Ebits – IndiaMART records a 128-per cent rise in profits

A & M,

Indiamart.com which was launched in 1996, has recorded a 128-per cent rise in profits and 112-per cent growth in revenues over the last year. The company claims to have been profitable during all five years of its operations since 1996. The revenues have gone up from Rs 135.5 lakh to Rs 287 lakh. The company generates its revenues from multiple sources including development of online business catalogs, B2B auctions, web-based advertising, co-branded promotion and marketing campaigns, and development of e-business and e-commerce solutions for clients.

It has recently launched its B2B auction platform Auction.indiamart.com where member businesses can list their inventory for global buyers to bid upon. IndiaMART has also tied up with Yourimporter.com – a conglomerate of large US-based importers to host their import requirements on a co-branded platformquoteforum.indiamart.com inviting supply quotes from Indian exporters listed with IndiaMART.