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3. MJ Logistic Services Pvt Ltd


Amount invested to 31 March 2016 £11.0m
Ownership stake at 31 March 2016 86%
Sector Warehousing & Third Party Logistics
Location Delhi region, North India
Progress to date Operational & profitable
Fair Value at 31 March 2015 £9.4m



MJ Logistic Services (MJL), a multi-user third party logistics business in North India, posted revenue of INR 441.1m for the financial year ended 31 March 2015, a 16% increase over the previous year in Indian Rupee terms, and generated positive Profit After Tax for the very first time.

MJL operates 800,000 square feet warehousing capacity in North India. Its 200,000 square feet fully automated hub warehouse at Palwal, on the Delhi-Agra Highway, provides both ambient and cold storage warehousing. The major ambient customer is Tata Motors Limited. Cold chain customers include PepsiCo, Subway, DuPont Danisco and Unilever.