About Us

Founded in February 2001, it is today not only India's largest eCommerce company (having eTransacted worth over Rs 6,58,108 crore till date) but also runs the world's largest eMarketplace for steel.

mjunction services limited operating at the cutting edge of Information Technology and the Internet, is a 50:50 venture promoted by SAIL and TATA Steel. Founded in February 2001, it is today not only India's largest eCommerce company (having eTransacted worth over Rs. 6,58,108 crore till FY18") but also runs the world's largest eMarketplace for steel. The steel and coal supply chain in India has been transformed by mjunction, which has ushered in Efficiency, Transparency and Convenience to the way steel and coal, is bought and sold.

Business volume of the company in terms of transaction value has soared from Rs 94.35 crore in FY02 to Rs 1,01,250 crore in FY18.

mjunction's growth has not only been in terms of transactional value, revenue and profits. In a span of 17 years, it has established a national footprint with presence in more than 25 locations all over the country. Starting out with a team of less than six people at inception, today more than 800 people from different professional and academic backgrounds are working on growing the company at a scorching pace.

Today, mjunction offers a wide range of eSelling, eSourcing, eFinance and Knowledge services across diverse industry verticals that empower businesses with greater process efficiencies. mjunction has service offerings spanning the entire eCommerce spectrum.

mjunction is ISO 9001:2015, ISO 27001:2013 certified and is appraised at CMMI Level 5. It won the “Best E-commerce Company of the Year” Award in the “ET NOW Making of Developed India Awards” 2018.

  • Our

    mj will be customer-focused, technology-driven and innovative as it charts its progress over the next five years. It will seek to create value for its customers whilst consistently achieving a Y-o-Y growth of 25%.

  • Our

    mjunction makes the world a better place everyday, creating robust and sustainable supply chains by bringing in more efficiency and transparency, disintermediating value-destroying middlemen and delivering desired outcomes to stakeholders, always.

  • Our Quality

    "We are committed to create value for our stakeholders by continually improving our systems and processes through innovation involving all our employees."

Our Values:

Customer Focus: We strive to exceed customer expectations for value and service. We will build and maintain customer relationships and ensure long-term satisfaction.

Excellence: We constantly strive to achieve the highest possible standards in our day-to-day work and in the quality of the services we provide.

Innovation: We are motivated to produce creative solutions that meet our customer’s specific needs and situations. New methods, fresh ideas, and a dedication to continuous learning characterizes our work.

Integrity: We act with integrity and conduct our business fairly and ethically, with honesty and transparency.

Financials: We started in 2001, and in the very first year of operations we had done transactions worth Rs 94.35 crore, which has grown manifold over the years. In FY17 our total transactions stood at Rs 1,34,138 crore. In these 16 years, our auction platforms and allied services have helped businesses transact over Rs 5,56,858 crore. This makes mjunction one of India's largest business process management companies, an end-to-end value service provider.

As we continue to grow, we will continue to look at newer markets and verticals that will benefit from application of efficient processes, technology and the Internet in general.

Just as energy is the basis of life itself, and ideas the source of innovation, so is innovation the vital spark of all human change, improvement and progress.

- Theodore Levitt

At mjunction, innovation is a way of life and over the years, our company has come up with ground-breaking innovations in every function, be it operations, customer care, technology or administration. Besides having helped us improve our processes, reduce costs and increase profitability, our continual innovations have succeeded in adding value to our customers as well as had a positive impact on the socio-economic progress of the nation as a whole.

mjunction wins Emerging Business Partner award
mjunction won the "Emerging Business Partner" award from BALCO of Vedanta Group. mjunction is the largest procurement aggregator for BALCO at Korba.

mjunction wins SUFI Digital India Award
mjunction was awarded the "SUFI Digital India Award" 2018 by the Steel Users Federation of India. The award was presented at Mumbai by Shri Chaudhary Birender Singh, Honourable Steel Minister, Government of India and Cabinet Minister, Government of Maharashtra, Mr Raj K. Purohit.

mjunction wins "Best e-commerce Company of the Year"
mjunction won the “Best E-commerce Company of the Year” Award in the “ET NOW Making of Developed India Awards”, which is a part of Digital India Week on 17th February, 2018 in Mumbai.

CEO Mr Vinaya Varma said, "We are happy to receive this award, and I am thankful to ET Now and the jury. mjunction is a leader in B2B ecommerce. From auctioning steel and coal, we have come a long way to include a wide plethora of services in our bouquet -- from auctioning spectrum for Department of Telecommunications to e-bidding of oil and gas fields for DGH, Petroleum Ministry, from commercial papers to tea, from ocean vessel chartering to diamonds, from forest produce to F&B, just to name a few. We are also using futuristic technology such as Artificial Intelligence, Machine Learning and Robotics to provide more innovative solutions to our clients."

mjunction wins Order-of-Merit SKOCH Award
mjunction has won the Order-of-Merit SKOCH Award for its “Integrated e-procurement Solution”. mjunction was conferred the award at the 50th SKOCH Summit on December 20, 2017, at New Delhi. The stringent evaluation process included a presentation to the jury and popular votes.

