- Valuation
- ₹14,230 Cr

About IndiaMART
IndiaMART is a publicly listed company based in Noida (India) founded in 1999 by Brijesh Agrawal, Dinesh Agarwal, and Brijesh Agarwal. Online B2B marketplace connecting buyers and suppliers of diverse industrial products. IndiaMART has raised $38.2 million across 9 funding rounds from investors including Intel, WestBridge Capital and Accion. The company has 6,222 employees. IndiaMART has completed 4 acquisitions, including BUSY Software, Finlite Technologies and Livekeeping. IndiaMART was last valued at $109.94 million in March 2017. Its chief executive, as recorded, is Dinesh Agarwal. Its website indiamart.com draws about 54.4 million monthly visits. Its Indian entity Indiamart Intermesh Limited reported revenue of βΉ1,773 Cr. Its focus areas include B2B E-Commerce, Horizontal and Marketplace. Its competitors include Udaan, Solv and ProcMart; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 1999 and based in Noida, India, IndiaMART operates as an online B2B platform where transactions are facilitated between buyers and suppliers across categories including building materials, electronics, pharmaceuticals, industrial equipment, apparel, chemicals, and logistics. Leads are generated, verified sellers are accessed, and trust is supported through payment protection and supplier verification services.
Recognitions & Rankings of IndiaMART
- Headquarters Noida, India
- Employees 6,222
- Founders Brijesh Agrawal, Dinesh Agarwal, Brijesh Agarwal
- Stage Public
- SectorsRetail
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website indiamart.com
- Social LinkedIn X Facebook
- Legal Name Indiamart Intermesh Ltd.
- Market Cap₹9,833 Cr
INDIAMART · NSE
- Share Price₹1,607.20
-1.70% today
- Revenue₹1,569 Cr
FY 2025-26 · +13.0% YoY
- EBITDA₹475 Cr
Margin 30.3%
- Net Profit₹475 Cr
FY 2025-26 · -10.1% YoY
- P/E (TTM)18.5x
P/B 4.0x
- ROE20.7%
ROCE 21.4%
- Debt / Equity0.01
Interest cover 0.7x
- Total Equity Funding$38.2M (USD)
in 9 rounds
- InvestorsIntel
& 5 more
- Employee Count6,222
- Investments & AcquisitionsBUSY Software
& 3 more
Associated legal entities of IndiaMART
IndiaMART is associated with 8 registered companies on The Company Check; the primary company is Indiamart Intermesh Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indiamart Intermesh Limited Listed CIN L74899DL1999PLC101534 | Active | 13 Sep 1999 | New Delhi, Delhi | ₹1,773 Cr | 3,793 | 10 | View details |
| Dawer Poly Solutions Private Limited CIN U25209DL2017PTC321014 | Active | 21 Jul 2017 | New Delhi, Delhi | ₹8.8 Cr | 2 | View details | |
| Aadishri Synthetic Private Limited CIN U17299DL2018PTC337969 | Active | 29 Aug 2018 | New Delhi, Delhi | ₹49.8 Cr | 4 | View details | |
| Vanshika Communication Private Limited CIN U52609UP2017PTC093948 | Active | 08 Jun 2017 | Meerut, Uttar Pradesh | ₹29.1 Cr | 3 | View details | |
| Bds Decor And Prefab Private Limited CIN U74210CH2000PTC023892 | Active | 14 Aug 2000 | Chandigarh, Chandigarh | ₹26.0 Cr | 1 | 2 | View details |
| Vasudha Colours Private Limited CIN U80221KA1985PTC007051 | Active | 30 Jul 1985 | Bangalore, Karnataka | ₹12.6 Cr | 21 | 6 | View details |
| Gyanti Multiservices Private Limited CIN U15549UP2016PTC088333 | Active | 14 Dec 2016 | Gorakhpur, Uttar Pradesh, India | View details | |||
| Hello Trade Online Private Limited CIN U51909HR2008PTC120183 | Amalgamated | 03 Jul 2008 | Haryana, India | View details |
Apps and channels of IndiaMART
IndiaMART publishes 2 mobile apps with over 10M+ downloads.
