IntraSoft Technologies Limited is inwards the concern of providing dorsum ended information technology Enabled Services to its subsidiary companies. The E-commerce subsidiary www.123stores.com focuses on the U.S. Online Retail marketplace position in addition to was ranked every bit the 392nd largest Internet Retailer inwards USA every bit good every bit the 13th fastest growing Internet Retailer inwards the 2015 Top 500 Internet Retailer Guide. Company is planning to acquire inwards Indian marketplace position soon. 
On 27th Oct India Infoline published an interview Excerpts of Arvind Kajaria, Managing Director in addition to Co-founder of IntraSoft Technologies Limited. We are listing downwards the major word points here
About Opportunities inwards the Indian e-comm infinite vis-à-vis the overseas counterpart
E-commerce sector highly appeals to immature minds. Given the Indian demographic growth patterns, almost 65 % of our population volition endure nether 35 years of historic menstruum inwards the coming years. Hence I mean value e-commerce is the alone agency to pick out receive got of the attending of the increasing immature population. The non-urban cities are also participating inwards the nail straight off that they convey access to a diversified attain of goods different prior years. Hence, I am quite optimistic close our growth story.
How to grip competitive scenario amongst Flipkart in addition to Snapdeal
We are non alone selling from our website 123stores.com, only also on Amazon, Ebay in addition to xi main. We sell anything in addition to everything in addition to therefore are called majority merchants. This determines our expertise of beingness able to sell non alone from our ain website only also from other websites. We are at wages because nosotros are selling on 10 marketplaces at same time. So whether you lot house the gild at Amazon or Ebay, you lot cease upward buying from us in addition to that’s what keeps us really excited in addition to motivated apart from significantly boosting our sales volume.
Festival sales is non novel to FMCG sector. Like how most of the brands convey Diwali sales offline, online sales are withal some other road of attracting visited traffic to the website in addition to nosotros would also participate inwards it. For this year, nosotros convey non planned whatsoever promotions every bit nosotros mainly operate inwards U.S. market. However every bit before long every bit nosotros industrial plant life a base of operations inwards India, nosotros volition definitely excogitation festive sales , which could endure every bit early on every bit adjacent year.
About the partnership amongst Amazon in addition to Ebay
Amazon in addition to Ebay convey opened upward to let third-party sellers to sell from their websites. For instance, if a housewife plans to make in addition to sell terrariums, she tin move listing her concern on their websites in addition to kickoff selling without anybody’s help. She needs to register on the website in addition to make upward her client ratings. As she sells to a greater extent than in addition to more, the ratings volition become upward based on the lineament of the product, the pricing in addition to the in-time delivery. Our partnership amongst Amazon in addition to Ebay is of a similar nature. We deed every bit 3rd political party sellers in addition to render the online platform for vendors to sell their goods.
Role every bit a third-party seller
A lot of manufacturers are non technology savvy. They don’t convey an thought of how to sell online. There are diverse aspects similar coding, uploading images, pricing & inventory management in addition to logistics that merit attending which could show a huge hurting for manufacturers. We deed every bit mediators, betwixt vendors in addition to online marketplaces similar Amazon in addition to Ebay. We assist vendors become online yesteryear managing their sales, pricing, client back upward in addition to logistics. As a result, they relieve both coin in addition to time. The wages for us is that yesteryear employing to a greater extent than or less 10 client back upward executives, nosotros tin move handle 100 customers.
Performance for quarter ended September 30
We are really happy amongst the progress of the said quarter. Our results volition endure out adjacent week. We saw a number of operational changes, mainly related to our software inwards the in conclusion quarter. Earlier, the gild which took us a few hours to execute is straight off processed inwards alone 54 minutes. The reduction inwards fourth dimension spent is the evidence that our software in addition to concern is getting to a greater extent than in addition to to a greater extent than efficient which volition let us to scale. There is a lot of scalability inwards our business. The salient matter which nosotros learnt inwards the in conclusion quarter is that the technology is finally working afterward years of difficult move in addition to efforts in addition to nosotros are straight off ready to ride the e-commerce boom.
Our consolidated revenue for the Q1 FY16 increased 97% to Rs. 118 crore from Rs. 59.78 crore inwards Q1 FY15, driven yesteryear e-commerce growth in addition to Profit afterward Tax (PAT) increased to Rs 1.22 crore, upward yesteryear 47% from Rs 0.83 crore (Y-o-Y). Our e-commerce revenues increased from Rs 53.93 crore to Rs 113.36 crore resulting inwards 110 % increment Y-o-Y. The number of orders shipped grew tremendously over the quarter from 116,081 to 293,894, a growth of 153% Y-o-Y.
Outlook for the coming quarters
We are really optimistic. The squad is inwards place, the software is inwards place. November, Dec are traditionally the highest buying months inwards the yr inwards Republic of Republic of India because of the festivals in addition to the holidays. So nosotros await forrad to a really stunning quarter. Supply chain mismatch is ane cardinal number in addition to GST, every bit in addition to when it comes into play, mightiness show some other challenge.
Investors amongst 1 yr horizon tin move purchase the stock amongst a target of 800 inwards mind. CPM@532
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