ProcMart Boosts Supply Chain with First In-House Packaging Unit

Photo:ProcMart

ProcMart has purchased a facility in Aurangabad, Maharashtra to improve its indirect procurement solutions on its business-to-business marketplace. The acquisition position in Noida strengthens the startup's ability to handle packaging while establishing new production bases within its facilities.

This purchase constitutes ProcMart's entry into manufacturing operations as it will help transform packaging methods and decrease third-party supplier reliance. ProcMart has achieved its business by using manufacturing contracts in Faridabad, Baddi and Rudrapur before developing its own facility. The Aurangabad facility enables the company to establish itself as a primary controller of packaging operations which yields operational improvements in addition to sustaining its future development goals. ProcMart deems this development to be a major accomplishment in its mission to construct an autonomous supply chain infrastructure and service system.

 “Backward integration into packaging production enables direct control over quality and timelines. This facility establishes our blueprint for vertical integration across other product categories and positions ProcMart as a comprehensive procurement partner,” says Anish Popli, Founder and CEO, ProcMart.

ProcMart was established in 2015 when IIM Lucknow and NIT Trichy alumnus Popli connected buyers with sellers to simplify procurement of products such as consumer goods, durables and automotive items, oil and gas products, healthcare solutions and pharmaceutical products. Through the digital marketplace the company provides non-core good procurement solutions combining vendor consolidation with purchase order management and expenditure tracking services for packaging materials and safety gear and office supplies. The digital marketplace of ProcMart serves more than 25 industries which operate nationwide in India and internationally in Malaysia along with Indonesia.