Founded in 2016 by Souvik Sengupta and Aditya Sharda, Infra.Market has emerged as a leader in the supply of building materials. The Accel-backed firm offers a wide range of products, including concrete, steel, pipes and fittings, plywood, fans, lights, and kitchen and electrical appliances. These products serve procurement teams of real estate developers, contractors, and architects.
Infra.Market operates in 20 states across India and has expanded its presence internationally, exporting to Dubai, Singapore, and Italy. The company runs over 260 manufacturing units, with more than 200 focused specifically on concrete production, cementing its position in the building materials sector.
Infra.Market saw significant financial growth in FY24. The company reported a revenue of Rs 14,530 crore, a notable increase from Rs 11,846 crore in FY23. Its profit after tax (PAT) grew by 2.4 times, reaching Rs 378 crore, highlighting the firm’s strong market performance and increasing demand for its products.
In the same sector, Aris Infra, a technology-driven platform for construction material procurement, has also made strides.
The company raised Rs 80 crore in a pre-IPO funding round, led by Mukul Agrawal, founder of Param Capital, along with contributions from Singularity Ventures, an asset management firm managed by Yash Kela, and Sundar Iyer, founder of Suryoday Trust and Rays of Life Foundation, as reported by ET on Thursday.
Infra.Market continues to expand its operations both domestically and internationally, achieving remarkable financial growth in FY24. With its significant market presence and rising demand, the company is positioned as a strong player in the building materials sector.
Meanwhile, competition from emerging platforms like Aris Infra further fuels innovation and growth in the industry.
Also Read: India Leading Global Workplace Digital Transformation, But Faces Cybersecurity Challenges
Swiss President Guy Parmelin will visit Noida International Airport in Jewar on Tuesday, with security…
Sensex and Nifty opened higher, led by private banks. Sensex gained 125 points, while Nifty…
Delhi-NCR is likely to receive rain on October 6 and 7, while strong winds may…
Adani Power and Druk Green Power Corp have announced a 770 MW hydropower project in…
NFR marked 146 years of Darjeeling Himalayan Railway heritage at Sukna, highlighting restoration and preservation.
PM Modi wished Union Minister Jitan Ram Manjhi on his birthday, praising his work for…