Sourcing Cash

As IndiaMart’s stock price surges, top management and employees cash in, sell shares worth ₹326 million 

Published 4 years ago on Oct 18, 2019 1 minute Read

The Indian economy may be facing slowdown blues, but there’s one company that has been bucking the trend. The country’s largest online B2B service and product platform, IndiaMart, reported sales growth of 30% YoY in Q1FY20. This was boosted by an increase in the number of suppliers, who pay to list their products on the platform. It also posted a profit of Rs. 324 million compared to a loss of Rs. 564 million in Q1FY19. While stocks linked to consumption and industrial sectors have fallen a victim of economic slowdown, IndiaMart has remained an outlier.