Case Study: Steel Exchange India Ltd reduces raw material procurement costs with Bizongo

Steel Exchange India Ltd reduces raw material procurement costs and grows monthly revenue from ₹1 Cr to ₹9 Cr with Bizongo

Steel Exchange India Ltd, a leading manufacturer of TMT rebars, faced challenges with procuring steel raw materials that were subject to daily price changes. The company turned to Bizongo's unified platform to address this procurement difficulty.

Bizongo's platform provided a single dashboard for checking dynamic raw material prices, enabling Steel Exchange India Ltd to seize the best available prices. The solution also featured embedded financing for vendors through Bizongo's network of financial institutions. This resulted in a reduction in procurement spend and helped increase the company's monthly revenues from ₹1 crore to ₹9 crore in just eight months.

Steel Exchange India Ltd