $ 4.8 billion across 39 deals in Q1 2025 — a 41 per cent decline year-over-year (YoY) compared to $ 8.2 billion raised through 42 deals in Q1 2024.

see more..