Funding Insights of IndiaMART
IndiaMART has successfully raised a total of $38.2M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $38.2M
- Total Rounds 9
- First Round $3.44M
(Mar 2007)
- Investors Count 6
All 9 funding rounds of IndiaMART with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | Post-IPO | β | β | β | |
| Mar 2017 | $1.74M | Series C | $109.94M | Amadeus Capital, Accion | |
| Jan 2016 | $22.25M | Series C | $198.08M | Amadeus Capital | |
| Jun 2012 | $593,316 | Grant | β | β | |
| Mar 2011 | $235,495 | Series D | β | β | β |
| Jan 2010 | $646,868 | Series C | β | β | β |
| Aug 2009 | $72,347 | Angel Round | β | β | β |
| Nov 2008 | $9.81M | Series B | $β’β’β’β’β’ | Intel | β |
| Mar 2007 | $3.44M | Series A | $β’β’β’β’β’ | β |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2017 | $109.94M | β’β’β’β’β’β’β’β’ |
| Jan 2016 | $198.08M | β’β’β’β’β’β’β’β’ |
| Nov 2008 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
| Mar 2007 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
Full valuation and stage history of IndiaMART
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $109.94M (Mar 2017). 6 investors in total: 6 institutional.
Investors in IndiaMART
IndiaMART has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Intel, WestBridge Capital and Accion.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage deep technology investments are made by Amadeus Capital. | amadeuscapital.com | London, United Kingdom | ||
Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology. | 2000 | westbridgecap.com | Quatre Bornes, Mauritius | |
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Foundation focused on early-stage investments in fintech sector | 1961 | accion.org | ||
Semiconductor ICs and microprocessors are designed and manufactured. | 1968 | intel.com | Santa Clara, United States | |
| hhs.gov |
Investor details for IndiaMART
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Indiamart Intermesh Limited (IndiaMART)
Indiamart Intermesh Limited is the primary company behind IndiaMART. The boards of the 6 registered companies of IndiaMART currently have 25 directors; the longest-serving is Dinesh Chandra Agarwal, appointed in 1999. 30 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dinesh Chandra Agarwal DIN 00191800 | Managing Director | 13 Sep 1999 | 27 yrs 1 mo | Indiamart Intermesh Limited |
| Brijesh Kumar Agrawal DIN 00191760 | Whole-time director | 13 Sep 1999 | 27 yrs 1 mo | Indiamart Intermesh Limited |
| Nageswari Rajendran DIN 00483212 | Director | 08 Sep 2001 | 25 yrs 2 mo | Vasudha Colours Private Limited |
| Padmanabha Rajendran DIN 00418416 | Director | 08 Sep 2001 | 25 yrs 2 mo | Vasudha Colours Private Limited |
| Pathalam Sukumar Sumanth DIN 02399683 | Whole-time director | 03 Oct 2003 | 23 yrs 1 mo | Vasudha Colours Private Limited |
| Manoj Kumar Rana DIN 07836781 | Director | 08 Jun 2017 | 9 yrs 5 mo | Vanshika Communication Private Limited |
| Ankit Singh DIN 07837708 | Director | 08 Jun 2017 | 9 yrs 5 mo | Vanshika Communication Private Limited |
| Sahil Dawer DIN 07871731 | Director | 21 Jul 2017 | 9 yrs 3 mo | Dawer Poly Solutions Private Limited |
| Paras Dawer DIN 07872059 | Director | 21 Jul 2017 | 9 yrs 3 mo | Dawer Poly Solutions Private Limited |
| Vivek Narayan Gour DIN 00254383 | Director | 30 Apr 2018 | 8 yrs 6 mo | Indiamart Intermesh Limited |
| Preethi Pathalam Sumanth DIN 08158043 | Director | 18 Jun 2018 | 8 yrs 4 mo | Vasudha Colours Private Limited |
| Kavya Rajendran DIN 08158041 | Director | 18 Jun 2018 | 8 yrs 4 mo | Vasudha Colours Private Limited |
