NDR Warehousing has announced plans to invest more than Rs 2,000 crore to develop its portfolio of warehousing and industrial parks in the next two years. The infrastructure assets will be spread over 20 million square feet. The company is supported by Investcorp, a global investment manager and is open to inorganic growth through acquisitions and joint ventures to expand its portfolio. The company is keen to expand its presence in Pune and NCR region.
The company is already in discussions with various parties to acquire both land for greenfield development and operational warehouses, said Krishnan S Iyer, executive director at NDR Group. “We are looking forward to clocking revenue growth of about Rs 250-260 crore in FY23 and emerging as the second largest warehousing player in the country,” Iyer said.
According to him, the company is poised to grow at a compounded annual growth rate (CAGR) of 19-20% in the backdrop of the growth opportunities in warehousing space in the country.
NDR Warehousing holds 150 acres of land in Mumbai, Chennai, NCR and Bengaluru. It has 12 million sq ft operational assets comprising 18 logistics parks spread across over eight cities including Chennai, Mumbai, NCR, Bengaluru, Coimbatore, and Kolkata. Apart from peripheral locations of captive tier I cities, the company is also considering tier II cities following the response to its largest warehousing facility at Coimbatore. In the immediate future, the company has Guwahati and Lucknow on its radar.
