Shree Maruti Courier Aiming Yearly Rs. 300 Crore Business from Its Logistics Vertical in Next Five Years
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 th...