| Kulithalai Lakshminarasimhan Sabareesh DIN 08158048 | Director | 18 Jun 2018 | 8 yrs 4 mo | Vasudha Colours Private Limited |
| Harmanik Singh Anand DIN 02640964 | Director | 14 Aug 2018 | 8 yrs 2 mo | Bds Decor And Prefab Private Limited |
| Gurleen Kaur DIN 07286723 | Director | 14 Aug 2018 | 8 yrs 2 mo | Bds Decor And Prefab Private Limited |
| Manish Jain DIN 07987593 | Director | 29 Aug 2018 | 8 yrs 2 mo | Aadishri Synthetic Private Limited |
| Amar Chand Jain DIN 03516696 | Director | 29 Aug 2018 | 8 yrs 2 mo | Aadishri Synthetic Private Limited |
| Rajni Jain DIN 07957607 | Director | 29 Aug 2018 | 8 yrs 2 mo | Aadishri Synthetic Private Limited |
| Arti Jain DIN 08211155 | Additional Director | 30 Aug 2018 | 8 yrs 2 mo | Aadishri Synthetic Private Limited |
| Anit Rana DIN 09425735 | Additional Director | 07 Dec 2021 | 4 yrs 11 mo | Vanshika Communication Private Limited |
| Pallavi Dinodia Gupta DIN 06566637 | Director | 20 Oct 2022 | 4 yrs | Indiamart Intermesh Limited |
| Manoj Bhargava DIN 08267536 | Whole-time director | 21 Jan 2025 | 1 yr 9 mo | Indiamart Intermesh Limited |
| Manish Vij DIN 00505422 | Director | 21 Jan 2025 | 1 yr 9 mo | Indiamart Intermesh Limited |
| Sandeep Kumar Barasia DIN 01432123 | Director | 29 Apr 2025 | 1 yr 6 mo | Indiamart Intermesh Limited |
| Vasuta Agarwal DIN 07480674 | Director | 18 Jul 2025 | 1 yr 3 mo | Indiamart Intermesh Limited |
People of IndiaMART
319 people are tracked at IndiaMART (67 in leadership, 252 in team); the tracked headcount is 6,222.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Brijesh Agarwal | Co-Founder & Director | Leadership |
Nikhil Prabhakar | CIO | Leadership |
Amarinder Dhaliwal | CPO | Leadership |
Pankaj Agrawal | Assistant Vice President, Products | Leadership |
Dinesh Gulati | Chief Operating Officer | Leadership |
| MD & CEO | Leadership | |
Amarinder Singh Dhaliwal | Chief Product Officer | Leadership |
Madhup Agrawal | National Head Process Excellence | Leadership |
Pratik Ahuja | Vice President, Consumer Strategy | Leadership |
Naveen Kumar H N | Branch Head | Leadership |
Puneet Agarwal | Vice President | Leadership |
Devendra Singh | Sr VP - Product | Leadership |
Vaibhav Kohli | Vice President Client Services | Leadership |
Atul Sikrai | Senior Vice President | Leadership |
Samarendra Pratap | VP Product Management | Leadership |
Abhishek Thard | SVP - National Head Client Servicing | Leadership |
Sudhir Gupta | Sr. Vice President Finance & Accounts | Leadership |
Ravi Shekhar Agrawal | VP Product Management | Leadership |
299 more people are available in the full profile.
Complete people profiles for IndiaMART
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of IndiaMART
IndiaMART is a publicly listed company on the NSE with ticker symbol INDIAMART in India, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date04 Jul 2019
- Listed onNSE: INDIAMART · BSE: 542726
- Listed entityIndiaMART InterMESH Ltd.
- Exchange sectorRetail trade
- ISININE933S01016
- Share price₹1,616.50 (+0.17% on the day) · 2026-10-14
- Market capitalisation₹9,713 Cr
- Price to earnings19.7
- EPS (diluted, trailing year)₹81.85
- Dividend yield1.86%
- Volume (last session)26,032
Financials of IndiaMART
Exchange-reported figures of Indiamart Intermesh Limited, the listed company behind IndiaMART (NSE: INDIAMART).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,569 | 1,388 | 1,197 | 985 | 753 | 670 | 639 |
| Revenue growth | +13.0% | +16.0% | +21.5% | +30.8% | +12.5% | +4.8% | - |
| EBITDA | 475 | 474 | 289 | 230 | 296 | 326 | 167 |
| EBITDA margin | +30.3% | +34.1% | +24.2% | +23.3% | +39.2% | +48.6% | +26.2% |
