mJunction aims Rs 50,000 cr biz,eyes acquisition

KOLKATA: Country's largest e-commerce company mJunction on Thursday said it expected the total e-transaction business to double to Rs 50,000 crore by 2014.

"We are expecting sharp growth in business and the e-procurement arm buyjunction will be our growth driver. We are expecting to double business to Rs 50,000 crore by 2014," mJunction Services Ltd MD Viresh Oberoi said.

Asked about whether the company was planning for inorganic growth, he said talks have been held with a few overseas companies engaged in e-procurement activities but nothing concrete has been formalised.

mJunction, which already offers services of Tata Thailand and Natsteel, is holding talks with Corus for offering e-procurement services to them, he added.