Founded in February 2001, it is today not only India's largest eCommerce company (having eTransacted worth over Rs 5,56,858 crore till date) but also runs the world's largest eMarketplace for steel.
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 5,56,858 crore till FY17) 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.
Business volume of the company in terms of transaction value has soared from Rs 94.35 crore in FY02 to Rs 1,34,138 crore in FY17.
mjunction's growth has not only been in terms of transactional value, revenue and profits. In a span of 17 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 800 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.
mjunction is ISO 9001:2008, ISO 27001:2013 certified and is appraised at CMMI Level 5. It won the “Best E-commerce Company of the Year” Award in the “ET NOW Making of Developed India Awards” 2018.
mj will be customer-focused, technology-driven and innovative as it charts its progress over the next five years. It will seek to create value for its customers whilst consistently achieving a Y-o-Y growth of 25%.
mjunction makes the world a better place everyday, creating robust and sustainable supply chains by bringing in more efficiency and transparency, disintermediating value-destroying middlemen and delivering desired outcomes to stakeholders, always.
"We are committed to create value for our stakeholders by continually improving our systems and processes through innovation involving all our employees."
Customer Focus: We strive to exceed customer expectations for value and service. We will build and maintain customer relationships and ensure long-term satisfaction.
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 customer’s specific needs and situations. New methods, fresh ideas, and a dedication to continuous learning characterizes our work.
Integrity: We act with integrity and conduct our business fairly and ethically, with honesty and transparency.
Financials: We started in 2001, and in the very first year of operations we had done transactions worth Rs 94.35 crore, which has grown manifold over the years. In FY17 our total transactions stood at Rs 1,34,138 crore. In these 16 years, our auction platforms and allied services have helped businesses transact over Rs 5,56,858 crore. This makes mjunction one of India's largest business process management companies, an end-to-end value service provider.
As we continue to grow, we will continue to look at newer markets and verticals that will benefit from application of efficient processes, technology and the Internet in general.
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Just as energy is the basis of life itself, and ideas the source of innovation, so is innovation the vital spark of all human change, improvement and progress.- Theodore Levitt
At mjunction, innovation is a way of life and over the years, our company has come up with ground-breaking innovations in every function, be it operations, customer care, technology or administration. Besides having helped us improve our processes, reduce costs and increase profitability, our continual innovations have succeeded in adding value to our customers as well as had a positive impact on the socio-economic progress of the nation as a whole.
mjunction wins "Best e-commerce Company of the Year"
mjunction won the “Best E-commerce Company of the Year” Award in the “ET NOW Making of Developed India Awards”, which is a part of Digital India Week on 17th February, 2018 in Mumbai.
CEO Mr Vinaya Varma said, "We are happy to receive this award, and I am thankful to ET Now and the jury. mjunction is a leader in B2B ecommerce. From auctioning steel and coal, we have come a long way to include a wide plethora of services in our bouquet -- from auctioning spectrum for Department of Telecommunications to e-bidding of oil and gas fields for DGH, Petroleum Ministry, from commercial papers to tea, from ocean vessel chartering to diamonds, from forest produce to F&B, just to name a few. We are also using futuristic technology such as Artificial Intelligence, Machine Learning and Robotics to provide more innovative solutions to our clients."
mjunction wins Order-of-Merit SKOCH Award
mjunction has won the Order-of-Merit SKOCH Award for its “Integrated e-procurement Solution”. mjunction was conferred the award at the 50th SKOCH Summit on December 20, 2017, at New Delhi. The stringent evaluation process included a presentation to the jury and popular votes.
mjunction wins the 4th CSR Impact Award
mjunction won the 4th CSR Impact Award at the India CSR summit and Exhibition 2017, in the category of CSR Foundation of the Year 2016-17. The activities showcased were the School Integration Program (SIP), English Lab and Employability Linked Program (ELP).
