Apollo LogiSolutions to invest Rs 1,300 cr in logistics biz

MUMBAI: Apollo LogiSolutions (ALL), a fully-owned subsidiary of Apollo International, plans to invest up to Rs 1,300 crore in the logistics business over the next five years, a top company official said.

"Our aim is to be a significant player in the logistics space. We plan to invest around Rs 1,200-1,300 crore in this business by 2015," Apollo International's Vice-Chairman & Managing Director, Raaja Kanwar, told PTI here.

The promoters would bring-in a part of the investment while the remaining would be through debt, he said.

The company plans to set up at least 9-10 Container Freight Stations (CFSs) and Inland Container Depots (ICDs) in five-years in India.

"Our biggest USP is the Apollo brand. In the next five years, we will have a pan-India presence," Kanwar said.

"We want to play a pivotal role in the growth of infrastructure in the country through a combination of asset and service-based logistics solutions," he said.

The company set up its first Container Freight Station (CFS) at Panvel in Navi Mumbai last year.


We have already invested Rs 120 crore in our first Container Freight Station (CFS) at Panvel. We are getting good returns from this facility," he said, adding "we expect around Rs 50 crore of revenue this fiscal."

"This is the facility where we have our CFS. Depending on the opportunities we can scale this up," Kanwar said, adding two more CFRS' are planned over the next 12-18 months.

The company has entered into a JV with Toronto-based Spire Group to construct and operate temperature-controlled warehouses in the country.

The JV initially proposes to set up and operate temperature-controlled facilities at the Panvel facility and later on at other places pan-India.

"We are in talks with a couple of companies for acquisitions in the domestic as well as overseas markets. We hope to seal the transactions in the next six months," Kanwar said.