Backed by Inflection Point Ventures, Aksum’s expansion into 40+ cities, 600+ SKUs, and AI-driven procurement solutions is fueling a new B2B revolution.
While many corporations make ambitious ESG claims, Aksum Trademart Pvt. Ltd. has turned sustainability into a high-growth business model, reporting a 143% year-over-year revenue surge to ₹240 crore in FY24. With a 700% increase in profit before tax, the company has established itself as one of India’s fastest-growing B2B supply chain disruptors, proving that sustainability and profitability can go hand in hand.
Backed by Inflection Point Ventures (IPV), Aksum Trademart has expanded into 40+ cities, offering 600+ unique SKUs across steel, scrap, chemicals, polymers, and construction materials. With a tech-driven approach, Aksum is transforming procurement for corporates and MSMEs, eliminating inefficiencies, and accelerating India’s shift towards sustainable supply chains.
Sustainability is More Than Just a Buzzword, It’s a ₹240 Crore Reality
Unlike companies treating ESG as a PR exercise, Aksum Trademart has embedded sustainability into its core revenue model. Over 50% of its revenue comes from scrap and secondary steel, helping businesses reduce waste, cut procurement costs, and enhance operational efficiency.
This approach supports a circular economy, turning industrial waste into high-value raw materials, lowering environmental impact, and offering cost-effective procurement alternatives for Indian businesses. With demand for sustainable materials surging, Aksum’s growth trajectory proves that green business models aren’t just responsible, they’re profitable.
Sumit Bhatia, Co-founder of Aksum Trademart, highlights the company’s vision for sustainable growth:
“Our goal is to create sustainable, tech-driven supply chains that empower both large enterprises and MSMEs. Aksum’s rapid growth shows that when businesses prioritize efficiency and sustainability, profitability follows naturally.”
Tech-Driven Supply Chain Innovation & Financial Strength
Aksum’s AI-driven procurement automation is making B2B supply chains smarter and more efficient. By integrating real-time vendor-client collaboration, predictive analytics, and digital procurement solutions, Aksum has eliminated manual inefficiencies that slow down traditional supply chains.
Additionally, the company has secured partnerships with leading financial institutions, including State Bank of India (SBI), HDFC Bank, ICICI Bank, and Yes Bank, offering working capital solutions that make procurement more accessible for MSMEs.
To further strengthen transparency and corporate governance, Aksum has appointed Grant Thornton as its statutory auditor, ensuring accountability and investor confidence.
Aksum’s Vision for FY25: Scaling Sustainability, Tech & MSME Inclusion
As Aksum enters FY25, it is doubling down on its mission to:
- Expand sustainable procurement solutions, Increasing the use of scrap and secondary materials to further reduce industrial waste
- Enhance AI-powered procurement automation, Bringing predictive analytics and smart vendor management into mainstream B2B procurement
- Strengthen financial inclusion for MSMEs, Providing easier access to working capital and digital credit solutions
- Scale into new markets, Targeting growth beyond 40+ cities and expanding product categories
