OFB Tech Private Limited is one of the fastest-growing B2B commerce platforms in India. The company has made a significant impact in the procurement and financing sectors by helping small and medium enterprises (SMEs) grow. It combines technology, finance, and operational support to streamline how Indian businesses purchase raw materials and get working capital. Since its founding, it has revolutionized the industrial supply chain using digital tools and tailored credit.
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What is OFB Tech Private Limited?
It is a fast-growing Indian B2B commerce and fintech company that supports small and medium enterprises (SMEs) with raw material procurement and smart financing solutions. Founded in 2015, the company operates under the brand “OfBusiness” and uses technology to simplify supply chains and credit access. It offers materials like metals, chemicals, and agricultural products while providing tailored working capital loans through its financial arm, Oxyzo. OFB Tech combines commerce with credit, allowing businesses to grow efficiently. With tools like BidAssist and Nexizo.AI, it helps users make data-driven decisions. The company has grown rapidly and now serves over a million clients across India.
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Foundation and Vision
It was founded in 2015 by a team of visionaries including Asish Mohapatra, Ruchi Kalra, and Bhuvan Gupta. Their goal was simple: to make procurement and financing easier for SMEs. They noticed that smaller businesses often struggled with buying raw materials and accessing loans. They built a platform that helps businesses get materials quickly and receive financing easily. Their mission is to bring ease, trust, and efficiency to the B2B space.
The company’s name is often associated with the brand OfBusiness, which stands for “Operational Finance for Business.” Over the years, it has attracted large investors, including SoftBank and Tiger Global, because of its smart business model and strong performance.
Services Offered by It
The company focuses on two core services: raw material procurement and credit financing. Its offerings support businesses in the manufacturing, construction, agriculture, and trading industries.
Raw Material Procurement
It helps businesses get the right materials at the best prices. These materials include:
- Steel and metals
- Chemicals and polymers
- Building materials
- Agri-products and processed food items
By providing access to a wide supplier network and competitive pricing, it makes it easy for SMEs to get what they need without delays.
Smart Financing via Oxyzo
To support its buyers, it launched Oxyzo Financial Services, a non-banking financial company (NBFC). Oxyzo offers quick, collateral-free working capital loans that align with the business’s procurement history. It helps clients grow without the stress of slow loan approvals.
Technological Innovations at OFB Tech Private Limited
Technology is at the heart of what it does. The company has built advanced tools to make procurement and finance more transparent and predictable.
BidAssist is one such tool. It allows businesses to explore and bid on over 50 million government tenders. This gives SMEs a chance to compete in public projects and grow their revenue.
Nexizo.AI is another platform developed by the company. It provides real-time commodity pricing and availability data. With this tool, businesses can plan better and avoid unexpected cost changes.
Financial Performance and Growth
It has seen significant growth in the last few years. Its revenue has consistently risen due to the increasing number of users and repeat clients. The company earned ₹15,432 crore in FY23 and ₹19,296 crore in FY24, marking a 25.8% year-on-year growth. Its net profit also rose to ₹603 crore in FY24, showing a 30% jump from the previous year.
Financial Highlights
| Financial Year | Revenue (INR Crore) | Net Profit (INR Crore) | Growth Rate (%) |
|---|---|---|---|
| FY2022-23 | 15,432 | 463 | – |
| FY2023-24 | 19,296 | 603 | Revenue: 25.8%, Profit: 30% |
These numbers reflect how it has scaled operations while maintaining profitability.
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IPO and Public Transition
In January 2025, the company took a major step by converting from a private to a public company. It was renamed OFB Tech Limited as a part of its IPO preparations. According to official announcements, the company plans to raise between $750 million and $1 billion through its IPO in late 2025. The raised funds will be used to expand operations, invest in technology, and repay debts.
This move is expected to increase transparency and attract even more customers and investors. Going public will also help build trust and attract global clients in the future.
Global Presence and Workforce
Though it began in India, it now serves clients beyond national borders. It works with over 1 million SMEs and has a network of 30+ partner plants and warehouses. The company also employs over 17,000 people, including field officers, analysts, and technology experts.
Its offices are spread across India in cities like Gurugram, Mumbai, Pune, Chennai, and Bengaluru. It continues to hire aggressively, especially in its technology and sales teams.
Employee and Client Reach
| Metric | Count/Info |
|---|---|
| Total Employees | 17,000+ |
| SMEs Served | Over 1 million |
| Partner Locations | 30+ warehouses/plants |
| Major Indian Cities | Gurugram, Pune, Chennai |
Strong Backing from Investors
It has received funding from some of the biggest global and Indian investors. This includes:
- SoftBank Vision Fund
- Alpha Wave Global
- Norwest Venture Partners
- Tiger Global Management
- Matrix Partners India
The total investment raised exceeds $764 million. These funds have helped the company expand into new verticals, develop its tech stack, and offer better services to its users.
Competitors and Market Position
While there are other B2B players in India, OFB Tech Private Limited holds a unique edge due to its combined offering of procurement and financing. Companies like Moglix and Infra.Market also operate in this space, but few offer both services together at the same scale.
With its AI-powered tools, fast loan approvals, and reliable supply chain, the company has created a strong position. As of 2025, it is valued at around $2.84 billion, making it one of India’s highest-valued B2B commerce companies.
Social Impact and ESG Goals
It focuses on sustainability and inclusion. By offering financing to underserved SMEs, it supports businesses that would otherwise be left behind. It also helps reduce the carbon footprint by optimizing logistics and encouraging digital operations.
The company has announced plans to implement greener logistics, including electric vehicles for transportation and solar-powered warehouses. These steps reflect its commitment to Environmental, Social, and Governance (ESG) goals.
What’s Next For OFB Tech Private Limited
The roadmap for it is clear. The company wants to expand into international markets, particularly Southeast Asia and the Middle East. It also plans to launch more digital services for its clients, including credit score dashboards and invoice-based lending.
It aims to grow its client base from 1 million to 3 million SMEs by 2027. Investments in AI, logistics, and fintech will drive this expansion.
It will likely become a global leader in B2B commerce and smart financing.
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Conclusion
It has shown that innovation, technology, and understanding customer needs can drive large-scale impact. From easing procurement to solving credit issues, it has changed how SMEs operate in India. With strong investors, advanced tools, and a motivated team, the company continues to break barriers in the B2B space.
As it transitions to a public company and eyes international expansion, OFB Tech Private Limited stands as a symbol of new-age business success in India.
