Movers and Shakers
Businessworld India|30 July 2022
Mahindra Logistics is getting ready to exploit the large growth opportunities in the third-party logistics business with clearcut strategies that are intended to double its revenues in the next four years
Ashish Sinha
Movers and  Shakers

LUHARI VILLAGE in Haryana's Jhajjar district, about an hour's drive from New Delhi, occupies a prominent place on the state's industrial map. A key warehousing hub, it is dotted with dedicated warehouses and industrial parks belonging to big Indian companies and MNCs. Driving around Luhari, what catches the eye the most are three humungous structures bearing the name of Mahindra Logistics.

This June, Mahindra Logistics was in the news precisely due to these structures. With the third structure becoming operational, Mahindra Logistics came to create a record of sorts. Boasting a total space of 1.4 million sq. ft between the three structures, this is India's largest facility in a single park. Not just that, this facility also represents the ambitions of Mahindra Logistics (MLL), the Rs 4,000 crore-plus logistics arm of Mahindra Group that wants to scale its business quickly.

This state-of-the-art warehouse is an important part of MLL's pan-India network of multi-client facilities that manage the fulfilment and distribution of its clients' services within the e-commerce and consumer industries, informs Rampraveen Swaminathan, Managing Director & CEO, MLL.

"Expanding revenue from Solutions, which includes warehousing and value-added services, remain a critical part of our strategic priority. In FY22, we registered over 40 per cent year-on-year growth in revenue from Warehousing & Solutions. We plan to continue this growth trend in FY23," says Swaminathan.

Luhari is expected to play a significant role in MLL's plan due to its proximity to key markets in Delhi, UP, Uttarakhand, Rajasthan, Punjab and Haryana, which are key consumption belts for e-commerce, pharmaceuticals, consumer goods and retail, among other markets. "We have a total of 1.4 million sq.ft warehousing area at Luhari which will facilitate us to serve these geographies effectively," says Swaminathan.

Diese Geschichte stammt aus der 30 July 2022-Ausgabe von Businessworld India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der 30 July 2022-Ausgabe von Businessworld India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESSWORLD INDIAAlle anzeigen
MEMORIES & IMPRESSIONS
BW Businessworld

MEMORIES & IMPRESSIONS

Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.

time-read
3 Minuten  |
October 19, 2024
The Robotaxi Market
BW Businessworld

The Robotaxi Market

The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.

time-read
1 min  |
October 19, 2024
And the Nobel Prize Goes to AI
BW Businessworld

And the Nobel Prize Goes to AI

The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.

time-read
1 min  |
October 19, 2024
Ola Electrified
BW Businessworld

Ola Electrified

Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.

time-read
1 min  |
October 19, 2024
Sharp Slide in Industrial Output on Eve of Deepavali
BW Businessworld

Sharp Slide in Industrial Output on Eve of Deepavali

India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.

time-read
1 min  |
October 19, 2024
Heralding the Solar Era with Sustainable Electrification
BW Businessworld

Heralding the Solar Era with Sustainable Electrification

RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more

time-read
2 Minuten  |
October 19, 2024
A WELL-GREASED MACHINE
BW Businessworld

A WELL-GREASED MACHINE

The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar

time-read
4 Minuten  |
October 19, 2024
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
BW Businessworld

DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH

For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh

time-read
7 Minuten  |
October 19, 2024
Disruption Ahead: Beyond Organisation Charts and Structures
BW Businessworld

Disruption Ahead: Beyond Organisation Charts and Structures

ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.

time-read
3 Minuten  |
October 19, 2024
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
BW Businessworld

Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment

We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.

time-read
2 Minuten  |
October 19, 2024