BIC Logistics Ventures is in the transportation business since 1947. Started in Delhi, the company founder, Swaran Singh Bhandari’s hardwork, commitment and customer goodwill literally took him to places. His son, Mr. Naveen Pal Singh Bhandari, joined the family business in 1977. With his innovative approach, he came to the South and established the company’s first branch in Bangalore in the same year. In 1981, the company reached the shores of Chennai when Mr. NS Sankar, a professional, joined the group. Thereafter, there was no looking back.
BIC Logistics has by now grown by leaps and bounds and has become the preferred logistics partner of big brands like Ashok Leyland, TI Group, TVS Group, Rane, Simpsons, Maruti Udyog, Tata Motors, Kone Elevators and others. Currently, it has big national presence with 47 branches. With more than 110 trucks and 750 employees, it has a turnover of Rs. 120 crores.
The company is now headed by Mr. Naveen Pal Singh Bhandari, Chairman, Mr. Chandandeep Bhandari, Vice Chairman, and Mr. NS Sankar, Managing Director.
The joint venture between BIC Logistics Ventures and Toll Global Logistics, Australia, is the next step for the company to become a multinational, making its presence felt internationally. The equity ratio between the partners is 60:40.
The joint venture was launched in Chennai on June 1 in the presence of senior officials of the corporate sector whom BIC Logistics has been serving for the past two decades. Mr. Naveen Pal Singh Bhandari and Mr. Leith Wayne Hunt, President & CEO of Toll Global Logistics, addressed the customer and press meets held on the occasion.
This joint venture marks the commencement of further investment from both the partners for establishing multi-modal transport services, warehousing and other related logistics services, including transportation, under one umbrella. While Toll Global Logistics will supply BIC Logistics Ventures its technology in software, the latter will offer its expertise in the management of trucks under Indian conditions.
BIC Logistics has by now grown by leaps and bounds and has become the preferred logistics partner of big brands like Ashok Leyland, TI Group, TVS Group, Rane, Simpsons, Maruti Udyog, Tata Motors, Kone Elevators and others. Currently, it has big national presence with 47 branches. With more than 110 trucks and 750 employees, it has a turnover of Rs. 120 crores.
The company is now headed by Mr. Naveen Pal Singh Bhandari, Chairman, Mr. Chandandeep Bhandari, Vice Chairman, and Mr. NS Sankar, Managing Director.
The joint venture between BIC Logistics Ventures and Toll Global Logistics, Australia, is the next step for the company to become a multinational, making its presence felt internationally. The equity ratio between the partners is 60:40.
The joint venture was launched in Chennai on June 1 in the presence of senior officials of the corporate sector whom BIC Logistics has been serving for the past two decades. Mr. Naveen Pal Singh Bhandari and Mr. Leith Wayne Hunt, President & CEO of Toll Global Logistics, addressed the customer and press meets held on the occasion.
This joint venture marks the commencement of further investment from both the partners for establishing multi-modal transport services, warehousing and other related logistics services, including transportation, under one umbrella. While Toll Global Logistics will supply BIC Logistics Ventures its technology in software, the latter will offer its expertise in the management of trucks under Indian conditions.
This JV will facilitate expansion not only in the domestic but also international cargo movement, innovative packing methods using trays, pallets and recyclable cartons at a competitive rate, modern warehousing facility with latest material handling equipment, expansion from the existing cargo movement through passenger trains to Delhi and various other metro cities and industrial towns, and introduction of special LCVs from point to point for speedy and safe movement of materials.
