V-TRANS Sets Sights High: Propels Growth and Expansion

V-TRANS Sets Sights High: Propels Growth and Expansion

V-TRANS Sets Sights High: Propels Growth and ExpansionNew Delhi, 08th February 2024: V-Trans, a prominent player in the logistics landscape, has unveiled ambitious plans for rapid growth, targeting a turnover of INR 3000 Crore by 2026. The company, known for its leadership position in the industry, has outlined a comprehensive strategy focusing on surface transport and leveraging technology for sustainable profitability. 

Key Highlights of V-Trans’ Growth Plan:

1.Strategic Focus on Core Competence: V-Trans will prioritize growth in its core competence area, surface transport, while also expanding its multimodal logistics operations, including air and road combinations.

2. Full Truckload (FTL) Segment: The company aims to capitalize on the $120 billion FTL market, intending to capture a more significant share by enhancing its presence in this lucrative segment. We are digitizing the process to bring in more efficiency and transparence in the entire process from procure to pay process.

3. Northern India as a Focused Market: With 30% of overall revenue coming from northern India, V-Trans will make substantial investments in expanding branches, warehouses, and infrastructure in this region.

4. Expansion in Northern Region: We are moving to new Transhipment facilities in Ghaziabad and Zirkapur apart from the existing large warehouses in Dharuhara and Raliawas in Haryana, which are already operational. The company plans further expansions by opening new branches in 3 & 4 tier cities eastern UP, western UP, Uttarakhand, and Punjab.2.

5. Technology Integration: Acknowledging the role of technology, V-Trans has invested in a new ERP system, ensuring advanced functionalities, and API integrations with government portals, customers, and vendors for seamless information flow. Also building on its commitment to transparence and compliance it is moving its financial system to Standard Global platform for the entire group.3.

6. Third-Party Logistics Operation: V-Trans is expanding its third-party logistics operation under the V-Logis brand in the northern region, providing employment opportunities and world-class facilities.4.

7. Sustainability Initiatives: The company is actively working on reducing its carbon footprint through optimization tools, efficient truck utilization, proper routing, and driver education. Already implemented Solar Panel installation in all our large hubs substantially reducing our electricity consumptions 

Commenting on this, Mr. Mahendra Shah, Chairman and Managing Director, of V-Trans (India) Ltd said, “At V-Trans, our vision goes beyond logistics; it encompasses building a future where growth is sustainable, technology is transformative, and our ecosystem flourishes. The INR 3000 Crore turnover target by 2026 reflects not just our ambition but also our commitment to a responsible and impactful journey. We are not merely transporting goods; we are creating opportunities, embracing innovation, and contributing to a greener tomorrow.” Further, he added, “I am proud of the team’s dedication, and I assure our customers, partners, and stakeholders that V-Trans will continue to be at the forefront of positive change in the logistics industry. Together, we are not just moving goods; we are propelling growth, fostering innovation, and building a future that transcends expectations.”

Rabindra

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