IndiaMART InterMESH Limited is India’s largest online B2B (business-to-business) marketplace — connecting suppliers and manufacturers with buyers across the country. Listed on NSE and BSE, IndiaMART is co-founded by Dinesh Agarwal and has become the dominant digital platform for small and medium enterprises (SMEs) to source products and services in India.
| Full Name | IndiaMART InterMESH Limited |
| Listed | NSE: INDIAMART | BSE: 542726 |
| Founders | Dinesh Agarwal & Brijesh Agrawal (1996) |
| CEO | Dinesh Agarwal |
| Headquarters | Noida, Uttar Pradesh, India |
| Model | B2B marketplace — supplier listings + buyer-seller connections |
| Registered Suppliers | ~8 million+ (as of 2024) |
Who Owns IndiaMART?
IndiaMART is a publicly listed company on NSE and BSE. Dinesh Agarwal (co-founder and CEO) and Brijesh Agrawal (co-founder) hold significant promoter stakes — approximately 45–47% combined as of recent filings. Institutional investors including domestic mutual funds (HDFC MF, SBI MF) and foreign institutional investors hold substantial positions. IndiaMART IPO’d in June 2019 at ₹973 per share, and has delivered strong returns for early investors. The promoter group retains meaningful control, with Dinesh Agarwal actively running the company day-to-day.
| Shareholder | Approximate Stake | Notes |
|---|---|---|
| Dinesh Agarwal + Brijesh Agrawal (Promoters) | ~45–47% | Co-founders; listed on BSE/NSE since 2019 |
| Domestic Mutual Funds | ~15–18% | HDFC MF, SBI MF, others |
| FIIs / FPIs | ~20–25% | Foreign institutional investors |
| Retail & Others | ~10–15% | Public market participants |
IndiaMART’s Business Model
IndiaMART earns revenue from paid supplier subscriptions — businesses pay monthly or annual fees to feature their products prominently on the platform and receive buyer enquiries (RFQs — Requests for Quotation). The platform is free for buyers. With over 8 million registered suppliers and 150+ million registered buyers, IndiaMART has created India’s largest SME digital marketplace. It also owns stakes in companies like Vyapar (accounting software for SMEs), and has made strategic investments in B2B SaaS startups that serve its supplier ecosystem.
