Saurashtra Freight plans to invest Rs3500 million in three years

Consolidating its position in the logistics ecosystem, Saurashtra Freight is looking for strategic acquisitions with a vision to unlock the business potential of the logistics industry in India as well as grow and expand its organisation’s value, assets and presence. The company plans to invest an amount ranging from Rs50 million to Rs1,000 million in companies in the field of logistics, warehousing, transportation and other relevant sectors associated to freight industry. The organisation aims to invest up to Rs3500 million in the next three years to fuel its growth in the industry.

Raghav Agarwalla, Managing Director, Saurashtra Freight, said, “We are very optimistic of the logistics sector in India and the untapped growth potential. Being a well-capitalised, debt-free balance sheet along with Fairfax’s backing gives us the edge to consistently invest in sustainable and free cash flow generating businesses.’’