| Profit before tax | 648 | 706 | 454 | 371 | 390 | 389 | 211 |
| Net profit | 475 | 528 | 335 | 283 | 297 | 279 | 147 |
| Net profit margin | +30.3% | +38.0% | +28.0% | +28.7% | +39.5% | +41.7% | +23.1% |
| EPS (βΉ) | 79.00 | 91.78 | 55.71 | 92.82 | 97.41 | 92.29 | 51.04 |
| Balance sheet | |||||||
| Total assets | 3,214 | 2,875 | 2,350 | 2,580 | 2,285 | 1,960 | 648 |
| Net worth | 2,400 | 2,185 | 1,736 | 2,058 | 1,874 | 1,611 | 275 |
| Total debt | 23.10 | 33.04 | 40.67 | 45.91 | 56.28 | 63.42 | 76.51 |
| Cash & bank | 91.20 | 84.39 | 101 | 58.28 | 76.82 | 77.73 | 23.86 |
| Net working capital | (1,191) | (1,064) | (908) | (753) | (509) | (363) | (427) |
| Cash flow | |||||||
| Cash from operations | 694 | 623 | 559 | 476 | 402 | 322 | 261 |
| Cash from investing | (347) | (486) | 162 | (324) | (335) | (1,338) | (233) |
| Cash from financing | (340) | (148) | (695) | (143) | (57.52) | 1,038 | (51.30) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 429 | 414 | 404 | 402 | 391 | 372 | 355 | 354 |
| Revenue growth (YoY) | +9.6% | +11.4% | +13.9% | +13.4% | +12.5% | +12.3% | - | - |
| Other income | (7.60) | 107 | (33.90) | 135 | 10.20 | 92.40 | 109 | 44.90 |
| EBITDA | 144 | 132 | 120 | 120 | 116 | 119 | 119 | 124 |
| EBITDA margin | +33.6% | +31.8% | +29.7% | +29.8% | +29.7% | +32.1% | +33.6% | +35.1% |
| Depreciation | 6.40 | 6.40 | 7.00 | 7.30 | 7.20 | 6.90 | 8.30 | 8.30 |
| Interest | 0.50 | 0.50 | 0.60 | 0.70 | 0.70 | 1.00 | 1.70 | 1.80 |
| Profit before tax | 129 | 232 | 78.40 | 247 | 119 | 204 | 218 | 159 |
| Tax | 38.60 | 59.50 | 28.20 | 58.70 | 35.90 | 50.40 | 37.50 | 38.00 |
| Net profit | 90.80 | 172 | 50.20 | 188 | 82.70 | 154 | 181 | 121 |
| EPS (βΉ) | 15.05 | 28.56 | 8.33 | 31.24 | 13.71 | 25.52 | 30.06 | 20.13 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,443 | 1,320 | 1,139 | 939 | 751 | 665 | 624 |
| Revenue growth | +9.3% | +15.9% | +21.3% | +25.1% | +12.9% | +6.7% | - |
| EBITDA | 520 | 513 | 334 | 256 | 312 | 333 | 166 |
| EBITDA margin | +36.1% | +38.9% | +29.3% | +27.3% | +41.6% | +50.1% | +26.6% |
| Profit before tax | 694 | 773 | 475 | 345 | 403 | 396 | 210 |
| Net profit | 525 | 598 | 362 | 276 | 310 | 286 | 152 |
| Net profit margin | +36.4% | +45.3% | +31.8% | +29.4% | +41.2% | +43.0% | +24.4% |
| EPS (βΉ) | 87.41 | 101.20 | 60.42 | 89.01 | 101.41 | 94.57 | 50.63 |
| Balance sheet | |||||||
| Total assets | 3,310 | 2,934 | 2,342 | 2,549 | 2,303 | 1,966 | 647 |
| Net worth | 2,542 | 2,276 | 1,770 | 2,064 | 1,892 | 1,617 | 274 |
| Total debt | 23.10 | 33.04 | 40.67 | 45.91 | 56.28 | 63.42 | 76.51 |
| Cash & bank | 77.38 | 68.94 | 81.37 | 50.28 | 72.56 | 72.61 | 19.77 |
| Net working capital | (1,141) | (1,021) | (898) | (741) | (513) | (368) | (430) |
| Cash flow | |||||||
| Cash from operations | 668 | 614 | 545 | 464 | 407 | 326 | 264 |
| Cash from investing | (347) | (492) | 181 | (316) | (339) | (1,343) | (236) |
| Cash from financing | (313) | (135) | (695) | (143) | (57.50) | 1,038 | (51.30) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 389 | 376 | 368 | 368 | 360 | 346 | 336 | 337 |
| Revenue growth (YoY) | +8.0% | +8.6% | +9.7% | +9.1% | +8.6% | +9.8% | - | - |
| Other income | (8.60) | 88.10 | (33.90) | 132 | 8.00 | 84.40 | 148 | 22.90 |
| Total expenses | 233 | 227 | 234 | 232 | 245 | 212 | 203 | 193 |
| EBITDA | 156 | 149 | 135 | 136 | 115 | 135 | 133 | 144 |
| EBITDA margin | +40.2% | +39.7% | +36.6% | +37.0% | +31.9% | +38.9% | +39.5% | +42.7% |
| Depreciation | 2.60 | 2.60 | 3.20 | 3.60 | 3.60 | 3.50 | 5.00 | 5.10 |
| Interest | 0.60 | 0.50 | 0.60 | 0.60 | 0.70 | 0.80 | 0.90 | 0.90 |
