Mahindra Logistics eyes acquisitions in SE Asia to strengthen freight wing

In 2014, Mahindra Logistics had acquired a majority stake in Mumbai-based Lords Freight India, which specialises in international logistics solutions

Mahindra Logistics plans acquisitions in south-east Asia to develop its freight forwarding wing to achieve its targeted turnover of Rs 6,000 crore by 2021.

Of its Rs 3,860 crore revenue posted in the last fiscal year, freight forwarding accounts for only five per cent of the total revenue, while the company has set a target of atlest 10 per cent revenue contribution from this segment by 2021.

Pirojshaw Sarkari, Mahindra Logistics CEO, believes that since organic growth in this segment will take time, acquisition is a quicker way towards achieving this goal.

“We will look at acquisitions of companies who