TranSmart India to set-up 10 more warehouses this year

Tushar Jani-promoted TranSmart India Pvt Ltd plans to set up 10 more world-class warehouses this year, a top company official said.

Tushar Jani-promoted TranSmart India Pvt Ltd plans to set up 10 more world-class warehouses this year, a top company official said.

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"We will set up 10 more top-end warehouses this year," TranSmart India Pvt Ltd and SCA group of companies Chairman, Tushar Jani, said on the sidelines of a seminar here.

"We have top-end warehouses in six locations. Our aim is to take the total number to 37 by the end of the third year," Jani said.

"All our warehouses will be completely managed through management information system enabled with wi-fi and barcodes, with an average size of around one lakh cubic feet. People can check from home where their material lies. We have reduced the turnaround time of a truck to just 45 minutes," he said.

The company will invest Rs 1,500 crore for all the 37 warehouses. Sixty per cent of the debt will be raised from IDFC, he said.