mjunction services limited operating at the cutting edge of Information Technology and the Internet, is a 50:50 venture promoted by SAIL and TATA Steel. Founded in February 2001, it is today not only India's largest eCommerce company (having eTransacted worth over Rs.45,193 Crores till date) but also runs the world's largest eMarketplace for steel. The steel and coal supply chain in India has been transformed by mjunction, which has ushered in Efficiency, Transparency and Convenience to the way steel and coal, is bought and sold. Similar transformational change is being sought to be made in the automobile industry and in the sale of fixed priced branded products with the launch of autojunction and straightline respectively.
Business volume of the company in terms of Transaction Value has soared from Rs 94.35 crores in FY'02 to Rs 15,393 Crores in FY'09, registering a spectacular CAGR of 105%. mjunction's growth has not only been in terms of transactional value, revenue and profits. In the space of just 7 years, it has established a national footprint with offices at 11 locations all over the country. Starting out with a team of less than six people at inception, today more than 375 people from different professional and academic backgrounds are working on growing the company at a scorching pace.
Today, mjunction offers a wide range of selling, sourcing and knowledge services across diverse industry verticals that empower businesses with greater process efficiencies. The selling and sourcing services that mjunction offers do not just stop here, they go all the way to provide fulfillment services like inspection, logistics and finance. mjunction has service offerings spanning the entire eCommerce spectrum and operates through - metaljunction.in, buyjunction.in, coaljunction.in, autojunction.in, straightline.in, financejunction.in and mjunctionedge.
To find out more, download our Corporate Brochure (pdf).
mj@12 will be the most admired & acclaimed Indian brand in eCommerce with an annual transaction value of USD 10 billion.
We will create value for our customers by offering innovative, efficient, transparent and convenient to use services supported by cutting edge internet and wireless based technologies.
"We are committed to create value for our stakeholders by continually improving our systems and processes through innovation involving all our employees."
We started in 2002, and in first year of operations we had done transactions worth Rs 94.35 Crores which has grown manifold over the years. In FY '11 our total transactional value stood at Rs 24,854 Crores. In these ten years, our auction platforms and allied services have helped business transact over Rs 90,000 Crores, establishing us as India's largest eCommerce Company!