The IndiaMART Journey
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Dinesh’s journey began just after his graduation. He started working for CMC and then C-Dot. After a short stint in India, he joined HCL technologies and moved to the US in 1992, which was the ultimate goal of tech graduates in the early 90s. However, the day India announced the launch of the Internet on August 15, 1995; he decided to quit his job with HCL Technologies and move back home to build something of his own.
Upon returning to India, he started his entrepreneurial journey from a house in Patparganj, Delhi, in 1996.
From 1996 to 2009, IndiaMART was an export-oriented business. After 9/11, the business pivoted towards Indian MSMEs, with deeper base in Tier 1 and 2 cities. Today it has profusely penetrated not only Tier-III and IV cities but rural India as well, with around 60% market share of the online B2B marketplace. The company has its roots in all the major cities and towns across the country with customers from all around the world.
Today, the company has 219 million registered buyers, 8.6Mn suppliers who display about 124 million products, democratizing marketing for SMEs and creating a level playing field everyday.
The IndiaMART Initial Public Offer (IPO) was launched on June 24, 2019, and it was oversubscribed 36 times over, denoting the value and goodwill the company has in the minds of people. Today, due to the relentless efforts of Dinesh, IndiaMART, a 29-year-old company that was set up at the height of the ‘dot com’ boom and went on to survive the bust, has now become one of the most valued brands in the country.
After the IPO, IndiaMART has expanded its business presence even further, with thousands of big brands now listing their businesses on the platform.
From the very beginning, Dinesh wanted to create a long-lasting legacy, ‘a forever company’ in which he stupendously succeeded.