mjunction wins Nasscom East IT Award
mjunction has been awarded the prestigious Nasscom East IT Awards 2017 in the Enterprise category, which is the top category at Nasscom East IT Awards, 2017. The event was graced by West Bengal Chief Minister Ms Mamata Banerjee, finance minister Mr Amit Mitra and IT minister Mr Bratya Basu. The awards were based on parameters such as contribution towards IT, business operations and the company’s future prospects.
mjunction, CEO win Bengal Chamber award
mjunction and its CEO Mr Vinaya Varma, have received the “Special Recognition Award” in the services category in “The Bengal Entrepreneurship Recognition 2016” organised by the Bengal Chamber of Commerce & Industry. The award was given away by Dr Amit Mitra, the Hon'ble Minister for Finance, Commerce & Industries of the government of West Bengal.
mjunction wins CPO award
The CHiPS project of mjunction won the first runner up award in “Outstanding procurement solution provider” category at the 4th Edition of the CPO Awards 2016. The CPO Awards recognise and celebrate the collaborative efforts in the journey towards procurement and supply chain excellence.
mjunction wins BT CSR award
mjunction services limited has won the Bureaucracy Today CSR Excellence award for its ejunction initiative in the "Innovation in CSR Practices" category. There were a total of 356 entries for 32 categories for this award.mjunction wins CPO award
ejunction wins CSR Award
ejunction has won two awards at the CSR Retreat Awards Function organised by the Tata Sustainability Group for the Tata Volunteering Week held from September 5 to 11 in 2014. The categories for which ejunction got the awards are: "Best internal campaign by a company to promote Tata Volunteering Week II" and "Highest percentage of fresh registrations"
mjunction wins Inc. India Innovative 100 Award
mjunction has won Inc. India 2nd Innovative100 Award in the “Most Innovative Product” category. mjunction's entry was T-Mart, the online platform for sourcing tea.
mjunction wins Responsible Supply Chain Award
mjunction services limited was adjudged the winner in the Marketplace Behaviour - Responsible Supply Chain Award category from among 6 companies on the 28th of June, 2013, at the Responsible Business Summit organised by the World CSR Congress in Taj Lands End, Mumbai. This is the second year of the summit as well as the awards. The award was given away by Dr Chandra Mauli Dwivedi, President & Global Head - Corporate HR, Datamatics Global Services Ltd and was received by Prashant Jha of the Mumbai office on behalf of mjunction. The award recognises companies that can positively impact and transform the supply chain through innovation and add value to it. The Responsible Business Summit is a meeting place for organisations to discuss corporate responsibility and sustainability. Experts share their experience and provide insights on tools for successful collaboration, highlight the importance of corporate culture to meet long-term sustainability objectives and also share how once can gain and retain competitive advantage.
Chief Executive of year Award by the Indian Institute of Materials Management
The Indian Institute of Materials Management, has adjudged Mr Viresh Oberoi, Founder CEO and former Managing Director of mjunction services ltd, as the "The Chief Executive of the Year". The award was conferred by the National Headquarters of the Institute in recognition of his invaluable contribution in building mjunction services ltd as the largest e-commerce company in India and the impact that it has had on society by transforming procurement and selling processes into transparent, efficient and convenient services. The award was conferred in Nov 2012.
Apeejay India Volunteers Award
mjunction (for our ejunction initiative) was adjudged as the National Winner in the Employee Volunteering Program of the Year in the Corporate category at the Apeejay India Volunteer Awards 2011 (AIVA) held in New Delhi in September, 2011.
mjunction is adjudged top 25 innovative companies
In August 2009, mjunction was adjudged among the top 25 innovative companies in India by the Tata Group. A case study to this effect was published on mjunction by the Tata group in association with Tata Management Training Centre, Pune in a book titled 'INNOVATION and INNOVATIVENESS ~ The Tata Experience'.
Recognition for Enterprise Procurement System (EPS)
SAIL Rourkela Steel Plant was awarded a Gold Medal for commendable adoption of Enterprise Procurement System (EPS), designed, hosted and implemented by mjunction. The award conferred by the Ministry of Finance, Govt. of India at the 11th National Conference on eGovernance is instituted to reward Public Sector Units (PSU's) for implementing exemplary information and communication technology (ICT) processes. EPS is an innovative and revolutionary application developed by the in-house technology team of mjunction which adds substantial value to the procurement process of PSUs as it eliminates wastage and saves time.
