Mahindra Logistics announces completion of 'Rivigo' acquisition

 

Mumbai: “Mahindra Logistics Ltd.” (MLL), one of India’s integrated logistics & mobility solutions providers, today completed the acquisition of the B2B express business of “Rivigo Services Pvt. Ltd.” (RSPL). MLL, through its subsidiary ‘MLL Express Services Pvt. Ltd.’ (MESPL) closed the transaction with effect from 10th November.

One of the top integrated logistics firms in India, ‘MLL’ is focused on offering supply chain solutions to customers by integrating its 3PL, FTL transportation, warehousing, cross-border logistics, last mile, and B2B express logistics services. Integration of Rivigo's network, technology, and process capabilities, will strengthen MLL's existing B2B express business and overall customer value proposition.

Gurgaon-based ‘Rivigo’, now a brand of ‘MLL Express Services Pvt. Ltd.’ (MESPL), comes in with the capabilities of a pan India B2B express network, a robust client base, and a full-service technology suite. Rivigo’s B2B express network currently covers over 19,000 pin codes across the nation adding to Mahindra Logistics’ existing reach. Their 250+ processing centers and branches, spanning an area of more than 1.5 million sq. ft. will add strength to MESPL's operations.

MESPL also announced the following leadership appointments:

Sreeram Venkateswaran, who is currently Sr VP of Sales, Marketing & Communications of Mahindra Logistics will head MESPL as Chief Executive Officer(CEO).

Sunil Singh was appointed as Chief Operating Officer(COO). Sunil has held several operations and business leadership roles, most recently as COO of the Express Business at Rivigo Services Private Ltd.

Swati Rane will join the leadership team as Chief Financial Officer(CFO). Swati joins with over 2 decades of finance leadership in the Mahindra Group, across multiple functional areas.

Speaking on the occasion, Rampraveen Swaminathan, MD & CEO, of Mahindra Logistics Limited said, “We are excited about our long-term vision to grow our B2B express logistics business in India and the combined strengths of the businesses enhance our ability to create long term value for our customers. We have great confidence in the leadership team and believe they will provide the right impetus for growth."