Tata Steel Ltd.

mJunction a 50:50 joint venture between Tata Steel and Steel Authority of India and the country's largest e-commerce company is expecting the total e-transaction business to double to Rs 50,000 crore by 2014. The company is expecting sharp growth in business and the e-procurement arm ‘buyjunction’ will be main growth driver.

mJunction, which already offers services of Tata Thailand and Natsteel, is holding talks with Corus for offering e-procurement services to them. The company has been in talks with a few overseas companies engaged in e-procurement activities for the inorganic growth, but nothing concrete has been formalized as yet.

Recently in March this year, mJunction was close to acquiring a European firm engaged in e-procurement. The company had identified its target firm which is based in Europe and operating for the last 10 years. The target firm was a leader in procurement space and has specialization in the chemical sector.

mJunction is today not only India's largest e-commerce company (having e-transacted worth over Rs.65,000 crores till date) but also runs the world's largest e-marketplace for steel. It offers a wide range of e-selling, e-sourcing, e-finance and knowledge services across diverse industry verticals that empower businesses with greater process efficiencies.