Bangalore

ToolKart Precision Tools Pvt Ltd has launched its online e-commerce marketplace - www.toolkart.co - a platform for industrial buyers to choose and procure the Right Cutting Tools online in an easy and a hassle-free process. Any Industry that employs metal cutting machines like lathes, milling machines, CNC turning centers and vertical machining centers can buy cutting tools online from ToolKart.

ToolKart is completely technical oriented, thoroughly application specific and designed to meet the customer requirements by offering single source for wide choice of cutting tools from established and reputed manufacturers, resulting in a significant lower cost per component (CPC).

ToolKart promotes Make in India concept by offering tools manufactured in India by established manufacturers & MNCs. This helps in avoiding low end Chinese products. It offers online tool recommendation for different machining tasks, that increases machining efficiencies. This will also minimise the need for physical contact with tool suppliers and hence very ideal for the current pandemic situation. It helps in selection of the right tools by comparing cycle time, CPC & tool life.

MSMEs are considered the backbone to India’s economic growth. On the other side, the industrial MSME buyers of cutting tools have a narrow choice, and buy tools conventionally through retailers/dealers. Today the market is flooded with low end Chinese products which are sold on a low-price basis. MSMEs usually get minimal technical support / guidance, and end up using these low performance tools - bringing down their operational efficiencies to a large extent.

“Toolkart’s vision is to empower the MSMEs to attain better productivity, by providing them with the right technical support on selecting the right tools that are made in India, and help them to use it in an efficient manner,” said Ravishankar, Co-founder of ToolKart. Well networked within the industry for 36 years, Ravishankar has been in leadership roles at Widia (Kennametal), KOMET, Walter, Mazak and DMG Mori. 

Vijay Shankar, Co-founder of ToolKart, added, “Over the last 15 years, India has seen E-commerce grow in leaps and bounds. Beyond B2C, today we see a huge presence of B2B E-commerce and marketplace players. Industrial buyers are increasingly procuring materials online, and this trend will result in B2B Ecommerce growing to twice or more the size of B2C Ecommerce in India. ToolKart will be highly beneficial to the manufacturing sector, by its virtue of being an application-oriented speciality marketplace, as opposed to just being a commodity marketplace.”