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July 21, 2022

To,
BSE Limited National Stock Exchange of India Limited
(BSE: 542726) (NSE: INDIAMART)

Subject: Investor Presentation on the Audited (Standalone and Consolidated) Financial


Results of the Company for the quarter ended June 30, 2022

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,


2015, please find enclosed herewith Investor Presentation on Audited (Standalone and
Consolidated) Financial Results of the Company for the quarter ended June 30, 2022.

The Investor Presentation is also disseminated on the Company’s website at


https://investor.indiamart.com/FinancialResultsStatements.aspx

Please take the above information on record.

Yours faithfully,

For IndiaMART InterMESH Limited

(Manoj Bhargava)
Group General Counsel,
Company Secretary & Compliance Officer
Membership No: F5164

Encl: As above
QUARTER ENDED
JUNE 30, 2022

IndiaMART InterMESH Ltd.


India’s largest online B2B marketplace
connecting buyers with suppliers

Note: Map not to scale


Table of Contents SolarPanels
Solar Panels

04 BUSINESS OVERVIEW

31 S TA N D A L O N E O P E R AT I O N A L P E R F O R M A N C E

41 FINANCIAL PERFORMANCE

73 SUBSIDIARY – BUSY INFOTECH

80 OTHER SUBSIDIARIES

84 A S S O C I AT E S A N D O T H E R I N V E S T M E N T S

98 PRODUCT OVERVIEW

107 TEAM

IndiaMART InterMESH Ltd


Safe Harbour Bamboo Woods
This presentation and the accompanying slides (the “presentation”) contain selected information about the activities of IndiaMART InterMESH Limited Limited (the “Company”) and its
subsidiaries and affiliates (together, the “Group”) as at the date of the presentation. It does not purport to present a comprehensive overview of the Group or contain all the information
necessary to evaluate an investment in the Company.
This presentation is for information purposes only and is not a prospectus, disclosure document or other offering document under any law, nor does it form part of, and should not be
construed as, any present or future invitation, recommendation or offer to purchase or sell securities of the Group or an inducement to enter into investment activity in any jurisdiction,
including the United States. No part of this presentation nor the fact of its distribution should form the basis of, or be relied on in connection with, any contract or commitment or
investment decision whatsoever. If there is any subsequent offering of any security of the Company, it will be made pursuant to a separate and distinct offering documentation. Any
decision to purchase securities in the context of an offering of securities (if any) should be made solely on the basis of information contained in the offering documentation published in
relation to such offering.
This presentation is being communicated to selected persons who have professional experience in matters relating to investments for information purposes only and does not constitute
a recommendation regarding any securities of the Group. Other persons should not rely or act upon this presentation or any of its contents.
The distribution of this presentation in certain jurisdictions may be restricted by law and recipients should inform themselves about and observe any such restrictions.
This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, and the rules
made thereunder, as amended, the Securities and Exchange Board of India ( Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable
law in India.
This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company does not make any representation or
warranty, express or implied, as to and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information contained herein or any statement made
in this presentation. The presentation has not been independently verified. The Company, each member of the Group and their respective affiliates, directors, employees, advisers and
representatives do not accept any liability for any facts made in or omitted from this presentation. To the maximum extent permitted by law, the Company, each member of the Group
and their respective affiliates, directors, employees, advisers and representatives disclaim all liability and responsibility (including without limitation any liability arising from negligence or
otherwise) for any direct or indirect loss or damage, howsoever arising, which may be suffered by any recipient through use of or reliance on anything contained in or omitted from or
otherwise arising in connection with this presentation.
The information contained in, and the statements made in, this presentation should be considered in the context of the circumstances prevailing at the time. There is no obligation to
update, modify or amend such information or statements or to otherwise notify any recipient if any information or statement set forth herein, changes or subsequently becomes
inaccurate or outdated. The information contained in this document is provided as at the date of this document and is subject to change without notice.
No one has been authorised to give any information or to make any representations other than those contained in this presentation, and if given or made, such information or
representations must not be relied upon as having been authorised by the Company or their respective affiliates. The information in this presentation does not constitute financial advice
(nor investment, tax, accounting or legal advice) and does not take into account an investor’s individual investment objectives, including the merits and risks involved in an investment in
the Company or its securities, or an investor’s financial situation, tax position or particular needs.
Past performance information in this presentation should not be relied upon as an indication of (and is not an indicator of) future performance. This presentation contains “forward-
looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the
actual results, performance or achievements of any member of the Group to be materially different from future results, performance or achievements expressed or implied by such
forward-looking statements. Similarly, statements about market and industry trends are based on interpretations of current market conditions which are also subject to change.
Attendees are cautioned not to place undue reliance on forward looking statements. No representation, warranty or assurance (express or implied) is given that the occurrence of the
events expressed or implied in any forward-looking statements in this presentation will actually occur.
This presentation contains data sourced from and the views of independent third parties. In replicating such data in this document, the Company does not make any representation,
whether express or implied, as to the accuracy of such data. The replication of any third party views in this document should not necessarily be treated as an indication that the
Company agrees with or concurs with such views.
The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933 (as amended, the “U .S. Securities Act”) or any state securities laws in the
United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S.
Securities Act and in accordance with any applicable United States state securities laws. The Company does not intend to conduct a public offering of securities in the United States.
You confirm that you are either (i) both a “qualified institutional buyer” as defined in Rule 144A under the U.S. Securities Act and a “qualified purchaser” as defined under the U.S.
Investment Company Act of 1940 in reliance upon section 3(c)(7) of the U.S. Investment Company Act of 1940 , or (ii) a non U.S. Person outside the United States. By receiving this
presentation, you are agreeing to be bound by the foregoing and below restrictions. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

3
IndiaMART InterMESH Ltd
Industrial Furnace

Business
Overview

IndiaMART InterMESH Ltd


Traditional Marketplace to Online Marketplace
Offline Discovery Online Discovery, Anytime, Anywhere
Additional services for business enablement

Conversational
commerce

Multiple payment
options

CRM – Lead
Manager

Accounting

Tax & Invoicing

Business enablement
- SaaS
Post RFQ

5
IndiaMART InterMESH Ltd
India’s Largest Online B2B Marketplace

B2B 2-way
discovery Strong
marketplace is
marketplace network
a growing
Diversified Behavioral effects Subscription
market
across data driven based revenue
categories and algorithmic model with
geographies matchmaking negative
working capital

6
IndiaMART InterMESH Ltd
Services that Empower Businesses

Buyers Suppliers

Diverse set of products & suppliers Web storefront

Multi-lingual search
RFQ – BuyLead

AI driven matchmaking Cloud Telephony – PNS

Specifications & reviews CRM – Lead Manager

Price discovery Accounting

Conversational commerce Business enablement - SaaS

Multiple payment options Logistics SaaS

7
IndiaMART InterMESH Ltd
Well Diversified Across 95,000 Categories

Industrial Plants, Construction & Packaging Material, Consumer Electronics Electrical Equipment Construction Apparel, Clothing & Industrial &
Machinery & Building Raw Material Supplies & Machines & Household and Supplies Machinery, Building Garments Engineering Products,
Equipment Appliances Supplies & Services Spares and Supplies
8% 8% 6% 6% 6% 5% 5% 5%

