Movers and Shakers

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

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.