mjunction wins the 4th CSR Impact Award
mjunction won the 4th CSR Impact Award at the India CSR summit and Exhibition 2017, in the category of CSR Foundation of the Year 2016-17. The activities showcased were the School Integration Program (SIP), English Lab and Employability Linked Program (ELP).

mjunction wins Nasscom East IT Award
mjunction has been awarded the prestigious Nasscom East IT Awards 2017 in the Enterprise category, which is the top category at Nasscom East IT Awards, 2017. The event was graced by West Bengal Chief Minister Ms Mamata Banerjee, finance minister Mr Amit Mitra and IT minister Mr Bratya Basu. The awards were based on parameters such as contribution towards IT, business operations and the company’s future prospects.

mjunction, CEO win Bengal Chamber award
mjunction and its CEO Mr Vinaya Varma, have received the “Special Recognition Award” in the services category in “The Bengal Entrepreneurship Recognition 2016” organised by the Bengal Chamber of Commerce & Industry. The award was given away by Dr Amit Mitra, the Hon'ble Minister for Finance, Commerce & Industries of the government of West Bengal.

mjunction wins CPO award
The CHiPS project of mjunction won the first runner up award in “Outstanding procurement solution provider” category at the 4th Edition of the CPO Awards 2016. The CPO Awards recognise and celebrate the collaborative efforts in the journey towards procurement and supply chain excellence.

mjunction wins BT CSR award
mjunction services limited has won the Bureaucracy Today CSR Excellence award for its ejunction initiative in the "Innovation in CSR Practices" category. There were a total of 356 entries for 32 categories for this award.mjunction wins CPO award

ejunction wins CSR Award
ejunction has won two awards at the CSR Retreat Awards Function organised by the Tata Sustainability Group for the Tata Volunteering Week held from September 5 to 11 in 2014. The categories for which ejunction got the awards are: "Best internal campaign by a company to promote Tata Volunteering Week II" and "Highest percentage of fresh registrations"

mjunction wins Inc. India Innovative 100 Award
mjunction has won Inc. India 2nd Innovative100 Award in the “Most Innovative Product” category. mjunction's entry was T-Mart, the online platform for sourcing tea.

mjunction wins Responsible Supply Chain Award
mjunction services limited was adjudged the winner in the Marketplace Behaviour - Responsible Supply Chain Award category from among 6 companies on the 28th of June, 2013, at the Responsible Business Summit organised by the World CSR Congress in Taj Lands End, Mumbai. This is the second year of the summit as well as the awards. The award was given away by Dr Chandra Mauli Dwivedi, President & Global Head - Corporate HR, Datamatics Global Services Ltd and was received by Prashant Jha of the Mumbai office on behalf of mjunction. The award recognises companies that can positively impact and transform the supply chain through innovation and add value to it. The Responsible Business Summit is a meeting place for organisations to discuss corporate responsibility and sustainability. Experts share their experience and provide insights on tools for successful collaboration, highlight the importance of corporate culture to meet long-term sustainability objectives and also share how once can gain and retain competitive advantage.

Chief Executive of year Award by the Indian Institute of Materials Management
The Indian Institute of Materials Management, has adjudged Mr Viresh Oberoi, Founder CEO and former Managing Director of mjunction services ltd, as the "The Chief Executive of the Year". The award was conferred by the National Headquarters of the Institute in recognition of his invaluable contribution in building mjunction services ltd as the largest e-commerce company in India and the impact that it has had on society by transforming procurement and selling processes into transparent, efficient and convenient services. The award was conferred in Nov 2012.

Apeejay India Volunteers Award
mjunction (for our ejunction initiative) was adjudged as the National Winner in the Employee Volunteering Program of the Year in the Corporate category at the Apeejay India Volunteer Awards 2011 (AIVA) held in New Delhi in September, 2011.

mjunction is adjudged top 25 innovative companies
In August 2009, mjunction was adjudged among the top 25 innovative companies in India by the Tata Group. A case study to this effect was published on mjunction by the Tata group in association with Tata Management Training Centre, Pune in a book titled 'INNOVATION and INNOVATIVENESS ~ The Tata Experience'.

Recognition for Enterprise Procurement System (EPS)
SAIL Rourkela Steel Plant was awarded a Gold Medal for commendable adoption of Enterprise Procurement System (EPS), designed, hosted and implemented by mjunction. The award conferred by the Ministry of Finance, Govt. of India at the 11th National Conference on eGovernance is instituted to reward Public Sector Units (PSU's) for implementing exemplary information and communication technology (ICT) processes. EPS is an innovative and revolutionary application developed by the in-house technology team of mjunction which adds substantial value to the procurement process of PSUs as it eliminates wastage and saves time.

Bhartiya Shiromoni Puraskar - Institute of Economic Studies
The Institute of Economic Studies, New Delhi conferred the 'Bhartiya Shiromoni Puraskar' to Mr. Viresh Oberoi, former Managing Director of mjunction and a "Gold Medal" to mjunction in recognition of enhancing the image of the Country in 2006.

Business Simulation - All India Management Association
mjunction won the Eastern Regional finals of All India Management Association's (AIMA) National Competition for Business Simulation 2006.