McCoy Mart, a leading procurement platform for construction and building materials, has announced ambitious plans to double its network of construction professionals to 50,000+ by the end of the fiscal year 2024-25. With a current base of over 25,000 professionals, the platform serves builders, developers, contractors, architects, and interior designers, streamlining procurement and creating a unified marketplace for the construction industry.
Amit Malhotra, Founder and CEO of McCoy Mart, shared the company’s vision, stating, “Our goal is to make McCoy Mart the go-to platform for construction professionals by ensuring seamless access to trusted brands. As we grow, we remain committed to bridging the digital gap in the industry and simplifying procurement for better outcomes.”
India’s building products market, valued at $45 billion, is projected to grow at a CAGR of 6% through 2028, according to EY Parthenon. However, challenges such as fragmented supply chains and inconsistent product availability continue to hinder progress. McCoy Mart is addressing these issues by digitising the procurement process and providing access to over 50,000+ materials from 350+ brands at wholesale prices.
The platform also offers a lead-generation service to connect construction professionals with stakeholders, enabling smoother operations. Co-Founder and COO Rahul Sahani highlighted, “By leveraging technology, we are making material sourcing faster and helping professionals hire experts with ease, ensuring a better experience for all users.”
Founded in 2019 by industry veteran Amit Malhotra, a Harvard Business School alumnus, and tech expert Rahul Sahani, McCoy Mart is part of the diversified McCoy Group. The group operates across industries such as silicones, architectural hardware, and construction materials, and exited its 50% shareholding in McCoy Soudal in 2022.
With a mission to revolutionise India’s fragmented procurement processes, McCoy Mart is enhancing the buying experience through tech-enabled supply chains, faster delivery, quality assurance, and transparent tracking. The company aspires to build a comprehensive ecosystem to meet the evolving needs of construction professionals, setting a new benchmark for the industry.
