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.65,000 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 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 19,648 crores in FY'10, registering a spectacular CAGR of 95%.
mjunction's growth has not only been in terms of transactional value, revenue and profits. In the space of just 9 years, it has established a national footprint with offices at 12 locations all over the country. Starting out with a team of less than six people at inception, today more than 400 people from different professional and academic backgrounds are working on growing the company at a scorching pace.
Today, mjunction offers a wide range of eSelling, eSourcing, eFinance and Knowledge services across diverse industry verticals that empower businesses with greater process efficiencies. mjunction has service offerings spanning the entire eCommerce spectrum and operates through - metaljunction.com, buyjunction.in, coaljunction.in, autojunction.in, straightline.in, financejunction.in , valuejunction.in, and mjunctionedge.
mjunction is a ISO 9001:2000, ISO 27001 and CMMI Level 3 certified company.
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."
Over the years we have grown in every respect - services, people, reach, infrastructure and revenue. As we continue to grow and add value to the supply chains we serve, we have broadened our horizons beyond the world of steel and metals.
We thus felt that the time was ripe to give ourselves a new name, a new identity to reflect our metamorphosis. So we heralded the new year with a new brand name and logo, and we have become mjunction services limited from metaljunction services limited. Other business units under the mjunction umbrella continue to have identities of their own.
Though our name has changed, and our horizons widened, our values haven't. We will continue to bring greater efficiency, convenience and transparency to even more supply chains in the future with the innovative use of IT and the Internet.
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