Noida, Uttar Pradesh -- (SBWIRE) -- 11/16/2009 -- After its hugely successful venture into print media (sourcing guides), IndiaMART.com has now taken a major step in turning another business model upside down. Tenders, which could earlier be accessed only after making a payment, is now available absolutely FREE on IndiaMART.com.

IndiaMART.com has always been known for its path breaking initiatives to make business opportunities look incredibly lucrative. http://tenders.indiamart.com/ has now become India's first-ever FREE tender notification service portal that provides latest information on tenders floated by various government and private agencies across India. About 50,000 live tender alerts from all across India are provided from this platform and revenue is generated from the advertising on the portal.

The step is expected to create a strong ripple effect in the industry and across business users of the service. Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com has no problem vouching for this ingenious business model and says, “We at IndiaMART.com have always provided our customers the best business services to choose from. We are committed to helping small businesses by all means possible and wish to play a catalyst’s role in their growth. I am sure the free tender service will benefit all such organizations who use tenders as instruments for their business growth.” IndiaMART.com which recently got acclaimed as India’s best known and most preferred B2B marketplace by Internet and Mobile Association of India (IAMAI), plans to update the tenders section on daily basis, helping all business users to fully rely on the service.

The news has been widely welcomed by IndiaMART’s members. Praising the initiative, Mr. Akhilesh Gupta, an IndiaMART member, says, “I have been an IndiaMART member since the past six years and have always seen IndiaMART going the extra mile to help its members. Their tailor-made solutions do add tremendous value to our business. The free tender service is a big benefit for users like me and will save a lot of time and cost in growing our business.”

About IndiaMART.com
IndiaMART.com is India's largest online B2B marketplace connecting global buyers with suppliers through business directories, online product catalogs, buy-sell offers, industry specific marketplaces, printed media and trade shows participation.

Founded in 1996, the company has a presence in over 100 cities pan-India. With approximately 1000 employees, IndiaMART.com offers an extensive range of value-added products and services to over 500,000 members and over 5 million global buyers across industries and verticals.

IndiaMART.com has won numerous awards over the years including Red Herring 100 Asia & Emerging India and the company has been widely covered by media such as CNBC, BBC, BusinessMoney, CNN, Businessworld, Economic Times, Financial Express, etc. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd (Times Group), India's largest print media group.

For more information, please visit: http://www.indiamart.com/press-section/

Media Contact:

IndiaMART.com

Arun Tyagi
Marketing and PR
M : + 91- 9711003832
T : + 91- 120-3911000
F : + 91- 120-2424943
E : pr@indiamart.com