Mechanical Vegetables, Fruits, Operation Theater, Chemicals, Dyes & Housewares, Home Furniture, Furniture Fertilizers,
Fertilizers, Seeds, Cosmetics,
Seeds, Cosmetics, Toiletries
Toiletries
Components & Parts Grains, Dairy & Other Medical Imaging & Allied Products Appliances, Household Supplies & Furniture Agro Machines,
Machines, &
Agro & Personal
Personal Care
Care
FMCG & Groceries Pathology & Hospital Decorations & Hardware Poultry
Poultry && Animal
Animal Products
Products
Supplies Consumables Husbandry
Husbandry 2%
4% 4% 3% 3% 3% 3% 2%
2% 2%

Kitchen Containers,
Containers, Electronics Pharmaceutical Drugs,
Drugs, Tools, Gifts, Crafts, Antiques
Scientific,
Scientific, Measuring,
Measuring, Kitchen Electronics Pharmaceutical Tools, Machine
Machine Tools,
Tools, Automobiles, Spare Sports Goods, Games,
Utensils, Stove, Components Medicines,
Medicines, Vitamins
Vitamins & & Handmade Automobiles, Spare Sports
Toys & Goods, Games,
Laboratory
Laboratory Instruments
Instruments Utensils, Stove, Components and
and & Power
Power Tools
Tools &
& Hand
Hand Parts and Accessories Accessories
& Supplies
Supplies Cookware,
Cookware, Tableware
Tableware Supplies Other
Other Healthcare
Healthcare Tools Decoratives Parts and Accessories Toys & Accessories
& Supplies Tools
2% & Food
& Food Choppers
Choppers 2% Products
Products 2% 1% 1%
2% 2% 2%
2% 2%
2%
2% 2% 2%
2% 2% 1% 1% 1%
Note: Figures have been rounded off;
*% of total paying subscription suppliers,
56 Industries 86 Mn Products as on June 30, 2022
8
IndiaMART InterMESH Ltd
End-To-End Value Chain Discovery - Truck

Raw Material Machinery Components Final Product

Engine Body
Plastic Steel Tyre
Building
Machine

Bush
Rubber Aluminium Tyre
Steel Roll Plate
Making
Machine

9
IndiaMART InterMESH Ltd
End-To-End Value Chain Discovery - Slippers

Raw Material Machinery Components Final Product

Grinding/Finishing Sole Cutting Sole Straps


Machine Machine

Rubber Sheets Dies

Drill Machine
Strap Inserting Packaging
Machine
Materials

10
IndiaMART InterMESH Ltd
End-To-End Value Chain Discovery - Shirts

Raw Material Machinery Components Final Product

Fabric making Cutting Machines Shirt Fabric


Cotton Yarn Dye machine

Button Machine
Stitching Machine
Collar & Cuffs
Threads & Buttons

Collar & Cuff Machine

11
IndiaMART InterMESH Ltd
Well Diversified Across Geographies

Paying Subscription
Buyers* %
Suppliers % Metro Cities (8)

Delhi NCR, Mumbai, Bengaluru,


Hyderabad, Kolkata, Ahmedabad, Pune
Metro and Chennai
Cities
Metro Tier II 55%
Cities Cities Tier II Cities (69)
32% 25%
Population > 500,000, excluding the cities
covered under metros

Rest of India
(~4,000)
Rest of Tier II
Rest of India Cities
Population <500,000
India 17% 27%
43%
Notes:
1. As on March 31, 2022; Figures have been rounded off
2. Population as per 2011 census
* Basis aggregate buyers who have submitted enquiries during the last 5 years
12
IndiaMART InterMESH Ltd
2-way Discovery Marketplace

Cloud
Telephony

Chat / Email CRM - Lead Manager


CRM – Lead
Buyer Manager Supplier

Verification &
Enrichment

13
IndiaMART InterMESH Ltd
Cloud Telephony – Premium Number Service

Buyers Suppliers

➢ Instant connect ➢ Missed call notification


➢ Call responsiveness ➢ Buyer profile
➢ Call back from suppliers ➢ No unsolicited calls

Helps Measure ROI and Responsiveness

14
IndiaMART InterMESH Ltd
CRM – Lead Manager & Conversational Commerce
~73.5mn Replies* and Callbacks** during Q1 FY23

Reviews &
Ratings
Ratings

Call Option
& Alerts

Direct Buyer Callback


Share Link
Add Notes,
Set Reminders

* Total Replies via desktop, Mobile site, Email and App


** Total Callbacks via Mobile site and App
AI-based Smart Reply
15
IndiaMART InterMESH Ltd
How RFQ / BuyLead Works
Buyer Supplier
Buyer Submits AI-driven
RFQ Selection by Interaction through
Industry Specific Enrichment &
Supplier CRM – Lead
RFQ Matchmaking
Manager

16
IndiaMART InterMESH Ltd
Behavioral Data Driven Algorithmic Matchmaking

Product Location

Buyer
Requirement Supplier
Preferences
AI/ML Algorithm

Quantity
Price

17
IndiaMART InterMESH Ltd
Strong Network Effects
86 Mn
Product Listings
95,000
Categories

Product
Discovery

7.2 Mn 154 Mn
Supplier Storefronts Buyers Registered Buyers
Suppliers
36% Suppliers 54% Repeat Buyers
are Buyers ~100% Organic Traffic

Enquiries &
Conversations

22 Mn(1) Unique Business Enquiries


73.5 Mn(1) Replies* & Callbacks**
Note: Figures as of June 30, 2022; Figures have been rounded off
(1). Figures for Q1 FY23
**Replies via desktop, Mobile site, Email and App
** Callbacks via Mobile site and App only
18
IndiaMART InterMESH Ltd
ROI-driven, Subscription Based Revenue Model

Key Offerings
Platinum

Web Cloud Telephony


Gold Storefront – PNS
Subscription
contributes
95% + of
revenue from
Silver operations Priority RFQ Selection
Annual / Multi Year Listing Credits - BuyLead

Silver CRM – Lead Online Payment


Monthly Manager

Freemium
Free Suppliers Buyer Profile
model

19 19
IndiaMART InterMESH Ltd
Subscription Tier Wise RFQ Quota
Daily RFQ Quota Weekly RFQ Quota

Top 1% contributes
~ 17% of revenue Top 10% contributes
~ 46% of revenue
(ARPU* ~ Rs. 790K) 3–4 50 – 100
(ARPU* ~ Rs. 220K)
Platinum

Gold 2 20 – 30

Silver 1 10
Annual / Multi Year

Silver 1 7
Monthly

*ARPU represents Revenue from operations for the current quarter divided by Paying subscription suppliers at
period end and the same has been multiplied by 4 to represent annualised run-rate
20
IndiaMART InterMESH Ltd
Nationwide Sales and Service Coverage

Strong presence across the length and


breadth of the country

Reach to 1,000+ cities

Field, Tele and Online Sales

~3,000 Own Sales & Client


Servicing team (Renewal & Upsell)

100+ Channel Sales Partners


Note: Figures as of June 30th, 2022

Note: Map not to scale

21
IndiaMART InterMESH Ltd
Constant Innovation and Technology Focus

2009 2013 2017 2019 2020


Request for Price Payment Order Supplier
Quotation – Discovery Program Management Reviews &
BuyLead Protection System Ratings
(Pooraa)

2010 2015 2018 2019


Cloud Behavioral CRM – Lead Voice and
Telephony – Matchmaking Manager Multi-
PNS Language
Search

