About JusTransact
JusTransact is a Retail company based in Chennai (India) founded in 2014. POS products and solutions are offered via an eCommerce platform. Its Indian entity Millennium Retech Ventures India Private Limited reported revenue of ₹4.3 Lakh. Its focus areas include B2B E-Commerce, IT Equipment and E-Distributor. Its competitors include Bighub Solutions, Mega Compu and ProcEzy.
Company details
JusTransact is an online store selling POS products and solutions. Launched as an information only site, later changed to eCommerce venture. Provides categories based on industry verticals (hospitality, grocery, food beverage, etc.), brands and products. Houses more than 40 of the worlds leading manufacturers spread over 1000 and more products that cover over 15 categories and over 12 industry wise solutions as of March 2015. Founder has 20 years of experience in the POS industry.
- Headquarters Chennai, India
- SectorsRetail
- Email••••••••
- Website justransact.com
- Social LinkedIn X Facebook
- Legal Name Millennium Retech Ventures India Private Limited
- Date of Incorporation 04 Feb, 2014
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹4.3 Lakh
FY 2018 · -87% YoY
- Net Loss-₹82.6 Lakh
FY 2018 · -1899% margin
- EBITDA-₹79 Lakh
FY 2018 · -1816% margin
Associated legal entities of JusTransact
JusTransact operates through Millennium Retech Ventures India Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Millennium Retech Ventures India Private Limited CIN U74120TN2014PTC094846 | Strike Off | 04 Feb 2014 | Chennai, Tamil Nadu | ₹0.0 Cr | 2 | View details |
Board of directors of Millennium Retech Ventures India Private Limited (JusTransact)
Millennium Retech Ventures India Private Limited is the primary company behind JusTransact. The board of Millennium Retech Ventures India Private Limited currently have 2 directors; the longest-serving is Bhaskar Venkatraman, appointed in 2014.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhaskar Venkatraman DIN 02982499 | Director | 04 Feb 2014 | 12 yrs 8 mo | Millennium Retech Ventures India Private Limited |
| Nandakumar Venkatraman DIN 00015232 | Director | 04 Feb 2014 | 12 yrs 8 mo | Millennium Retech Ventures India Private Limited |
Financials of JusTransact
Figures of Millennium Retech Ventures India Private Limited, the primary company behind JusTransact, for FY 2018. Revenue was ₹4.3 Lakh (-87% year on year). Net loss was -₹82.6 Lakh (-1899% margin). EBITDA was -₹79 Lakh (-1816% margin).
- ₹4.3 LakhRevenue · FY 2018 · -87% YoY
- -₹82.6 LakhNet loss · -1899% margin
- -₹79 LakhEBITDA · -1816% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Millennium Retech Ventures India Private Limited are on its company page.
Detailed financial statements for JusTransact
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Competitors of JusTransact
JusTransact has 3 listed competitors in our database. They include Bighub Solutions, Mega Compu and ProcEzy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bighub-solutions.com | 2018 | Secunderabad, India | 4 | Online platform selling audio, video, security, and biometric tech products directly to consumers. | ||
| megacompu.co.in | 2010 | Bengaluru, India | 23 | Offers strategic IT solutions, services, and support for business efficiency. | ||
| procezy.com | 2022 | Bengaluru, India | Connects IT channel partners for buying and selling IT products without commission. |
Detailed competitors of JusTransact
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- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as JusTransact (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 38.2 M | USD 167.23 M | 6,100 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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Frequently Asked Questions about JusTransact
JusTransact was founded in 2014.
JusTransact is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind JusTransact, Millennium Retech Ventures India Private Limited, reported revenue of ₹4.3 Lakh for FY 2018, down 87% year on year.
JusTransact is an online store selling POS products and solutions. Launched as an information only site, later changed to eCommerce venture. Provides categories based on industry verticals (hospitality, grocery, food beverage, etc.), brands and products. Houses more than 40 of the worlds leading manufacturers spread over 1000 and more products that cover over 15 categories and over 12 industry wise solutions as of March 2015. Founder has 20 years of experience in the POS industry.
JusTransact's top competitors include ProcEzy, Bighub Solutions and Mega Compu.
JusTransact operates through Millennium Retech Ventures India Private Limited.
The legal entities of JusTransact currently have 2 directors, including Bhaskar Venkatraman, Nandakumar Venkatraman.