Innovation

Wipro-01markets is a company born and built on innovation in 2000 during the dotcom boom. While most dotcom companies have turned to dust, we have survived and been successful.

At 01markets, innovation is defined as the implementation of a new idea that results in a marketable product or service. This definition ensures that creative brilliance is converted to business realities as a result of robust processes and focused initiatives.

One of the main reasons for our success is constant innovation that was triggered from the time of inception. Over the years, 01markets has transformed from being a purely IT oriented marketplace to an eProcurement service provider, who has conducted successful sourcing projects covering a wide sphere of industry, spanning from infrastructure to commodities, and from direct to indirect materials.

01markets started as a sell-side portal and later introduced buy-side. With the realization that there were too many players in sell-side, 01markets quickly moved on, to make Sourcing Events in buy-side, its initial offering. eProcurement solutions and consulting were added. This kind of constant and nimble change was largely due to innovation; every new idea is given its due respect and carefully explored for current and future business potential.

Golden Peacock Award:

The fact that 01markets was awarded the highly acclaimed 'Golden Peacock Award' for Innovation management in 2002 by IOD (Institute of Directors) reflects the emphasis we place on innovation.

Dedicated manpower has been put in place to drive innovation from the idea generation stage to implementation stage. The reward and incentive scheme built around innovation is a fine motivator and keeps the journey of innovation moving ahead.