Service Provider

25-Feb-2014
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2001
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Business Introduction

Overview
mjunction services limited operating at the cutting edge of Information Technology and the Internet, is a 50:50 venture promoted by SAIL and TATA Steel. Founded in February 2001, it is today not only India's largest eCommerce company (having eTransacted worth over Rs.1,60,000 crores till date) but also runs the world's largest eMarketplace for steel. The steel and coal supply chain in India has been transformed by mjunction, which has ushered in Efficiency, Transparency and Convenience to the way steel and coal, is bought and sold. Similar transformational change is being sought to be made in the automobile industry and in the sale of branded products with the launch of autojunction and straightline respectively.
Business volume of the company in terms of transaction value has soared from Rs 94.35 crore in FY'02 to Rs 41,134 crore in FY13, registering a CAGR of 74%.

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