Bhartiya Shiromoni Puraskar - Institute of Economic Studies
The Institute of Economic Studies, New Delhi conferred the 'Bhartiya Shiromoni Puraskar' to Mr. Viresh Oberoi, former Managing Director of mjunction and a "Gold Medal" to mjunction in recognition of enhancing the image of the Country in 2006.
Business Simulation - All India Management Association
mjunction won the Eastern Regional finals of All India Management Association's (AIMA) National Competition for Business Simulation 2006.
Arun Kumar Rath
ChairmanView full profile
Dipak Kumar BanerjeeView full profile
Sudhir Kumar GargView full profile
Chanakya ChaudharyView full profile
B.Tech from IIT Kanpur and Advanced Management Program from IIM Calcutta
Mr Vinaya Varma is Chief Executive Officer of mjunction services limited, and has been a core member of the founding team. At mjunction, he has been instrumental in conceptualisation, launch and ramp-up of some of its largest businesses.
He is a B. Tech from IIT Kanpur and has completed his Advanced Management Program from IIM Calcutta. Prior to joining mjunction, Vinaya was at Tata Steel, where he had worked in several functional areas encompassing Production, Planning, Sales and Marketing. He was also part of several big transformational projects at Tata Steel such as Business Process Reengineering, SAP R/3 and launch of Tata Steel's e-commerce portal.
Vinaya is a passionate believer in the power of e-commerce, technology and innovation in building effective, efficient and transparent supply chains to power B2B e-commerce. He takes special interest in driving ejunction, the CSR initiative of mjunction, which provides computer literacy to a large number of persons belonging to the disadvantaged sections of the society which helps them in finding suitable job opportunities.
In the year 2012, he was nominated for Tata Strategic Leadership Management Workshop (Harvard Business School), which is designed for select senior executives of Tata group and its subsidiary companies. He is a Certified Professional in Supply Management (CPSM) from Institute for Supply Management (ISM), USA. He is a practitioner of Theory of Constraints and has attended several sessions of ToC at Goldratt House, Tel Aviv.
In 2016, Vinaya won the “Special Recognition Award” in the services category in “The Bengal Entrepreneurship Recognition” conferred by the Bengal Chamber of Commerce & Industry.
He has been elected Member of the Confederation of Indian Industry West Bengal State Council for 2018-19 for the second consecutive year and to NASSCOM's Internet, Mobile & e-Commerce Council for 2017-19.
Beyond work, Vinaya likes to play with his dog and spends Sunday mornings tending to his collection of orchids, adeniums and bougainvillea on his terrace garden.
Vinaya lives in Kolkata with his wife and two sons.
Ajay Kumar Tiwari
Education: B.Com (Hons), CA, CS
Ajay Kumar Tiwari is the Company Secretary of mjunction.
Ajay joined mjunction in October 2015 and has more than 10 years of experience in Secretarial function. He also has experience in Legal & Compliance and Taxation. Prior to mjunction, Ajay served as Company Secretary in Corporates, where he worked closely with the Finance team handling direct and indirect taxation.
Ajay is a Commerce Graduate from St. Xavier’s College, Calcutta University. He is an Associate member of Institute of Company Secretaries of India (ICSI) and also an Associate member of Institute of Chartered Accountants of India (ICAI).
Beyond work, Ajay is passionate about social work and he also engages in professional networking.
Ajay lives in Kolkata.
Chief Information Officer
Amit Khan is the Chief Information Officer at mjunction, and is responsible for directing and managing computing and information technology strategic plans, policies, programmes and schedules for business and finance data processing, computer services, network communications and management of information services.
In mjunction, Amit has been instrumental in implementation of eProcurement projects for large PSUs like BHEL, SAIL, Coal India, Power Grid Corporation and the Ordnance Factory Board. He has also been responsible for building mjunction’s data centre and Disaster Recovery facilities.
