Spoton grows from ₹180 crores revenue in 2012 to Rs. 1000 Cr run rate in 2020; achieves new milestones amidst the pandemic
Further on a positive growth trajectory, the company is also foraying into service parts logistics in the year 2021.
New Delhi/Bengaluru, 19th January 2021: Spoton Logistics, India’s premier engineering and technology driven company, completed 9 years in the industry this month. Over the past nine years, the company has recorded close to 5-fold growth, from clocking INR 180 Cr. in revenue in 2012 to greater than a 1000 Cr run rate, post covid, in 2020. Started off as a niche surface express logistics company, today Spoton offers an entire gamut of services comprising Express (Air / Surface / Multimodal), 3PL and Service Parts Logistics to over 5,500 customers in India.
A pioneer in technology and engineering adoption, Spoton’s growth is backed by continuous innovation and automation in its 38+ logistics hubs and greater than 350 Service Centres across the country. Spoton Logistics continues to invest in technology & automation such as Last-Mile Delivery Management, Dynamic and interactive Chatbot, and IoT. Besides, it is investing in mechanization to improve human productivity in the operating units including investments in Cross Belt Sorter Conveyor System, BoPT, and Flexible Conveyors. Spoton has also invested in Artificial Intelligence based Video Analytics and Network Management.
In a major milestone, Spoton acquired a majority stake in Raag Technologies and Services Pvt. Ltd. in December 2019. RTS is expected to clock over Rs. 80 crore revenue on an annualised basis this fiscal year and the company has an effective roadmap to becoming a 500 Cr. company in the next 3-4 years. The RTS the leadership team has digitised all aspects of Warehousing and Transportation operations, including implementing TMS (Transport Management System), WMS (Warehouse Management System) and Control Tower.
Commenting on the strong growth of the company, Mr. Abhik Mitra, MD and CEO, Spoton Logistics, said, “We take pride in this journey of 9 significant years establishing Spoton Logistics as one of the most preferred and premier logistics companies in India. We remain humble and totally focused on continuously improving service levels to our customers across all our line of business. Backed by a team of vision-oriented people, who execute to perfection through excellent teamwork and accurately engineered network, and our focus on people, technology, engineering and data, we are committed to achieving greater heights as we head towards completing a decade in the industry.
About Spoton Logistics:
Spoton Logistics, an engineering and technology-driven logistics company is a leader in multimodal express logistics and supply chain solutions, operating across 350+ locations covering 22,000+ pin codes to ensure timely and secure movement of goods. Spoton Logistics started its journey in 2012 when private equity firm India Equity Partners bought the domestic business from TNT India. In 2018, Spoton partnered with a consortium of investors led by Samara Capital and Xponentia Fund Partners to invest in and build out the next stage of Spoton's growth.
Backed by a motivated team of 2000+ enthusiasts, Spoton Logistics is headquartered in Bangalore. Its vast, well-established network and professional resources ensure seamless logistics for companies in an array of industries such as Hi-tech, Automotive, Engineering, Pharmaceutical, Electronics & Electricals, and Lifestyle, Retail & eCommerce.
Early this year, with a view to expand the horizon of its services, Spoton picked up majority stake in 3PL company Raag Technologies and Services Pvt Ltd (RTS). With its demonstrated service excellence for more than 12 years in India, RTS has been pioneering best-in-class logistics solutions for leading manufacturing and distribution companies across the country. RTS continues to operate as a separate entity with a separate balance sheet and management team.
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