Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 20 2017

​Apollo logistics firm looks at fundraising for expansion plans

Raaja Kanwar, Vice-Chairman and Managing Director, Apollo International, said, "Growth in logistics-related business lines and improving IT systems within the company are a top priority."

Integrated logistics solutions provider Apollo LogiSolutions would complete its $120-million dollar fund raising plan to partly finance expansion in the domestic market.

It is also likely to unveil plans to launch an initial public offer by the end of the month.

Besides expanding warehousing space in India and overseas, the company, which is a 90 per cent subsidiary of Apollo International, part of the Onkar Kanwar-promoted Apollo group, would utilise funds for acquisition of one logistics company each in the local as well as international market.

Raaja Kanwar, Vice-Chairman and Managing Director, Apollo International, said, "Growth in logistics-related business lines and improving IT systems within the company are a top priority."

Some funds will be invested to improve liquid logistics business, he added.

Comment
Related opportunities
  • Quick Service Restaurants
    About Us: Being dessert lovers and passionate foodies, the trio decided..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Gyms and Fitness Centres
    About Us: VIVAFIT concept is to provide health and well-being in a..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Beauty Salons
    About Us: Hair Speak is an international-grade spa & salon brand..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Bakery & Confectionary
    About Us:  In 2015, started by Mr. Manu Ranganathan with a..
    Locations looking for expansion Tamil nadu
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities