Future Supply Chain signs multi-year deal with Benetton India

Published on  Jun 07, 2019
By Money Control

Future Supply Chain Solutions Limited (BSE: 540798, NSE: FSC), India’s leading third-party supply chain solutions specialist and logistics service provider, signed a multi-year agreement with Benetton India Private Limited (Benetton India) to provide Contract and Express Logistics services. As per the agreement, FSC will manage Benetton India’s supply chain requirements from a large built-to-suit, multi-customer distribution centre in North India. This will cater to its pan India requirements, including reverse logistics. This is in addition to the Express Logistics services that FSC has been offering to Benetton India for the past few years.

Commenting on the signing of Benetton India as a client, Mr. Mayur Toshniwal, Managing Director, Future Supply Chain said “We are delighted to announce our multi-year partnership with such a reputed global fashion brand as United Colors of Benetton. We have been entrusted to manage their supply chain requirements in India and driven by our extensive experience in the fashion & lifestyle category, we aim to bring several supply chain efficiencies leading to better inventory management and optimum warehouse operations.”

FSC’s non-anchor customer portfolio contributed ~38% of revenues during 9MFY19 and comprises reputed brands and companies such as PepCart Logistics Private Limited (Pepperfry), TTK Prestige Limited, Reckitt Benckiser (India) Private Limited, Jasper Infotech Private Limited (Snapdeal), Kellogg India Private Limited, Mondelez India Foods Private Limited, Wildcraft India Private Limited, Pepe Jeans India Limited and many more. Apart from Benetton India, the Company has signed multiple new contracts including Voltbek Home Appliances Private Limited, Haldirams Products Private Limited, Crompton Greaves Consumer Electricals Limited in the past one year.

Shares of Future Supply Chain Solutions Ltd was last trading in BSE at Rs.578.1 as compared to the previous close of Rs. 586.75. The total number of shares traded during the day was 609 in over 48 trades.

The stock hit an intraday high of Rs. 591.75 and intraday low of 571.15. The net turnover during the day was Rs. 352678.

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