Latest news with #IndiaMART
The Hindu
a day ago
- The Hindu
Sale of scheduled drugs through online portal, IndiaMART, curbed: T.N. police
The illegal sale of scheduled drugs through a leading online portal has been curbed after stringent action was taken, the Tamil Nadu police said. Last April, as part of the drive against narcotics and other banned substances, Kancheepuram police had issued notices to IndiaMART InterMESH Limited, an online portal, and its directors for having facilitated many youth across the State to buy scheduled drugs illegally. This follows the arrest of at least 10 youth who procured the scheduled drugs through the portal and the seizure of more than 10,000 tablets in Sriperumbudur and Oragadam in Kancheepuram district. They had procured the drugs without prescription from medical shops in other States, and sold them in Tamil Nadu. The police said IndiaMART was being used by thousands of youths across the country to procure scheduled drugs, which are otherwisenot allowed to be sold without proper medical advice. Notices were issued under Section 35 of Bharatiya Nagarik Suraksha Sanhita to the directors to appear before the Kancheepuram police. Asra Garg, Inspector-General of Police, North, said, 'When their senior representative met us recently, we told them categorically that their portal was being used by gullible youth in Tamil Nadu and other States for the procurement of scheduled drugs, and that something must be done in public interest.' K. Shanmugam, Superintendent of Police, Kancheepuram District, said the pharmaceutical shops from other States, which were hosted on IndiaMART platform, contacted youth from Tamil Nadu, who searched for the drugs, through WhatsApp/Instagram. They then sold them at prices several times the MRP. They delivered the supplies through courier companies by providing fake addresses to hide the recipients' identities. Shreya Gupta, Superintendent of Police, Tirupattur District, who was a part of this investigation, said: 'IndiaMART was being misused by some greedy pharma shops in other States, who used it against the youth in Tamil Nadu. A couple of months ago, a youth in north Chennai died after injecting a drug purchased through the platform. Mr. Garg said, 'IndiaMART understood the issue and sent us an official email, confirming that they have completely banned around 100 such drugs from their platform. No illegal sale of drugs through their portal has been reported in the recent days, which is a welcome step and a milestone in our fight against drugs/narcotics.'
United News of India
28-05-2025
- Business
- United News of India
IndiaMART reiterates shopping with trust through Kaam Yahin Banta Hai campaign
New Delhi, May 28 (UNI) Enabling customers with a plethora of benefits from selection to convenience, India's largest online B2B marketplace - IndiaMART, launched 'Kaam Yahin Banta Hai' campaign here on Wednesday. The campaign premise showcases benefits such as a large variety, convenience, and the best prices, all of these with unparalleled trust that buyers can expect on the platform. With approximately 40% GST-verified trusted sellers, 8 million+ reviews and ratings for products, and a 4.8 Play Store app rating, 20+ crore registered buyers shop with confidence on the IndiaMART platform today and fulfil their business requirements. Taking a unique approach, the campaign series features three ad films creating a fun banter between a father-son duo and how IndiaMART swoops in to save the day. The father, a seasoned businessman accustomed to traditional sourcing and trading, is shown grappling with everyday business challenges such as arranging bulk quantities at the best prices or finding reliable suppliers. On the other hand, the son, a young, tech-savvy entrepreneur, finds better options, such as IndiaMART, to meet the business requirements easily at affordable prices. Each time, he confidently places a bet with the father - stating Lagi Shart?, a relatable expression to state a confident and a playful dare, showcasing the trustworthiness of IndiaMART. Winning the Shart everytime, the series reflects how every buyer-seller interaction is backed by trust, reliability and security, truly getting the business done. Leading the marketing vertical at IndiaMART, Dinesh Gulati, COO, stated, 'At IndiaMART, our mission is to 'make doing business easy' and democratize business opportunities for all. Kaam Yahin Banta Hai campaign iterates this commitment among our customers and showcases how moving from traditional methods to digital platforms like ours can genuinely make things easier. The campaign captures the essence of what we do every day, where trust is an implicit guarantee cutting across all interactions. UNI XC GNK 1317
Business Upturn
09-05-2025
- Business
- Business Upturn
IndiaMART acquires full stake in Livekeeping Technologies for Rs 26.78 crore
