Categories: Business

L&T launches SuFin, a MSMEs e-Commerce platform

Larsen & Toubro (L&T) has established the L&T-SuFin e-commerce platform. It is the country’s first complete e-commerce platform for industrial products and services sold to other businesses. The platform’s transaction cost is roughly 1.5 per cent. Through its B2B e-commerce platform, the company aimed to empower businesses, particularly micro, small, and medium enterprises, by allowing them to obtain industrial items digitally and cost-effectively across India.

With digital technology, L&T SuFin is positioned to alter the Indian business landscape, resulting in the formalisation of traditional supply chains and a win-win situation for suppliers and buyers,” the company said in a statement.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

KEY POINTS:

  • All forms of construction and industrial products will be available on the platform. At the same time, logistics and finance would be assisted in an effort to sell industrial items to MSMEs across the country, according to L&T’s Business Head Bhadresh Pathak.
  • “With the introduction of L&T SuFin, we take another step forward in our digital transformation path, drawing on our legacy of trust and ecosystem knowledge. We are confident in L&T SuFin’s ability to alter the industrial B2B sector “, SN Subrahmanyan is the CEO and Managing Director of L&T.
  • Larsen & Toubro will use the SuFIN platform to strengthen the supply chain and build better procedures for buyers and suppliers, according to Anoop Sahai, Corporate Strategy Head at L&T.
  • This will make industrial product availability simple and clear for everyone. L&T SuFin provides a wide selection of industrial goods in over 40 categories, as well as financial and logistical support.

L&T SuFin gave sellers the opportunity to expand their markets. The platform, according to the business, is designed to connect buyers across categories and across India.

Find More Business News Here

Recent Posts

Which is the Oldest District of Uttar Pradesh? Know the Name

Uttar Pradesh is a large and important state in northern India. It has many districts,…

3 hours ago

Birsa Munda Punyatithi 2025, 125th Death Anniversary of Birsa Munda

Birsa Munda Punyatithi is observed every year on June 9 to remember and honour Birsa…

5 hours ago

Eminent Scholar Daji Panshikar Passes Away at 92

Renowned scholar, author, and literary commentator Daji Panshikar, also known as Narahari Vishnu Shastri, passed…

6 hours ago

GK Quiz on the Chenab Rail Bridge, Questions and Answers

The Chenab Rail Bridge is a world-famous railway bridge built in Jammu and Kashmir, India.…

6 hours ago

Chenab Rail Bridge: Team Behind the Construction of the Bridge

The Chenab Rail Bridge in Jammu and Kashmir is the world's highest railway arch bridge.…

8 hours ago

Rohini Gram Panchayat Wins Gold in National e-Governance Awards 2025

In a momentous achievement for rural digital transformation, Rohini Gram Panchayat in Shirpur taluka, Dhule…

8 hours ago