How will MLL double its turnover in next four years? According to Swaminathan, MLL has worked out a three-pronged strategy to achieve Rs 10,000 crore. In FY22, MLL clocked its highest ever revenue of Rs 4,083 crore despite the impact of the Covid waves. MLL has set for itself a turnover target Rs 10,000 crore by FY26. Hence, MLL is placed well for sustained growth," says Swaminathan.Īs per a recent industry report, the 3PL market in India is poised to grow USR 10.74 billion during 2021-2025, at a CAGR of almost 8 per cent thanks to certain tax reforms and initiatives for 3PL coupled with the rapid growth of the ecommerce sector in the country. "Additionally, we have long standing relationships with most players-current and potential customers. Already, MLL is one of the largest players in the 3PL market with wide array of solutions and services and a diverse customer base. The company firmly believes that third-party logistics (3PL) is an underpenetrated market in India compared to the developed economies and hence presents large growth opportunities. ft warehousing area at Luhari which will facilitate us to serve these geographies effectively," adds 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 ecommerce, pharmaceuticals, consumer goods and retail, among other markets. We plan to continue this growth trend in FY23," says Swaminathan.
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In FY22, we registered over 40 per cent year-on-year growth in revenue from Warehousing & Solutions. "Expanding revenue from Solutions, which includes warehousing and value-added services, remain a critical part of our strategic priority. The facility is designed in line with MLLs sustainability standards, including liquid discharge management, renewable energy, waste management requirements and state-of-the-art automation. This 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 and CEO, Mahindra Logistics. This facility has also come to represent the ambitions of Mahindra Logistics (MLL), the Rs 4,000 crore-plus logistics arm of Mahindra Group that wants to scale its business quickly and successfully. ft making it the largest facility in a single park in the country. With the third structure becoming operational, Mahindra Logistics came to create a record with these three warehouses that together add up to a whopping 1.4 million sq.
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This June, Mahindra Logistics was in the news precisely because of these structures. Driving around Lohari, what catches the eye the most are three humungous structures bearing the name of Mahindra Logistics. The village is dotted with dedicated warehouses and industrial parks belonging to major Indian companies and MNCs. Thanks to its proximity to Delhi and Gurgaon, and easy connectivity to major cities and towns in the northern and western regions of India, it has emerged as a major warehousing hub.
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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.