- Business
- IndiaMART InterMESH Limited operates as India's largest online business-to-business (B2B) marketplace, connecting over 211 million buyers with 8.4 million suppliers across 119 million products and services spanning categories such as manufacturing goods, consumer products, industrial machinery, electronics, apparel, chemicals, automotive parts, and construction materials; the platform offers lead management systems, enhanced business visibility tools, brand credibility features, payment protection programs, instant payment solutions via Pay with IndiaMART, AI-driven matchmaking, multi-language search, voice assistants, ratings and reviews, and cloud-based applications for small and medium enterprises (SMEs), large enterprises, and individual buyers. Headquartered in Noida, India, and founded in 1999, the company primarily serves the Indian market with international reach, holding approximately 60% share of the online B2B classified space in India and employing over 6,100 people as of March 2025.
In recent developments, IndiaMART InterMESH Limited acquired a 10% stake in IDfy (Baldor Technologies), a SaaS provider for identity verification, for Rs 89.69 crore in May 2024 to bolster its software offerings; the company further invested in Fleetx Technologies Private Limited, an AI-powered logistics platform, through 2,921 compulsory convertible preference shares announced in May 2025, aligning with strategic expansions into technology-enabled services amid robust financial performance including 35% profit growth in Q1 FY26 and 12% revenue increase in Q2 FY26. These moves support ongoing enhancements in digital inclusion, financial access, and operational efficiency for its supplier and buyer networks.