The supply chain arm of Kishore Biyani led Future Group – Future Supply Chain Solutions – has reported strong revenue growth in fiscal 2018-19. The company registered a hefty 33.8 percent growth in its revenue which shot up to Rs 1,112 crore at the end of March.
In a press statement, the company maintained adding 12 new clients to its contract logistics portfolio during the year. These include a leading tyres brand and a leading lubricant manufacturer during the quarter ended March 31, 2019. Year 2018-19 also saw major addition in its warehousing capacity – rising from 3.08 million sq. ft. to 7.66 million sq. ft.
Commenting on the results and the business outlook, Mayur Toshniwal, Managing Director at FSC said “Aided by new client acquisitions, enhanced warehousing operations and use of automation we have been able to drive long term value for our shareholders. Capitalizing on the market opportunities and our strong financial position, we shall be adding new capacity, implementing newer technologies, such as robotics and increase the use of automation to drive our business intelligence and client satisfaction.”