Despite macroeconomic uncertainties and the rapid evolution of artificial intelligence (AI), Dinesh Agarwal, Chief Executive Officer, IndiaMART, remains optimistic and expects IndiaMART InterMESH to continue growing profitably in the foreseeable future.
In an interaction with Mint on Wednesday, 28 October, the CEO of one of India's leading business-to-business (B2B) online marketplaces discussed the factors weighing on revenue growth, its strategy to navigate competition from AI-powered information platforms, and the opportunities it sees in technology-led improvements.
Agarwal believes these factors, along with investments in technology, customer acquisition and category-level pricing, can help the company sustain profitable growth.
The company's consolidated performance is also benefiting from Busy, which has reported revenue growth of around 26–27%, according to Agarwal.
Looking ahead to the second half of the financial year, Agarwal identified several developments that could influence the business environment. These include geopolitical tensions, elevated inflation, high oil prices and an upward interest-rate cycle.