Saturday, July 6, 2024

From America to India: Dinesh Agarwal’s Journey of Founding IndiaMART

If a person can think ahead of time then he is sure to be successful. One such name is that of Dinesh Agarwal, the founder of IndiaMART, who recognized the power of the internet and started IndiaMART years ago and today this company has established its own business venture worth Rs 17000 crore. To achieve this success, Dinesh Agarwal not only used his foresight to think ahead of time but also took big risks.

Dinesh Agarwal was born on 19 February 1969, he graduated in Computer Science from Harcourt Butler Technical University, Kanpur and then worked in many companies to gain experience. After gaining this experience, he started working with CMC company where he created India’s first railway reservation system, later this company was bought by Tata’s TCS company.

Took a big risk to start Indiamart

Always innovating and different, Dinesh Agarwal started working with Sam Pitroda after leaving CMC, where he worked for the Center for Development of Telematics. After this, in search of a better career, he started working in America’s HCL company in 1992. While living in America, he had understood the power of Internet, that is why in 1995, as soon as the then Prime Minister PV Narasimha Rao announced to bring Internet to India, Dinesh Agarwal left his HCL job and returned back with his family.

Although at that time there were only 1500 internet users in the whole of India, still Dinesh Agarwal took the risk of leaving his job and starting his own business. After returning to India, he understood the use of internet and decided to create a website for Indian exporters. In 1996, he along with his brother Brijesh Aggarwal started Indiamart so that Indian exporters could easily reach abroad.

The company which started with Rs 40 thousand was taken to Rs 17000 crore.

Dinesh Agarwal had understood the power of Internet in 1995 itself, the full impact of which is visible in today’s time. After the year 2007, the use of mobile and internet started increasing in India, after which the business of Indiamart started growing more rapidly. Dinesh Agarwal started this company by investing only Rs 40 thousand and today this company is worth Rs 1,70,000 crore.

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