The company will invest around Rs. 50 crores to set up new warehouses and strengthen the existing network
Highlights
- Shree Maruti Courier started the logistic (Surface Cargo) Vertical during the year 2019, and within the first two years, the company had achieved significant growth, though the situation was critical
- Shree Maruti Courier’s major share of the total turnover comes from the domestic courier product
- Looking at the current market scenario, the company management aims to increase the share of its Logistic (Surface Cargo) in its own sales
- Currently logistics vertical contributes only 15% to Shree Maruti Couriers’ annual turnover, which the company aimed to take to 45% in the next five years
- The company has 126 warehouses across the country and planning to add more than 150 by the year 2026
- Organised logistics market in India is just 10% of the total Indian logistics market of Rs. 16.41 lakh crore
- Post COVID-19, the logistics market size in India is projected to grow with the rate of 17.6% Y-O-Y
- Plans to grab a significant pie in the booming E-commerce business
Ahmedabad (Gujarat) [India], October 05: Banking upon a nation-wide strong network and to tap the immense potential of the logistics sector, Shree Maruti Courier Services Pvt Ltd is eyeing Rs. 300 crore business from the logistics vertical by the year 2026. The Ahmedabad headquartered courier and logistics firm is planning to invest around Rs. 50 crores to set up new warehouses and strengthen the existing network across India. Currently logistics vertical contributes only 15% to Shree Maruti Couriers’ annual turnover, which the company aimed to take to 45% in the next five years
Shree Maruti Courier had started the Surface Cargo vertical during the year 2019, and within the first two years, the company had achieved significant growth, though the situation was critical. Shree Maruti Courier’s major share of the total turnover comes from domestic courier products. Looking at the current market scenario, the company management aims to increase the share of its Surface Cargo division in its own sales.
Speaking on the future plans, Mr. Ajay Mokariya, Managing Director, Shree Maruti Courier Services Pvt Ltd, said, “We believe that the logistic vertical will be a next growth driver for the growth of the company. Improving infrastructure across the country, increasing urbanization, massive push to E-retail, and faster adoption of newer technologies are the key factors that will take the logistics business to newer heights. The E-commerce market is the next thriving industry which will create massive opportunities for the logistics sector. We are aiming to get a significant share from this emerging business. With the threat of Covid-19 gradually shrinking, the logistics market in India is gearing up to scale new heights.
Shree Maruti is leveraging on its strong existing network of 3,000 outlets across India serving to 4,600 pin codes. At present, the company has 126 warehouses across the country and planning to add a further 150 warehouses by the year 2026. In addition to the courier service, the company has expanded its verticals in supply chain and international cargo services. The company is planning to add 2,000 cities and towns of the country in their network and aiming to achieve Rs. 1,000 crore turnover in the next five years. To tap the booming E-commerce market opportunities, the company is strengthening the existing infrastructure and setting up a separate division to look after the operations.
The logistics sector is considered the backbone of India’s economy, estimated to be worth nearly Rs. 16.41 lakh crore. It is approximately 13.5% of the total GDP of the Indian market. Post COVID-19, the logistics market size in India is projected to grow annually with a rate of 17.6% Y-O-Y.
“Organised logistics market in India is just 10% of the total Indian logistics market. The increased consumer preference for the reduced delivery time and deployment of innovative techniques for the fast delivery of products are all playing the vital role of a catalyst in fuelling the growth of the organic logistics players in India. This organic logistics sector is growing at the rate of 10% to 15% per year”, added Mr. Mokariya.
For the FY 2021-22, the company plans to open 3,190 new unique pin codes, covering 900+ recent locations. Out of these 900+ new locations, 200 will be main cities, and the rest will be tier-2 and tier-3 cities and towns. With this aggressive expansion plan, Shree Maruti Courier is targeting to have a network in 2,500 cities & towns with around 4,000 outlets at the end of FY 2022. The company handles 2.5 lakh couriers and consignments daily through air and surface transport routes. The company has more than 18,000 committed and passionate workforces, including employees, franchisees, and other associates.
You are my aspiration, I own few web logs and often run out from to brand : (.
Hey, I think your website might be having browser compatibility issues. When I look at your website in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, excellent blog!
The very root of your writing while sounding reasonable originally, did not really work properly with me personally after some time. Someplace within the sentences you actually managed to make me a believer unfortunately only for a while. I nevertheless have a problem with your leaps in assumptions and one would do nicely to fill in those gaps. If you can accomplish that, I will definitely end up being impressed.
Hello, you used to write excellent, but the last several posts have been kinda boringK I miss your great writings. Past few posts are just a little bit out of track! come on!
magnificent points altogether, you just gained a new reader. What would you suggest in regards to your post that you made some days ago? Any positive?
I will right away grab your rss feed as I can not in finding your email subscription hyperlink or newsletter service. Do you’ve any? Kindly allow me know so that I may just subscribe. Thanks.
Throughout the grand design of things you secure an A with regard to effort. Where you actually lost me personally was first on the facts. As it is said, the devil is in the details… And it could not be much more accurate right here. Having said that, permit me say to you what exactly did work. The article (parts of it) is very powerful and this is probably the reason why I am taking an effort to comment. I do not make it a regular habit of doing that. Next, although I can certainly see the jumps in reason you come up with, I am not really confident of how you appear to unite your ideas which in turn produce your conclusion. For now I will subscribe to your position but hope in the near future you actually link the dots much better.
I am glad to be a visitant of this stark web blog! , thanks for this rare info ! .
It’s a pity you don’t have a donate button! I’d definitely donate to this excellent blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to fresh updates and will share this website with my Facebook group. Chat soon!
Excellent website. A lot of useful information here. I’m sending it to a few pals ans additionally sharing in delicious. And naturally, thank you for your effort!
I think the admin of this site is genuinely working hard in support of his web page,
온라인바카라 as here every data is quality based data.
I believe this internet site has very fantastic indited content material content.
What i do not realize is actually how you are not really much more well-liked than you may be now. You are very intelligent. You realize thus considerably relating to this subject, produced me personally consider it from a lot of varied angles. Its like men and women aren’t fascinated unless it is one thing to do with Lady gaga! Your own stuffs great. Always maintain it up!
You need to be a part of a contest for one of the most useful sites
해외스포츠중계 online. I most certainly will recommend this site!
Oh my goodness! an incredible article dude. Thank you However I am experiencing subject with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting similar rss downside? Anybody who is aware of kindly respond. Thnkx
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.
I have recently started a website, the information you offer on this site has helped me greatly. Thank you for all of your time & work.
Some really nice and utilitarian information on this internet site, also I conceive the style and design contains great features.
I have recently started a site, the info you provide on this web site has helped me tremendously. Thank you for all of your time & work. “Quit worrying about your health. It’ll go away.” by Robert Orben.
Usually I do not read post on blogs, but I would like to say that this write-up very forced me to try and do so! Your writing style has been surprised me. Thanks, quite nice article.
whoah this blog is excellent i love reading your articles. Keep up the great work! You know, lots of people are hunting around for this info, you could help them greatly.
I really like your writing!