IndiaMART InterMESH to Expand Footprint in Pondy

Online B2B marketplace provider IndiaMART InterMESH Ltd has drawn up plans to strengthen its footprint by foraying into three cities in Tamil Nadu, besides setting up an office in neighboring Puducherry.

The company as part of its expansion plans would recruit local people for the new offices while a customer service team would also be set up in Chennai to serve the customers, the company said.

IndiaMART InterMESH Ltd is all set to expand its footprint in Tamil Nadu with new offices in Kancheepuram, Tirunelveli, Vellore, and Puducherry to cater to the growing demand on its platform.

"IndiaMART has a strong presence in Tamil Nadu, it ranks 3rd in terms of total web traffic on the platform. What we have seen is that owing to the recent construction projects initiated by the government, most of IndiaMART customers in Tamil Nadu are from the construction and real estate sectors," said Dinesh Gulati, COO.

"To cater to this growing market, we have already established 13 channel partners and six branch offices across the state including Chennai, Coimbatore, Madurai, Erode, Tiruchirappalli, and Tirupur and we plan to expand its footprint in the emerging markets," he noted.

IndiaMART Intermesh Ltd reported a consolidated net profit at Rs 112.8 crore for the quarter ending December 31, 2022, from Rs 70.2 crore registered in the corresponding quarter of the previous year. Revenue, on a consolidated basis, grew to Rs 251.4 crore as against Rs 188.1 crore registered in the same period of last year, the company said.