22
IndiaMART InterMESH Ltd
Key Competitive Strengths

BRAND AND NETWORK DETAILED CATALOGUE


EFFECT WITH PRICING

• ~100% organic search • 86 mn listed products


• 54% repeat buyers • Product specifications
• 36% suppliers are buyers • Pricing, photos & videos
• 4.7 play store rating • Review and ratings
• ~73.5mn(1) replies & callbacks

PROPRIETARY SUPPLIER PRESENCE IN A HIGHLY


BEHAVIORAL DATA FRAGMENTED MARKET

• RFQ selection • 7.2 mn suppliers


• Call responsiveness • Widespread reach
• CRM replies and callbacks • Multi-channel sales and service
• AI-based matchmaking

Note: Figures as of June 30, 2022 , Figures have been rounded off
(1) Total replies & callbacks for Q1 FY23
23
IndiaMART InterMESH Ltd
Strategic Outlook

Improve Engagement
• Commerce enablement
• Fintech and accounting
• Business enablement SaaS

Brands
Strategy
• Focus on large and
medium enterprises

Core SME
Business
• Keep expanding buyer and
supplier network

24
IndiaMART InterMESH Ltd
Enterprise Solutions – ROI Driven Model With PAN India Reach

All trademarks, logos and brand names are the property of their respective owners. Use of any third-party names, trademarks and brands are for reference purposes only.
25
IndiaMART InterMESH Ltd
Enterprise Solutions – ROI Driven Model With PAN India Reach

All trademarks, logos and brand names are the property of their respective owners. Use of any third-party names, trademarks and brands are for reference purposes only.
26
IndiaMART InterMESH Ltd
Journey Towards Commerce and Business Enablement
Enablement of Commerce

Discovery Conversation Commerce

Products Specifications & Prices Buyer & Supplier Negotiations Payments

Photos / Videos Customer History & Reminder Logistics / Tracking

Reviews & Ratings Quotations & Invoicing Transaction Financing

Enablement of Business

Inventory Order Accounting / Receivables Procurement Tax Distributor


Management Management Invoicing Compliance Management Payroll
Management Management

27
IndiaMART InterMESH Ltd
Strategic Investments Done So Far

Business Legal Tech Transport Invoice Discounting Enterprise Resource Vertical


Accounting HR Tech
Platform Management and Factoring Planning Software Commerce
Software
27.5% 15.4% 25% 7.7% 100% 26% 10%

Aug’19 Mar’21 Apr’21 Nov’21 Jan’22 Feb’22 Mar’22


May’20 Apr’21 Aug’21 Dec’21 Feb’22 Feb’22 Mar’22

Inventory and
Distribution and Autonomous
Shipping Operations Warehouse Accounting Accounting
Salesforce Procurement Platform Logistics Tracking
Automation Management Software Integration Software
Management
26% 26% 26% 16.5% 26% 51.1%
17%

Holding
28
IndiaMART InterMESH Ltd
Accounting – Strategic Fit for IndiaMART

Supplier Access to New


• Business Necessity Recommendations Companies

• High Customer Stickiness

• Large and Growing Market Invoice


Discounting / Accounting Access to SKU
Transaction
Software Level Data
• Subscription based Revenue Model Financing

Accurate Accurate
Inventory Pricing

~ Rs. 650 crores invested in Accounting space

Represents opportunities available for IndiaMART 29


29
29
IndiaMART InterMESH Ltd
Investments in Accounting

~ 1 Mn businesses ~ 6 Mn1 businesses on Tally


Large

Provide mobile and cloud


Client Enterprises Served

functionality to Tally users


Medium
Small

Logistics Tracking,
Mobile First Cloud Traditional On-Premise
Freight Aggregation,
etc.
Service Delivery Model
Source 1: Media reports
All trademarks, logos and brand names are the property of their respective owners.
Use of any third-party names, trademarks and brands are for reference purposes only.
30
IndiaMART InterMESH Ltd
Air Compressors

IndiaMART InterMESH Ltd


Traffic*
(Figures in Millions)

Yearly trends Quarterly trends

26% (4)%
CAGR YoY

1071 284
960 268 260
259 257

723 748

553

326
262

Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22

~80% of traffic is through mobile


*Traffic is defined as the number of visits on the desktop website, mobile website and mobile app of the company
Figures have been rounded off`
32
IndiaMART InterMESH Ltd
Indian Supplier Storefronts
(Figures in Millions)

Yearly trends Quarterly trends

21% 10%
CAGR YoY

7.2
7.1 7.1
7.0
6.5
6.7
6.0 6.6
5.5

4.7

3.2

2.3

Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22

Figures have been rounded off`


33
IndiaMART InterMESH Ltd
Paying Subscription Suppliers
(Figures in Thousands)

Yearly trends Quarterly trends

15% 23%
CAGR YoY
179
169
169
147 152
156
130 150
146
108
96

72

Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22

Figures have been rounded off`


34
IndiaMART InterMESH Ltd
Total Products Live
(Figures in Millions)

Yearly trends Quarterly trends

22% 16%
CAGR YoY

83 86
83
72 80
67
61 76
74
50

33
25

Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22

Figures have been rounded off`


35
IndiaMART InterMESH Ltd
Registered Buyers
(Figures in Millions)

Yearly trends Quarterly trends

33% 17%
CAGR YoY

154
149 149
138 143
131
125

102
83

60

39
38 38 38 38 38 37
35
29 30
22
13
Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
Last 12 months active buyers*

* Active buyers indicate buyers who have submitted enquiries during the last 12 months

Figures have been rounded off`


36
IndiaMART InterMESH Ltd
Unique Business Enquiries*
(Figures in Millions)

Yearly trends Quarterly trends

27% (15)%
CAGR YoY

26 26
96 97
23 23
22
73 74

53

31
23

Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22

* Buyer posting an enquiry is one unique buyer for that day. If the same buyer posts another enquiry on a different day, he is considered as a different unique buyer. Sum of all such unique quarterly & yearly
buyers is mentioned in the Quarterly and Yearly trends, respectively
Figures have been rounded off`
37
IndiaMART InterMESH Ltd
Business Enquiries Delivered*
(Figures in Millions)

Yearly trends Quarterly trends

Total to Unique
5.1 x 5.1 x 5.5 x 6.2 x 6.3 x 6.4 x 5.7 x Business 6.3 x 5.9 x 5.2 x 5.2 x 5.2 x
Enquiries Ratio

610 162
550 151

449 464
117 120
115

290

157
115

Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22

• Total to Unique Business Enquiries Ratio = Business Enquiries Delivered divided by Unique Business Enquiries during that period
• Decline in total to business enquiries ratio from Sept 21 onwards is due to certain algorithmic changes leading to better matchmaking and higher efficiency.
Figures have been rounded off`
38
IndiaMART InterMESH Ltd
Annualised Revenue Per Paying Subscriber
(₹ in ‘000s)

Yearly trends Quarterly

5% (4)%
CAGR YoY

44.3 49.7
42.3 43.6 48.4 48.0 47.4 47.6
37.2 38.4
32.9 32.1

Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22
Represents Revenue from operations for the period divided by Paying subscription suppliers at period end
For the purposes of Quarter, the same has been multiplied by 4 to represent annualised run-rate

Figures have been rounded off`


39
IndiaMART InterMESH Ltd
Employees

Yearly trends Quarterly trends

459
437 459 685
466
520 458
436 419 464 475
424

2,631 2,106 1,942 2,249 2,524 2,150 3,065 2,376 2,343 2,586 3,065 3,002
FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23

