The Hindu Business Line : Writer Corp plans foray into third-party logistics

Hyderabad, Jan. 11 Writer Corporation plans to invest about Rs 100 crore in its diversified businesses in South India, which include a major information management services centre in Hyderabad, foray into third-party logistics and overseas expansion.

The company is poised to make Hyderabad its major business hub by setting up a document and business management services centre.

The Group Chief Executive Officer Mr Atul Jhamb, said, that Hyderabad is witnessing a significant growth and the working population is rapidly expanding requiring specialised support services. With the new international airport close to completion this momentum is likely to continue.

The company, which provides professional relocation services, has diversified into information management and is also looking to address third-party logistics services as an extension of the capability that the company has built over the years.

Mr Jhamb told Business Line that the company now operates out of 50 locations, including centres in West Asia, employing nearly 3,000 people. Given the market potential and the industry growth of about 30-35 per cent, the company plans to expand within the country making South a special focus area and also plans new centres in the Middle East.

Mr Jhamb said that the business support now covers retail and ATMs for banks. The number of ATMs has grown over the years and more banks are expanding their network and cash movement support is a growing business. The company is also in the process of strengthening the infrastructure to consolidate this business.

LOGISTICS

Mr Jhamb said “the company’s foray into third-party logistics would compliment its other main business of professional relocation. While initially, the focus would be on internal expansion, we are also considering acquisitions.”

“Most of the current expansion would be through internal accruals and debt. However, in about two-three months, we except to finalise plans for funding options,” he added.

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