Milestone · Commerce & Consumer Brands

OfBusiness scales manufacturing across metals, chemicals and apparel

By Startup Enthusiast · 10 September 2026

What they do

OfBusiness is a B2B commerce platform for raw materials procurement, credit and revenue opportunities

The company is scaling its owned manufacturing across metals, chemicals and apparel verticals, with over 40 products now made in-house

It is IPO-bound and plans to deepen existing verticals rather than add new ones, with further investment in chemicals and new export markets; direct…

OfBusiness is scaling its manufacturing across metals, chemicals and apparel verticals.
The company now has owned manufacturing capacity spanning over 40 products.
Its metals vertical is the largest by revenue, with construction steel alone accounting for about a fifth of overall revenue.
The chemicals vertical contributes about 18% of the commerce business, approximately ₹3,500 crore of ₹19,174 crore.
OfBusiness operates its own ethyl acetate production unit in Maharashtra and plans to start herbicides and pesticides production.
The apparel vertical is the fastest-scaling, combining sourcing with owned manufacturing for garments, accessories and footwear.
Apparel manufacturing is concentrated in Delhi-NCR, Andhra Pradesh, Tamil Nadu, Karnataka and Bangladesh.
The company is IPO-bound and has a direct headcount of over 35,000.

OfBusiness is deepening its existing verticals rather than adding new ones, focusing on sourcing, manufacturing and market access.
It plans further investment in chemicals manufacturing and new export geographies like the EU and UK.
The company's technology platform includes BidAssist for government procurement, with over 2,000 tender sources and 13,000 daily tenders.
OfBusiness has delivered over 1 million orders and empowered 1.5 million+ SMEs across 26 states and 70+ countries.

OfBusiness is a B2B commerce platform for raw materials procurement, credit and revenue opportunities.
Its categories are Metals, Chemicals, Apparel and Food Processing.
Metals vertical includes construction steel, flat steel, structural steel, aluminium, zinc and copper.
Chemicals vertical has 1,800+ suppliers, 30+ brands, 5 manufacturing units and 4 in-house brands.
Apparel vertical has 2,600+ suppliers, 34 manufacturing units and 160+ customer brands.
Food Processing vertical has 21,000+ suppliers, 30+ brands, 6 manufacturing units and 4 in-house brands.
The platform has 1 million+ orders delivered, 1.5 million+ SMEs empowered, PAN India reach across 26 states and serves 70+ countries.
BidAssist platform covers 2,000+ tender sources, 13,000+ daily tenders, 3 lakh+ active tenders and 4 crore+ tender results.

Deepen capability in sourcing, manufacturing and market access within existing ecosystems, not adding new verticals.
Further investment in chemicals manufacturing and new export geographies like EU and UK.

Product: Marketplace platform connecting SMEs to commodities including steel, metals, chemicals, agricultural products, textiles; includes financing and supply chain services
Customers: Small and medium enterprises seeking streamlined access to commodities, financing, and logistics
How it makes money: B2B marketplace model with commission on transactions and financing services
What sets it apart: Diversified vertical portfolio including apparel exports to top global retailers; operates across 75 countries