Fairfax owned Saurashtra Freight, which operates the largest Container Freight Station (CFS) in Mundra has chalked out a new growth strategy for expansion. The company reportedly has drawn a war chest of INR 50 million to INR 1,000 million for strategic acquisitions in companies in the field of logistics, warehousing, transportation and other allied services. The company has drawn a three year growth strategy which entails investment of up to INR 3500 million.
Raghav Agarwalla, Managing Director, Saurashtra Freight commented, “ We at Saurashtra Freight are very optimistic of the logistics sector in India and the untapped growth potential. Being a well-capitalized, debt-free balance sheet along with Fairfax’s backing gives us the edge to consistently invest in sustainable and free cash flow generating businesses. We are one of the few organizations who bring patient capital to the logistics industry.”