'TPOIS enables companies to liquidate dead stock'

"With a focus on the needs of the industrial community, TPOIS has been created to provide a one-point stop for all industrial solutions. Trading in old or new unused items i.e. industrial machinery, equipment, tools, e-waste, scrap and finished products/surplus inventory can be carried out expediently," Madhusudan Chokhani, Founder and think-tank leader of TPOIS told Fibre2Fashion.

Speaking about the scope for the Indian textile industry on TPOIS, Chokhani said, "Indian textile industry is very vast in nature and can avail big advantage from TPOIS. In textiles, beside the machinery and equipment, they can also sell their rejected material or surplus products. The textiles companies can have wonderful results from Tpois once they list their products."

TPOIS, a marketplace for redundant industrial machines and equipment, helps sellers benefit by availing e-auction facility, realising optimum value of used machines and equipment, finding interested buyers and generating revenue from non-moving or unused assets, stated Chokhani. On the other hand, a registered buyer can view and evaluate the listed products, save time as well as the hard-earned money that would otherwise be wasted in searching for respective products in the physical market.

The venture faced certain challenges like winning a customer's trust and worked aggressively to implement a customer-centric working philosophy, so as to enable them to succeed in their pursuit of attaining sustainable growth.

"We as start-up often face the problem of just not knowing what is going to happen or what should happen. Because we are first one who launched a new business concept to the market. We hit at the pain point of the industries and the business owners, and which is extremely hard task to pitch these business owners and get time to make them aware about TPOIS," added Chokhani.

Connecting the buyers with financial firms is TPOIS' future plan, concluded Chokhani. (KD)

Fibre2Fashion News Desk – India