Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
JSW One aims to go public by FY28: CEO
Mint Kolkata
|June 27, 2025
JSW One Platforms, the Sajjan Jindal-led conglomerate's B2B digital marketplace, looks to break even this fiscal year and plans to go public by FY28, Gaurav Sachdeva, the company's joint managing director and chief executive, said on Thursday.
It aims to achieve a steady-state profit margin of 1%, he said. This would make it one of the first conglomerate-led B2B e-commerce platforms to become profitable. Other such ventures include Aditya Birla Group's Birla Pivot, Larsen & Toubro's L&T SuFin and Tata Group's Nexarc.
JSW One targets ₹50,000 crore in gross merchandise value (GMV) in the next three years. GMV is the total monetary value of all the products sold on a platform. The company clocked a GMV of about ₹12,500 crore in FY25 with a revenue of about ₹4,000 crore, Sachdeva said.
This story is from the June 27, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber?Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
Rupee drops for a 9th straight session
Declining for the ninth consecutive session, the rupee depreciated 13 paise to close at a fresh lifetime low of 96.86 against the US dollar on Wednesday as elevated global crude prices amid the West Asia crisis stoked inflation worries.
1 min
May 21, 2026
Mint Kolkata
Can a no-contest clause stop heirs from challenging a will?
I am making my will and worry that one of my heirs may challenge it later after my lifetime. Can I include a clause stating that any beneficiary who contests the will would lose their share? Will such a clause be enforceable in India?
1 mins
May 21, 2026
Mint Kolkata
Majority of subscribers of APY opt for base sum
About 87% of Atal Pension Yojana’s (APY) subscribers have opted for the minimum assured sum of ₹1,000 per month, while only a little over 8% have chosen the highest slab of ₹5,000, according to data released by the Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday.
1 min
May 21, 2026
Mint Kolkata
Blackstone pledges Mphasis shares to raise $700 million
It is arguably the first instance of an IT services firm owner using shares as collateral for loans
2 mins
May 21, 2026
Mint Kolkata
Nvidia results may aid chip stock rally or market chaos
For much of the year, chip stocks have been powering the market higher.
2 mins
May 21, 2026
Mint Kolkata
Indians face a hard reset on overseas education budgets
A weaker rupee and global hiring slowdown are increasing repayment pressure on students
3 mins
May 21, 2026
Mint Kolkata
SpaceX IPO igniting Wall Street’s own race to orbit
As Elon Musk readies SpaceX for a highly anticipated initial public offering (IPO), Wall Street is racing to find the next big winner in space exploration.
3 mins
May 21, 2026
Mint Kolkata
India to launch world’s first rainfall index on 29 May
Starting 29 May, India’s first exchange-traded rainfall derivatives contracts will be open for trading to retail and high-net-worth investors, power utilities, logistics firms and agri-processing businesses, among others.
1 mins
May 21, 2026
Mint Kolkata
IPO proceeds increasingly flow into digital infrastructure
Investors are shifting focus from physical expansion to scalability and capital efficiency
2 mins
May 21, 2026
Mint Kolkata
Flurry of suspicious oil trades worth $800 million triggers regulatory probe
Officials are parsing records of trades made before a social-media post made by President Trump
5 mins
May 21, 2026
Listen
Translate
Change font size