Business Description:Softtrade Enterprises is an online industrial retail & vendor solution company which directly provides required industrial item to its client companies instead of passing over the enquiry to vendors. Currently we have a comprehensive database of manufacturers & authorised distributors of industrial items.
In future we plan to buy directly from the manufacturers. Once we get an enquiry for an item or project,we post it on our website www.industryneed.com for our registered vendors to see. The registration fee for our website is Rs 2000 for a year. If the item/project is not available with our vendors, our marketing team does the job of finding it through links, internet, B2B sites & other methods. This way our database gets heftier & more clearly categorised. Thus the company just have to call us rather than multiple vendors for multiple items. We are offering them the advantage of getting everything under one roof for prices cheaper than what any of their current vendors is offering. Our margins are always very less & we rely on the trade volume.
At times there are items/projects that need technical expertise to deal with. Therefore, as capital inflows increase we plan to recruit people with technical knowledge & industrial experience in different categories.
Our biggest client is Samsung India, Noida. Our other clients include Des-Dev, Neometrix, Dixon, Saiprographiques etc.
Industry:IT/ Internet/ Software
Founded in:2007
Source of idea:Replicated or modified an idea encountered through previous employment
Significant Competitors:RS Component, Just Dial
Company Details :
Company Name:Soft Trade
HeadQuarters:Noida
Stage of the company:Have first customer
No of Employees (2006):Did not exist
No of Employees (2007):0-5
Office Locations(2006):Did not exist
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):Did not exist
Profits (2007):1 to 5 lacs
>Partnerships:
Initial Funding:Personal savings
Addl Funding:Personal savings
Institutitional Capital:No
Revneue Model:Membership; Direct Trading; Advertisement
Awards & honors:NO
Promoters Details :
Promoters Name(s):Tapas Patra
Age:28
HomeTown:Cuttack
Education:Bachelors
No of companies promoted:No
Family Background:First gen entrepreneur
Job:SR Engineer at Samsung Electronics
Ex-Job Description:Innovation
Favorite Book/Movie:rich dad poor dad