| Profit before tax | 145 | 234 | 96.90 | 264 | 119 | 215 | 275 | 161 |
| Tax | 38.30 | 58.20 | 27.30 | 58.00 | 35.20 | 48.80 | 43.60 | 36.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 429 | 414 | 404 | 402 | 391 | 372 | 355 | 354 |
| Revenue growth (YoY) | +9.6% | +11.4% | +13.9% | +13.4% | +12.5% | +12.3% | - | - |
| Other income | (7.60) | 107 | (33.90) | 135 | 10.20 | 92.40 | 109 | 44.90 |
| EBITDA | 144 | 132 | 120 | 120 | 116 | 119 | 119 | 124 |
| EBITDA margin | +33.6% | +31.8% | +29.7% | +29.8% | +29.7% | +32.1% | +33.6% | +35.1% |
| Depreciation | 6.40 | 6.40 | 7.00 | 7.30 | 7.20 | 6.90 | 8.30 | 8.30 |
| Interest | 0.50 | 0.50 | 0.60 | 0.70 | 0.70 | 1.00 | 1.70 | 1.80 |
| Profit before tax | 129 | 232 | 78.40 | 247 | 119 | 204 | 218 | 159 |
| Tax | 38.60 | 59.50 | 28.20 | 58.70 | 35.90 | 50.40 | 37.50 | 38.00 |
| Net profit | 90.80 | 172 | 50.20 | 188 | 82.70 | 154 | 181 | 121 |
| EPS (βΉ) | 15.05 | 28.56 | 8.33 | 31.24 | 13.71 | 25.52 | 30.06 | 20.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,569 | 1,388 | 1,197 | 985 | 753 | 670 | 639 |
| Revenue growth | +13.0% | +16.0% | +21.5% | +30.8% | +12.5% | +4.8% | - |
| Other income | 204 | 272 | 211 | 181 | 112 | 86.58 | 68.59 |
| Total expenses | 1,094 | 915 | 908 | 755 | 458 | 344 | 472 |
| Employee cost | 693 | 601 | 544 | 425 | 268 | 205 | 267 |
| EBITDA | 475 | 474 | 289 | 230 | 296 | 326 | 167 |
| EBITDA margin | +30.3% | +34.1% | +24.2% | +23.3% | +39.2% | +48.6% | +26.2% |
| Depreciation | 28.45 | 32.94 | 36.46 | 31.08 | 11.95 | 16.07 | 21.15 |
| Interest | 2.98 | 7.41 | 8.91 | 8.15 | 5.40 | 6.66 | 3.28 |
| Profit before tax | 648 | 706 | 454 | 371 | 390 | 389 | 211 |
| Tax | 173 | 155 | 120 | 87.45 | 92.83 | 110 | 64.04 |
| Net profit | 475 | 528 | 335 | 283 | 297 | 279 | 147 |
| Net profit margin | +30.3% | +38.0% | +28.0% | +28.7% | +39.5% | +41.7% | +23.1% |
| EPS (βΉ) | 79.00 | 91.78 | 55.71 | 92.82 | 97.41 | 92.29 | 51.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 60.08 | 60.01 | 59.95 | 30.58 | 30.55 | 30.32 | 28.88 |
| Reserves & surplus | 2,340 | 2,125 | 1,676 | 2,028 | 1,844 | 1,581 | 246 |
| Shareholders' funds (net worth) | 2,400 | 2,185 | 1,736 | 2,058 | 1,874 | 1,611 | 275 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 23.10 | 33.04 | 40.67 | 45.91 | 56.28 | 63.42 | 76.51 |
| Total debt | 23.10 | 33.04 | 40.67 | 45.91 | 56.28 | 63.42 | 76.51 |
| Total liabilities | 3,214 | 2,875 | 2,350 | 2,580 | 2,285 | 1,960 | 648 |
| Assets | |||||||
| Gross block | 658 | 652 | 644 | 630 | 106 | 106 | 118 |
| Net block | 494 | 515 | 536 | 553 | 56.07 | 65.07 | 85.63 |
| Capital work in progress | 0.00 | 0.47 | 0.50 | 0.18 | 0.18 | 0.18 | 0.18 |
| Investments | 3,792 | 3,453 | 2,746 | 2,784 | 2,722 | 2,254 | 901 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 5.50 | 3.97 | 4.78 | 7.06 | 1.33 | 1.25 | 1.68 |
| Cash & bank balances | 91.20 | 84.39 | 101 | 58.28 | 76.82 | 77.73 | 23.86 |
| Loans & advances | 67.49 | 59.10 | 41.96 | 26.20 | 61.27 | 88.30 | 22.53 |
| Total current assets | 164 | 147 | 148 | 91.54 | 139 | 167 | 48.07 |
| Total current liabilities | 1,355 | 1,211 | 1,056 | 844 | 648 | 530 | 475 |
| Net working capital | (1,191) | (1,064) | (908) | (753) | (509) | (363) | (427) |
| Total assets | 3,214 | 2,875 | 2,350 | 2,580 | 2,285 | 1,960 | 648 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 73.48 | 84.80 | 58.11 | 49.55 | 40.12 | 16.94 | 40.20 |
| Net cash from operating activities | 694 | 623 | 559 | 476 | 402 | 322 | 261 |
| Net cash from investing activities | (347) | (486) | 162 | (324) | (335) | (1,338) | (233) |