In his career spanning 22 years, Amit has worked for leading IT companies and brings with him rich experience in managing large high impact IT projects.
Amit is an Electronics Engineer from Bengal Engineering and Science University, Shibpur.
Beyond work, Amit loves to travel. He also engages in professional networking and has special interest in education and learning.
Amit lives in Kolkata with his wife Gita and daughter Ishana.
IIT Kanpur and XLRI
Pankaj Mittal is the Vice President at mjunction, responsible for steel, coal, idle assets, e-finance, tea and publication businesses.
He has 31 years of experience across the metals industry value chain, Business Consulting and IT solutions. His manufacturing industry experience has been with marquee organizations like Tata Steel, Kenya Aluminium and Jindal Stainless, covering Manufacturing execution, Supply Chain, Sales, BPR and SAP deployment.
His IT experience includes Business Solutions and Business Consulting, with responsibilities from Practice building to P&L, at top companies like TCS, SAP and HCL Technologies, working with clients in the process as well as discrete industries.
He is a passionate proponent of Operational excellence and Customer centricity, with adoption of IT solutions.
He is an alumnus of IIT Kanpur and XLRI.
Beyond work he is an avid follower of world economy, financial markets, cinema and cricket. Pankaj lives with his wife in Kolkata.
Chief People Officer
P.G Diploma in HR from Symbiosis Institute of Management Studies
Shivani Chaturvedi is Chief People Officer at mjunction, and is a highly people, process and result-oriented HR professional. With close to 20 years of experience in designing and executing people practices in global and matrix environments, she is skilled in HR strategy, service delivery and HR technology implementation. Her experience spans the Big 4 Consulting firms as well as several public and private sector Fortune 500 companies across the USA and India.
She has contributed to the growth of her employers and clients, by charting and rolling out talent strategy programmes underpinned by SAP and best-in-class point solutions in the areas of people and change management, organisation & leadership development and global workforce planning.
Shivani is passionate about Diversity & Inclusion (D&I) and has designed, developed and implemented key initiatives in the verticals of Gender, Persons with Disability, LGBT, Generational, Cultural & Ethnic diversity.
Shivani holds a P.G Diploma in HR from Symbiosis Institute of Management Studies, Pune and is a member of the People Management Committee of the Bengal Chamber of Commerce & Industry (BCCI). She is also a trained and practising member of the Internal Complaints Committee. As a SAP HR consultant, she was part of the panel that developed the SAP HR (Talent Management) certification question paper for SAP A.G.
Shivani lives in Kolkata with her mother and when not at work, you can find her enjoying poetry, a walk in the mountains, painting or wrapped in a book.
Chief of Marketing & Sales
MBA in Marketing & Sales from Bombay University
Dipankar Mukherjee is the Chief of Marketing and Sales at mjunction. He is responsible for devising and execution of the Corporate Marketing and Sales strategy and achieving the sales revenue target for business units. His responsibilities also include Account Management and delivering growth in new business opportunities for domestic as well as global markets.
Dipankar joined mjunction in November 2016 and has more than 20 years of experience in the Information Technology Industry handling leadership positions in Marketing, Sales and Programme Management mostly around large transformational IT Projects and also consulting customers in their journey of organisational change and business transformation. He brings in experience of working across multiple Industry verticals like Banking & Finance, Insurance, Travel & Logistics, Defence, Manufacturing, Retail and Energy for clients in Public and Private Sector extensively in the Indian and Global markets.
Dipankar did his Management from Bombay University in Marketing and Sales. He is an avid wildlife enthusiast and is part of a few NGO initiatives. His other interests are sports and travelling.
He lives in Kolkata with his wife Sonali and daughters Anushree and Disha.
Arun Kumar Rath
Mr. Arun Kumar Rath is the Chief Executive Officer of Durgapur Steel Plant [DSP], one of the integrated Steel Plants of Steel Authority of India Ltd [SAIL], a Maharatna Company. DSP is the largest industrial enterprise of West Bengal and the only indigenous supplier of forged wheels to Indian Railways.
