Bengaluru, NFAPost: Critical logistics solutions provider CriticaLog India is expecting a 7.5 X growth during the next five years and is all set to join hands with a strategic partner to infuse around Rs 150
crore.
Commenting on the company’s expansion plan, CriticaLog India CEO and Managing Director Sujoy Guha said customers are expecting the company to provide the entire gamut of logistic requirements.
“Our steadfast focus on serving clients in the movement and storage of critical cargo has received an overwhelming response from the market and now their demand is to expand the scope of our solutions. As part of that strategy, we decided to strengthen our capabilities on road express, fulfillment and international,” said CriticaLog India CEO and Managing Director Sujoy Guha.
The company has given a mandate to Grant Thornton to find a strategic partner and entered preliminary talks with domestic and international suitors.
“It is interesting to note that despite the pandemic, CriticaLog has registered tremendous growth. To manage ongoing disruptions, Indian companies are demanding integrated services which only solution minded logistics providers can deliver. We want to bring a strategic partner for the exponential growth that we are expecting in the integrated solutions market,” said CriticaLog India CEO and Managing Director Sujoy Guha.
With expertise in delivering, time-critical, high-value and temperature-controlled items for Fortune 500 companies, CriticaLog has built a delivery model – structured on tech- enabled systems such as TMS, WMS, Android based deliveries, GPS vehicle locator and movement monitoring, hand-held units
for remote data entry and IoT.
According to CriticaLog India CEO and Managing Director Sujoy Guha, the new fund infusion will help the company to ramp up its artificial intelligence and machine learning capabilities in services delivery.
“Besides tech enablement, the funding will be availed for expanding its fulfilment capabilities for the high-end B2C customer segment. Also, our company needs additional manpower to take on the next phase of the growth journey,” said CriticaLog India CEO and Managing Director Sujoy Guha.
Speaking on the company’s strategy, LoGon Investments Managing Partner Charles Gondrand said since investing seed money in CriticaLog India in 2013 the company has established its brand as a market leader in the critical logistics space. It has been registering phenomenal growth by servicing new-age companies and established MNCs in India.
“Now our strategy is to bring a strategic investor who can build synergies and help the company move to the next stage both in terms of products and geography” said Swiss based LoGon Investments Managing Partner Charles Gondrand.
Commenting on LoGon Investments other investee companies, Charles Gondrand added, “Initially we had been implementing our learning from Europe to India. But for the past years, CriticaLog is helping us to implement learning on the tech front from India to other countries.”
While the company has crossed a running rate revenue of 100 Crores in fiscal 2022, backed by new investments and strategic partnership, CriticaLog has a plans to grow 7.5 X in 5 years.