Total
3,249 2,713 2,539 2,915 3,150 2,701 3,672 employees 2,982 2,959 3,185 3,672 3,835

Sales, supervision & servicing Product & Tech Corporate


40
IndiaMART InterMESH Ltd
Fly Ash Bricks

Consolidated Section

IndiaMART InterMESH Ltd


Q1 FY23 Results Overview (Consolidated)

Total Income

₹ 226 Cr
7%

Revenue from Operations EBITDA Deferred Revenue

₹ 225 Cr ₹ 64 Cr ₹ 961 Cr
24% 28 % 34%
29% Margin

Cash Generated from Net Profit Cash and Investments

₹ 47 Cr ₹ 1,882 Cr
Operating Activities

₹ 75 Cr
Cr eat ed by popcor nar t s
f r om t he oun r oject

22% 47% 22%


21% Margin

Results are compared against Q1 FY22 Calculated YoY


42
IndiaMART InterMESH Ltd
Financial Performance – Consolidated (₹ in Crores)

YoY QoQ
Financial Metrics Q1 FY23 Q1 FY22 Q4 FY22
Change Change
Revenue from Operations 225 182 24% 201 12%
Other Income 1 29 (97%) 30 (97%)
Total Income 226 211 7% 231 (2%)
Manpower Cost1 85 54 58% 80 6%
Outsourced Sales Cost 32 13 140% 29 7%
Other Operating Expense 36 25 46% 27 32%
Total Expenses 153 92 66% 137 12%
Adjusted EBITDA1 72 90 (20%) 64 11%
Adjusted EBITDA Margin(%) 32% 49% 32%
Employee share based payment expense 7 1 638% 7 4%
EBITDA 64 89 (28%) 57 12%
EBITDA Margin(%) 29% 49% 28%
2
Others 8 5 64% 4 78%
Tax Expense 4 24 (83%) 19 (79%)
Adjusted Net Profit 54 89 (40%) 63 (15%)
Adjusted Net Profit Margin(%) 24% 42% 27%
Share in net loss /(income) of Associates 7 1 370% 6 18%
Net Profit 47 88 (47%) 57 (19%)
Net Profit Margin(%) 21% 42% 25%

EPS (Rs.) 15.3 29.0 (47%) 18.8 (19%)


Cash Generated from Operating Activities 75 61 22% 158 (52%)
Collections from Customers 254 170 49% 318 (20%)

1. Excluding employee share-based payment expense


2. Others include – Depreciation, Amortization, Finance Cost and Net Loss on Financial Liability at FVTPL
43
IndiaMART InterMESH Ltd
Balance Sheet - Consolidated (₹ in crores)

FY22 FY23
As at end of FY21 Q1 Q2 Q3 Q4 FY22 Q1
Assets
Fixed Assets (incl. intangible assets) 3 2 2 2 3 3 61
Goodwill* - - - - - - 456
Right-of-use assets 63 59 57 55 53 53 51
Other assets** 44 36 36 41 52 52 52
Cash, bank & current investments 2,365 2,421 2,466 2,523 2,419 2,419 1,882
Investment in associates & others 37 66 101 144 421 421 442
Total 2,512 2,584 2,662 2,765 2,949 2,949 2,944
Liabilities
Capital (incl. reserves) 1,611 1,700 1,738 1,810 1,874 1,874 1,804
Deferred revenue & customer advances 726 715 756 790 907 907 961
Provisions & payables 67 60 63 62 66 66 65
Statutory liabilities 22 17 15 18 29 29 15
Deferred tax & current tax liabilities (net) 21 30 30 26 16 16 11
Lease liabilities 63 61 60 58 56 56 54
Other financial liabilities 0.5 1 1 1 1 1 34
Total 2,512 2,584 2,662 2,765 2,949 2,949 2,944

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
*On account of acquisition through business combination which includes Rs. 414cr of Busy Infotech and Rs. 42cr of Finlite Technologies
** includes inventory
44
IndiaMART InterMESH Ltd
Collections from Customer - Consolidated
(₹ in crores)

Yearly trends Quarterly trends

20% 49%
CAGR YoY

934
318
738 711
671
254

509 223 222

386 171
315

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
45
IndiaMART InterMESH Ltd
Cash Generated From Operating Activities - Consolidated
(₹ in Crores)

Yearly trends Quarterly trends

402 158

323

255 261 99
84
75
179
61

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
-1
-56
% of
-18% 0% 35% 38% 35% 45% 43% 36% 44% 38% 50% 29%
Collections

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
46
IndiaMART InterMESH Ltd
Deferred Revenue* – Consolidated
(₹ in Crores)

Yearly trends Quarterly trends

23% 34%
CAGR YoY

907 961#
907

726 790
685 756
715
586

424
325
257

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

• Refers to contract liabilities in the financial statements, i.e. including advances from customers 47
• # Includes deferred Revenue and advances from customers of Rs 25.6Cr on account of first time Ind AS adoption by Busy Infotech Pvt Ltd.
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off

IndiaMART InterMESH Ltd


Revenue from Operations – Consolidated
(₹ in Crores)

Yearly trends Quarterly trends

20% 24%
CAGR YoY

753 225
670
639
201
188
507 182 182

411
318
246

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY22

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
48
IndiaMART InterMESH Ltd
EBITDA - Consolidated
(₹ in Crores)

Yearly trends Quarterly trends

328 89
308 83
79
64
57
169

82
47

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

(54)
(126)

EBITDA
(51%) (17%) 11% 16% 26% 49% 41% 49% 46% 42% 28% 29%
Margin
The company has adopted IND AS -116 from 1st April 2019, the nature of expenses in respect of operating leases has changed from lease rent (in other expenses) into depreciation cost against the right-of-use asset and
finance cost against interest accrued on lease liability. Consequently, EBITDA may not be directly comparable

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
49
IndiaMART InterMESH Ltd
Adjusted EBITDA – Consolidated
(₹ in Crores)

Yearly trends Quarterly trends

334 90
318 85
80
72
64
177

92%
50%
FY16 FY17 47 82 169 328 308
(126)
FY16 (54)
FY17 FY18 FY19 FY20 FY21 FY22

(56)%
89 83 79 57 64
(127)
Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23

Adjusted
(51%) (16%) 12% 18% 28% 50% 42% EBITDA 49% 46% 42% 32% 32%
Margin

Share based compensation expense


Adjusted EBITDA is EBITDA before share-based compensation expense
50
IndiaMART InterMESH Ltd
EBIT - Consolidated
(₹ in Crores)

Yearly trends Quarterly trends

312 85
296 80
76

58
54
148

78
44

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

(59)
(129)

EBIT
(53%) (19%) 11% 15% 23% 47% 39% 47% 44% 40% 27% 26%
Margin

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
51
IndiaMART InterMESH Ltd
PAT - Consolidated
(₹ in Crores)

Yearly trends Quarterly trends

88
82
298
280 70
57
47
147

55
20

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

(64)

(132)

PAT
(52%) (19%) 13% 4% 21% 37% 34% 42% 38% 33% 25% 21%
Margin

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
52
IndiaMART InterMESH Ltd
Revenue – Legal Entity View
(₹ in Crore)

Particulars Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23


Revenue from Operations
IndiaMART InterMESH Ltd 181 182 187 201 213
Pay With IndiaMART Pvt Ltd 0.7 0.7 0.6 0.6 0.7
Tolexo Online Pvt Ltd 0.1 0.3 0.3 0.3 0.3
Busy Infotech Pvt Ltd* - - - - 10.5
Finlite Technologies Pvt Ltd* - - - - 0.2
182 183 188 202 225
Inter Company Adjustments (0.2) (0.2) (0.1) (0.2) (0.2)
Consolidated Revenue from Operations 182 182 188 201 225

