RSA Global acquires majority stake in Meesan Logistics
April 11, 2018: In a strategic move to expand its footprint in India, UAE-based third-party logistics provider RSA Global, recently acquired Mumbai-based Meesan Logistics.
RSA Global has acquired a majority stake in Meesan Logistics, by which both companies will develop their joint expansion plans in the Indian market. It includes contract logistics, freight, road transportation, and on-site logistics.
The move is expected to offer customers of RSA Global to gain greater access to key markets across India.
It’s RSA Global’s first major step in its global expansion by collaborating with an established Indian third-party logistics company, with whom it will offer services across India.
This collaboration will offer long-term growth for customers of both companies’ in the Indian market, by combining local expertise and innovation from Meesan, along with a wealth of skilled labour, capital, rich experience in supply chain operations, and first-rate technology offered by RSA Global.
India has recently introduced the Goods and Services Tax (GST), which is expected to simplify the distribution network, and create a business environment that will allow smaller warehouses to merge into centralised regional hubs.
Further, new unified tax regulations will foster a favourable climate for high-scale results, from process optimisation, to support the Indian market’s moves towards advanced third-party logistics services.
Abhishek Ajay Shah, co-founder and group CEO, RSA Global said: “This new partnership is a milestone development for RSA Global, as we merge our experience, valuable human capital and technology with Meesan Logistics’ reputable position in the Indian market. Meesan Logistics shares our vision when it comes to technology, quality, health & safety, agile decision-making, and our hunger for growth. As of today, this strategic partnership now provides services in eight Indian cities and will offer global reach to our Indian customers. Additionally, our Middle East and African customers will have more seamless exposure to the Indian market. India is a key location for RSA Global, as it serves as a hub between Asia and the Middle East, and it plays a vital role in global logistics. As India’s regulatory framework is rapidly changing, supply chain infrastructure is undergoing a transformation, and we are proud that our technological innovation, and skilled workforce can support this important evolution.”
Gaurav Saluja, CEO, Meesan Logistics India said: “We are excited to be partnering with RSA Global to take our company to the next level to offering the most efficient and innovative logistics solutions to our clients. RSA Global embodies our core values, which is focused on maintaining the highest standards of customer service and loyalty, performance development and environmental sustainability, as well as aligning with our vision for global expansion. We are confident that our alliance with RSA Global will support operations and growth of our customers through bespoke and scalable solutions that will serve the breadth of India, and beyond.”
The first step of the implementation of the strategic partnership will involve an upgrade in technology, health, safety, security and quality (HSSEQ) standards.