The Company was incorporated as "IndiaMART InterMESH Limited" on September 13, 1999 as a public limited company under the Companies Act, 1956, with a certificate of incorporation granted by the RoC. the Company received the certificate for commencement of business from the RoC on October 27, 1999. Prior to incorporating the Company, Dinesh Chandra Agarwal, the Managing Director and one of the Promoters, was engaged in the business of operating the website www.indiamart.com through InterMESH Systems, a sole proprietorship firm. Pursuant to an agreement dated January 1, 2000, the Company acquired the assets and liabilities (including the website www.indiamart.com), as appearing in the balance sheet of InterMESH Systems as on December 31, 1999, from Dinesh Chandra Agarwal, for a consideration of Rs.100 million, paid in the form of 8,000,000 Equity Shares and 2,000,000 10% non-cumulative redeemable preference shares of the Company issued to Dinesh Chandra Agarwal.
Major Events and milestones : 1999 - Incorporation of the Company
2003 - Launched TrustSeal for documentary verification of customers
2007 - Received investment from Bennett, Coleman and Company Limited and Times Internet Limited
2008 - Received investment from Intel
2015 - Achieved 100,000 premium customers milestone
2016 - Received investment from Amadeus, Westbridge, AFIM and Intel
2017 - Received further investment from Amadeus, Westbridge and AFIM - Launched payment protection programmed PayX for the purpose of safe and secure payment gateway
2022-IndiaMART InterMESH Limited has entered into an agreement to acquire 100% paid up capital of Busy Infotech Private Limited.
2023 -The Company has issued Bonus Shares in the Ratio of 1:1.
2024 -The Company entered into a Share Purchase Agreement to disinvest its entire 26% stake in share capital of Shipway Technology Private Limited.
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