| Net cash from financing activities | (340) | (148) | (695) | (143) | (57.52) | 1,038 | (51.30) |
| Net change in cash | 6.93 | (11.32) | 26.70 | 8.56 | 9.43 | 23.18 | (23.26) |
| Closing cash | 91.20 | 84.39 | 101 | 58.28 | 76.82 | 77.73 | 23.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +13.0% | +16.0% | +21.5% | +30.8% | +12.5% | +4.8% | - |
| EBITDA growth | +0.3% | +63.8% | +25.7% | -22.2% | -9.2% | +94.6% | - |
| PBT growth | -8.2% | +55.3% | +22.4% | -4.9% | +0.3% | +84.2% | +292.0% |
| Net income growth | -10.1% | +57.7% | +18.2% | -4.8% | +6.6% | +89.4% | - |
| Revenue CAGR (3Y) | +16.8% | +22.6% | +21.4% | +15.5% | +14.1% | +17.7% | +26.2% |
| EBITDA CAGR (3Y) | +27.4% | +17.0% | -3.9% | +11.2% | +158.6% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +30.3% | +39.7% | +27.9% | +28.8% | +39.5% | +41.8% | +23.1% |
| Return on capital employed | +21.4% | +27.3% | +18.8% | +15.6% | +18.7% | +27.8% | +26.3% |
| Return on net worth | +20.7% | +28.1% | +17.6% | +14.4% | +17.1% | +26.3% | +28.8% |
| Debt / equity | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.07 | 0.18 |
| Long-term debt / equity | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.06 | 0.14 |
| Interest cover | 0.67 | 1.68 | 3.53 | 4.10 | 1.90 | 2.15 | 2.24 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.39 | 2.14 | 1.88 | 2.68 | 7.09 | 5.98 | 9.24 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 331.37 | 317.33 | 202.16 | 234.90 | 584.10 | 457.04 | 567.87 |
| EPS (βΉ) | 79.00 | 91.78 | 55.71 | 92.82 | 97.41 | 92.29 | 51.04 |
| Dividend per share (βΉ) | 60.00 | 50.00 | 20.00 | 20.00 | 2.00 | 15.00 | 10.00 |
| Book value per share (βΉ) | 399.50 | 364.18 | 289.60 | 673.17 | 613.38 | 531.36 | 95.25 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 389 | 376 | 368 | 368 | 360 | 346 | 336 | 337 |
| Revenue growth (YoY) | +8.0% | +8.6% | +9.7% | +9.1% | +8.6% | +9.8% | - | - |
| Other income | (8.60) | 88.10 | (33.90) | 132 | 8.00 | 84.40 | 148 | 22.90 |
| Total expenses | 233 | 227 | 234 | 232 | 245 | 212 | 203 | 193 |
| EBITDA | 156 | 149 | 135 | 136 | 115 | 135 | 133 | 144 |
| EBITDA margin | +40.2% | +39.7% | +36.6% | +37.0% | +31.9% | +38.9% | +39.5% | +42.7% |
| Depreciation | 2.60 | 2.60 | 3.20 | 3.60 | 3.60 | 3.50 | 5.00 | 5.10 |
| Interest | 0.60 | 0.50 | 0.60 | 0.60 | 0.70 | 0.80 | 0.90 | 0.90 |
| Profit before tax | 145 | 234 | 96.90 | 264 | 119 | 215 | 275 | 161 |
| Tax | 38.30 | 58.20 | 27.30 | 58.00 | 35.20 | 48.80 | 43.60 | 36.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,443 | 1,320 | 1,139 | 939 | 751 | 665 | 624 |
| Revenue growth | +9.3% | +15.9% | +21.3% | +25.1% | +12.9% | +6.7% | - |
| Other income | 191 | 284 | 170 | 113 | 108 | 85.16 | 68.41 |
| Total expenses | 923 | 807 | 805 | 682 | 439 | 332 | 458 |
| Employee cost | 634 | 553 | 507 | 399 | 263 | 199 | 255 |
| EBITDA | 520 | 513 | 334 | 256 | 312 | 333 | 166 |
| EBITDA margin | +36.1% | +38.9% | +29.3% | +27.3% | +41.6% | +50.1% | +26.6% |
| Depreciation | 13.87 | 20.52 | 24.58 | 19.27 | 11.90 | 15.87 | 20.92 |
| Interest | 2.71 | 3.75 | 4.27 | 4.68 | 5.40 | 6.66 | 3.28 |
| Profit before tax | 694 | 773 | 475 | 345 | 403 | 396 | 210 |
| Tax | 169 | 166 | 112 | 73.11 | 92.83 | 109 | 63.78 |
| Net profit | 525 | 598 | 362 | 276 | 310 | 286 | 152 |
| Net profit margin | +36.4% | +45.3% | +31.8% | +29.4% | +41.2% | +43.0% | +24.4% |
| EPS (βΉ) | 87.41 | 101.20 | 60.42 | 89.01 | 101.41 | 94.57 | 50.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 60.08 | 60.01 | 59.95 | 30.58 | 30.55 | 30.32 | 28.88 |
| Reserves & surplus | 2,482 | 2,216 | 1,710 | 2,034 | 1,862 | 1,586 | 246 |
