Proud to be an Indian...

MJ TT team rocks ICC Olympiad '10

Kudos to the mjunction Table Tennis Team for emerging champions at the Indian Chamber of Commerce, Corporate Olympiad 2010.

Soumya Sanyal; Jamsheed Hosi Daver; Sabyasachi Podder represented MJ.

Great job friends!

You have made us proud!

mjunction and Team India bat for VAANI

After having conducted some of the most unique and biggest online auctions in the B2B market space covering industries like steel, coal, automobiles, real estate to name a few, mjunction services limited, the country's largest eCommerce company, announced 'Action2Auction' – an online auction of exclusive memorabilia of the Indian cricket team at straightline.in in support of hearing impaired children. The memorabilia available for bidding at straightline.in from December 22, 2009 comprises actual gear worn by the cricketers in the recently concluded Test series and the test matches played during India's tour of Sri Lanka. The players have personally autographed these souvenirs, which include batting gloves of the legendary Sachin Tendulkar, batting pads and jersey of the current Team India captain MS Dhoni and rising cricket talent Suresh Raina's jersey and gloves to name a few.

The online bidding at www.straightline.in starting on and from December 22, 2009 and continuing till January 18, 2009, aims to raise funds for VAANI Deaf Children's Foundation - benefiting the hearing-impaired children in India.

Announcing the initiative, Mr. Viresh Oberoi, Managing Director, mjunction services limited, said "As India's largest eCommerce company, we execute numerous business transactions every day, creating value for our customers across diverse industries by bringing in the efficiency, transparency and convenience of eCommerce. This occasion is special; it is an opportunity for us to empower young and special lives through VAANI and re-affirm our strong values of sound corporate ethics and best practices. On a lighter note, I call upon every Indian to capture a part of her cricketing history by bidding @ straightline.in, thereby enabling a bright future for the hearing impaired children and their families."

Ms. Brinda Crishna, Director, VAANI commented: "Hearing-impaired children often face a complete disconnect from the world around them and feel totally isolated. VAANI as an organisation attempts to understand this complex disability and educate parents and teachers and create awareness amongst people in the society, about what needs to be done for the healthy and inclusive development of a deaf child. We are extremely pleased and grateful for the support extended to us by Mr. Arun Lal, the entire Indian Cricket Team and our online auction partner – mjunction, for providing us a unique platform like straightline.in. The online auction conducted will help our cause of raising funds for these special children. It will help us in overcoming geographical barriers and enable us to reach out to people across the country and generate further support for the cause."

Former Indian cricketer and notable commentator in the international cricket circuit, Mr. Arul Lal who facilitated the eAuction of the Cricket Memoriblia, said "I am very happy to help and support VAANI. I am excited and look forward to the online auction to see how this cricket crazy nation will bid for some prized mementos of their heroes. My special thanks to mjunction and straightline.in who have helped further the cause as also enabled us to reach out to every Indian through their online platform. I appeal to all to bid and to win and in turn help the deaf children find a voice."

straightline.in is mjunction's eRetail initiative which made its debut in October this year. Backed by one of the most advanced technological platforms provided by CTS and IBM, straightline provides world-class online shopping experience for consumers across the country. Foraying further into the eRetail sphere, the online auction of cricketers' memorabilia also marks the launch of eAuction services at straightline.in. The new service at straightline.in will enable online auction of surplus retail products and commodities of various manufacturers and sellers.

mjunction among the 25 most promising e-Commerce companies

mjunction earns prestigious recognition and accolade by finding its pride of place among the 25 top E-Commerce Companies for 2009 in Smart Techie. The list charts the 25 most promising E-Commerce Companies of India - their origin, evolution, business model and future strategies. This can be deemed as another glorious feather in the cap for the growing company.

Viresh Oberoi, Managing Director and founder CEO of mjunction has commented, “It is indeed a matter of great pride and pleasure to be mentioned among the leading Indian e-commerce companies; it reinforces our relentless commitment and drive to deliver even better value and break new barriers.”

