NEW DELHI, Mar 23: Transportation firm Venture Supply Chain (VSC), which works with companies like Amazon and Ecom Express, aims to double its revenues to Rs 250 crore by March 2019 as it expands its capacity to service more locations across the country.
VSC recently started ‘milk runs’ using smaller vehicles to cater to locations where operating larger trucks is not feasible and plans to strengthen this business further.
“The logistics industry in India has seen a phenomenal growth on the back of huge demand from the e-commerce industry and this is likely to grow further. We want to ensure that we can provide services to our clients, even in far-off places as fast and efficiently as possible,” VSC founder Rajesh Singh said.
He added that the company will close this fiscal with Rs 120 crore in revenue and Rs 250 crore by March 2019.
Of the Rs 250 crore, about Rs 100 crore is expected to be through ‘milk runs’, Singh said.
Apart from e-commerce, VSC also works with players in areas like FMCG, automotive and courier delivery.
The company has a fleet of close to 400 vehicles, which it plans to expand to 800 — including smaller vehicles for milk runs — in the next few months.
“On time delivery is the foremost requirement of all clients… With e-commerce companies delivering items to tier II and III towns and villages, we also have to ensure that we can service these locations with the same service quality as the big cities,” he said. (PTI)
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