Under the stewardship of Mr. Rath, DSP has completed the execution of its’ Modernisation plan. The Plant is now witnessing all-time best production and techno-economic parameters. Under his leadership, DSP has also undertaken developmental jobs of Narrow Gauge wheels and LHB wheels for the Indian Railways.
Prior to his current assignment, Mr. Rath was Executive Director [Projects] of IISCO Steel Plant, Burnpur, another unit of SAIL. Mr. Rath was instrumental in the entire gamut of activities of many critical units viz. Basic Oxygen Furnace, Continuous Casting Plant, Lime and Dolomite Calcination Plant and Rolling Mills complex under the 2.5 Million Tons Expansion Project of IISCO Steel Plant.
A distinguished alumnus of National Institute of Technology, Rourkela, in Electrical Engineering, Mr. Rath started his career in Rourkela Steel Plant [RSP] in 1982. During his career in RSP, Mr. Rath proved his mettle in repair and maintenance of large electrical machines. He also developed a network-based online system for effective repair and maintenance of electrical equipment in RSP. Mr. Rath was selected by SAIL as a team member of its in-house Consultancy wing SAILCON for developing skills in the maintenance activities of Hot Strip Mill at a steel company in Saudi Arabia.
Mr. Rath is a strong believer in cultural and HR interventions and was actively involved in several HR initiatives of SAIL. He is also a motivational speaker and connects easily with young and innovative minds. His innovative, inclusive and proactive approaches have yielded rich dividends during his stint in different Plants of SAIL. He loves composing poems and takes keen interest in Nature photography.
Dipak Kumar Banerjee
Mr. Dipak Banerjee is a Chartered Accountant. Mr. Dipak Kumar Banerjee served as a Commercial Officer of Africa and Middle East Group of Unilever, London from 1993 to 1997. Mr. Banerjee started his career with Life Insurance Corporation in 1970 and thereafter, in 1975, joined Hindustan Lever. His tenure with Lever included a two year secondment to Lever Brother, Nigeria. Since 1992, he served as the Commercial Director of Unilever Plantations Group. He served as Chairman of Unilever Uganda Ltd. until July 2000. Mr. Dipak Banerjee is Independent Director on a number of reputed companies.
Sudhir Kumar Garg
Mr Sudhir Kumar Garg is currently the Executive Director ( Business Planning) at SAIL. He Graduated in Metallurgical Engineering from Punjab Engineering Chandigarh and joined SAIL in 1980 with exposure in Bhilai Steel Plant on the total functioning. Mr Garg was trained U.K. and Holand on Management and Marketing. He worked in various disciplines like Import Division, Marketing, Purchase, Corporate Planning, Mines, Logistics heading different functions in different times on above subjects.
Mr. Chanakya Chaudhary joined Tata Steel in 1988 as Graduate Engineer Trainee in the Raw Material Division at Jharia, Dhanbad. During his stint in the Collieries division, he worked in various capacities in the Fluidised Bed Power Plant, Training Institute, Underground mine, Jamadoba Coal Washery etc. Subsequently he was transferred to Total Quality Management (TQM) (Business Excellence Group), wherein he was responsible for working with various divisions of Tata Steel for getting ISO-9000 certification, employee involvement in small group activities and preparation of annual quality improvement plans. He is a Certified Auditor for ISO 9000. and has been working as a lead assessor for Tata Group in its journey of Business Excellence and for JRD Quality Value Award. He was heading the Corporate Affairs office of Tata Steel at New Delhi as Chief Resident Executive and since 1st November 2013 he has been appointed as Group Director-Corporate Communication & Regulatory Affairs. In the new assignment he is now responsible for Corporate Communication and Policy Advocacy across the Tata Steel group.
Mr. Chaudhary, a Bachelor of Engineering (Honours) Mechanical. from BITS, Pilani, has undergone various prestigious management programmes like Young Managers Programme at INSEAD, France in 1997, Tata Group Executive Leadership Programme in 2007 conducted by Michigan Ross School of Business & Executive MBA from CEDEP, France in 2008-09.
