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Indiamart Intermesh gets nod to incorporate Wholly Owned Subsidiary

21 Jul 2026 Evaluate

Indiamart Intermesh has received approval for the proposal for incorporation of a Wholly Owned Subsidiary (WOS) of the Company in India under the name and style of ‘IndiaMART Finance’, subject to necessary approvals. 

The company proposes to incorporate a WOS company with the primary objective to strengthen trust, engagement and retention of the users on its platform by enabling such business users primarily to meet their short term working capital requirements/financial needs. The Board of Directors of the company at its meeting held on July 21, 2026, has approved the same.

Indiamart Intermesh is India’s largest online B2B marketplace for business products and services. Its online marketplace provides a platform for mostly business buyers, to discover products and services and contact the suppliers of such business products and services. It provides a robust two-way discovery marketplace connecting buyers and suppliers.

Indiamart Intermesh Share Price

1775.80 -21.90 (-1.22%)
04-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Eternal 310.80
FSN E-Comm. Ventur. 344.80
Meesho 191.90
Swiggy 289.95
Brainbees Solutions 214.80
View more..

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