JSW One Platforms, the B2B e-commerce arm of the JSW Group, has surpassed its gross merchandise value (GMV) target for FY24, hitting an impressive US $1 billion GMV run rate. The company reported a GMV of approximately INR 785 crores for March 2024, resulting in an exit GMV run rate of around INR 9,420 crores for the fiscal year. This achievement marks a quadrupling of growth from the previous year, with the actual GMV for FY24 standing at INR 5,200 crores, positioning JSW One Platforms among the fastest-growing tech companies in India.
“Our investment in digitizing the B2B ecosystem is yielding significant returns, with an increasing number of customers turning to online and digital channels for their manufacturing and construction material needs,” said Gaurav Sachdeva, CEO of JSW One Platforms. “Last year, we aimed for a US $1 billion exit by March 2024, and thanks to favorable industry conditions and our strategic focus on distribution and supply chain management, we surpassed this target, achieving a GMV run rate of INR 9,420 crores for FY24.”
Looking ahead, JSW One Platforms is preparing for an initial public offering (IPO) within the next 18-24 months. The company plans to leverage its growth across customer segments and enhance its offerings with private brands to meet evolving market demands. “As we approach our IPO, our focus will be on scaling up and maintaining high growth rates while expanding into allied categories,” added Sachdeva.
JSW One Platforms is revolutionizing the B2B e-commerce sector, with over 70% of orders being repeat purchases, demonstrating strong customer trust in the brand. The platform provides end-to-end fulfillment services, from logistics to financing, catering to over 53,000 registered users across India. Operating in 18 states, including Madhya Pradesh, Chhattisgarh, Kerala, Rajasthan, Punjab, and Haryana, the company has significantly expanded its footprint.
The company’s diversified offerings and tech-led customer experience have been crucial to its strategy. Additionally, JSW One Platforms operates JSW One Homes, which features experience centers where customers can engage with contractors and architects, explore the technical and aesthetic aspects of construction materials, and review their digital home construction journey.
JSW One Platforms is a leading B2B e-commerce venture under the JSW Group, providing a comprehensive range of manufacturing and construction materials. With a focus on digital innovation and customer-centric solutions, JSW One Platforms aims to revolutionize the B2B landscape in India.
