Future Supply Chains Solutions, the logistics and supply chain arm of Kishore Biyani's Future Group, has bought the warehousing business of Transmart India, including a 2,00,000-sq ft distribution centre on the outskirts of Mumbai and more than a dozen clients, for an undisclosed amount. It's a game changer for the company in the contract division as it will now have the best warehousing facility in western India, which is a scarce commodity. The firm will now have readymade infrastructure than can handle goods worth Rs 1,500 crore each.
Future Supply Chains currently has a warehousing storage space of 5 million sq ft with an additional 9 million sq ft being planned by 2014. In 2009, Hong Kong-based supply chain firm Li & Fung Group had bought a 26% stake in the company for $30 million. At present, Future Supply Chain earns more than 70% of its Rs600-crore business from servicing retail operations of its parent company Future Group.
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