Nippon in tow, Future Supply eyes Rs 10,000-crore top line in 5 years

Alliance to give access to key Japanese clients and technical expertise

Future Supply, the logistics arm of Future group, proposes to take its turnover to Rs 10,000 crore in the next five years, riding on its partnership with Nippon Express. On Tuesday, the Competition Commission of India (CCI) approved the latter’s Rs 641-crore investment in Future Supply, giving the Japanese major a 22 per cent stake and board seat.

Kishore Biyani, founder and chief executive officer, Future group, said the collaboration with Nippon allowed Future Supply to become a key player in third-party logistics. “Logistics is an area we’d like to grow because it is not only synergistic with our own operations