Financial Services

mjunction recognizes that in order to make the sales and distribution channel more robust and to strengthen relationship with buyers as well as sellers, it is very important to make finance available to the supply-chain efficiently, and at competitive costs. With this in mind we launched Financial Services by not just tying up with a number of banks but also integrating systems to provide online finance on a 24 x 7 x 365 basis. This means that public holidays and weekends are no more a restriction to commerce and business.

We at mjunction bring a host of services for our clients and cross all barriers in ensuring that their interests are always given priority. Based on this we have designed a process for the swift and secure collection of payments from all across the country. This mode of collection has many advantages including reduced float since there is instant credit, faster receipt of payments and ease in making payment for the buyers. In addition, faster receipt of payments result in faster issue of orders and dispatch of goods.

We have managed to build a large and loyal customer base and constantly work towards fulfilling their requirements in the best possible way. As an endeavour to facilitate those buyers who are in constant need of funds to meet their working capital requirements, we have introduced an online finance facility. Thus, by offering these services we are facilitating not only one but a host of processes.

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We are now mjunction

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Viresh Oberoi, Managing Director and Chief Executive Officer, mjunction services limited

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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