Chennai-based Millennium Soft-Tech (India) Pvt. Ltd., a distributor of point-of- sale (POS) products, has made a foray into the e-commerce segment.
The 20-year-old firm has a brick-and-mortar business, and is a distributor for Epson POS printers, Posiflex POS terminals and peripherals, Toshiba bar code printers, Honeywell scanning and mobility products and Casio cash registers.
Online directory In April, the firm launched an online directory JusTransact.com through its arm Millennium Retech Ventures India Pvt. Ltd.
“Based on the feedback received from the customers, we are now expanding it as an e-commerce venture,” JusTransact.com founder and Director BhaskarVenkatraman said.
The online venture would not be restricted to only to the five brands it distributed, but would cater to over 1,000 products, he said.
“Ours will be market price and we won’t involve in discounting. We will only pass on the offers given by the manufacturers from time-to-time. This way our margins are protected,” Mr. Venkatraman said.
The firm at present has a turnover of Rs.40 crore, and is looking to touch Rs.150 crore, including revenue from e-commerce, in the next three years.
