IndiaMART InterMESH Ltd, India's B2B marketplace leader, has announced the exit of MI-JFG from its indirect holding in the company. This shift is a critical alteration in IndiaMART's ownership pattern that has been on the rise lately due to improved quarters.
Highlights:
1.MI-JFG has exited its indirect holding in IndiaMART InterMESH
2.The firm posted 16% quarter-on-quarter growth in revenue during Q3 FY2025
3.Consolidated revenue stood at ₹354 crore, with standalone revenue at ₹337 crore
4.Net profit margin widened to 30%, with EBITDA margin at 39%
This change in ownership follows IndiaMART's continued build-up of its position in the B2B e-commerce sector. Recent financials of the company reflect strong growth, with collections from customers increasing 10% to ₹363 crore for the quarter.
The departure of MI-JFG could open the door for fresh investors or strategic alliances as IndiaMART seeks to take advantage of increased digital adoption in Indian companies.
Sources: IndiaMART InterMESH Ltd Regulatory Filing, Corporate Press Release, March 19, 2025