By News Desk Published on May 9, 2025, 08:03 IST IndiaMART InterMESH Limited has announced the acquisition of the remaining stake in Livekeeping Technologies Private Limited, making it a wholly owned subsidiary, the company informed in a regulatory filing on May 8, 2025. The company has purchased 5,235 equity shares of face value ₹10 each at a premium of ₹51,135 per share from the promoters of Livekeeping, amounting to a total cash consideration of approximately ₹26.78 crore. Livekeeping Technologies, headquartered in Delhi, provides value-added digital integration services for on-premise accounting software like Tally. Its platform enables businesses to sync desktop-based accounting data to the cloud, offering real-time access to sales, receivables, and payment details via mobile and web applications. The acquisition is in line with IndiaMART's broader strategy to strengthen its portfolio of SaaS-based offerings for businesses. The company stated that this move supports its long-term objectives in the digital accounting and business services space. As per the filing, Livekeeping's revenue stood at ₹2.35 crore in FY25, up from ₹45 lakh in FY24 and ₹18 lakh in FY23. The transaction does not fall under related party transactions, and the promoters of IndiaMART have no direct interest in the deal. With this transaction, IndiaMART now holds 100% equity in Livekeeping Technologies. Disclaimer: This article is for informational purposes only. Business Upturn does not provide investment advice or stock recommendations. Please consult a qualified financial advisor before making investment decisions. News desk at
Time of India
30-04-2025
- Time of India
Businessman duped of Rs 8.8 lakh in the name of distributorship
Lucknow: A Barabanki-based businessman alleged that he was cheated of Rs 8.82 lakh by a group of individuals who lured him with the promise of a distributorship for edible oils and later delivered substandard products. The incident was reported from the Bijnor police station area of Lucknow, and a case was registered following the victim's complaint. According to police officials, the complainant, Shakti Kumar Gupta, was looking to expand his business through an online B2B platform, IndiaMART, when he was contacted in Feb this year by a woman identifying herself as Shalini Srivastava, an employee of a private company. Shalini claimed her office was based in the Bijnor locality of Lucknow and offered Shakti a distributorship for mustard and refined oil products. Soon after, Gupta was contacted by two more individuals — the company's alleged managing director Mitrasen Yadav and sales manager Anand Yadav — who convinced him to invest in the venture, assuring high-quality supply and guaranteed returns. Trusting their claims, Shakti paid a total of Rs 8.82 lakh to the firm. However, the complainant later received only a partial shipment of oil worth Rs 2.93 lakh, which he found to be of poor quality and unsellable. When he demanded a refund or compensation, the accused allegedly began evading his calls. Shakti finally approached the police and lodged a formal complaint. ACP Krishnanagar Vikas Kumar Pandey confirmed that an FIR was registered against the trio — Mitrasen Yadav, Anand Yadav, and Shalini Srivastava.
Time of India
30-04-2025
- Business
- Time of India
IndiaMART Q4 net profit rises 81% to Rs 181 crore; revenue grows 13%
New Delhi: IndiaMART InterMESH, on Tuesday, has reported a 13 per cent year-on-year growth in consolidated revenue from operations to Rs 355 crore for the quarter ended March 31, 2025 (Q4 FY25), driven by an improvement in realizations from paying suppliers. The company's net profit jumped 81 per cent to Rs 181 crore, with margins holding strong at 39 per cent, while consolidated EBITDA rose to Rs 131 crore, reflecting a 37 per cent margin for the quarter, according to a regulatory filing. The B2B marketplace also reported Rs 541 crore in customer collections, up 12 per cent YoY, and Rs 271 crore in cash flow from operations during the quarter. Deferred revenue stood at Rs 1,678 crore, a 17 per cent rise from the previous year, indicating strong future revenue visibility. The platform registered 27 million unique business enquiries in the quarter, a 10 per cent increase over the previous year. Supplier storefronts grew 6 per cent YoY to 8.4 million, while paying suppliers rose to 2.17 lakh, marking a net addition of 2,100 during the quarter. For the full fiscal year 2024–25, IndiaMART reported consolidated revenue from operations of Rs 1,388 crore, up 16 per cent YoY. Net profit stood at Rs 551 crore, a 65 per cent increase, while EBITDA rose 58 per cent to Rs 523 crore, with a margin of 38 per cent. The company's board has recommended a final dividend of Rs 30 per share and a special dividend of Rs 20 per share, aggregating to Rs 50 per share for FY25. Dinesh Agarwal, MD & CEO, IndiaMART, said, 'We are happy to close the financial year with continued growth in customers, revenue and cash flows while maintaining healthy margins in the business. Backed by a robust business model and a clear strategic vision, we are well positioned to capitalize on the rapid pace of digital adoption across the business landscape.'