Mr. Sandipan Chakravortty is the Chairman of TM International Logistics Ltd., (TMILL), a very reputed Tata Company in international logistics and engaged in logistics business worldwide.
Mr Chakravortty was the Chairman of Jamshedpur Utilities and Services Co. Ltd (JUSCO), a Tata Enterprise and a leading company in town maintenance, power distribution, water management, construction, etc. He is also the past Managing Director of TATA STEEL PROCESSING AND DISTRIBUTION LIMITED (formerly Tata Ryerson Limited) – which is one of the largest steel processors and distributors in Asia and by far the undisputed leader in India.
Mr. Chakravortty holds a B.Tech (Hons) degree in Mechanical Engineering from Indian Institute of Technology, Kharagpur, where he received Merit Scholarship throughout his studies. He is also a M.Tech in Industrial Engineering and Operations Research from the same Institute. He also carries a Post Graduate Certificate (MIS) from Case Western Reserve University, U.S.A. , and has undergone a Six Module Senior Management Course in CEDEP (Insead) from Fontainebleu, France.
Mr Chakravortty joined Tata Steel in 1975 as their Materials Controller. He then moved on to marketing and became All India Marketing Manager of Sales. He then was given the responsibility of Ferro Alloys and Minerals Division of the Company, including port activities and other logistics. Record revenue and profits were earned during his tenure. He was again brought back to Tata Steel as Director of Sales, where record profits were achieved. Mr Chakravortty joined Tata Steel Processing And Distribution as Managing Director in 2001, made it grow to the largest organization of its type in Asia and retired in 2014.
Mr Chakravortty is an active member of CII National Council and holds the position of Chairman – CII North East States Council. He was the Past Chairman of CII Eastern Region and President of The Bengal Chamber of Commerce and Industry. Mr Chakravortty has held several prestigious positions earlier like Member of the Board of Governors, IIT Kharagpur, Member of the Board of Trustees – Kolkata Port Trust, President of International Chromium Association (Paris), President Coal Consumers’ Association of India, etc.
Khambampati Subrahmanya Sarma
Mr.K S Sarma has a distinguished academic career with two post graduate degrees, in Arts & Science and an M.Phil from Manchester University, UK. He worked in the education sector teaching Economics and Statistics for a period of 10 years before joining the Indian Administrative Service. During his career he worked in various levels such as Joint Secretary, Special Secretary and Principal Secretary with Government of Andhra Pradesh before going on deputation to the Government of India. He has also worked in the Ministry of Information and Broadcasting and held additional duties for the Post of Director General, Doordarshan. He has functioned as Chief Executive Officer, Prasar Bharati (Broadcasting Corporation of India) and was instrumental in launching free-to-air Direct-to-Home service (Popularly known as DD Direct +) for the benefit of Indian viewers. He had also been unanimously elected as Vice President of Asia-Pacific Broadcasting Union (ABU). Currently he is also Director in Goldstone Technologies Limited.
Mr Biswajit Chongdar is currently ED (Marketing -Long Products) of Steel Authority of India Limited. He has an experience spanning more than 34 years in SAIL. Mr Chongdar is a Civil Engineer from Calcutta University (erstwhile Shibpur BE College). He is an ardent reader, always on a lookout to update him on the latest developments and supplement his knowledge.
Mr Rajiv Mukerji joined Tata Steel 1986 in the Marketing Division. Thereafter he worked in various divisions of the company including International Trade and Shipping and Logistics and chaired the International Trade and Logistics sub committees in the Confederation of Indian Industry. In 2007, he was appointed Managing Director of Tata NYK Shipping in Singapore before moving into his current role in Nov 2013 as Group Director Strategic Procurement, looking after Tata Steel Group Procurement in Raw Materials, Shipping, IT and Industrial Gas.
He has done B.A. (Hons.) and diploma in management from IIM Ahmedabad and INSEAD France