Mahindra Logistics Limited provides customized integrated third party supply chain and people transport solutions to companies across multiple industries. It specializes in providing solutions to organisations by integrating the right technology.It has a large network of over 1,000 business partners providing it vehicles, warehouses, and other assets and services for the SCM business.
Yash Ved of Newsbarons provides you the highlights of a media interaction, where Pirojshaw Sarkari, CEO of Mahindra Logistics says” We will continue to diversify our revenues from industry verticals such as consumer goods, pharmaceuticals,e-commerce and bulk.”
NB:How much are you raising via IPO?
Pirojshaw Sarkari: We are planning to raise Rs.829 crore via IPO. The price band for the Offer has been fixed at Rs.425 to Rs.429 per equity share of Rs.10/- each of MLL, with an employee discount of Rs.42 that will be offered to Eligible Employees.
The Offer will be open for subscription to public on 31st October, 2017 and shall close on 2nd November, 2017 (both days inclusive).
NB:What is your business strategy?
Pirojshaw Sarkari: We will continue to grow share of our business from non-Mahindra clients.
We will focus on large revenue clients by providing integrated,end-to-end solutions.
We will continue to diversify our revenues from industry verticals such as consumer goods, pharmaceuticals, e-commerce and bulk.
NB:Your focus area going forward?
Pirojshaw Sarkari:We will continue to explore new business opportunities in new industry verticals and business segments.
NB:Comment on your Capex plans?
Pirojshaw Sarkari: Our Capex requirement is mainly on technology and material handling.
NB:What is your revenue mix?
Pirojshaw Sarkari: About 89.89% of our revenue comes from SCM(Supply Chain Management) business and remaining 10.11% comes from PTS(People transport solutions) business.
What is your promoter holding?
Our promoter holding stands at 74%.
NB: Brief us about your financials?
Pirojshaw Sarkari: We have crossed Rs26bn of revenues for FY17. Its Adjusted Profit after tax increased by a CAGR of 22.26%to Rs.600.41mn.
About 46% of our revenues comes from non-Mahindra clients.
NB: What is your USP?
Pirojshaw Sarkari: We believe that the competitive advantage is asset-light model which allows for scalability of services as well as the flexibility to develop and offer customized logistics solutions.