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About Us

                AuctionIndia is India's first business to business auction site. We provide superior customer value by using dynamic pricing based solutions i.e. 'auctions' to create an online marketplace for industrial assets. Auctions apart, our site also brings together buyers and sellers through a comprehensive listing and asset matching facility.

                AuctionIndia also offers procurement solutions through the medium of reverse or purchase auctions. Buyers are thereby able to source and procure their requirements from a wide range of suppliers at prices competitively driven down.

                Our online presence supported by a strong pan India infrastructure and sales force is instrumental in finding solutions for all our customers' needs.              

                AuctionIndia was launched in the year 1999. www.auctionindia.com is owned and run by M/s TVS-E Servicetec Limited.


Contact Us

Head Office
TVS Electronics Limited
"Arihant E-Park",
No.117/1, 8th Floor,
L.B.Road, Adyar,
Chennai 600 020.
Contact Person : Mr. K Sethuraman
Email : k.sethuraman@tvs-e.in
Cell : (0) 9840020867
Branch Offices
Bangalore
TVS Electronics Ltd
No.452, 17th G Main
6th Block ,Koramangala
Land Mark - Opp. Hopcoms
Bangalore - 560035
Contact Person : M/s. K Sujatha Pawar / Sunil Jade
Email : k.sujatha@tvs-e.in
Cell : (0) 9535500897 / (0) 7846082434
Delhi
TVS Electronics Limited
Auction Service Division
TVS ELECTRONICS LIMITED
E- 45/5, First Floor,
Okhla Industrial Area,
Phase-II, New Delhi- 110020
Contact Person : Mr. Bhuwanesh Maheshwari
Email : bhuwnesh.maheshwari@tvs-e.in
Cell No : (0) 8802141417
For any escalation/suggestion, please mail to
Contact Person: M.Gayathri
Email id: m.gayathri@tvs-e.in
Contact No – 9791803047

Services

Online Auctions

Disposal Auctions : Sellers work closely with a team of experts to arrive at a comprehensive asset disposal solution. Details are available for viewing twenty-four hours a day, three sixty-five days a year, anywhere in the country or the world. The online auction has been developed to work along with current disposal mechanisms such as sealed tenders, for maximum realization.

Purchase Auctions:

Procurement of Materials and Services online An online Purchase auction is a very effective tool in the hands of Materials/Purchase Department to reduce the Procurement cost in todays highly cost competitive environment. Typically, any high value Purchase, be it a Material or a Project or a Service, one time or recurring, can be procured through an online bidding event. It brings about a great deal of transparency, competition through dynamic pricing, convenience and savings in time and life cycle cost for both the Buyer and the Seller.

How it works

Auctionindia works with the Buyer to draw out detailed technical terms which form the basis of the Prequalification process for identifying the potential Bidders. Any quality standards that the Buyer specifies will be taken into consideration to prequalify the bidders. Auctionindia will also provide the complete profile and credentials of the potential bidder to help the Buyer decide on accepting them as a new vendor. These vendors will be registered online after the verification of their quality standards. Present suppliers who already meet these conditions will also be called to bid in the online process. Extensive supplier identification efforts would go into contacting the bidders both National and International, depending on the specific requirements of the Buyer and the market dynamics. Based on a target price that the Buyer specifies, the start price and bid decrements are worked out and put for auction preview for atleast 10 days in advance from the day of the auction. Extensive training of bidders and mock auctions are conducted with confirmed bidders who have prequalified themselves purely on technical capabilities.

We make sure that effective participation in the online process ultimately drives down the cost as well as speed up the decision making process.


All this at a cost which will be a fraction of the savings you could obtain from the Purchase Auction Process

We welcome you to contact us for appropriate and customised solutions for all your Procurement Needs. If you require any further information about our customised solutions, please contact any of our nearest point.,

TVS Electronics Limited "Arihant E-Park",
No.117/1, 8th Floor,
L.B.Road, Adyar,
Chennai 600 020.
Contact Person : Mr. K Sethuraman Email : k.sethuraman@tvs-e.in Cell : (0) 9840020867


Branch Offices
Bangalore

TVS Electronics Ltd
No.452, 17th G Main
6th Block ,Koramangala
Land Mark - Opp. Hopcoms
Bangalore - 560035
Contact Person : M/s. K Sujatha Pawar / Sunil Jade
Email : k.sujatha@tvs-e.in
Cell : (0) 9535500897 / (0) 7846082434


