Source.One expands to a new 200-seater office
-Opens door to hiring across various fields-
Mumbai/Pune, September 06, 2022: Source.One, a cutting-edge
commodity distribution platform, today announced the expansion of a new 200-
seater office in Pune that follows 50-80 employee hiring in the next 2 years.
To support the
expansion Source.One will hire across Business Teams, Data Analytics, Tech, and
Logistics. This in turn will support their future hiring plans for all 3 areas:
- Existing Business expansion: Expanding into more
packets of Polymer consumption viz export markets, international markets,
etc.
- Vertical expansion: Entering into more value-chains
across chemicals i.e., Bulk & Specialty Chemicals.
- Other Industries: Expanding to
non-chemical verticals, like Building Materials, Yarn, etc.
Arun Singhal, Founder & CEO, Source.One, said, “The expansion line is
consistent with our stated ambition plans in hiring and accelerated growth in
India. To succeed in commodity, especially raw materials, you need a strong
blend of people with industry expertise, proficiency in operations and
technology. We at Source.One strongly believe that with the right manpower and
skill sets our goals can smoothly align in scope for growth.”
The Covid
epidemic disrupted the supply chain and weakened demand over the past two
years, slowing the growth of the Indian petrochemical sector. However, the
petrochemical sector is expanding significantly, and demand for its derivatives
in a variety of consumer industries is expected to rise. Source.One intends to
keep its attention on the chemical industry and will venture into several value-chains
within its domain.
About
Source.One: Source.One
simplifies raw material procurement of 1000s of MSMEs, enabling them to focus
on growth and sales, rather than procurement. The company has created a unique
model around the Distribution eco-system, providing not only the best prices,
but also layers of logistics and credit to its offering. In a short span, it
has grown to become India’s leading player in petrochemicals distribution and
has added Packaging as a new line of business, to support its vertical
expansion plans. In future, the company plans to expand into more value-chains
similar to petro-chemicals, and the chemicals domain. With a strong team of
engineers, bankers and data enthusiasts, Source.One has created a highly
intuitive platform to serve Indian MSMEs. The company has developed deep
expertise around MSMEs, and has partnered with 5 tech Giants, along with niche
fintech and logistics tech Companies, to solve for data problems around Indian
MSMEs. Its data machine allows for a seamless onboarding and transaction for
any MSME across the country.
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