We have partnered with IVC Logistics Limited (IVC) in 2×2 Logistics Private Limited. A 55% subsidiary of the Company, provides logistics and transportation services to original equipment manufacturers (“OEMs”) to carry finished automobiles from the manufacturing/assembly locations to stockyards or directly to the distributors through specially designed vehicles. It owns and operates over 150 vehicle carriers and has Mahindra Logistics as its primary customer.
LORDS is a 99.05% subsidiary of the Company, established in 2011, offers world-class capabilities in providing end-to-end cross-border services which include arranging for freight movement through ocean and air, customs clearance, transportation to transit warehouses, and mother warehouses.
Present across nine prominent cities in India, 50+ trade lanes globally, and 100+ network partners, LORDS is expanding its reach in Southeast Asia, Taiwan, South Korea, China, and Western Europe, with trade lanes in the US and Africa in the pipeline.
Transtech Logistics (ShipX), a technology start-up, launched in 2008, is a Software as a Service (SaaS) based Transport Management Solution (TMS) platform that serves the supply chain automation needs for 3PLs, shippers, and transporters. ShipX’s provides solutions that ensure better visibility and control of operations across the network of transportation businesses, including their branches, franchise locations, and customer branches. The Company holds a stake of 39.79% in Transtech Logistics.