mjunction services limited, operating in the glorious age 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 crores until date), but also runs the world’s largest eMarketplace for steel. mjunction has radically transformed the steel and coal supply chain in India by ushering in efficiency, transparency, and convenience to the way steel and coal are bought and sold. Business volume of the company in terms of transaction value has soared from Rs 94.35 crores in FY02 to Rs 1,34,138 crores 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 9001:2015, ISO 27001:2013 certified and is appraised at CMMI Level 5. It won the “Best eCommerce Company of the Year” Award in the “ET NOW Making of Developed India Awards” 2018.
mjunction will continue to 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 every day, creating robust and sustainable supply chains through greater efficiency and transparency, disintermediating value-destroying middlemen, and delivering desired outcomes to stakeholders, always.
The last 17 years have been eventful and dotted with milestones for mjunction. And if we have come this far, it is only because of our single-minded focus on creating value for our customers. And today, as we make a mark for ourselves in the world of B2B e-commerce, our focus continues to remain the same. In this competitive environment, mjunction has held its own, going from strength to strength and is today present in a wide spectrum of e-commerce businesses spanning multiple categories and sectors. Our people continue to be our strength and we will continue to harness the power of digital technology to transform the way businesses are run. We continue to believe in the power of innovation and recognise very clearly that it is the only way to survive. We are committed to build efficient, transparent, and effective supply chains, and as we tread the path of excellence, we will abide by our values and our mission of making the world a better place.
Chief Executive Officer, mjunction services limited
We strive to exceed customer expectations for value and service. We will build and maintain customer relationships and ensure long-term satisfaction.
We constantly strive to achieve the highest possible standards in our day-to-day work and in the quality of the services we provide.
We are motivated to produce creative solutions that meet our customers’ specific needs and situations. New methods, fresh ideas, and a dedication to continuous learning characterise our work.
We act with integrity and conduct our business fairly and ethically, with honesty and transparency.