Varuna Group to construct 30 warehouses over five years

GURUGRAM : Varuna Group, a Gurugram-based third-party logistics warehousing firm, wants to invest around Rs 500 crore to set up 30 ‘Grade A+’ warehousing facilities across the country in the next five years, according to its its founder and MD Vivek Juneja. The company, which completed 25 years of operations in May this year, has at present 25 ‘Grade A+’ facilities across 28 locations in India, with 1.2 million sqft of warehousing space. It has presence at over 900 locations, including its offices, warehouses and loading-unloading points.

While the company has its multi-user facilities spread across over 5 lakh sqft space with the largest one at Rajpura (Punjab), the rest is used for dedicated storage solutions and value-added services like labelling, reverse logistics and refurbishing, via pay-per-use model. These facilities can handle loading and unloading of around 500 trucks per day.

An early adopter of technology in the domestic logistics space, including the use of GPS devices for vehicle tracking, the company is also looking to add 300 trucks every year from the next fiscal in its current fleet of over 1,800 trucks.

The company is looking at the hybrid model wherein both the developer and the company will invest. Varuna Group will invest around Rs 15 crore in each facility while the rest around Rs 35 crore per facility will come from the developers. 

In all, the company will invest around Rs 500 crore in setting up these 30 warehousing units, he said.

The Varuna group caters mainly to segments such as tyres, in which the company provides an end-to-end service, fast-moving consumer goods, pharma, lubes, food and beverage and other industrial products, among others.

Source : Construction Week Online