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Stellar Value Chain Solutions plans to assemble auto parts

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MUMBAI: Warburg Pincus-backed Stellar Value Chain Solutions aims to assemble components for ancillary companies in the automotive space as it looks to offer more services in India’s growing logistics industry, its newly-appointed CEO Sharon Thomas said in a recent interview.“There’s growth potential in services around the render chain. We don’t just want to be adding warehousing space. We also want to be adding value by providing services that aren’t core to a retail or a consumer business, ” said Thomas.This will include setting up of entirely new infrastructure, including an assembly line.Thomas, a global sector veteran with stints in Amazon, DHL and Microsoft and India’s first girl CEO in the logistics sector, said she plans to bring the best practices from her training into her new assignment. She comes at a time when both Stellar and the logistics industry are on the cusp of growth, thanks to growing demand, especially from the ecommerce sector as well as the goods and services tax.Stellar has a total logistics area of 9 million sq feet that cover-ups warehousing area of over 4.5 million square feet across 30 cities. Through its subsidiaries of Innovative Logistics and Kelvin Cold Chain, the company also runs a fleet of over 1,000 trucks in express and temperature-controlled transportation.

Read more: economictimes.indiatimes.com

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