Mahindra Logistics Limited (MLL), a subsidiary of Mahindra & Mahindra Ltd, is Indias leading Third Party Logistics (3PL) service provider. Over the past four years, MLL has grown rapidly by diversifying its industry segment focus, developing an integrated supply chain services portfolio, and unique people transport solutions.
Commenting on the deal, Pirojshaw Sarkari, CEO, MLL, said, We are delighted to have Kedaara on board with us. They will add significant value to our expansion plans as well as in evaluating and executing an acquisition led growth strategy. This is a significant step towards an IPO by 2017 and achieving our vision of being Indias most preferred integrated logistics service provider.
Speaking on the investment, Manish Kejriwal, Managing Partner, Kedaara Capital, said, This investment is in line with our focus of partnering with leading Indian business groups to enhance the value of their businesses. Further, our collaboration with Mahindra Partners will allow us to exploit many other opportunities together.