Gujarat based B2B raw material aggregator company Tradohub targets to reach $1 billion turnover mark in 5 years

Ahmedabad: Gujarat based Tradohub B2B Ltd, which owns and operates Tradohub, a unique Business to Business (B2B) industrial raw materials aggregator for small and medium enterprises (SMEs) today said that in it has set a target of catapulting its turnover by over 20 fold to US $ 1 billion (over Rs 7100 crore by current value) from that of the existing around Rs 330 crore in next 5 year.

Addressing a press conference here today Managing Director of the Ahmedabad headquartered company with business in 7 states and a client base of over 750 SMEs, Akash Domadiya said that his company has seen an increase of over 50% in revenue in one year time as it rose from Rs 200 crore in FY 18 to Rs 330 crore in FY 19. Due to its diverse customer/client base its business has not seen any adverse impact of the general economic slowdown. It is a profitable venture.

‘Now we have planned to expand it to new geographies, verticals and upgrade the technologies. Despite the general slowdown in the economy which has affected various sectors including the SME yet our business is not affected as we deal with diversified businesses. By February this year we want to complete a fund raising round for Rs 50 crore and move ahead with our plans to increase our business to the size of $1 billion by 2025,’ he said.

He said that so far his company was not in to the selling business but would include it during the expansion plan. ‘Our company was founded in 2014 and is an E-Distribution platform that bridges the gap between all kinds of SMEs and large reputed suppliers. We help SMEs procure their raw materials easily and efficiently by combining data, technology, sourcing, aggregation ( negotiation with raw material suppliers on behalf of SMEs ) and financing. Tradohub’s end-to-end Global Sourcing Platform is a combination of Offline as well as Online procurement tools coupled with consistent supply, professional services, global sourcing capabilities and price competitiveness,’ Domadiya said.

He said that by the end of December last year it had more than 750 SMEs as its customers across Food and Agro, Polymers, Chemicals, Pharma, Food Ingredients and other sectors. It has planned to expand to the SMEs in other sectors like construction related raw materials and metals and minerals too and increase the over all base to over 5000 SMEs. Currently Food and Agro segment SMEs made the largest chunk of its client base with 40% followed by Plastic and Polymers 30%, Food Ingredients and Chemicals/Pharma at 10% each and remaining miscellaneous at 10%.

Domadiya said that the company has also planned strategic acquisitions for business expansion. It has planned to enter in to the selling business also and add other value added services too.

DeshGujarat