| Shareholders' funds (net worth) | 2,542 | 2,276 | 1,770 | 2,064 | 1,892 | 1,617 | 274 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 23.10 | 33.04 | 40.67 | 45.91 | 56.28 | 63.42 | 76.51 |
| Total debt | 23.10 | 33.04 | 40.67 | 45.91 | 56.28 | 63.42 | 76.51 |
| Total liabilities | 3,310 | 2,934 | 2,342 | 2,549 | 2,303 | 1,966 | 647 |
| Assets | |||||||
| Gross block | 134 | 133 | 131 | 117 | 105 | 105 | 116 |
| Net block | 20.88 | 33.26 | 47.38 | 53.19 | 56.03 | 64.99 | 85.22 |
| Capital work in progress | 0.00 | 0.00 | 0.50 | 0.18 | 0.18 | 0.18 | 0.18 |
| Investments | 4,326 | 3,944 | 3,199 | 3,224 | 2,745 | 2,267 | 906 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 1.12 | 1.68 | 1.35 | 1.58 | 1.33 | 1.25 | 1.10 |
| Cash & bank balances | 77.38 | 68.94 | 81.37 | 50.28 | 72.56 | 72.61 | 19.77 |
| Loans & advances | 30.44 | 32.91 | 27.43 | 18.63 | 59.80 | 87.12 | 20.94 |
| Total current assets | 109 | 104 | 110 | 70.49 | 134 | 161 | 41.81 |
| Total current liabilities | 1,250 | 1,125 | 1,009 | 812 | 647 | 529 | 472 |
| Net working capital | (1,141) | (1,021) | (898) | (741) | (513) | (368) | (430) |
| Total assets | 3,310 | 2,934 | 2,342 | 2,549 | 2,303 | 1,966 | 647 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 68.68 | 81.14 | 50.11 | 45.28 | 35.01 | 12.90 | 35.91 |
| Net cash from operating activities | 668 | 614 | 545 | 464 | 407 | 326 | 264 |
| Net cash from investing activities | (347) | (492) | 181 | (316) | (339) | (1,343) | (236) |
| Net cash from financing activities | (313) | (135) | (695) | (143) | (57.50) | 1,038 | (51.30) |
| Net change in cash | 8.38 | (12.46) | 31.03 | 4.83 | 10.27 | 22.10 | (23.01) |
| Closing cash | 77.38 | 68.94 | 81.37 | 50.28 | 72.56 | 72.61 | 19.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.3% | +15.9% | +21.3% | +25.1% | +12.9% | +6.7% | - |
| EBITDA growth | +1.3% | +53.8% | +30.2% | -17.9% | -6.4% | +101.1% | - |
| PBT growth | -10.2% | +62.9% | +37.5% | -14.3% | +1.7% | +88.6% | +353.1% |
| Net income growth | -12.2% | +65.4% | +31.3% | -11.0% | +8.3% | +88.2% | - |
| Revenue CAGR (3Y) | +15.4% | +20.7% | +19.6% | +14.6% | +14.7% | +18.1% | +26.4% |
| EBITDA CAGR (3Y) | +26.6% | +18.1% | +0.1% | +15.6% | +179.3% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +36.4% | +46.0% | +31.8% | +29.0% | +41.3% | +43.1% | +23.5% |
| Return on capital employed | +22.3% | +29.4% | +19.6% | +14.4% | +19.1% | +28.2% | +26.1% |
| Return on net worth | +21.8% | +30.0% | +18.9% | +13.8% | +17.7% | +26.9% | +28.7% |
| Debt / equity | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.07 | 0.18 |
| Long-term debt / equity | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.06 | 0.14 |
| Interest cover | 0.54 | 0.76 | 1.38 | 1.97 | 1.80 | 2.10 | 2.26 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 10.80 | 9.97 | 9.16 | 8.43 | 7.14 | 6.01 | 9.18 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 1,030.57 | 871.33 | 777.47 | 645.24 | 581.99 | 566.00 | 860.01 |
| EPS (βΉ) | 87.41 | 101.20 | 60.42 | 89.01 | 101.41 | 94.57 | 50.63 |
| Dividend per share (βΉ) | 60.00 | 50.00 | 20.00 | 20.00 | 2.00 | 15.00 | 10.00 |
| Book value per share (βΉ) | 423.03 | 379.33 | 295.31 | 675.11 | 619.30 | 533.26 | 95.06 |
Investments & Acquisitions by IndiaMART
IndiaMART has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include BUSY Software, Finlite Technologies and Livekeeping.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
App-based platform providing access to tally | livekeeping.com | Ahmedabad, India | 2019 | Mar 2022 | $10.74M | |
Application development services are provided by Finlite Technologies since 2015. | finlitetech.com | Ahmedabad, India | 2015 | Mar 2022 | $5.5M | |
