Logistics solutions provider Safexpress will invest Rs 1,000 crore over the next four years to expand its client base, services and warehouses in India.
The expansion is expected to help the Rs 500 crore company touch a turnover of Rs 1000 crore in two years.
According to Vineet Kanaujia, general manager - marketing of Safexpress, “We are getting into new lines of services like perishable items. We are also looking at B-school and technology-school students as potential customers for moving their goods from institute to new locations after graduation.”
Christened ‘campus 2 home’, the company this year will foray into transporting goods for students from campus to their new locations after graduation.
The service is expected to cost the students close to Rs 1000 per transport. Each box can weigh up to 20 kgs.
“Over a 100 students graduate every year from each B-school in the country and with the growing number of professional courses and institutions, this is a growing area to tap. We will set up kiosks in campuses on the graduation day or during placements season to make it easy for students to reach us,” Kanaujia said.
The company will also invest in building cold storage and technologies to get into transportation of perishable items and processed foods.
It will also get into food delivery for restaurants and food joints. “We have signed on Speciality Restaurants for home or office delivery services. Some of our clients outsource the delivery to us and our people deliver orders under the client’s brand name. We will also take on sweets delivery,” Kanaujia said.
The company will also add more warehouses in the country. It will take its total warehouse space to 10 million sq ft from 4 million right now.
The company will also expand its fleets at the rate of one fleet a day, from 3300 right now.
