Mahindra’s Revigo acquisition closes, Sriram Venkateswaran appointed CEO of MESPL | Tech US News

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Mahindra Logistics Limited (MLL), one of India’s leading integrated logistics and mobility solutions providers, has acquired Rivigo Services Pvt. Completed the acquisition of B2B express business. Ltd. (RSPL). MLL last week through its subsidiary MLL Express Services Pvt. Ltd. (MESPL). According to the BSE filing, the B2B business was acquired for Rs 225 crore.

With Rivigo’s acquired B2B express delivery business, Mahindra aims to leverage Rivigo’s existing network to bolster its own third-party logistics (3PL) services. Rivigo’s technology and process capabilities will help Mahindra Logistics streamline its own network and customer service.

Also read: The BIG Buy: Mahindra Logistics is set to acquire Rivigo’s B2B express business.

Post a change of leadership again, Sriram Venkateswaranwho is currently Senior VP Sales, Marketing and Communications at Mahindra Logistics, will head MESPL as Chief Executive Officer (CEO). Sunil Singh has been appointed as Chief Operating Officer (COO) and Swati Rane The leadership team will include the Chief Financial Officer (CFO). Sunil was the COO of Express Business at Revigo Services Pvt Ltd, and Swati brings with him over 2 decades of financial leadership across multiple functional areas across the Mahindra Group.

“We are excited about our long-term vision to grow our B2B express logistics business in India and the combined strengths of the businesses enhance our ability to create long-term value for our customers. We have great confidence in the leadership team. And believe they will provide the right impetus for growth.”

Rampraveen Swaminathan, MD & CEO, Mahindra Logistics Limited

Mahindra Logistics focuses on offering supply chain solutions to customers by integrating its 3PL, FTL transportation, warehousing, cross border logistics, last mile and B2B express logistics services. Rivigo, on the other hand, comes with a pan-India B2B express network, a strong client base and a full-service technology suite of capabilities. Rivigo’s B2B express network currently covers over 19,000 pin codes across the country, adding to Mahindra Logistics’ existing reach.

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