Source.One takes care of raw material procurement of 1000s of MSMEs, so that they can focus on growth and sales
MUMBAI, Sep 6 (The CONNECT) - Source.One, a cutting-edge commodity distribution platform, today announced the expansion of a new 200- seater office in Pune that follows 50-80 employee hiring in the next 2 years.
To support the expansion Source.One will hire across business teams, data analytics, tech, and logistics to support their future plans for all existing business expansion, vertical expansion and other industries.
Arun Singhal (pictured), Founder & CEO, Source.One, said, “The expansion line is consistent with our stated ambition plans in hiring and accelerated growth in India. To succeed in commodity, especially raw materials, you need a strong blend of people with industry expertise, proficiency in operations and technology. We at Source.One strongly believe that with the right manpower and skill sets our goals can smoothly align in scope for growth.”
The Covid epidemic disrupted the supply chain and weakened demand over the past two years, slowing the growth of the Indian petrochemical sector. However, the petrochemical sector is expanding significantly, and demand for its derivatives in a variety of consumer industries is expected to rise. Source.One intends to keep its attention on the chemical industry and will venture into several value-chains within its domain.
Source.One simplifies raw material procurement of 1000s of MSMEs, enabling them to focus on growth and sales, rather than procurement. The company has created a unique model around the Distribution eco-system, providing not only the best prices, but also layers of logistics and credit to its offering. In a short span, it has grown to become India’s leading player in petrochemicals distribution and has added Packaging as a new line of business, to support its vertical expansion plans. In future, the company plans to expand into more value-chains similar to petro-chemicals, and the chemicals domain. With a strong team of engineers, bankers and data enthusiasts, Source.One has created a highly intuitive platform to serve Indian MSMEs. The company has developed deep expertise around MSMEs, and has partnered with 5 tech Giants, along with niche fintech and logistics tech Companies, to solve for data problems around Indian MSMEs. Its data machine allows for a seamless onboarding and transaction for any MSME across the country.