About Bulk Mandi
Bulk Mandi is a startup to create a platform to build a direct link between the manufacturers/miners/importers and end-buyers in the trade involving bulk materials like metal and minerals amongst others, thereby eliminating chain of middlemen. The trade in material will be through three different modes of direct offer, forward auction and reverse auction as per the suitability of transaction. Bulk Mandi also caters to logistics and trade financing along with trade of material, thereby providing end to end solution in material management. Bulk Mandi seeks to create margin through nominal service charges in material trade, logistics and trade finance.
Problems in current traditional way of dealing?
Limited Market Access: Buyers-sellers have limited options for trade ; trust deficit dominates for initiating trade with new organisation.
Unfair business practice/ Opaque transactions: At various instances buyer-sellers do not stand upto their commitments regarding quality of products, payment terms etc. amongst other commercial terms.
Presence of middlemen's: Presence of this element in the trade increases the cost of material for the end-buyer.
Mostly mutually agreed price (through direct offer) acts as a price fixation mechanism for a transaction.
Solution which
Bulk Mandi
Provides
Broadened Market Access: Buyers-sellers will have broadened options for trade in transparent business environment, trust deficit will get resolved with BulkMandi mediating every transaction.
Fair business practice/ transparent transactions: BulkMandi mediating every transaction with documented terms and condition will guarantee completion of a transaction in a very transparent and fair manner.
Presence of middiemen's: Direct link between the seller and end-buyers in the trade will eliminate the requirement of middlemen and ultimately benefitting the trade with reduced cost.
Better price discovery mechanism: Through different modes of direct offer, forward auction and reverse auction as per the suitability of transaction.
About the Founder
CA Aayush Agrawal
FCA, CS, Registered Valuer (S & FA), M.com
Chartered accountant qualified in May 2011having meritorious academic background with All India17th rank in Company Secretary. He is an empanelled National Faculty of ICAI, India for GST. He is also a registered valuer for Asset Class- “Securities and Financial Assets” from Insolvency and Bankruptcy Board of India.
He has been into finance, taxation and management consultancy practice from last 9 years and had advised multiple clients in various sectors ranging from Government owned power generation, transmission & distribution companies, Ministry of Railways, private railway sidings, coal washeries, transportation, construction amongst others on various aspects of finance, taxation and management consultancy.He has addressed seminars on multifaceted aspects in various trade, corporate and professional forums.
Legal Details
| CIN (Company) | U74999CT2019PTC009473 |
| ROC Reg. No. | 009473 |
| PAN | AAICB6004E |
| TAN | JBPB04361A |
| GSTIN | 22AAICB6004E1ZB |
| IEC | AAICB6004E |
| IBM Reg. | IBM/22841/2020 |
| DIPP No. | DIPP44548 |
| Bank Details | Bank - SOUTH INDIAN BANK Branch - BILASPUR A/c NO. – 0568081000000049 IFS Code – SIBL0000568 |