~95% of revenue contributed by IndiaMART standalone business

* Forms part of "Accounting Software Services" segment as reported in Note no. 32 Segment information in the Consolidated Financial Statements
Notes:
1. Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
53
IndiaMART InterMESH Ltd
EBITDA – Legal Entity View
(₹ in Crore)

Particulars Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23


EBITDA
IndiaMART InterMESH Ltd 89.7 84.3 79.8 58.3 59.8
Pay With IndiaMART Pvt Ltd 0.1 0.0 0.1 0.1 0.1
Tolexo Online Pvt Ltd (1.1) (1.1) (1.2) (1.0) (0.2)
Busy Infotech Pvt Ltd* - - - - 4.9
Finlite Technologies Pvt Ltd* - - - - (0.5)
88.6 83.2 78.8 57.4 64.2
Inter Company Adjustments (0.0) 0.0 (0.0) 0.0 (0.0)
Consolidated EBITDA 88.6 83.2 78.7 57.3 64.2

~93% of EBITDA contributed by IndiaMART standalone business

* Forms part of "Accounting Software Services" segment as reported in Note no. 32 Segment information in the Consolidated Financial Statements

Note:
1 Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
54
IndiaMART InterMESH Ltd
Historical Financial Metrics
(₹ in Crore Consolidated)

Financial Metrics FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 FY-22


Total Income 251 332 430 548 707 756 866

Revenue from Operations 246 318 411 507 639 670 753

EBITDA (126) (54) 47 82 169 328 308

EBITDA Margin (%) (51%) (17%) 11% 16% 26% 49% 41%

EBIT (129) (59) 44 78 148 312 296

EBIT Margin (%) (53%) (19%) 11% 15% 23% 47% 39%

Adjusted Net Profit for the period* (124) (45) 63 85 147 283 310

Adjusted Net Profit Margin (%) (50%) (14%) 15% 16% 21% 37% 36%

Net Profit for the period (132) (64) 55 20 147 280 298

Cash Generated from Operating Activities (56) (1) 179 255 261 323 402

Collections from Customer 315 386 509 671 738 711 934

Deferred Revenue (period end) 257 325 424 586 685 726 907

Cash and Investments (period end) 159 177 388 685 931 2,365 2,419

• Net Profit has been adjusted for FVTPL expenses or adjustments and one-time benefits of Deferred Tax & share in net loss of Associates
• Deferred revenue includes Advances from Customers

55
IndiaMART InterMESH Ltd
Electric Vehicles

Standalone Basis

IndiaMART InterMESH Ltd


Financial Performance – Standalone (₹ in Crores)

YoY QoQ
Financial Metrics Q1 FY23 Q1 FY22 Q4 FY22
Change Change
Revenue from Operations 213 181 18% 201 6%
Other Income (3) 30 (109%) 25 (111%)
Total Income 211 211 (0.1%) 226 (7%)
Manpower Cost1 81 53 52% 79 2%
Outsourced Sales Cost 32 13 140% 29 7%
Other Operating Expense 34 24 40% 27 27%
Total Expenses 146 90 62% 135 8%
Adjusted EBITDA1 67 91 (26%) 65 3%
Adjusted EBITDA Margin(%) 31% 50% 32%
Employee share based payment expense 7 1 638% 7 4%
EBITDA 60 90 (33%) 58 3%
EBITDA Margin(%) 28% 50% 29%
2
Others 5 5 2% 4 11%
Profit Before Tax 52 115 (54%) 79 (34%)
Tax Expense 3 24 (85%) 19 (82%)
Net Profit 49 91 (46%) 60 (18%)
Net Profit Margin(%) 23% 43% 26%
EPS (Rs.) 16.0 29.9 (47%) 19.6 (18%)

Cash Generated from Operating Activities 69 63 9% 159 (57%)


Collections from Customers 241 170 42% 318 (24%)
1. Excluding employee share-based payment expense
2. Others include – Depreciation, Amortization, Finance Cost and Net Loss on Financial Liability at FVTPL
57
IndiaMART InterMESH Ltd
Balance Sheet - Standalone (₹ in Crores Standalone)

FY22 FY23
As at end of FY21 Q1 Q2 Q3 Q4 FY22 Q1
Assets
Fixed Assets (incl. intangible assets) 3 2 2 2 3 3 7
Right-of-use assets 63 59 58 55 53 53 50
Other assets 41 33 33 38 49 49 45
Cash, bank & other investments 2,359 2,417 2,461 2,509 2,414 2,414 1,773
Investment in subsidiaries 9 39 67 90 86 86 658
Investment in associates & others 41 41 52 85 360 360 364
Total 2,516 2,591 2,673 2,779 2,965 2,965 2,897
Liabilities
Capital (incl. reserves) 1,617 1,708 1,750 1,826 1,892 1,892 1,824
Deferred revenue & Customer Advances 726 715 756 790 907 907 935
Provisions & payables 67 59 62 61 64 64 59
Statutory liabilities 22 17 15 18 29 29 14
Deferred tax & current tax liabilities (net) 21 30 29 26 16 16 5
Lease liabilities 63 61 60 58 56 56 54
Other financial liabilities - 1 1 1 1 1 6
Total 2,516 2,591 2,673 2,779 2,965 2,965 2,897
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
58
IndiaMART InterMESH Ltd
Collections from Customer - Standalone
(₹ in Crores)

Yearly trends Quarterly trends

20% 42%
CAGR YoY

932
318

722 707
661
241
223 221
502

377 170
306

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1FY23

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
59
IndiaMART InterMESH Ltd
Cash Generated From Operating Activities - Standalone
(₹ in Crores )

Yearly trends Quarterly trends

73% 9 %
CAGR YoY
407
159
326

259 264
100
183 85
69
63

59
15

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

% of
5% 16% 36% 39% 37% 46% 44% 37% 45% 38% 50% 28%
Collections

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
60
IndiaMART InterMESH Ltd
Deferred Revenue* - Standalone
(₹ in Crores)

Yearly trends Quarterly trends

23% 31%
CAGR YoY
935
907 907
790
756
715
726
684
585

423
325
256 63% 63% 62%
64% 62% 63% 63%
61% 61%
63% 61%
64%

FY 16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

~19% of deferred revenue gets recognized within next 3 months


* Refers to contract liabilities in the financial statements, i.e. including advances from customers
Current
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
61
IndiaMART InterMESH Ltd
Revenue from Operations - Standalone
(₹ in Crores)

Yearly trends Quarterly trends

21% 18%
CAGR YoY

751
213
665 201
624 181 182 187

497
404

309
238 79% 81%
80% 79% 80%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23
% of revenue recognized from opening deferred revenue

~46% of revenue contributed by top 10% & ~17% of revenue contributed by top 1% of paying subscription suppliers

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
62
IndiaMART InterMESH Ltd
Adjusted EBITDA – Standalone
(₹ in Crores)

Yearly trends Quarterly trends

339 91
322 86
81
67
65
180

88%
(53) (2)% 52%
FY16 FY17 49 80 173 333 312
(54)
FY16 (4)
FY17 FY18 FY19 FY20 FY21 FY22

90 84 80 58 60
Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23

Adjusted
(22%) (1%) 13% 18% 29% 51% 43% EBITDA 50% 47% 43% 33% 31%
Margin

Share based compensation expense


Adjusted EBITDA is EBITDA before share-based compensation expense
63
IndiaMART InterMESH Ltd
EBITDA - Standalone
(₹ in Crores)

