With the business environment getting tougher for ecommerce companies in India to raise funds, ecommerce companies have to look for a more viable business model. India is home to some of the most well-known ecommerce companies around the world. The top Indian ecommerce companies include Flipkart, Amazon, Paytm, mJunction, Snapdeal, MakeMyTrip, Myntra, Shopclues, Infibeam & IRCTC. Here is the list of top 10 ecommerce companies in India 2016 based on their GMV (Gross Merchandise Value).
A subsidiary setup by the Indian Railways, Indian Railway Catering and Tourism Corporation supports the web ticketing, tourism and catering operation of the Indian Railways.
Image: company logo
It was founded by the Government of India in 1999 so that the operations of the Indian Railways can be streamlined with the help of public private partnerships. The partnership is led by A K Manocha as the Chief Operating Officer, and is one of the biggest ticketing portals in the world.
The portal is said to provide ticketing and other services to around 13 million passengers each day. The group focusses on enhancing services in catering, tourism, hospitality and travel by serving customers with the best business practices around the world.
IRCTC has several sources of revenues. First is the tourism sector. Since IRCTC’s inception and with its excellent marketing strategy with tour operators and state tourism, tourism for railways has seen an exceptional growth in the last decade. IRCTC is also responsible for providing exclusive train coaches and charters for tourism programs. It is said to have served around 50,000 persons in such programs. Internet ticket reservation is the next source of revenue. Through its ticketing site, IRCTC has made reservation hassle free for millions of passengers who can book tickets at the click of a mouse. The Tatkal scheme has been a game changer for the Indian Railways as far as revenue is concerned. IRCTC is also diversifying into the so called “Non Railway Segment” which includes food kiosks, food parks, budget hotels, hotel and guest house management, flight tickets and online merchandise sale. IRCTC website has been touted as the website that handles the most traffic in a day and has won the best website of year India award in 2014 and 2015.