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Stellar Value Chain Solutions Flomic plans to touch
launches in 7 new cities across India ₹500 cr revenue;

tellar Value Chain Solutions, Anshuman Singh, chairman actively scouting,
Sthe 3PL, warehouse and & managing director, Stellar retaining talent
distribution service provider, has Value Chain Solutions, said,
set up operations in five new cities "The consumption story in India
namely Surat, Nagpur, Indore, remains strong. The three sectors
Raipur, and Patna. of our focus namely e-commerce,
The new BTS warehouses will Consumer and Automotive are
bring the footprint to 14 million sq. showing robust growth. Stellar
ft. of warehousing space. They were is continuously building Grade A
set up to meet the rise in demand plus Warehousing and Logistics
of the festive season sales in tier infrastructure in its pre-defined
2 cities. This is in line with the 21 cities of production and
company's vision to create best-in- consumption to enable corporates
class warehouse infrastructure of to expand and grow with speed and
50 million sq. ft. across India and agility with better service levels and
transportation (50,000 trucks). lower costs."

lomic is on an expansion spree
Fand expects its revenue to
increase by 33 percent touching
₹500 crore by FY 23-24.
The firm has implemented a
multi-pronged strategy to drive
growth. The 33-year-old BSE
Listed company after establishing
a network of offices offering freight
forwarding and custom clearance
Snowman Q2 revenue up 55% services all over India, has now
established a strong network
of warehouses with a capacity
nowman Logistics reported a 55 business at Rs 23 crore. E-commerce touching one million sq. ft.
Spercent increase in revenue from business logged 42 percent increase in Lancy Barboza, managing
operations at Rs 108.62 crore for the revenue at Rs 4 crore. director, of Flomic Global
second quarter ended September 30, Healthcare and pharma segment Logistics, said, "We have firmly
2022, as against Rs 70 crore in Q22022 revenue dropped 19 percent to Rs 5 crore. established Flomic as a strong
on nearly doubling of revenue (up 181 While EBITDA increased 27 percent to logistics player and now plan
percent) to Rs 37 crore from the dairy Rs 24 crore from Rs 19 crore, net profit to focus on top customers and
& ice cream segment and 79 percent increased to Rs 2.67 crore from Rs 0.47 corporates and implement
increase in revenue from quick service crore in the corresponding quarter of the strategies that will enable it in
restaurant (QSR) and ready to cook (RTC) previous year, says an official release. deep selling and cross-selling."
Flomic plans to strengthen
its presence in tier II and tier III
towns and is actively scouting
for talent. In a bid to retain talent
and make them a partner in its
growth journey, the company is
formulating an ESOP policy and is
actively adopting best practices to
retain talent, he added.

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