- IndiaMART bags a gold award at the League of American Communications Professionals (LACP)
- IndiaMART stood at the 35th rank worldwide for its Annual Integrated Report
New Delhi. 1st December 2022. IndiaMART, India’s largest online B2B marketplace has been awarded Gold recognition at the global platform LACP 2022 Spotlight Awards for its Annual Integrated Report. The 2022 Spotlight Awards Annual Report Competition is organized by the League of American Communications Professionals LLC (LACP), USA to facilitate discussion on the best communication practices and to recognize those who demonstrate exemplary work. This Indian online marketplace received the gold award with Annual Report as its main category and Integrated Report as a sub-category with 98 points out of 100.
This year IndiaMART has bagged the spotlight by attaining the 35th rank worldwide and 5th rank in India. The Company’s Annual Integrated Report achieved a 100 percent score in 4 out of the total 6 parameters, which included First Impression, Overall Narrative, Overall Visual Design and Perceived Relevance.
The competition receives applications from more than 500 global companies spread across 4 continents. Moreover, the participants include 9 out of the top 10 Fortune 500 firms making it a huge success every year.
Speaking on the achievement, Dinesh Agarwal, Founder & CEO, IndiaMART said, “It is an honor to be recognized by the global platform of LACP. We believe that unambiguous communication and disclosure with the stakeholders is the key to delivering value and gaining business growth. We focused on delivering a prudent report that explains everything from our robust business model, our approach to financial management, the macro and micro factors affecting the business growth to the good governance being followed at the organization. The award is a testament to the clear thought and effort that we have put behind this report. It is an occasion for all of us to be in a revelry mood.”
IndiaMART is India’s largest online B2B marketplace, connecting buyers with suppliers. With a 60% market share of the online B2B Classified space in India, the channel focuses on providing a “360- degree solution” to Small & Medium Enterprises (SMEs), Large Enterprises as well as individuals. Founded in 1999, the company’s mission is ‘to make doing business easy’ and is trusted with 160 million buyers, 7.3 million sellers, and has 87 million products & services on its platform leading to ~40 million business enquiries every month. During FY-22, Company had consolidated revenue of INR 866 Crores and profit after tax of INR 298 Crores. The Company reported consolidated revenue of operations of Rs 241 Cr and consolidated EBITDA of Rs 67 Cr in Q2 FY23.
IndiaMART is known for transforming the dynamics of Indian businesses by providing them a one-stop solution to transform their business digitally and grow themselves by reaching their customers online. More details on IndiaMART can be accessed at https://corporate.indiamart.com.