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Mamuni Das

Plans initial public offering in the next three years

New Delhi June 13 Indo Arya Logistics, a Rs 250-crore transportation and warehousing firm, is in talks with private equity companies to offload upto 24 per cent stake in the company.

It also plans an initial public offering in the next three years.

The company expects its revenue to grow by 40 per cent in 2007-08 over the Rs 250 crore base and hopes to see a 20 per cent growth 2008-09 onwards, Indo Arya Logistics' Director, Mr Yogesh Arya, told Business Line.

WAREHOUSES

Apart from the company's 5.14 lakh sq. ft warehouse in Haryana, it plans to build another cold storage facility over 3.75-lakh sq. ft in the same region in about a year.

Having invested Rs 27 crore for the 5.14-lakh sq. ft warehouse, the company needs to invest another Rs 20-21 crore for the cold storage facility. The cold storage facility would be a multi-level facility with six floors, he said. "The land where this warehouse is situated happens to be a 23 acre, salted water area," Mr Arya said adding that warehouse would serve the retail, FMCG segment.

CONNECTIVITY

The warehouse is at a 12 km distance from the National Highway (NH) 1, and 8 km from NH 10. Indo Arya, which has tied up with Pantaloon and ITC Foods, for the warehouse, is in talks with other retail giants including Reliance Fresh and Aditya Birla Group.

The nearest railheads are Kundli (about 12 km away) and Sampla (8 km away). Indo Arya, which set up a regional distribution centre (spread over 1.75 lakh sq. ft) in Hyderabad in April this year, also plans to set up three more such regional distribution centres in Mumbai, Kolkata and Chennai over the next two years. "The three regional distribution centres would be spread over a total of one million square feet. We have identified the land in Chennai," Mr Arya said.

ACQUISITION

The company is also looking at acquiring freight forwarding firms with expertise in retail and FMCG business and networks in India, France, Germany and China.

More Stories on : Mergers & Acquisitions | Supply Chain Management

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