Integrated logistics solutions provider, V-Trans India on Wednesday (February 07) announced its Vision 2026 plan designed to position the company for sustainable long-term value creation, with targeting a turnover of Rs 3000 cr in revenue, double of what it is expecting to generate by the end of the current fiscal.
“Vision 2026 plan will aggressively pivot V-Trans India for improved profitability and the company is prioritising investments in areas of the business it has identified as growth drivers over time,” Rajiv Bhattacharya, VP– Strategy and Projects, V-Trans India said while revealing on the developments.
Vision 2026 includes the following high-growth mandates and strategies: 1) expansion of branches, warehouses and distribution infrastructure in the North India region; 2) rightsizing growth in surface transport while capitalising on the dominant full truckload (FTL) market and expanding multimodal logistics operations which will include a mix of air and road; 3) deep tech integration into processes, alongside customised solutions for specific requirements of clients, providing them with better control, efficiency, and real-time visibility, and 4) reduction of CO2 footprint by utilising optimisation tools and methods, and contributing towards green logistics.
V-Trans India affirmed that as it accelerates its efforts to become increasingly purpose-driven, it also continues to invest in people and empower them in an ever-evolving business landscape. By continuously driving holistic advancements as well as employee well-being, it aims to deliver transformative solutions in the times to come.
“At V-Trans, our vision goes beyond logistics; it encompasses building a future where growth is sustainable, technology is transformative, and our ecosystem flourishes,” said Mahendra Shah, Chairman and Managing Director, V-Trans (India).
“The Rs 3000 crore turnover target by 2026 reflects not just our ambition but also our commitment to a responsible and impactful journey,” he said and added, “I am proud of the team’s dedication, and I assure our customers, partners, and stakeholders that V-Trans will continue to be at the forefront of positive change in the logistics industry. Together, we are not just moving goods; we are propelling growth, fostering innovation, and building a future that transcends expectations.”
Relentless focus to stay ahead of the competition
With 30% of overall revenue coming from North India, V-Trans India’s strategic focus is to further expand its operations, increase efficiency and credibility of its services, thus elevating the experience of its consumer base. The company is moving to new transhipment facilities in Ghaziabad (Uttar Pradesh) and Zirakpur (Punjab) apart from its existing and already operational hubs in Dharuhera and Raliawas in Rewari district of Haryana. The company is also set to open up new branches in II, III and IV tier cities across eastern and western UP, Punjab, Himachal Pradesh and Uttarakhand.
Building and growing its presence over the years, V-Trans is planning to expand its contract logistics operations in the Northern region under the V-Logis brand — its wholly-owned warehousing and 3PL subsidiary. V-Logis warehouses are Grade A facilities and equipped with advanced features, ensuring top-notch quality and reliability. Its dedicated chemical warehouses, such as Chem Store, boasts cutting-edge installations and meticulous safety provisions.
With a strong presence in multiple cities across India, complemented by a network of 1200+ branches, 52+ warehouse and transhipment hubs, and 1500+ vehicle trucks, over and above the strength of owned and attached fleet, V-Trans India is in a motivated position and will explore opportunities to increase its multimodal logistics services and leverage the existing and growing infrastructure developments in the country. The company will always prioritise growth in its core competence area — road transport, providing Partial Truckload (PTL), Full Truckload (FTL), and Over-dimensional Cargo (ODC) services, however, to provide the desired flexibility to clients, tailoring their transportation needs based on time or cost efficiency, V-Trans India will take advantage of integrating certain modes like air, thereby reducing reliance on one mode and achieving economies of scale.
To capitalise on the ~US$120 billion FTL market, considering the huge increase in demand for this method of transportation, V-Trans India intends to capture a more significant share by enhancing its presence in this lucrative segment. V-Trans has years of experience and expertise in the FTL segment and as a Group, it will continue to offer operational excellence alongside offering unmatched PTL services and express cargo distribution.
V-Trans India’s relentless focus on innovation and technology has propelled the company to stay ahead of the competition. The other outcome is enhanced flexibility which has generated a climate of innovation, allowing the company to stay relevant in a volatile market. Logistics solutions offered by the company have revolutionised operations by ensuring transparency and offering the required visibility. The company’s clients have reported increased efficiency, reduced costs, improved customer satisfaction, and enhanced decision-making capabilities. Most recently, the company invested in a new ERP system, ensuring advanced functionalities, as well as API integrations with government portals, customers, and vendors for seamless information flow, following the launch of the revolutionary Unified Logistic Interface Platform (ULIP) platform. Innovex — its Control Command Centre or Logistics Control Tower is in the early stages of development and once launched, it will bolster the company’s end-to-end logistics model and enable ground-breaking innovations. Besides, building on its commitment to transparency and compliance, the entire V-Trans Group is moving its financial system to a standard global platform to bring in more efficiency in the entire process from procure to pay. Additionally, maximum vehicle utilisation and planning of optimal schedules which includes optimisation of routes and networks is being looked into and sufficiently explored through the use of IoT-powered GPS tracking and telematics solutions.
With sustainability and corporate social responsibility (CSR) becoming mainstays of business activities, V-Trans India’s commitment to incorporating environmental, social, and governance (ESG) factors into its operations through initiatives like green tree plantation, rural life upliftment, and energy conservation is steadily increasing. The company is further working towards harnessing the power of the sun and determined towards adding less polluting vehicles to its fleet. It has already installed solar panels in all its large hubs, substantially reducing electricity consumption levels. The company has also become the owners of the first CNG truck produced by Ashok Leyland. At present, the logistics service provider is keenly monitoring the Electric Vehicle (EV) segment and is soon expected to make the move towards adopting sustainable automobile solutions as this will lessen oil dependability, improve financial efficiency, and protect the environment.