Signed reputed brands such as Haldirams, Crompton Greaves and Myntra
Annualised billing from new accounts expected to be over INR 500 million
Future Supply Chain Solutions Limited (BSE: 540798, NSE: FSC), a leading third-party supply chain solutions specialist and logistics service provider, today announced that it has signed new clients for its contract logistics business. This includes Haldirams Products Private Limited (a reputed Indian snacks brand), Crompton Greaves Consumer Electricals Limited (an established brand for appliances), Myntra Designs Private Limited (a well-known e-commerce platform, www.myntra.com) and many more. The annualised billing from these newly added accounts is expected to be over INR 500 million. The Company has a healthy 12-month sales funnel of INR 4,000-5,000 million, which are at various stages of discussion with customers.
Mr. Mayur Toshniwal, Managing Director, Future Supply Chain said “This is an important milestone for us and we are extremely excited about our partnerships with such reputed brands. We hope to leverage our domain expertise and technological prowess in the consumption-driven sectors, to provide them with an extremely reliable supply chain that caters to their requirements in a timely and efficient manner.”
About Future Supply Chain Solutions
Future Supply Chain Solutions Limited is a public company domiciled in India and incorporated on March 8, 2006. FSC is a leading third-party logistics service operator in India and covers the entire gamut of supply chain services across logistics value chain including smart warehousing, an efficient transportation and distribution system, temperature controlled logistics and last mile delivery logistics. FSC operates a pan-India distribution network, offers integrated warehouse management systems with highly automated state-of-the-art technology systems, and hub and spoke transportation model that enable innovative service offerings to the customers in an optimised and cost efficient manner. It caters to corporates in Fashion & Apparels, Food & Beverages, Consumer Electronics & High Tech, Automotive & Engineering, Home & Furniture, Healthcare, General Merchandise and E-Commerce sectors.
As of March 31, 2018, FSC operations are run through 55 distribution centres across India, covering approximately 4.58 million square feet of warehouse space. Its “hub-and-spoke” distribution model comprising 14 hubs and 129 branches across India, covering 11,322 pin codes across 29 states and 5 union territories. During March 2018, FSC operated 622 containerized vehicles, and 144 Company owned refrigerated trucks.