Home / Knowledge / News / Future Group acquires Transmart's warehousing business
Future Group acquires Transmart's warehousing business
14
Dec '11
The logistics and supply chain section of Future Group, Future Supply Chain Solutions Ltd., has procured Transmart India's warehousing business.

The acquisition deal involves a distribution centre spread on a 200,000 square feet area in suburbs of Mumbai and some of the clients of the Transmart India warehouses.

Anshuman Singh, MD and CEO of Future Supply Chains, said the acquisition has provided the company with a readymade infrastructure with an individual capacity of handling goods worth Rs. 15 billion.

Future Supply Chains, which has 60 centres at strategic locations that serve to over 2,600 retail outlets across the country, has a total warehousing storage space of five million square feet.

Li & Fung Group, a supply chain based in Hong Kong acquired 26 percent share in the Future Supply Chains around two years ago, at a price of US$ 30 million.

Presently, over 70 percent of the company's six billion rupees business comes from servicing the retail operations of its parent firm Future Group.

Transmart India is a division of SCA Group that provides third party logistics services.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X