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.90,000 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 24,854 crores in FY'11, registering a spectacular CAGR of 86%.
mjunction's growth has not only been in terms of transactional value, revenue and profits. In the space of just 10 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 9001:2008, 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."
"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."
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