JSW One Platforms achieves FY24 GMV target rate of $ 1 billion
ECONOMY & POLICY

JSW One Platforms achieves FY24 GMV target rate of $ 1 billion

JSW One Platforms, the B2B e-commerce venture of JSW Group, crossed the $ 1 billion GMV run rate for FY24. The company reported a GMV of Rs 7.85 billion for March 2024, with an exit GMV run rate of Rs 94.20 billion for FY24. It has quadrupled in growth from the last year, with the actual GMV at Rs 52 billion for FY 24. With this, the company has become one of the fastest-growing tech companies in India.

?Our bet on digitisation of the B2B ecosystem is paying off, with our customers relying on online and digital channels for manufacturing and construction materials. Last year, we had set a target of $ 1 billion exit by March 2024. With strong tailwinds in the sector and our focus on distribution and supply chain, we were able to scale past run-rate at Rs 94.20 billion for FY24. As we embark on our journey to the IPO over the next 18-24 months, we will leverage the growth across our customer segments and augment the same with our private brands to cater to the evolving market needs.? said Gaurav Sachdeva, CEO of JSW One Platforms.

The company intends to continue to scale up and maintain high growth rates while building on allied categories. JSW One is revolutionising B2B e-commerce, with over 70 per cent of repeat orders from customers showing their trust in the brand.

JSW One enables end-to-end fulfilment from logistics to finance to over 53,000 registered users across India. The company operates in 18 states and has expanded operations in Madhya Pradesh, Chhattisgarh, Kerala, Rajasthan, Punjab, Haryana, to name a few. Its diversified offerings and enhanced value proposition, combined with a tech-led customer experience, have been the cornerstone of its strategy. The company also operates JSW One Homes and has invested in creating experience centres where JSW One Homes customers can engage with contractors and architects, understand the technical and aesthetic aspects of construction materials and review their digital home construction journey.

JSW One Platforms, the B2B e-commerce venture of JSW Group, crossed the $ 1 billion GMV run rate for FY24. The company reported a GMV of Rs 7.85 billion for March 2024, with an exit GMV run rate of Rs 94.20 billion for FY24. It has quadrupled in growth from the last year, with the actual GMV at Rs 52 billion for FY 24. With this, the company has become one of the fastest-growing tech companies in India. ?Our bet on digitisation of the B2B ecosystem is paying off, with our customers relying on online and digital channels for manufacturing and construction materials. Last year, we had set a target of $ 1 billion exit by March 2024. With strong tailwinds in the sector and our focus on distribution and supply chain, we were able to scale past run-rate at Rs 94.20 billion for FY24. As we embark on our journey to the IPO over the next 18-24 months, we will leverage the growth across our customer segments and augment the same with our private brands to cater to the evolving market needs.? said Gaurav Sachdeva, CEO of JSW One Platforms. The company intends to continue to scale up and maintain high growth rates while building on allied categories. JSW One is revolutionising B2B e-commerce, with over 70 per cent of repeat orders from customers showing their trust in the brand. JSW One enables end-to-end fulfilment from logistics to finance to over 53,000 registered users across India. The company operates in 18 states and has expanded operations in Madhya Pradesh, Chhattisgarh, Kerala, Rajasthan, Punjab, Haryana, to name a few. Its diversified offerings and enhanced value proposition, combined with a tech-led customer experience, have been the cornerstone of its strategy. The company also operates JSW One Homes and has invested in creating experience centres where JSW One Homes customers can engage with contractors and architects, understand the technical and aesthetic aspects of construction materials and review their digital home construction journey.

Next Story
Infrastructure Energy

SJVN Green Adds 100 MW Solar Capacity in Bikaner

SJVN Green Energy Ltd (SGEL), a wholly owned subsidiary of SJVN, has commenced commercial operations of an additional 100.02 MW from its 1,000 MW solar power project in Bikaner, Rajasthan. With this, the total commercially operational capacity at the site now stands at 501.02 MW.In a regulatory filing on Monday, SJVN confirmed that the newly added capacity became operational on 30 June 2025. The balance capacity is expected to be commissioned in the near future, progressively bringing the entire 1,000 MW project online.The Bikaner solar project is one of SGEL’s key renewable energy initiativ..

Next Story
Infrastructure Urban

India, RAK Mull Long Term Deal For Limestone And Green Steel

Union Steel Minister H D Kumaraswamy met Ras Al Khaimah (RAK) ruler Saud Bin Saqr Al Qasimi in Dubai to discuss securing long term access to low silica limestone from the UAE and collaborating on green steel production. The talks coincided with the Minister’s inauguration of new overseas offices for state owned engineering firm MECON and miner NMDC.Both sides examined opportunities in green hydrogen, value added steel exports from India, and setting up calcined lime plants in RAK that would use the emirate’s limestone and natural gas. Kumaraswamy invited RAK to join Indian ..

Next Story
Real Estate

Mahindra Lifespace Buys 9 Acre Plot in Bengaluru for Rs 2 Bn

Mahindra Lifespace Developers Ltd has purchased Shreyas Stones Pvt Ltd, which owns an 8.79 acre parcel at Navaratna Agrahara in North Bengaluru, for approximately Rs 2.0 billion. The share purchase agreement transfers one hundred per cent of SSPL’s equity—10,000 shares of Rs 10 each—to Mahindra Lifespace.The site will be integrated with an adjacent Mahindra holding, creating a unified premium housing scheme with a projected gross development value of about Rs 21.0 billion. On its own, the newly acquired plot is expected to generate roughly Rs 11.0 billion in sales..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?