Mahindra Logistics crosses Rs. 1,000 crore turnover
Now Mahindra Logistics is among India's largest integrated third party logistics service providers.
- (1888PressRelease) April 20, 2011 - Mumbai - Mahindra Logistics, part of the US$ 11.1 billion Mahindra Group, declared a turnover in excess of Rs. 1,000 crores, making it one of the largest integrated third party logistics service providers in the country today. With a focus on the automotive industry and innovative solutions under the Mahindra People Transport Solutions division, Mahindra Logistics provides a variety of logistics services to a diverse cross section of industries. With ongoing investments in technology and people, Mahindra Logistics aims to occupy the top slot in the Indian logistics industry.
Commenting on the achievement, Anand Mahindra, Vice Chairman & Managing Director, Mahindra Group, said, "The fact that Mahindra Logistics has crossed the Rs. 1,000 crore milestone within a decade of its formation is testimony to its innovative and customer-centric approach to Supply Chain Management and People Transport Solutions. I am sure that in the next few years it will emerge as one of India's most preferred integrated logistics service providers."
Pirojshaw Sarkari, CEO, Mahindra Logistics, commented "Few logistics service providers in India today have achieved the size and scale of Mahindra Logistics. We serve customers in diverse industry segments with varied needs. Our success has been based on our ability to customize our solutions while using the right technology. With investments of over Rs. 10 crores in technology and with a growing focus on transportation, warehousing and international logistics, we are set to become truly globally competitive."
Besides automotive supply chain management, Mahindra Logistics also provides integrated supply chain solutions to the consumer goods, technology & telecom and engineering goods industries. Mahindra People Transport Solutions, a division of Mahindra Logistics, offers technology enabled employee transportation solutions to the IT, BPO and airline industries.
About Mahindra Logistics:
Mahindra Logistics, a Mahindra Group company, was formed in 2000. It is an integrated logistics service provider specializing in both supply chain management and people transport solutions. Founded more than a decade ago, Mahindra Logistics serves a diverse cross section of industries, providing solutions that span the supply chain and are both customized and technology enabled.
About The Mahindra Group
The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A US $11.1 billion multinational group based in Mumbai, India, Mahindra employs more than 117,000 people in over 100 countries.
Dun & Bradstreet, the world's leading source of global business information, knowledge and insight, recently ranked Mahindra at No. 1 in the automobile sector in its list of India's Top 500 Companies. In 2010, Mahindra was featured in the Forbes Asian Fab 50 list and the Credit Suisse Great Brands of Tomorrow.
Its flagship company Mahindra & Mahindra Limited has also earned the distinction of being the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India - 2010, created by the Carbon Disclosure Project (CDP).
In 2011, Mahindra acquired a majority stake in Korea's SsangYong Motor Company.
For more information, please visit www.mahindra.com.
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