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Indiamart Intermesh Ltd.

BSE: 542726 Sector: Others
NSE: INDIAMART ISIN Code: INE933S01016
BSE 00:00 | 11 Aug 4370.35 -16.10
(-0.37%)
OPEN

4444.00

HIGH

4453.55

LOW

4353.00

NSE 00:00 | 11 Aug 4374.65 -15.10
(-0.34%)
OPEN

4426.40

HIGH

4456.70

LOW

4350.50

OPEN 4444.00
PREVIOUS CLOSE 4386.45
VOLUME 2187
52-Week high 9700.00
52-Week low 3676.05
P/E 50.19
Mkt Cap.(Rs cr) 13,448
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4444.00
CLOSE 4386.45
VOLUME 2187
52-Week high 9700.00
52-Week low 3676.05
P/E 50.19
Mkt Cap.(Rs cr) 13,448
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Indiamart Intermesh Ltd. (INDIAMART) - Chairman Speech

Company chairman speech

IndiaMART's successful listing on the National Stock Exchange andBombay Stock Exchange in 2019 was aligned to this commitment as we further honed ourgrowth strategy to become stronger and better.

Dear Friends

A satisfying journey in a challenging environment - that sums up FY2019-20 for IndiaMART. Driven by our sustained focus on changing lives we continueddedicatedly through the year to transform our vision for a better India into realon-ground achievements. A series of notable milestones underscored the success of ourconcerted efforts to create value for every person whose life we touch across thestakeholder fabric - from the Shareholders to Customers to our Employees and theCommunity at large.

IndiaMART's successful listing on the National Stock Exchange andBombay Stock Exchange in 2019 was aligned to this commitment as we further honed ourgrowth strategy to become stronger and better. Our decision to go public was rooted in oursustained focus on generating greater value for our shareholders and was furthermotivated by their continued support and trust.

The post-IPO environment led to significant churn in our operationalbusiness environment encouraging us to further enhance our customer proposition ofenabling ease of doing business particularly among small enterprises which have emergedas the backbone of the country's economic growth agenda. With the roll-out of our newbrand promise of 'Bada Aasaan Hai' we have further simplified the procession offacilitating the growth of SMEs/MSMEs to enable them to become big with total ease. Inour quest to establish IndiaMART as a brand that is synonymous with the concept of ease of

use we continued to invest judiciously in advanced technologies acrossplatforms to make the online digital business environment more affordable and accessiblefor the enterprises.

While the benefit of this approach percolates to every level of ourhuge database the SMEs/MSMEs with their low Internet penetration stand out as thebiggest beneficiaries of our approach. Our thrust remains on simplifying the businesssystems and processes for the SMEs to support their on-boarding on the e-commerceplatform. Our mission is to create an empowered business ecosystem for the country and weintend to invest more forcefully in Fintech and SaaS solutions to advance our goals goingforward.

We are fully cognisant of the criticality of our people in furtheringour business strategy and hence remain committed to nurturing the development andprogress of our large base of employees. From learning interventions to motivationalinitiatives our Human Resource policy is crafted to ensure the sustained growth andwell-being of our people in a gender-neutral transparent and positive environment. Thefact that 121 of our employees have been with us for over 10 years validates the successof this approach. The COVID crisis brought in new challenges for employees and we areclosely working with them to help them adapt to the new normal of working in the COVIDera. We are encouraging them to take up online learning courses and develop new skillswhile working safely from home.

As a responsible corporate we also remain steadfastly focussed onserving the bigger Community through our robust and well-formulated Social Responsibilityframework. By helping the SMEs/MSMEs explore their unknown capacities and capabilities weare enabling them to scale up their business and contribute exponentially to the nation'seconomic progress. We have also contributed to setting up computer centres in Purur andThakore Schools with solar back-up since neither of these institutions have powerconnectivity.

As we move ahead in our journey of collective long-term growth andprogress we shall continue to invest in the development of each of our stakeholders evenmore proactively because we believe that their support and trust is vital to IndiaMART'scontinued success.

The journey ahead seems promising notwithstanding the short-term pangscaused by the nationwide lockdown triggered by the global COVID pandemic. It is my sensethat in the long run the marketplace will see wider adoption of e-commerce in particularby a growing expanse of small and medium businesses amid the new normal that thisunprecedented crisis has ushered in.

Dinesh Agarwal

 

CEO

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