Yearly trends Quarterly trends

333
312 90
84
80

58 60
173

80
49

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
(4)
(54)
EBITDA
(23%) (1%) 12% 16% 28% 50% 42% 50% 46% 43% 29% 28%
Margin
The company has adopted IND AS -116 from 1st April 2019, the nature of expenses in respect of operating leases has changed from lease rent (in other expenses) into depreciation cost against the right-of-use asset and
finance cost against interest accrued on lease liability. Consequently, EBITDA may not be directly comparable

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
64
IndiaMART InterMESH Ltd
EBIT - Standalone
(₹ in Crores)

Yearly trends Quarterly trends

317 87
300 81
77

55 56

152

76
46

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
(8)
(56)

(24%) (2%) 12% 15% 24% 48% 40%


EBIT
48% 45% 41% 28% 26%
Margin

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
65
IndiaMART InterMESH Ltd
PAT - Standalone
(₹ in Crores)

Yearly trends Quarterly trends

310
287 91
85
74
60
146 49

13

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
(13)
(59)
(72)
PAT 43% 23%
(24%) (4%) (18)% 2% 21% 38% 36% 40% 36% 26%
Margin

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
66
IndiaMART InterMESH Ltd
Margin Leverage - Standalone
(Total expenses as a % of revenue from operations Standalone)

Yearly trends Quarterly trends

123%

101% 72%
71%
88%
84%
57%
72% 54%
50%
58%
50%

58% 56%
71% 65% 58% 56% 40% 43%
52% 37%
45%
38%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23
Employee benefit and outsourced sales cost Other Expense

The company has adopted IND AS -116 from 1st April 2019, the nature of expenses in respect of operating leases has changed from lease rent (in other expenses) into depreciation cost against the right-of-use asset and finance
cost against interest accrued on lease liability. Consequently, margin leverage may not be directly comparable
Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
67
IndiaMART InterMESH Ltd
Cash and Investments* - Standalone
(₹ in Crores )

Yearly trends Quarterly trends

59% (27)%
CAGR YoY

2,359^ 2,414 2,417 2,461 2,509 2,414

1,773

920
678
384
152 176

Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22

• Refers to Cash and Cash Equivalents and investments in Mutual Funds in the financial statements
• Cash and Investments in March 2021 includes Rs. 1,070 crores raised by company through QIP in February 2021
• Decline as of June 30th, 2022 is primarily on account of cash outflow relating to acquisition of Busy Infotech Pvt Ltd, Finlite technologies Pvt Ltd and share buyback completed during the quarter.

68
IndiaMART InterMESH Ltd
Functional P&L* - Standalone (₹ in Crores)

FY22 FY23
During the period FY18 FY19 FY20 FY21 Q1 Q2 Q3 Q4 FY22 Q1

Revenue from Operations 404 497 624 665 181 182 187 201 751 213
Customer service cost (135) (158) (174) (122) (33) (36) (39) (52) (160) (51)
Surplus over customer service
269 339 450 543 148 146 148 149 591 162
cost
Gross Margin 67% 68% 72% 82% 82% 80% 79% 74% 79% 76%

Selling & distribution cost (90) (100) (113) (80) (20) (21) (27) (41) (110) (44)
Technology & content cost (81) (102) (104) (85) (24) (27) (28) (32) (111) (38)
Marketing Cost (5) (5) (5) (2) (1) (1) (1) (1) (3) (1)
Depreciation & amortization (3) (4) (21) (16) (3) (3) (3) (3) (12) (3)
Other operating expenses (43) (52) (55) (43) (13) (13) (14) (16) (56) (19)
Total (222) (263) (298) (226) (61) (65) (73) (93) (291) (106)
Operating Profit 46 76 152 317 87 81 77 55 300 56
Operating Margin 12% 15% 24% 48% 48% 45% 41% 28% 40% 26%

Refer to Note no. 34 of Standalone Financial Statements for year ended 31 March 22 for detailed assumptions

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
69
IndiaMART InterMESH Ltd
Gross Profit (Surplus over customer service cost) - Standalone
(₹ in Crores)

Yearly trends Quarterly trends

591
543 162

450 148 148 149


146
339
269
196

FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

Gross
63% 67% 68% 72% 82% 79% 82% 80% 79% 74% 76%
Margin

Refer to Note no. 34 of Standalone Financial Statements for the quarter ended 30 June 2022 for detailed assumptions

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
70
IndiaMART InterMESH Ltd
Selling & Distribution costs - Standalone
(₹ in Crores)

Yearly trends Quarterly trends

113 110 41 44
100
90
77 80
27

20 21

FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

18% 12% 15%


% to
25% 22% 20% 11% 12% 14% 21% 21%
revenue

Refer to Note no. 34 of Standalone Financial Statements for the quarter ended 30 June 2022 for detailed assumptions

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
71
IndiaMART InterMESH Ltd
Technology & Content costs - Standalone
(₹ in Crores)

Yearly trends Quarterly trends

38
111
102 104 32
85 27 28
81
24
71

FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

17% 13% 15%


% to
23% 20% 21% 13% 15% 15% 16% 18%
revenue

Refer to Note no. 34 of Standalone Financial Statements for the quarter ended 30 June 2022 for detailed assumptions.

Note: Above figures have been calculated by dividing financials (in mn) by 10; Figures have been rounded off
72
IndiaMART InterMESH Ltd
Harbour crane

Subsidiary –
Busy Infotech

IndiaMART InterMESH Ltd


Busy – Business Accounting Software

Invest in Team & Awareness

Accelerate Revenue growth

Increase New Licenses Sold

https://busy.in/ IndiaMART acquired 100% in Busy Infotech Pvt. Ltd.


74
IndiaMART InterMESH Ltd
Product Features

Financial Inventory Analytics/ Configurable TDS and TCS


Accounting Management Reports Invoicing

Production GST Scheme GST E - Way


and Job Reconciliation Management Invoicing Bills
Work

75
IndiaMART InterMESH Ltd
Growth Opportunity – Geographic Expansion

Distribution of Businesses in India* Cumulative Busy Licenses Sold


East West East
West
17% South 8% 11%
21%
8%

South North
25% North
73%
37%

Significant penetration opportunity across regions


* Based on the data of GST registered businesses (i.e. 13Mn+) across India

76
IndiaMART InterMESH Ltd
Q1 FY23 Results Overview

Total Income

₹ 10.9 Cr
Deferred Revenue and
Revenue from Operations Billing Advances

₹ 10.5 Cr ₹ 13.0 Cr ₹ 25.6 Cr

Cash Generated from


Net Profit Cash and Investments
Operating Activities

₹ 7.3 Cr ₹ 4.0 Cr
Cr eat ed by popcor nar t s
f r om t he oun r oject

₹ 69.4 Cr

77
IndiaMART InterMESH Ltd
License Sold
(Figures in ‘000)

Yearly trends Quarterly trends

10% 10%
CAGR YoY

301
311
278
253 23
228 26 301 9
25
34 294 7
289 5
283 7
4

FY19 FY 20 FY21 FY 22 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23

New License sold


78
IndiaMART InterMESH Ltd
Billing*
(₹ in Crores)

Yearly trends Quarterly trends

9 % 70%
CAGR YoY

46 15
41
13
35 12
32 11

FY19 FY 20 FY21 FY 22 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23

*Billing indicates value of invoices, excluding GST, issued during the period
79
IndiaMART InterMESH Ltd
PVC Pipes

