Indiamart Intermesh Share Price Live

History

Indiamart Intermesh Limited was incorporated as a public limited company on September 13, 1999. The company connects buyers and suppliers across product categories and geographies in India. It is an e-marketplace for business needs, acting as an interactive hub for domestic and international buyers and suppliers. 

In 2003, the company launched TrustSEAL certificate and logo for documentary verification of suppliers. Over the following years, it shifted its focus from exports to domestic business. In 2009, it launched BuyLead which is a request for quote (RFQ) feature. In 2012, the company launched its own website and mobile app. In the following year, it launched the Price Discovery Service. 

In 2015, Indiamart began the behavioural matchmaking feature for better fulfilment of leads. The following year, it implemented its Mobile Enterprise Resource planning (ERP) system. In 2017, Indiamart launched its own payment protection and facilitation system. The company went public on July 4, 2019. In the same year, it introduced the order management system named ‘Pooraa’. In 2020, the company also introduced supplier ratings and reviews, as well as the new distribution management system named ‘Bizom’.

Business Segments

The company has only one business segment. This is the B2B e-marketplace, acting as an interactive hub for both domestic and international buyers and suppliers. Nearly all of the company’s revenue comes from India.

As of Q1FY24, the Indiamart website has over 98 million product listings from 56 different industries. They are thus one of the most diversified marketplaces in India. No single industry accounts for greater than 8% of the total paying suppliers. Construction and building raw material is the largest category in the marketplace and covers around 8% of it.

As of FY23, the buyers and paying subscription suppliers are spread across as under:

• Metro cities constitute 31% of Buyers and 54% of sellers.
• Tier II cities constitute 25% of buyers and 28% of sellers.
• Rest of India contributes 44% of the buyers and 18% of sellers.

Subsidiaries

The company’s subsidiaries include:

1. Tolexo Online Private Limited – Tolexo builds cloud-based solutions for SME businesses to make their management more efficient.
2. Tradezeal Online Private Limited – The company is dedicated to carrying out strategic investments in line with the company’s long-term objective of offering various B2B SaaS solutions.
3. Pay with IndiaMART Private Limited – PWIPL builds electronic payment facilitation mechanisms.
4. HelloTrade Online Private Limited – HTOPL is currently not actively engaged in any business is,though it is authorised to engage in various businesses.

Key Personnel

Dinesh Chandra Agarwal, Managing Director and Chief Executive Officer

Before Indiamart, Mr. Agarwal had worked with Hindustan Management and Technical Services Private Limited, HCL America, Inc., HCL Limited, HCL Hewlett-Packard Limited, Centre for Development of Telematics (C-Dot) and CMC Limited. He is a member of the Governing Council of Internet and Mobile Association of India (IAMAI) from 2015.

Corporate Actions

The company has conducted the following corporate actions:

Bonus Shares

The company issued bonus shares in the ratio of 1:1, with a record date of June 21, 2023.

Buyback of Shares

• The company performed a buyback of shares with a record date of May 11, 2023.
• The company performed a buyback of shares with a record date of August 25, 2023.

Mergers and Acquisitions

• The company acquired Busy Accounting Software and Livekeeping – a Tally on Mobile application during the year 2023.
• During FY 2023, the company, indirectly through its wholly-owned subsidiary Tradezeal Online Private Limited, acquired 26.01% share capital of Realbooks.
• In FY 2023, the company acquired 51.09% of the paid-up capital of Livekeeping.
• In FY 2022, the company acquired 100% of the Paid-Up Capital of Busy Infotech.
• In FY 2020, the company acquired a 26% stake in Vyapar, a mobile-based accounting software for small businesses.