 14-May-19, Business Standard 

Mahindra Logistics is scouting for acquisition in Southeast Asia to strengthen its freight forwarding business, expanding its warehousing space and touching Rs 6,000 crore topline by FY'21, its CEO Pirojshaw Sarkari said.

Image: Mahindra Logistics Ltd

Warehousing offers better margin for the company and in the current fiscal plans are in place to add two million square feet of space. "We are looking for acquisitions in SE Asia in the freight forwarding sector. This segment is just 5 per cent of our total business," Sarkari said.

The company's freight forwarding business is handled through Lords Freight, which it had acquired earlier. Globally, top logistics players generate at least 25 per cent of revenue from freight forwarding. Sarkari said the immediate target is to double the business in this sector. "Apart from expanding freight forwarding, we will be expanding warehousing space", he said.

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