About Us
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.30,800 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 10,314 crores in FY’08, registering a spectacular CAGR of 116%.
mjunction’s growth has not only been in terms of transactional value, revenue and profits. In the space of just 6 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 360 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 and mjunctionedge.
The services range envisages bringing about efficiencies to the entire Supply Chain, and emphasizes importance on both - an online solution backed with a strong offline presence. Each of the business units of mjunction focus on:
An ISO 9000 & ISO 27000 Certified Company
Asset E-Auction: The most popular tool currently available in the market to fetch in better prices for disposal of idle capital assets is e-Auction. This is due to its unique feature which allows the bidders to revise their bids upwards as many times as they want within the pre-defined time to stay in competition. The buyers can revise their bids as many times by incrementing their last bid by a pre-defined value, and finally when the auction is over, the bidder quoting the highest price bags the order. mjunction makes the selling process easier for the buyer giving an end to end solution - from strategies, to training the buyer community and from creating the auction event to generation of reports.
mjunction also offers an e-Tendering solution for the online sale of more complicated assets such as factory premises, operational units- where the now conventional e-Auction process may not be the ideal disposal option.
There are various activities that goes into the above two main solutions. These could be used independently, or in combination and can be classified under Pre-Auction Activities, e-Tender/e-Auction and Post Auction Activities.
Business volume of the company in terms of Transaction Value has soared from Rs 94.35 crores in FY’02 to Rs 10,314 crores in FY’08, registering a spectacular CAGR of 116%.
mjunction’s growth has not only been in terms of transactional value, revenue and profits. In the space of just 6 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 360 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 and mjunctionedge.
The services range envisages bringing about efficiencies to the entire Supply Chain, and emphasizes importance on both - an online solution backed with a strong offline presence. Each of the business units of mjunction focus on:
- Specific Requirements of Clients/ Customers,
- Specific procedures for both the functions
- Knowledge and Information management for the two functions
Asset E-Auction: The most popular tool currently available in the market to fetch in better prices for disposal of idle capital assets is e-Auction. This is due to its unique feature which allows the bidders to revise their bids upwards as many times as they want within the pre-defined time to stay in competition. The buyers can revise their bids as many times by incrementing their last bid by a pre-defined value, and finally when the auction is over, the bidder quoting the highest price bags the order. mjunction makes the selling process easier for the buyer giving an end to end solution - from strategies, to training the buyer community and from creating the auction event to generation of reports.
mjunction also offers an e-Tendering solution for the online sale of more complicated assets such as factory premises, operational units- where the now conventional e-Auction process may not be the ideal disposal option.
There are various activities that goes into the above two main solutions. These could be used independently, or in combination and can be classified under Pre-Auction Activities, e-Tender/e-Auction and Post Auction Activities.
