JSW One Platforms eyes $20 bn GMV by FY32

09 Sep 2022 CW Team

The JSW Group is looking to build this platform into an ecommerce behemoth sets ambitious goals for e-commerce business, eyes $20-bn GMV by FY32

The Sajjan Jindal-controlled JSW Group is looking to build JSW One Platforms into an ecommerce behemoth for the building materials industry, with a targeted gross merchandise value (GMV) of $20 billion by FY32.

Launched as an ecommerce foray of the group in December 2021, JSW One Platforms is an additional distribution channel for its steel, cement and paints businesses. A significant portion of each of the companies’ sales in the segments is expected to come from JSW One. It will also have third-party brands.

Of the targeted $20-billion GMV, JSW products are expected to account for 65 per cent, while the balance would be non-JSW. The 65 per cent share - translating to $13 billion - will account for approximately 20 per cent of JSW’s turnover in steel, cement and paints.

“We think that this is going to be a very large B2B e-commerce play for the group,” said Parth Jindal, director of JSW One Platforms.

JSW One Platforms currently operates two business divisions: JSW One MSME Platform in the B2B space and JSW One Homes Platform in B2C. Jindal said that business had crossed Rs 10 billion in terms of annual run rate and significant momentum had built up. The expectation is that it will end FY23 with a GMV run-rate of Rs 30 billion crore. The targeted GMV for FY24 is $1 billion.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..