Delhi

TVS Electronics Limited
Auction Service Division
TVS ELECTRONICS LIMITED
E- 45/5, First Floor,
Okhla Industrial Area,
Phase-II, New Delhi- 110020
Contact Person : Mr. Bhuwanesh Maheshwari
Email : bhuwnesh.maheshwari@tvs-e.in
Cell No : (0) 8802141417

Conduct Your Own Internet Auction

You can use the auction platform designed by us to auction off any product or service to any one. Surplus inventories, end of line stocks, shop-soiled or refurbished products, rare and antique items and left over ticket offers for travel, tour or event are some of the items popularly auctioned off in other countries. 

You can plan and conduct your own auction using our auction platform and services. Contact us for specific proposals.

Surplus Management Solutions

AuctionIndia's surplus management schemes involve services to identify, catalogue, evaluate, publicize and sell by auction or otherwise surplus plants and machinery.

Testimonial



19.01.2000

"I congratulate you for successfully conducting India's first Business to Business Internet Auction of machinery and spares of our Company on your website www.auctionindia.com . We are happy to have been your first customer in this area and are appreciative of the service we received from your officers and the prices realised for the items sold, despite the very short notice you had to conduct the auction. We will be happy to use your Online auction services again for our further requirements."

- M.D. Commercial



17.04.2004

"Our Management was appreciative of your earlier service with regard to disposal of old materials and is happy to assign you the job of conduction on-line bidding for our FRC Cloths. "

V. T. Sathyaprakash
Manager (Marketing & Garments)



24.02.2000

Sub : Auction Sale of assets of JTS Technology Limited. - Hosting of Tender Document in your site - Reg. " We wish to express our deep sense of appreciation for the excellent cooperation and support extended by you in hosting the entire offer document for the above auction on your website auctionindia.com. We were very happy at the number of hits and enquiries received through the internet for this auction from India and abroad. "

- Managing Director



26.04.2000

"We are very happy at the way in which you have conducted Internet auction of our machines. The machines you have sold through the Internet have fetched us very good values, sometimes more than what we had expected. We think that the focused marketing you have carried out and the participation of genuine end users are responsible for this. The transparent nature of the whole exercise which leads to objective evaluation may also be a factor in this regard. We thank you for conducting this successful auction and hope this is only a beginning of a long lasting association. "

- V P (Operations)



21.6.2000

We thank you for successfully conducting internet auction of some of our condemned machineries in a professional and customer friendly approach. You have brought in a good number of buyers through internet which helped us in achieving the sale of machineries in the shortest cycle time. We convey our appreciation to you and your colleagues for the excellent support and coordination rendered and paved way for e-commerce in our unit.

- SR. DY. GENERAL MANAGER
MATERIALS MANAGEMENT (FB)



26.04.2000

"We have entrusted the job for disposing of 16 nos. Old machineries on internet on-line auction cum sealed offer through your organisation. The response was excellent and overwhelming".

- D.J. Sudarshan
Asst. GM(ME) ,HMT Ltd Watch Factory I & II



31.01.2001

"This is to notify that the outcome of the Reverse Auction that was conducted by auctionindia.com for an Electrical Tender has been very helpful in reducing the total tender value substantially. This is due to the transparency of the bidding process. This approach was taken after the conventional method of negotiations, was tried.

- S.C. Vellal
Project Manager, Personal Products, Hindustan Lever Limited



30.03.2001

"We are extremely delighted at the outcome of the auction that was conducted by Auctionindia.com for regular scrap disposals at our various units. Auctionindia's professional and dedicated approach has brought us better price realisations to the tune of 9 % to 52 % for various assets as compared to the conventional methods tried before. We wish Auctionindia.com all success and look forward to a long term relationship".

-Santanu Bhattacharya
Executive Director, CESC Limited



07-10-2003

We wish to express our deep sense of appreciation to Auctionindia.com team for the providing excellent support for conducting 4 Online auctions for the sale of certain Assets of our company. We also place on record our appreciation for having conducted the Court sale through Internet thereby bringing in various agencies together. We have realised higher revenues on the sale of assets on account of the online auction process We wish Auctionindia.com team all success in their future endeavours.

