ProConnect Supply Chain Solutions, a part of the $6.5-billion Redington Group, has undertaken a consolidation exercise in a bid to become a logi-tech company in three years’ time, said MD and CEO Malay Shankar.
The logistics firm wants to convert itself into a logi-tech company that leads in technological solutions and provides seamless experience to clients either in India or in West Asia, he said. “We want to achieve this goal in less than three years,” Mr. Shankar said in an interaction.
“During the current fiscal, our plan is to double the warehousing footprint and transportation network, and the revenue to Rs. 1,000 crore,” he said.
Mr. Shankar said that as part of the consolidation exercise, the firm recently completed the acquisition of Redington’s automated distribution centres in Kolkata and Chennai under One ProConnect.
Process was on to acquire Redington’s subsidiaries in Dubai and Saudi, the CEO said.