The Journey of Matex

In the early 90s, while working on a project in the US, Mr. Jagan, the founder of Matex, made a significant discovery that would later inspire the creation of Matex. He found that a leading automobile manufacturing company was selling brand new items at zero value from one factory while the same company's outlet functioning at another place was buying the same items at market value. This was happening because their databases were not connected. The realization that connecting databases within a company could unlock substantial value was the spark that ignited the idea behind Matex.

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Foundational Pillars

Our Vision

To be the most preferred partner for our
customers by providing contemporary
digital one-stop solutions
for products
and services across their value
chain.

Our Mission

Our mission is to enhance customers’
efficiencies across buying and selling
through robust technology.

Our Values

Customer Delight

Customer Delight

Customer Delight

Commitment

Customer Delight

Teamwork

Customer Delight

Transparency

Customer Delight

Professionalism

Our Strength

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Exceptional Operations with 130+ Professionals

Powered by a team of 130+ skilled professionals, ensuring smooth operations and exceptional service quality.

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Innovative Technology Leadership

Our cutting-edge technology sets us apart in the industry, ensuring innovation and efficiency at every step.

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Commitment to Transparency and Excellence

We prioritize transparency in our operations, ensuring uncompromising quality and consistency to achieve excellence in customer satisfaction.

Founder Image

Our Founder

Our visionary founder, Mr. Jagan, established Matex in 1995 and pioneered the e-auction process for B2B transactions.

With the advent of the internet in the early 90's, Mr. Jagan saw a good opportunity to digitize commercial transactions in running a business.

He introduced technology solutions through digital products for procurement and surplus management, making Matex a trusted partner for over 800 manufacturing companies.

His pursuit of excellence keeps Matex at the forefront of industrial innovation and continues to drive Matex to new heights.

Jagannivasan S

Founder of Matex Technologies

Meet Our Team
Our Founder
Journey
1993

Established as JNN Matex, introducing India’s first Bulletin Board Service for manufacturers.

1996

Launched internet-driven B2B auctions, a first in India.

1999

Secured investment from US-based ICF Ventures, the first B2B company in India to receive such an investment.

2002

Suguna Poultry procured Agri commodities via Matex Reverse Auction Platform; Co- launched E-tendering for PSUs; BEL, Hindustan Shipyard, and Karnataka Police Housing used the platform.

2005

Began auctions for bank NPAs.

2006

Expanded to 250 clients with GMV reaching ₹500 crore through 8 branches; completed the prestigious Standard Motors’ Plant & Machinery auction.

2019

GMV grew to ₹1,200 crore annually; launched a High-Value Asset sale division; introduced new technologies and received certifications.

2022

Started servicing 1,200 factory locations; launched “ProcTek procurement” brand; certified under the IT Act 2000; introduced India’s first online Earnest Money Deposit (EMD) system for auctions.

2023

GMV reached ₹5,000 crore; workforce grew to 150 employees, expanded to 15 locations pan India.

2024

Launched mobile bidding app (Android & iOS); introduced verticals for Gold, Properties, and High-Value Assets; expanded to 800 clients with 6,900+ transactions; formed a professional board with industry leaders-Mr. KE Ranganathan-Former MD Roca Parryware; launched “Matex 2.0” for enhanced focus and operational efficiency.

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  • 2019
  • 2022
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