Mahindra Logistics in talks with SE Asian companies for acquisitions in freight forwarding space
Mahindra Logistics is in talks with 4-5 South East Asian companies in a bid for global acquisitions in the freight forwarding space.

May 17, 2019: Mahindra Logistics is in talks with 4-5 South East Asian companies in a bid for global acquisitions in the freight forwarding space. Pirojshaw Sarkari, chief executive officer, Mahindra Logistics said that the acquisitions will take place over the next six months.
“We would prefer freight forwarding companies that have larger market presence across south east Asian markets. Though we are also open to joint ventures, we would prefer firms with a 'large market presence' across south east Asia including Indonesia, Thailand and Singapore,” added Sarkari.
Freight forwarding accounts for only 5 percent of Mahindra Logistics’ total revenue of Rs 3,860 crore posted in the 2018-19 financial year. “If we have to clock a turnover of Rs 6,000-crore company over the next few years, freight forwarding has to contribute 10 - 15 percent to revenue,” Sarkari said,
The third-party logistics service provider is also studying the feasibility of using inland and coastal waterways for goods movement. “Soon, we will enter this mode which is considered the world over as the least polluting and cheapest transport mode. We hope to trial-run cargo movement by end of this year,” Sarkari said.
APM Terminals Pipavav all set to resume shipment of bulk...
7 July 2022 5:13 AM GMTGovt clears way for Pradhaan Air Express to take off
6 July 2022 4:37 PM GMT8 malfunction incidents in 18 days, DGCA issues showcause notice to...
6 July 2022 11:36 AM GMTAPM Terminals rejigs operations to 3 zones, appoints regional MDs
6 July 2022 9:55 AM GMTAD Ports Group, SEG sign deals for infra development in Uzbekistan
6 July 2022 8:31 AM GMTU.S ports most expensive on D&D charges: Container xChange
6 July 2022 7:34 AM GMTSurat-based startup EVIFY raises INR 80 Lakh to accelerate EV...
5 July 2022 11:41 AM GMT