Mahindra Logistics completes acquisition of Revigo Services; Appointed S Venkateswaran as CEO. | Tech US News


Mahindra Logistics Limited (MLL) on Friday said it has completed the acquisition of Revigo Services and appointed Sriram Venkateswaran as its Chief Executive Officer. MLL, through its subsidiary MLL Express Services, ceased transactions effective November 10, the company said in a statement. The company had announced the acquisition of Rivigo’s B2B Express business in September this year, saying the deal would help it accelerate its capabilities in this space.

Venkateswaran, currently senior vice president of sales, marketing and communications at MLL, will be the CEO, while Sunil Singh will be the chief operating officer (COO), the company said. According to the statement, Singh has held several operations and business leadership roles, most recently as COO of Express Business at Revigo Services. Swati Rane, who has over two decades of finance leadership at the Mahindra Group across multiple functional areas, will join the leadership team as Chief Financial Officer (CFO), MLL said.

Rampraveen Swaminathan, MD & CEO, Mahindra Logistics Limited, said the company has a long-term vision to grow its B2B express logistics business in India and the combined strengths of the businesses will enable it to create long-term value for customers. Increases capacity. Gurgaon-based Rivigo, now a brand of MLL Express Services, operates a pan-India B2B express network with a strong client base and a full-service technology suite. Its express network currently covers over 19,000 pin codes through more than 250 processing centers and branches across the country, covering over 1.5 million square feet. , cross-border logistics, last mile and B2B express logistics services. It said the integration of Rivigo’s network, technology and process capabilities will strengthen MLL’s existing B2B express business.

(This story has not been edited by DavidDiscourse staff and is generated automatically from a syndicated feed.)


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