Sunday, March 27, 2016

Dinesh Agarwal's IndiaMart






After acquiring a B.Tech degree in computer science from the Harcourt Butler Technological Institute, Kanpur, Dinesh Agarwal took up a job as systems analyst at HCL Technologies.
                                        
                                          

Finally, he settled on building a platform for businesses to display products via dedicated Web pages. He named the venture, IndiaMart InterMesh. The idea was to help the small and medium enterprises in the country market their products and services. Convincing customers to first buy computers, which, in turn, would help in the promotion of their business was quite a task.

As business started growing, he had to deal with several issues and the most irksome among these was looking for bigger office space. In 2007, he invested Rs 7 crore to purchase a two acre plot in Noida and build a new office. He has around 1 crore products and almost 15 lakh suppliers. In 2013-14, the company generated a turnover of around Rs 200 crore. The seed capital was only of 40,000 INR.


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