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.1,60,000 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 crore in FY'02 to Rs 41,134 crore in FY13, registering a CAGR of 74%.
mjunction's growth has not only been in terms of transactional value, revenue and profits. In the space of just 12 years, it has established a national footprint with presence in more than 25 locations all over the country. Starting out with a team of less than six people at inception, today more than 500 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 9001:2008, ISO 27001 and its Technology Function is certified to CMMI Level 5.
mj@14 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."
Excellence: We constantly strive to achieve the highest possible standards in our day-to-day work and in the quality of the services we provide.
Innovation: We are motivated to produce creative solutions that meet our clients' specific needs and situations. New methods, fresh ideas, and a dedication to continuous learning characterize our work.
Integrity: We act with integrity and conduct our business fairly, with honesty and transparency.
Respect: We know that successful interactions are only possible through a mutual regard for the intelligence, talents and expertise that each of us possesses. We are committed to cultural sensitivity in our work and relationships. We treat our clients as partners, and we expect openness, honesty and hard work from ourselves.
Teamwork: We honour the dignity and value of individuals working as a team.
"Formed at a juncture, when hundreds of dotcom companies had gone bust, mjunction has broken all barriers of skepticism and apprehension to forge ahead on the fast track of growth. 2011 is the year, when mjunction completes 10 wonderful years. The last decade has seen us achieve numerous milestones and this has been possible through the collective effort of every junctionite. However, our journey has only started. We now need to resolve to make mjunction a truly world class organization. In keeping with the spirit of our promoter companies, we are committed to achieving sustainable growth and business excellence. Towards that, we are set to introduce more value added services for our customers. This is what fuels our spirit to challenge and better our previous benchmarks. And the focus at all times is to innovate, to benchmark and to deliver value beyond expectations."