Other
Subsidiaries

IndiaMART InterMESH Ltd


Livekeeping – Mobile Integration with Tally

Tally on Mobile - Integration with Tally software to provide Value Added


Services with Mobile and Cloud first approach

Invoicing
Tally
• GST compliant Invoicing
• Record entries on mobile • Remote invoice and PO
• Auto back-up on cloud creation

Receivables &
Dashboard Payables

• Real Time Profitability Analysis • Collection status, reminders


• Accounting information on the go • Ageing analysis

All trademarks, logos and brand names are the property of their respective owners.
Use of any third-party names, trademarks and brands are for reference purposes only.
IndiaMART Holding: 51.1% in Finlite Technologies Pvt. Ltd.
https://www.livekeeping.com/
81
IndiaMART InterMESH Ltd
Pay With IndiaMART – Instant online collections and payments

Facilitates online collections via various online modes


such as credit / debit cards, UPI, Netbanking etc.

Robust Buyer Protection Buy Now, Pay At Ease Multiple Payment Options Strong Security
EMI enabled Buy from sellers across
All major credit/debit cards,
Secure your payments India with a secure
(Easy Monthly Instalments) UPI, net banking and wallet
options payment network

https://paywith.IndiaMART.com/ IndiaMART Holding: 100% in Pay with IndiaMART Pvt Ltd.


82
IndiaMART InterMESH Ltd
Pooraa – Order to Cash Management

Pooraa brings a simple & easy-to-use system that helps


manage business better while offering quality experience to
customers

Inventory
Management
Customer
Management
Analytics &
Reports
Tally
Pricing
Integration
Management
Order
Management
Catalog Payment
Management Reminders
Invoicing

https://pooraa.com/ IndiaMART Holding: 100% in Tolexo Online Pvt Ltd.


83
IndiaMART InterMESH Ltd
CT Scan Machine

Associates & Other


Investments

IndiaMART InterMESH Ltd


RealBooks – Online Accounting Software

A cloud-based GST compliant accounting-inventory-payroll software


that helps users take better financial decisions

GST
Multiple Location
Access
Integrated Tax Fully Automated
Compliances Branch Accounting

Dashboard
Dashboard &&
Analytics
Analytics Works
Works on
on all
all OS
OS
Secured
Secured Cloud
Cloud
Based
based Accounting

https://realbooks.in/ IndiaMART Holding: 26% in Adansa Solutions Pvt Ltd.


85
IndiaMART InterMESH Ltd
AERCHAIN – AI-Driven Procurement Platform

Aerchain is a Source to Pay platform helping enterprises


optimize their procurement by leveraging Artificial Intelligence

Strategic Tail Spend Aerchain Pay Procure to Pay


Sourcing Automation Automation Automation

• E-Sourcing using RFXs • Right sourcing from • AP automations with • Vendor portal for
• Auction – E-bidding Supplier Compliances order management
• Spend Analytics • Budgeting & Insights • Rate contracts

https://aerchain.io/ IndiaMART Holding: 26.2% in Agillos e-commerce Pvt Ltd.


86
IndiaMART InterMESH Ltd
EasyEcom – Inventory and Warehouse Management

Easy Ecom offers SaaS based commerce enablement


solutions to merchants for inventory management

Warehouse and Inventory Management Accounting Automation


• Supplier & PoS Management • Real time ERP integration
• Automated PO Generation • Automated Tax Report
• 3PL Integration

Marketplace & Storefront Integration Reconciliation


• Inventory • Payment
• Return • Margin

https://www.easyecom.io/ IndiaMART Holding: 26% in Edgewise Technologies Pvt Ltd.


87
IndiaMART InterMESH Ltd
IB Monotaro – B2B Commerce Platform

Industrial B2B E-Commerce marketplace with exclusive range of utility


products

MRO Category Commerce

• Partnership with MonotaRo -


Japanese B2B E-commerce leader
• 6 Lakh + SKUs across 40+ categories

IndiaMART Holding: 26% in IB Monotaro Pvt. Ltd.


88
IndiaMART InterMESH Ltd
Shipway – Shipping Operations Automation

SaaS solutions for automating shipping workflows

COD Fraud
Prevention

Automated Fulfillment
Returns & Automation
Instant Refunds

50+ API
Integrations
Automated Track & Notify
Non-delivery with Real Time
Follow-ups Notifications

https://shipway.com/ IndiaMART Holding: 26% in Shipway Technology Pvt Ltd.


89
IndiaMART InterMESH Ltd
Fleetx – Logistics Tracking

Freight and fleet management platform which helps businesses digitize


their logistics operations and provides real-time actionable insights

Inbound Logistics
Fleet Operations
• Real time vendor
• Digitise operations &
Collaboration
workflows
• Risk analysis
• Monitor vehicle
performance

Outbound Logistics
In Plant Logistics
• Algorithmic route planning,
• RFID based Vehicle
• In- transit monitoring
tracking

https://www.fleetx.io/ IndiaMART Holding: 16.5% in Fleetx Technologies Pvt Ltd


90
IndiaMART InterMESH Ltd
Legistify – Legal Tech Platform

Legal tech platform that helps businesses to


manage and resolve legal disputes

Litigation Legal Notices SaaS enabled Lawyer IP


Tracking Management marketplace Performance Management

Track existing Track & Discover, hire Based on Patent/


litigations manage relevant past records, Trademark
from 7,000+ incoming/ lawyers reviews tracking
courts outgoing legal
notices

https://www.legistify.com IndiaMART Holding: 15.4% in Legistify Services Pvt Ltd.


91
IndiaMART InterMESH Ltd
Bizom – Distribution and Salesforce Management

Bizom is an integrated platform for distribution and salesforce


management of businesses

Retailer Automation Distributor Automation Advance Analytics

Sales and Financial


Salesforce Automation Backoffice Management
Integration

https://bizom.com/ IndiaMART Holding: 17.1% in Mobisy Technologies Pvt Ltd.


92
IndiaMART InterMESH Ltd
M1xchange – Invoice Discounting & Factoring

M1xchange is a TReDS platform with RBI license offering


online trade invoice discounting solutions to SMEs

T+1 Settlement Collateral Free

24 hours Basis Buyer’s


Disbursal past track record
MSMEs Buyers
Large Corporates/ PSUs
Financier
Approve the
Invoice
Competitive Rates Digital Process Bid on invoices
Upload and release
their Invoice payments
40+ Financiers* Easy &
onboard Transparent

*No. of financiers as on 31st March 2022


https://www.m1xchange.com/ IndiaMART Holding: 7.7% in MYND Solutions Pvt Ltd.
93
IndiaMART InterMESH Ltd
Vyapar – DIY Business Accounting

A mobile-based business accounting software


for small businesses

Customised Stock/Inventory Auto data Critical business


GST
professional GST Management backup reports and status
Invoices

Paperless with Vyapar Receivable/ E-Way Bill Online


Software Payable Generation Store

Automated Reminders UPI Payments Multi-user Tally Export

https://vyaparapp.in/ IndiaMART Holding: 27.5% in Simply Vyapar Apps Pvt Ltd


94
IndiaMART InterMESH Ltd
Tentimes – Events Discovery and Management

Used by millions every year to decide which events to go to, in


many cities across several countries

10 Times Floor
Leading B2B Virtual Software to
Event Discovery Platform host live events

Smart Event Unique


Recommendation Engine Engagament Tools

Global Event Event Management


Rating & Review System Automation

https://10times.com/ IndiaMART Holding: 30% in Tentimes Online Pvt Ltd.


