New Delhi, 8th July: IndiaMART.com, India’s largest online B2B marketplace, says that it recorded a 40% growth in revenues for the financial year 2008-2009. The growth in revenues was due to a 52% increase in supplier registrations the company said.

“Our numbers speaks for themselves, while the whole world is busy hiding behind words like recession and economic downturn to conceal their poor performance, our teams have strived hard to keep the winning streak going,” said Dinesh Agarwal, CEO and founder of IndiaMART.com. The company does not, however, reveal the numbers to which it refers.

In a recent study done by the Internet and Mobile Association of India (IAMAI) on Information, Communication & Technology, IndiaMART.com says it was ranked India’s No. 1 online B2B marketplace with a market share of 60%.

Source:  IndiaMART.com press release   –  Courtesy BSG Hong Kong

BIIA Newsletter September 2009 Issue