Tuscan Ventures invests in LCL Logistix
Tuscan Ventures has concluded an investment in LCL Logistix Pvt. Ltd, formerly LCL Agencies Pvt. Ltd, one of India's largest freight forwarders and 3PL services provider with 33 offices and 400+ employees.
Tweet-- This investment, which gives Tuscan Ventures a 12.45% ownership stake in LCL Logistix for an undisclosed sum, comes in the backdrop of burgeoning trade to and from India and the increasing propensity of the trade to engage professional and experienced service providers to manage their supply chains effectively. According to Mr. Vishal Sharma, Managing Director, Tuscan Ventures, “The robust team at LCL Logistix comprises some of the most experienced professionals in the industry. This investment will fund their rapid expansion plans and further poise them to provide as well as command outstanding value to and from all its stakeholders”. Commenting on the investment, Mr. Unni Nair, Managing Director, LCL Logistix, said, “We are excited about the opportunities that lie ahead of us and I am confident that Tuscan’s hands-on approach, operating expertise and deep industry relations will be of significant value to LCL Logistix”
Head quartered in Mumbai, LCL Logistix’s core product and service offering includes tailored containerised logistics solutions to all major destinations globally. In addition, LCL Logistix offers fixed weekly Less Than Container Load and project cargo handling services to all major corridors. LCL Logistix operates multiple warehouses at Mumbai, Nagpur and Haldia and New Delhi. LCL Logistix recently inaugurated its 80,000 square meter state-of-the-art CFS in Pipavav and operates a CWC owned CFS at Adalaj, Ahmedabad. LCL Logistix is in advanced planning stages of opening two additional CFSs in key demand locations in India.
Tuscan Ventures Pvt. Ltd specializes in value creation through operational excellence in supply chain, logistics and transportation infrastructure. With offices in Mumbai and Singapore, Tuscan Ventures’ unique value proposition is to build operating businesses within the wider shipping, logistics and transportation sector in India and South East Asia, while making strategic financial investments which are synergistic to its operating businesses. Tuscan Ventures has over 40 years of combined in-house experience in the global maritime and logistics sector including container shipping, ports, supply chain management, vessel operation and management.
For more information, please visit www.tuscanventures.com
Notes to Editor
Tuscan Ventures Pvt. Ltd specializes in value creation through operational excellence in supply chain, logistics and transportation infrastructure. With offices in Mumbai and Singapore, Tuscan Ventures’ unique value proposition is to build operating businesses within the wider shipping, logistics and transportation sector in India and South East Asia, while making strategic financial investments which are synergistic to its operating businesses. Tuscan Ventures has over 40 years of combined in-house experience in the global maritime and logistics sector including container shipping, ports, supply chain management, vessel operation and management.
For more information, please visit www.tuscanventures.com