Archive · 24 Jun 2025
Moglix Plans Acquisitions, IPO in India
Moglix, an online store for industrial supplies, is planning to buy more companies to grow.
They're setting aside a lot of money, about ₹500-600 crore, to buy businesses that make things, especially in areas like eco-friendly packaging.
Moglix is also getting ready to sell shares to the public in India within two years.
They made almost ₹5,000 crore last year, but also had some losses.
To improve how things run, Moglix is using more technology to make things work faster and easier.
Moglix, a B2B marketplace, plans to acquire businesses for ₹500-600 crore.
The company, valued at $2.6 billion, aims to expand product categories, especially in sustainable packaging.
Moglix is preparing for an India IPO in about two years.
Revenue rose to ₹4,964 crore, and losses eased to ₹189 crore in FY24.
The company is automating operations to improve efficiency.
- Who
- Moglix, a B2B marketplace.
- What
- Moglix plans acquisitions and an IPO.
- When
- Acquisitions planned for FY26, IPO in ~2 years.
- Where
- India.
- Why
- To expand product categories and prepare for an IPO.
- Valuation
- $2.6 billion
- Acquisition Budget
- ₹500-600 crore (FY26)
- Focus
- Industrial tools & equipment, sustainable packaging
- FY24 Revenue
- ₹4,964 crore
- FY24 Loss
- ₹189 crore
- CFO Appointed
- Sanjeev Arora