Best MLMs in India: In 2016, the number of MLMs was more than 10.5 million, making it the second largest market in the world.
According to data released by the National Association of Multi-level Marketing, MLMs accounted for almost 15% of the total market share, which was up from 14.2% in 2015.
While the overall market share of the sector is growing, in India, it is still small, as the number is around 5.2 million.
The number of companies in the sector was estimated at 2.8 million in 2017.
These companies are based in more than 40 states, and operate in all major cities and towns in India.
The number and size of MLM companies are growing as more companies start offering their services in the market.
As the market grows, there is a need to create new channels for marketers to reach out to potential customers.
There are now more than 4,000 MLM firms operating in India with over $1 billion in revenues.
MLM companies have started offering services like ecommerce, travel, and job training to businesses.
Some of the largest MLM brands in India include Paytm, Freecharge, FreeMoney, and Snapdeal.
Indian MLM Industry, 2016-17 Report This infographic shows the top 10 MLMs companies in India in 2016, based on market share.
You can view the full report here.
In the same year, there were 2.7 million MLMs registered in the country, which is up from 1.7 Million in 2015 and 0.8 Million in 2014.
This represents an increase of nearly 7% from the year before.
Among the top MLM-related companies, Paytm and FreeCharge accounted for over 70% of all MLM businesses.
Snapdeal and FreeMoney are also big players in the MLM sector.
Snapdeal started offering its services in January 2017.
The biggest growth in the number and number of startups operating in the Indian MLM industry was driven by Paytm.
From 2017 to 2018, Paym grew by 18.9% and Paytm saw a growth of nearly 12% in terms of market share compared to the previous year.
FreeCharge has seen its market share increase by 8.7% to more than 6.6 Million businesses.
FreeCharge is also one of the top 5 MLM players in India today.
Paytm, Payone, Paypal, Paymetalk, Paypals, and FreePayments are the top 3 MLM platforms.
A lot of the growth in this sector is due to the rise of the online and mobile businesses.
The MLM market in India is dominated by two types of companies: Paidtm and PayOne.
Pawand, Payme and Paypay have seen their share increase from 1 to 6% each in the last two years.
Both these companies are among the top two MLM vendors in India and they have more than 100,000 employees in the company.
They also offer a number of other services like job training, and online payment solutions.
Many of these companies also offer MLM services for the healthcare and education sectors.
However, these services are largely only available in India’s largest cities, and there is no option for Indian users to access them.
To combat the lack of an alternative for the growing number of people, PayOne launched its MLM platform in July 2018.
It now has over 4.6 million users in India as of April 2018.
This platform has over 1,500,000 active members.
Also Read: The best MLM websites in India for 2017-2018