Indian Transport & Logistics

Stellar Value Chain forays into cold chain segment; acquires majority stake in Kelvin

Stellar Value Chain forays into cold chain segment; acquires majority stake in Kelvin
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Jan 09, 2017: Stellar Value Chain Solutions, a third party supply chain and logistics company serving consumption driven sectors in India, has announced the acquisition of a majority stake in Kelvin Cold Chain (“Kelvin”), a player in integrated cold chain logistics business. Ambit Pragma will retain a minority stake in Kelvin.

Commenting on the deal, Anshuman Singh, Founder, MD and CEO, Stellar Value Chain, said “The investment into Kelvin augurs well for our mission of bringing about a value chain transformation for consumer businesses in India. Kelvin is a well governed and mid-sized cold chain business which complements well with our pan India contract logistics and transportation play. We will significantly augment Kelvin’s management, implement new technology tools and raise the quality of product handling in the months ahead thereby unlocking significant value for customers. Following this investment, Stellar will seek to make further acquisitions in the third party logistics sector in India.”

Commenting further, Rajeev Agarwal, Ambit Pragma’s Managing Partner, said, “Anshuman’s understanding of the cold chain opportunity and his vision for the business compliments Kelvin’s growth strategy. We are delighted with this partnership and look forward to Anshuman’s leadership as Kelvin expands it’s footprint in cold chain logistics.”

Stellar Value Chain Solutions, founded by logistics industry pioneer Anshuman Singh, is a company focused on creating value for its customers across the entire Value Chain covering both Supply as well as Demand. The company has an investment of up to USD 125 million from global private equity firm Warburg Pincus. Kelvin Cold Chain is a portfolio company of Ambit Pragma, a SME private equity fund.

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