** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

Stellar Value Chain picks up major stake in Kelvin Cold Chain

Third party supply chain and logistics company, Stellar Value Chain Solutions, serving consumption driven sectors in India, has announced the acquisition of a majority stake in Kelvin Cold Chain (“Kelvin”), a leading integrated cold chain logistics business on 9th January 2017.  Ambit Pragma will retain a minority stake in Kelvin. Stellar Value Chain Solutions, founded by logistics industry pioneer Anshuman Singh, is a company focused on creating value for its customers across the entire Value Chain covering both Supply as well as Demand. The company has an investment of up to USD 125 million from global private equity firm Warburg Pincus. Kelvin Cold Chain is a portfolio company of Ambit Pragma, a SME private equity fund.

Commenting on the deal, Anshuman Singh, Founder, Managing Director and CEO of Stellar Value Chain said“The investment into Kelvin augurs well for our mission of bringing about a value chain transformation for consumer businesses in India. Kelvin is a well governed and mid-sized cold chain business which complements well with our pan India Contract Logistics and Transportation play. We will significantly augment Kelvin’s management, implement new technology tools and raise the quality of product handling in the months ahead thereby unlocking significant value for customers. Following this investment, Stellar will seek to make further acquisitions in the third party logistics sector in India.”

Commenting further, Rajeev Agarwal, Ambit Pragma’s Managing Partner, said, “Anshuman’s understanding of the cold chain opportunity and his vision for the business compliments Kelvin’s growth strategy. We are delighted with this partnership and look forward to Anshuman’s leadership as Kelvin expands it’s footprint in cold chain logistics.”

Stellar Value Chain Solutions is a Value Chain Transformation Company that endeavours to change not just supply chain management, but the whole value chain ecosystem in India and unlock value for businesses. Stellar is building a pan India network of 25 integrated logistics parks across 21 consumption & production centres. These logistics parks will offer multi-user modern dry warehousing, multi-user e-commerce fulfilment, multi-user cold storage (frozen and chilled), apart from distribution, express transportation, in city transportation and many more customisable value-added services. The entire network will be supported by the use of latest automation, technology, processes and global expertise which will create a major differentiating factor. Stellar will also provide services such as GST network design, technology implementation, process improvement, freight forwarding, full truckload transportation, last mile delivery, CFS, custom clearance, multimodal transport.  

Kelvin Cold Chain is a ‘leading’ cold chain business that offers integrated logistics solutions, including city distribution and warehousing. Kelvin is a ‘preferred’ supplier to several marquee brands across food service, processed foods and pharmaceuticals across the country.

Ambit Pragma is a SME private equity fund focused on investing in Logistics, Healthcare, Media and Consumer Sectors. The firm supports their portfolio companies strategically and operationally. 

Copyright © 2017 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us