Accounting software is provided for micro, small, and medium enterprises. | busy.in | Delhi, India | 1997 | Jan 2022 | $67.02M | |
Interesting places nearby are discovered via social recommendations. | playcez.com | Gurugram, India | 2010 | Aug 2013 | β’β’β’β’ |
Complete acquisition details for IndiaMART
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Timeline of IndiaMART
9 dated milestones of IndiaMART across 23 years, from founding to its latest funding, stage changes and deals.
- Founded IndiaMART is founded.
- Funding First funding round of $3.4M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires PlayCez.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO,.
- Acquisition Acquires BUSY Software.
- Acquisition Acquires Finlite Technologies.
- Acquisition Acquires Livekeeping.
Competitors of IndiaMART
IndiaMART has 3 listed competitors in our database, 3 of them funded. They include Udaan, Solv and ProcMart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| udaan.com | 2016 | Bengaluru, India | $2.7B | 1,791 | Online marketplace offering multi-category products | |
| solvezy.com | 2019 | Bengaluru, India | $40M | 412 | A B2B e-commerce platform is operated for MSMEs in India. | |
| procmart.com | 2015 | Noida, India | $40.25M | 423 | Online platform offering procurement and supply chain solutions |
Detailed competitors of IndiaMART
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Web traffic of IndiaMART
The website of IndiaMART (indiamart.com) receives about 54.4M visits a month.
- Monthly visits54.4M
▼ 1.8% vs previous month
Websites whose visitors overlap most with IndiaMART. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tradeindia.com | 100% | 10.2M | #6,969 | View details | |
| alibaba.com | 83% | 171.9M | #199 | View details | |
| amazon.in | 75% | #48 | View details | ||
| flipkart.com | 71% | 215.3M | #127 | View details | |
| exportersindia.com | 66% | 2.1M | #29,261 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
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Related news about Indiamart
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Frequently Asked Questions about IndiaMART
IndiaMART was founded in 1999 and raised its 1st funding round 8 years after it was founded.
IndiaMART is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Dinesh Agarwal is the CEO of IndiaMART, as recorded in our data. They have also founded this company.
IndiaMART is a funded company, having raised a total of $38.2M across 9 funding rounds to date. The company's 1st funding round was a Series A of $3.44M, raised on Mar 2007.
IndiaMART has 6,222 employees.
The primary company behind IndiaMART, Indiamart Intermesh Limited, reported revenue of βΉ1,773 Cr for FY 2026, up 13% year on year.
Founded in 1999 and based in Noida, India, IndiaMART operates as an online B2B platform where transactions are facilitated between buyers and suppliers across categories including building materials, electronics, pharmaceuticals, industrial equipment, apparel, chemicals, and logistics. Leads are generated, verified sellers are accessed, and trust is supported through payment protection and supplier verification services.
Yes, IndiaMART is publicly traded on NSE under the ticker symbol INDIAMART.
IndiaMART has made 4 acquisitions, including BUSY Software, Finlite Technologies, and Livekeeping.
IndiaMART has 6 investors. Key investors include Intel, WestBridge Capital, Accion, Amadeus Capital Partners, and Brand Capital.
The valuation of IndiaMART is $109.94M as of Mar 2017.
