Key Takeaways
- Driver Logistics will invest Rs 525 crore to expand its Karnataka hub and double its warehouse count.
- The company plans to create over 150 jobs, targeting recent graduates in the region.
- Services include Warehousing, Full Truckload and Partial Truckload to support South India logistics.
Bengaluru: Driver Logistics, a rapidly growing logistics service provider, unveiled its multi-client warehouse and partial truckload operations in Karnataka on Monday.
The company’ CEO Aqil Ashique declared the company’s strategic vision to position Karnataka as its gateway hub connecting South India to the rest of the nation.
Over the next year, the company plans to hire more than 150 individuals for its Karnataka operations, with a focus on engaging young graduates.
The company is set to expand its footprint across Karnataka, offering Warehousing, Full Truckload (FTL), and Partial Truckload (PTL) services to clients in key town, Ashique saids.
With a bold investment plan totaling Rs 525 crore over the next 5 years, Driver Logistics aims to revolutionise the logistics sector, he said.
The infusion of funds will drive technological advancements, benefiting shippers, logistics service providers, and the local job market, Ashique said.
Established in 2019, the company has achieved an impressive growth rate of over 30 per cent annually, expanding its presence to seven states.
As part of its expansion strategy, the company plans to increase its warehouse count from 53 to over 100 in the next 18 months.
Karnataka is positioned as a pivotal hub for the company, facilitating the consolidation of operations in Kerala, Tamil Nadu, Telangana, and Andhra Pradesh.
Ashique emphasised the company’s resilient and efficient business model, highlighting its substantial growth without external funding.
He expressed optimism about the central government’s initiatives like Gati Shakti, anticipating exponential growth in the logistics sector and a significant boost for companies in the 3PL sector.
Beyond national expansion, the company eyes the growing trade between India and South East Asian countries as a catalyst for increased demand in professional logistics services.
In line with this vision, the company is exploring expansion into South East Asia, commencing with operations in Thailand.
