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LEAP looks forward to acquiring Rs 100 Crore in two months

LEAP plans to raise funds of Rs 100 crore in two months to expand its geographical reach.
BY BEx Bureau
BusinessEx
Jul 01, 2017

LEAP India, a supply chain management solutions providing company is set out collect a sum of Rs. 100 crores in order to scale up their business while growing and setting up operations in more geographical locations.

The current capacity of the company is to supply over a million wooden pallets. The raw material is imported from Russia for the same. Additionally the company supplies about 20,000 containers on rental basis at a cost of Rs. 1.20-1.60 daily to more than 200 FMCG and automobile companies.

The company aims at reaching Rs. 100 crores this year increase from Rs. 37 crores last year given the increased demand and newer investment in the company. The company has 14 production units and 22 warehouses around the country to manage the huge inventory of over one lakh pallets.

With the growing labour cost and corporate push to improve efficiency has increased demand for pallets across sectors to move their finished goods from factory to warehouse and then to dealers, said Sunu Mathew, Managing Director, LEAP India.

Loscam, the Chinese pallet manufacturing company owned by Merchant Group worth $38 billion, is ready to enter India, looking at the increased demand and growth prospect in the particular industry.

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