Mahindra Logistics acquires LORDS Freight
Mahindra Logistics (MLL), a part of Mahindra Group, has acquired a majority stake in LORDS Freight, a Mumbai-based company specialized in international logistics. According to a company release, the acquisition is expected to provide impetus to Mahindra Logistics’ expansion plans.
“Our vision is to be India’s leading, most preferred integrated logistics service provider and international freight forwarding is an essential component of this vision. With this acquisition, MLL’s service portfolio will be considerably enhanced. LORDS presented an ideal opportunity for us given its proven track record of growth, strong focus on quality and the fact that it has a strong cultural fit with Mahindra Logistics. This is our maiden investment, and will considerably add to the value proposition we offer our customers,” said Pirojshaw Sarkari, CEO, MLL.
This is the first of several in-organic steps MLL has planned ahead of its proposed initial public offering and to make it grow to Rs 6,000 crores. MLL is one of India’s leading Third Party Logistics (3PL) service providers. Over the past four years, MLL has grown rapidly by diversifying its industry segment focus, developing an integrated supply chain services portfolio, and unique people transport solutions.
“This investment by MLL will allow us to pursue a strategy of enhancing our capabilities and expanding our international presence, while simultaneously leveraging MLL’s customer base and process methodologies. LORDS has always had a keen focus on the critical attributes of technology, talent and a global network since its inception; greatly encouraged by a discerning customer base,” said Shamsudeen Ahmed, chairman, LORDS Freight (India).
LORDS, specializes in international logistics solutions, and is based out of Mumbai with a presence in most major cities in India. Founded in 2011 by a group of Industry professionals, LORDS brings together some of the best minds in the Indian logistics industry, with the executive management team having over 100 years of cumulative experience in various aspects of the logistics business including freight forwarding, customs brokerage, transportation and warehousing.
In 2009, the Mahindra Group identified logistics as a key focus area, and since then MLL has been part of the Mahindra Partners division, the US$ 900 million quasi private equity division of the Mahindra Group.
