30.20 (0.97%) Mahindra & Mahindra’s (M&M) subsidiary - Mahindra Logistics (MLL) has acquired a majority stake in LORDS Freight (India). This acquisition will provide a significant boost to the company’s expansion plans. With this acquisition, MLL’s service portfolio will also be considerably enhanced.
Mahindra Logistics, a subsidiary of Mahindra & Mahindra, is one of India’s leading Third Party Logistics (3PL) service providers. 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. LORDS, specializes in international logistics solutions, and is based out of Mumbai with a presence in most major cities in India.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.