Maruti Courier to open four overseas offices

Maruti Courier Service Privet Limited has firmed up its plans to open its offices in four countries. In addition to this, the company is also considering initial public offer (IPO).

Currently, the company has tied-up other courier companies to carry out its overseas operations. Now, it wants to operate through its own dedicated offices. “Maruti Courier has a wide network of offices in India, while we have tied-up with some of the courier services providers for international operations. We now plan to open our own offices in London, USA, Dubai and Singapore within a year, for which around Rs 40 crore would be required," said Rambhai Mokaria, chairman and managing director, Maruti Courier.

 

"We aim to increase our turnover by 50 percent in current financial year. At present, the turnover is around Rs 100-120 crore," he added. The company, which is celebrating its silver jubilee this year, is the first Gujarat-based courier company. It has its network in 23 states in India with workforce of 5000 direct and indirect employee.