December 13 , 2017
Considering acquisitions to reach Rs 12000 cr by 2020
In an interview with ET Now, Shashi Kiran Shetty, Allcargo Logistics , plans to grow both organically and inorganically in existing businesses and also diversify into more products in the global market by getting into full container load business and air freight products in the future.
You have got an ambitious target of Rs 12,000 crore revenue by 2020, from a turnover of Rs 6500 crore expected this fiscal. How do you aim to achieve that in three years?We, as an organisation, have a global spread and a tremendous focus on India. The markets from where our current contribution primarily comes in are Europe, North America, China and obviously India. The strategy is to grow the business in these markets.
In future, both organically and inorganically, -- in our existing business and also diversify into more products offering in the global market by getting into the full container load business and the air freight products in the future. That is one strategy that would contribute significantly to the top line and bottom line. As I mentioned, we so far have a good track record on acquisitions and integration and we will continue to pursue that going forward as well. So, that is one area.