Asst. General Manager(Legal)



30.01.2003

We wish to appreciate the best and unstinted efforts taken by your team members for this project. We are very successful in this project through getting better realization value for the wet affected stocks It is really a good teamwork and helped us in reducing our final claim settlement with our insurance company. The Management and Insurance company appreciated the success of the entire project for timely completion with professional approach. We once again thank you for the GREAT achievement of the TVS team and looking forward to your support for further projects.

S. Sundararaman
Manager-Supply Chain Management



31-10-2002

We place on record and commend you for the excellent coordination in ensuring the disposal of the voluminous Scrap material lying in our factory within a very short notice. This had indeed enabled us to make other arrangements in time for the one of the most important VIPs visits to our factory. We thank you all once again for your efficiency.

DOSS VICTOR J A
General Manager



05.04.2004

" We are extremely delighted at the outcome of the auction that was conducted by Auctionindia.com for scrap disposals at out Belgaum Plant. Auctionindia's professional and dedicated approach has brought us better price realisations. We place on record and commend you for the excellent coordination in ensuring the disposal of the voluminous scrap material within a very short notice. "

G. M. Mathad
Sr. Manager - Materials

Help

General Help

General Help for New Users
  • Why should I register?
  • As visitors you are free to browse through all sections of the site. However registration will enable you to make complete use of all the features the site has to offer. Further, as registered users you will also receive periodic site updates and notifications relating to your specific industry. Registration is free.

  • How should I register?
  • For registering please go to the register section on our site, fill in the form provided and click on the submit button. If you have given your Email address you will receive a confirmation with your user name and password soon after you register. Registration is free.

  • What if I forget my user name and/or password?
  • After you register with us we will be sending you an email with your user name and password. You can refer this mail in case you forget; else you may register once again with a new login name.

    Auction Help

    Auction Help for Buyers
  • Am I eligible to participate in an auction?
  • In order to participate in an auction, you would a) need to be a registered member of the site and b) pre-qualify yourself for the auction. Every auction will have its own requirements for qualification.

  • How will I come to know of upcoming auctions?
  • Previews of upcoming auctions will be posted well ahead of the auction date on our site. As registered members you will also receive instant notifications about upcoming auctions.

  • How do I get started?
  • If you are interested in any item that is up for auction, kindly go through the terms and conditions for the same on our site and get yourself qualified for the auction. This would normally involve sending us a demand draft for a certain refundable amount along with a copy of the auction's terms and conditions duly signed.

  • How do I bid?
  • For bidding for a particular item, you would first need to select the item of your choice from the list provided. On doing so you will see a detailed description of the item along with the minimum bid amount as well as the minimum incremental bid. Your bid amount has to be equal to or exceed the minimum amount and subsequent bids will have to increase either by or over the incremental bid amount specified. After specifying the bid amount click on the bid now button and reload the page.

  • What is e-agent?
  • e-agent is a facility that enables proxy bidding. In case you have a maximum price in your mind for an item, you can specify that amount in the e-agent box. This will save you the trouble of having to increase your bids from time to time. The computer will bid on your behalf in minimum incremental amounts as and when you are outbid. There is no limit for the e-agent amount. Further, your e-agent amount will not be known to anyone else. The minimum bid increment condition is not valid for e-agents while making their final bid (ie, the last bid for that e-agent amount).

  • What is bid history and bid status?
  • Bid history is a historical account of the bids made so far in the order they have been made. Bid status shows the status of your current bid vis-à-vis the highest bid made by the other bidders.

  • What is alter name?
  • You can choose an alternative name for yourself in the alter name box provided in the bid page. This is the name that will be seen by others against your bid. In case you do not choose an alter name your login name would be seen against your bid. An alter name is a method you can use to disguise your identity if you so desire. Please remember that once you choose an alter name the first time you bid, it cannot be changed thereafter.

  • What is a reserve price?
  • Reserve price is a minimum amount set by the seller below which he is under no obligation to sell the item. The reserve price will not be disclosed to the buyers.

  • How will I know if I am outbid?
  • The bid status screen will give you your position vis-à-vis other highest bidders. Apart from this we will also be sending you e-mail alerts the moment you are outbid.