Monday, December 4, 2023

Driver Logistics Launches Karnataka Operations To Invest INR 525 Crs

·         Pledges to Revolutionize Logistics Infrastructure and Boost Employment

·         To launch in South East Asia with Thailand

Driver Logistics, a rapidly growing logistics service provider, unveiled its multi-client warehouse and Partial Truckload operations in Karnataka. Mr. Aqil Ashique, CEO, Driver Logistics at a press conference, declared the company's strategic vision to position Karnataka as its gateway hub connecting South India to the rest of the nation.

Over the next year, Driver Logistics plans to hire more than 150 individuals for its Karnataka operations, with a focus on engaging young graduates. The company is set to expand its footprint across Karnataka, offering Warehousing, Full Truckload (FTL), and Partial Truckload (PTL) services to clients in key towns.

With a bold investment plan totaling INR 525 Crores over the next 5 years, Driver Logistics aims to revolutionize the logistics sector. The infusion of funds will drive technological advancements, benefiting shippers, logistics service providers, and the local job market.

Established in 2019, Driver Logistics has achieved an impressive growth rate of over 30% annually, expanding its presence to 7 states. As part of its expansion strategy, the company plans to increase its warehouse count from 53 to over 100 in the next 18 months.

Karnataka is positioned as a pivotal hub for Driver Logistics, facilitating the consolidation of operations in Kerala, Tamil Nadu, Telangana, and Andhra Pradesh. CEO Mr. Aqil Ashique emphasized the company's resilient and efficient business model, highlighting its substantial growth without external funding.

Mr. Aqil Ashique,  expressed optimism about the central government's initiatives such as Gati Shakti, anticipating exponential growth in the logistics sector and a significant boost for companies in the 3PL sector. Beyond national expansion, Driver Logistics eyes the growing trade between India and South East Asian countries as a catalyst for increased demand in professional logistics services. In line with this vision, the company is exploring expansion into South East Asia, commencing with operations in Thailand.

About Driver Logistics

Established in April 2019, Driver Logistics embarked on its journey with a modest fleet of 30 vehicles, serving 4 clients across 13 warehouses. Over time, the company has experienced remarkable growth, now catering to 30+ clients across an extensive network of 50 warehouses in Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra, Telangana, and Gujarat. With an expanded fleet exceeding 200 vehicles and a dedicated team of 500+ professionals, their focus remains on seamless logistics solutions. Specializing in 3PL services, Driver Logistics prioritizes optimizing supply chains for efficient operations. What truly distinguishes them is their proprietary tech solution, a key asset benefiting both clients and partners. Notably, they stand out as one of the select large companies offering PTL services, now extending their reach into Karnataka.

Photo Caption: Rashad M, Director Operations, Driver Logistics, Aqil Ashique, CEO, Driver Logistics, Ashraf Kainikkara, Director-Finance, Driver Logistics, Pradip Unni, Chief Marketing Officer, Driver Logistics at a Press Conference in Bangalore to announce Driver Logistics operations in Karnataka with the Investment of INR 525 Crores.

No comments:

Total Pageviews