The Smart Techie is India's first tech magazine for experienced IT professionals which update readers about the latest technological developments. The magazine aims to capture insights of seasoned IT professionals and experts from across the globe and provide career useful tips. siliconindia is a business and technology magazine published from Fremont, California covering business, technology and entrepreneurship. Its circulation exceeds 95,000 and readership comprises CIOs, CTOs, CEOs and market influencers like fund capitalists, technology adopters and analysts.

The list compiled by Smart Techie can also be accessed online at: Click here

Celebrate the festival of lights with www.straightline.in

mjunction announced the launch of its debut B2C initiative - www.straightline.in. straightline promises to redefine consumers’ convenience by providing a trusted world-class online shopping experience, offering a diverse product range, backed by one of the most advanced technological platform and providing relevant support services like logistics, customer support and a simplified online payment gateway. For sellers looking for a virtual shop open 24X7X365, straightline would offer an additional channel of sales bringing in significant reduction in distribution costs.

Unveiling straightline at a function held in Kolkata on Oct 13, 2009, world renowned magician P.C.Sorcar Jr. said, “All you need to do is log on to www.straightline.in and with a magical click, you’ll get instant access to a wide range of products from apparel and jewellery to electronics and can complete all your festive shopping in…3 minutes flat! Now, that’s magic even I can’t do!"

The all-new straightline offers top brands in apparel, jewellery, watches, electronics, home appliances, mobile phones, kitchenware, books, music, movies, computers and peripherals, games and luggage, combining the very best in quality and appeal. The list includes names like Van Heusen, Wills Lifestyle, Sony, Canon, Kenstar, Electolux, Nokia, Sony Ericsson, Nirlep, Nirali, Funskool, Leapfrog, Zenith, Dicota, Titan, Citizen, D'Damas, Nakshatra, among many others.

At the launch ceremony, mjunction managing director Viresh Oberoi said, “We have been selling industrial products and commodities such as steel, coal, iron ore; stressed assets such as plants and machineries; automobiles and even land and building, online till date. Business volume in terms of transaction value of our B2B businesses have soared to Rs 14,393 crores last fiscal – helping us retain our leadership position as India's largest eCommerce company. We will build upon our track record in the B2B segment with straightline, our first B2C venture. straightline will continue to promote our ideals of efficiency, convenience and reliability by simplifying the eRetail supply chain to benefit sellers and end consumers. straightline promises to live up its name of being the shortest distance between two points – the seller and the end consumer.”

The launch of straightline signifies driving mjunction’s B2C business with an increased customer orientation and providing opportunity to the end consumers to experience the benefits of eCommerce in their daily lives. Currently consumers from 644 cities covering about 5,000 pin codes can experience online shopping at straightline.in which will be extended to rural India covering 10,000 pin codes by end of FY‘10.

straighline’s scalable eCommerce infrastructure has been developed and deployed by Cognizant, a leading global provider of information technology, consulting, and business process outsourcing services, using the COTS IBM WebSphere Commerce Suite. This eCommerce platform delivers superior customer experience, enabling users to accomplish their tasks quickly and with the least possible clicks. The platform is also integrated with SAP ERP for billing, invoicing, payments, and refunds.
straightline is very optimistic about the market share it will cover in the next couple of years, with the Rs 9,210-crore Indian eCommerce market growing at 30% and the Rs 2,210-crore B2C non-travel market also growing at 40%. A recent study on the distribution of the global online population by 2012 noted that India will contribute 6%, or 109 million users out of the 812 million, in all of Asia. This effectively means that a mammoth 45% of all online users will be from Asia!

With greener pastures beckoning in the online B2C segment, straightline will employ vibrant choice, ease of accessibility and sharp technology to draw the path from the seller right to the consumers’ doorsteps – in a straight line.

valuejunction on Cnbc-Awaaz