95
IndiaMART InterMESH Ltd
SuperProcure – Simplified Transport Management

SaaS TMS for digitising freight e-sourcing & end to end


transportation management.
Freight Sourcing

Dedicated Fleet 01 For procuring vehicles

For managing dedicated vehicles

06 02
Indent Allocation
For indent against contract

Freight Accounting
For seamless accounting

05 03
In-plant Logistics
For smooth in-plant movement
Proof of Delivery 04
For documenting the proof of
delivery IndiaMART Holding: 25% in TruckHall Pvt Ltd.
https://www.superprocure.com/
96
IndiaMART InterMESH Ltd
Zimyo

A unified HR and Payroll Software that automates HR processes, eliminate


payroll errors and foster positive employee experiences

https://www.zimyo.com/ IndiaMART Holding: 10% in Zimyo Consulting Pvt Ltd.


97
IndiaMART InterMESH Ltd
IndiaMART InterMESH Ltd
Platform Engagement
(1)

~100%
Organic traffic

(1)

80%
Total traffic through mobile

(2)

4.7
Rating for the app on Google
Play store

Note: Figures have been rounded off


(1) For the quarter ending June 30, 2022
(2) As of June 30, 2022
99
IndiaMART InterMESH Ltd
Buyer Journey
Text Search Voice Search
Search
Auto-Suggest
Results
Search

Post Requirement

Product & Company


Details

100
IndiaMART InterMESH Ltd
Buyer Journey Enter Product Requirement
Share Details
Name Posted
Search

Post Requirement

Product & Company


Details

101
IndiaMART InterMESH Ltd
Buyer Journey Search Product Company
Page Page Page

Search

Post Requirement

Product & Company


Details

102
IndiaMART InterMESH Ltd
Seller Journey

Online Store Management

BuyLeads

Lead Manager

Pay With IndiaMART

Easy store Add details to your


management Quickly add
products in easy
options products
steps
103
IndiaMART InterMESH Ltd
Seller Journey

Online Store Management

BuyLeads

Lead Manager

Pay With IndiaMART

Details of Buyer available to Select Buy leads from View available Buyer
build credibility multiple categories Contact Details
104
IndiaMART InterMESH Ltd
Seller Journey

Online Store Management


Reviews &
BuyLeads Ratings
Ratings

Lead Manager Call Option


& Alerts
Pay With IndiaMART

Add Notes,
Set Reminders
Share Link

Direct Buyer Callback AI-based Smart Reply


105
IndiaMART InterMESH Ltd
Seller Journey

Online Store Management

BuyLeads

Lead Manager

Pay With IndiaMART

Seller can send payment Seller can check past and


Buyers can pay through
link to collect payments pending payments at one
multiple payment options
from buyers place

106
IndiaMART InterMESH Ltd
Water Treatment Plants

Team

IndiaMART InterMESH Ltd


Senior Management Team
Name Qualification Previous Experience

Dinesh Agarwal B.Tech(HBTI),Kanpur Founder(IndiaMART),HCL America, C-Dot,CMC


CEO

Brijesh Agarwal BMS Lucknow University, PGDBM NIILM, Delhi Co-Founder, IndiaMART, Miebach Logistics India Pvt .Ltd.
Whole time Director

Prateek Chandra CA, B.Com(H),SRCC,DU Bharat S. Rout & Co, EXL, HT Media
CFO

Dinesh Gulati B.Tech, (HBTI), MBA (FMS,DU)


Kodak India Ltd, Bharti Airtel , Reliance Infocomm, Indian
COO Express

Amarinder S. Dhaliwal B.Tech(IIT Delhi),MBA(IIM A) Micromax, BCCL, TIMES Internet, SBI Capital Markets
CPO

Vivek Agrawal B.Tech(MDU),PGDM(FSM,Delhi) ResearchCo Reprints,eBIZ.com


CIO

Manoj Bhargava BCom(H),LLB(DU), LLM (IP Univ. Delhi),CS


HT Media Ltd., Varun Beverages Ltd., Barista Coffee
GC & Compliance Officer Company Ltd., India Today Group

108
IndiaMART InterMESH Ltd
Independent and Non-Executive Directors

Vivek Narayan Gour Rajesh Sawhney Elizabeth Lucy Chapman Dhruv Prakash
Independent Director Independent Director Independent Director Non-executive Director

Education Education Education Education


• Bachelor’s degree from • Bachelor’s degree in • Chartered Financial Analyst • Master’s degree from Meerut
the University of Bombay Engineering from University and a Bachelor’s degree University and a PGDM from
and an MBA from of Delhi and a Master’s from Edinburgh University, IIM, Ahmedabad
University of Delhi degree in Management United Kingdom Industry experience
Industry experience Studies from University of Industry experience • Korn/Ferry International
• Tata Finance Limited, Bombay • DBS Bank Limited, Goldman Private Limited, Helion
Genpact India, GE Capital Industry experience Sachs International, The Ventures Private Limited,
Services India • Reliance Entertainment Welcome Trust Limited, Hewitt Associates (India)
Limited Nahar Credits Private Private Limited, Amar Dye-
Limited Chem Limited, DCM Toyota
Limited

109
IndiaMART InterMESH Ltd
Stronger Together

3,835* Employees 23% Employees with 5+ years ~ 24% Females

*Employees for IndiaMART standalone business as on 30th June 2022


110
IndiaMART InterMESH Ltd
Shareholding Pattern Institutional investors holding greater than 1%
of the total number of shares
Total Equity Shares Outstanding as
on June 30, 2022 – 30,614,574

• Arisaig Asia Consumer Fund Limited

18% • Westbridge Crossover Fund, LLC

5% • UTI Flexi Cap Fund


49% • Arisaig Global Emerging Markets Consumer Fund
(Singapore) Pte. Ltd.
• Artisan International Small-Mid Fund
28%
• Kuwait Investment Authority Fund 225

Promoters and Promoter Group Foreign Institutions and Portfolio Investors

Mutual Funds, Alternate Investment Funds, Insurance Companies Others

Note: The figures are approximations


111
IndiaMART InterMESH Ltd
Awards & Recognitions

“Most Promising ‘Bada Aasaan Hai’ received “Certificate of


Company of the the ‘Best Video Content in a Recognition” for
Year” at the CNBC B2B Marketing Campaign cooperation with
Awaaz CEO Awards Award’ at the Video Media Intellectual Property Right
Awards & Summit, 2020 Holders by REACT (The
AntiCounterfeiting
Network)

Dinesh Agarwal: The “Dinesh Agarwal: The


EY Entrepreneur of Digital Person of the
the Year in the Service Year” at the 10th India
Category at the EOY Digital Awards
Awards 2020

112
IndiaMART InterMESH Ltd
Corporate Office
Tower 2, Assotech Business Cresterra, Floor No.6, Plot No.22, Sec 135, Noida-201305, U.P.

Registered Office:
1st Floor, 29-Daryaganj, Netaji Subash Marg, Delhi – 110002.

For any queries, please contact: investors@IndiaMART.com


CIN :L74899DL1999PLC101534

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