NDR Warehousing, a key player in logistics infrastructure, plans to invest over 2,000 crore to construct warehousing and industrial parks on a 20 million square foot site in the Pune and NCR region. Krishnan S. Iyer, executive director at NDR Group, said the company.
which is backed by international investment management Investcorp, is also considering joint partnerships and inorganic development possibilities to diversify its portfolio. By leveraging finances, this investment will enable presence to develop inorganically by purchasing warehouses and land in the selected areas.
The company expects to boost revenue by $250–260 crore in FY23 and become the second-largest player in the country’s warehousing industry. It is already in negotiations with several partners to buy both land for greenfield development and operational warehouses.
In light of the expansion potential in the warehouse area across the nation, the company is poised to grow at a compound annual growth rate (CAGR) of 19–20 percent. It also wants to fund $200 million, or roughly 1,580 crore, through private or public markets to support its growth objectives.
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