Disposing non-performing assets

(India's largest procurement and asset disposal exchange, indiaengineering.com, helps businesses source strategically by enabling private marketplaces and deploying chain management solutions. Indiaengineering.com enables companies to dispose surplus assets and inventory. The site boasts of more than 8,500 engineering product catalogues ready for transaction. Added feathers in the cap is that IPCL is to auction items worth Rs 60 crore in 549 lots on indiaengineering.com platform and the annual contract worth Rs 10 crore signed with Bajaj Auto for asset disposal. With so much happening at indiaengineering.com, the DQ Week Madras chats up Manisha Gupta, Vice President, IT Business, Kalyani Group.)

1.How does indiaengineering.com intend to extend its procurement and asset disposal exchange facility to Chennai and South?

Indiaengineering has offices in Chennai, Bangalore and Hyderabad, where more than 15 Marketmakers are working very closely with the corporate clientele creating value by helping business either buy better or have better realization for non performing assets.

2.How does the concept of asset disposal exchange augur with the industry, especially down south?

Asset Disposal Exchange helps in breaking cartels while bringing direct users of material, which brings higher realization for clients. The industry is sitting on large amount of non-performing assets, which can be handled efficiently through this process.

3.What is the business model of indiaengineering.com?

Indiaengineering works very closely with the clients, charges them a flat transaction fee and performance based fees. Indiaengineering ensures performance by linking its revenue with real value creation.

4.How is indiaengineering.com overcoming the onslaught of the US slowdown?

India has largely an Indian clientele, which keeps it shielded from development in the west. However, the slowdown in general has brought larger realization among corporates to shape up using better business practices and latest e-business tools.

5.What are the future plans of indiaengineering.com, with regards to new markets and services?

Indiaengineering is deploying industry leading e-business solutions platform to bring value to its clients. This platform would also be marketed as private marketplace for existing clientele and emerging markets.