ET Bureau MUMBAI: Global private equity fund Warburg Pincus has backed former Future Group top executive Anshuman Singh by investing $125 million in the new logistics and supply chain platform- Stellar Value Chain Solutions.
Anshuman Singh, has previously set up and led Future Group’s Future Supply Chain Solutions.
With his new venture Stellar, Singh is looking to serve a large and growing logistics market in India. The company intends to provide integrated logistics solutions that will include multi-user modern warehousing, primary and secondary distribution, e-fulfilment and cold storage. The company intends to target customers in the Food & Beverages, Fast Moving Consumer Goods, Consumer Durables, Electronics & Hi-tech, Lifestyle, Automotive, Pharmaceuticals and Engineering industries.
"This is a very exciting stage for the $130 billion Indian logistics and warehousing industry, which is rapidly transforming and growing whilst also offering a number of consolidation opportunities. Over the next few years, we are looking to provide integrated logistics solutions which will include modern distribution centres and warehousing facilities at strategic locations across India," said Anshuman Singh, Founder and CEO, Stellar Value Chain Solutions.
With more than 20 years of experience, Singh has built many businesses in the past. Prior to setting up FSCS, he was Chief Executive Officer of Welspun India’s domestic business from 2004 to 2006 during which time he developed a pan India Home Furnishings Specialty Retail Chain in India. In prior roles, he has been an integral part of the senior management of some of India’s leading Manufacturing, Textile and Retail companies.
"Our solutions will help customers realign their supply chain networks and unlock value, especially following the implementation of GST."
"We believe there is a shortage of high quality providers of outsourced logistics services such as warehouse management and distribution to a wide range of sectors in India. Anshuman brings deep domain expertise and a strong track-record of execution and value creation in this industry," said Viraj Sawhney, Managing Director at Warburg Pincus.
"We will also seek to drive further consolidation of the third party logistics sector in India through this platform."
Anshuman Singh, has previously set up and led Future Group’s Future Supply Chain Solutions.
With his new venture Stellar, Singh is looking to serve a large and growing logistics market in India. The company intends to provide integrated logistics solutions that will include multi-user modern warehousing, primary and secondary distribution, e-fulfilment and cold storage. The company intends to target customers in the Food & Beverages, Fast Moving Consumer Goods, Consumer Durables, Electronics & Hi-tech, Lifestyle, Automotive, Pharmaceuticals and Engineering industries.
"This is a very exciting stage for the $130 billion Indian logistics and warehousing industry, which is rapidly transforming and growing whilst also offering a number of consolidation opportunities. Over the next few years, we are looking to provide integrated logistics solutions which will include modern distribution centres and warehousing facilities at strategic locations across India," said Anshuman Singh, Founder and CEO, Stellar Value Chain Solutions.
With more than 20 years of experience, Singh has built many businesses in the past. Prior to setting up FSCS, he was Chief Executive Officer of Welspun India’s domestic business from 2004 to 2006 during which time he developed a pan India Home Furnishings Specialty Retail Chain in India. In prior roles, he has been an integral part of the senior management of some of India’s leading Manufacturing, Textile and Retail companies.
"Our solutions will help customers realign their supply chain networks and unlock value, especially following the implementation of GST."
"We believe there is a shortage of high quality providers of outsourced logistics services such as warehouse management and distribution to a wide range of sectors in India. Anshuman brings deep domain expertise and a strong track-record of execution and value creation in this industry," said Viraj Sawhney, Managing Director at Warburg Pincus.
"We will also seek to drive further consolidation of the third party logistics sector in India through this platform."
Get Unlimited Access to The Economic Times
