IndiaMart opens new offices in Tamil Nadu
IndiaMart InterMesh Limited plans to bolster its footprint in Tamil Nadu and open offices in Kancheepuram, Tirunelveli, and Vellore. The business-to-business e-commerce retailer also plans to open an office in neighbouring Puducherry.
“IndiaMart has a strong presence in Tamil Nadu, it ranks third in terms of total web traffic on the platform,” said IndiaMart’s COO Dinesh Gulati, Indian Retailer Bureau reported. “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. 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.”
IndiaMart will recruit local people to work in its new offices, thus boosting employment opportunities in the state. The business also has plans to set up a customer service team in Chennai to better serve business customers in the area.
The new offices will cater to the growing demand for its products, according to the business. For the third quarter of the 2023 financial year, the business reported a consolidated net profit of Rs 112.8 crore, up from Rs 70.2 crore a year prior.
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