JSW One Platforms, the B2B ecommerce arm of JSW Group, has achieved a significant milestone by surpassing the USD 1 billion Gross Merchandise Value (GMV) run rate for the fiscal year 2024. With an exit GMV run rate of approximately Rs 9,420 crores for FY24, the company has experienced remarkable quadruple growth compared to the previous year, where the actual GMV stood at INR 5,200 crores. This achievement solidifies JSW One Platforms' position as one of the fastest-growing tech companies in India.
Gaurav Sachdeva, CEO of JSW One Platforms, attributed this success to the company's strategic focus on digitising the B2B ecosystem. He expressed confidence in the digital transformation of customers within the manufacturing and construction materials sectors, emphasising the pivotal role of online and digital channels. Sachdeva highlighted the company's ambitious target set last year and credited strong tailwinds in the sector, coupled with a robust distribution and supply chain focus, for surpassing the GMV milestone.
As JSW One Platforms looks ahead to its IPO journey over the next 18-24 months, Sachdeva outlined plans to leverage growth opportunities across various customer segments. He emphasised the company's commitment to augmenting its offerings with private brands to meet evolving market demands.
JSW One Platforms aims to sustain high growth rates while expanding into allied categories. The company, which boasts over 70 per cent repeat orders from customers, is revolutionising B2B ecommerce with its tech-enabled marketplace. Operating in 18 states and serving over 53,000 registered users, JSW One Platforms offers end-to-end fulfilment solutions encompassing logistics, finance, and more.
In addition to its core B2B operations, JSW One Platforms operates JSW One Homes, a turn-key home construction business. The company has invested in creating experience centres where customers can engage with contractors and architects, enhancing their digital home construction journey.
JSW One Platforms is the ecommerce venture of the USD 23 billion JSW Group, offering a tech-enabled B2B marketplace called JSW One MSME to cater to the building material needs of Industrial & Construction MSMEs in India. The company also operates JSW One Homes, a turn-key home construction business. Leveraging the combined strength of supply & distribution across JSW Group's Steel, Cement & Paints businesses, JSW One Platforms aims to build a fully integrated ecosystem for MSMEs and individual home builders.
