Gupta told eFE that the company already invested $2 million (from the family funds) when it was floated in March, towards procuring software, hardware, setting up warehousing and technology infrastructure, offices and hiring personnel etc.

Gupta said the company was looking at a total revenue of Rs 40 crore during the first year of its operation. In India, the company already had 15 large multinational firms as clients and was currently in negotiations with over 20 other MNCs, he said.

He said besides India, the company would also look at Middle East where office products were a big market. eOfficePlanet.com currently has a personnel strength of 75 and this would be enhanced to 200 by the end of the fiscal. The company would soon set up offices in Delhi, Bangalore and Chennai while Calcutta, Ahmedabad and Pune offices would be operational end July. The company has over 60 distributors across the country.

The company was recently valued at $25 million by RoundStone of UK a boutique advisory firm specialised in emerging markets. The consulting firm KPMG was currently in the process of doing another valuation of the company and a report was awaited soon, he said.

Gupta said being a reseller or a principal aggregator, the company offered over 2,000 products and services on and offline. The products include consumable office and computer supplies, desktop computer software, printed custom stationery and business forms, electrical, cleaning and pantry supplies.