Highlights
| Amount invested to 30 September 2011 |
£9.2m |
| Ownership stake at 30 September 2011 |
88% |
| Sector |
Warehousing & Third Party Logistics |
| Location |
Delhi region, North India |
| Progress to date |
Operational & revenue generating |
Summary
MJ Logistic Services Limited (MJL) operates a Third Party Logistics (3PL) warehousing and distribution business in Northern India. The business is centred on a brand new state-of-the-art warehouse at Palwal on the Delhi-Agra highway, which opened for business in October 2009.
This first 200,000 sq ft facility is operating at near capacity with a list of top brand customers, and a second is now planned.
In addition to ambient and temperature controlled storage, MJL provides value added features such as computer operated inventory, rack shelving, and automated packaging. Customers include Tata Motors, Unilever, Danisco, McCain and Walmart.
MJL reported a positive EBITDA (earnings before interest, tax, depreciation and amortisation) in the year ending 31 March 2011, its first since operations began at Palwal in 2009.