Investcorp has led a US $55 million investment in NDR Warehousing Private Limited, positioning itself to capitalize on the robust growth of the Indian logistics sector.

Target Company Overview

NDR Warehousing Private Limited, known as NDR, is a leading warehousing platform in India, boasting a diversified asset portfolio that encompasses 18 high-quality logistics parks across more than eight cities. Key locations include major metropolitan areas such as Chennai, Mumbai, the National Capital Region, Bangalore, Coimbatore, and Kolkata. The company is on a trajectory to expand its portfolio significantly, aiming to double its current footprint from 11.6 million square feet and include additional cities like Pune and Goa in its operations. Notably, NDR has maintained a remarkable occupancy rate exceeding 99%, showcasing its resilience even amidst the challenges posed by the Covid-19 pandemic.

Industry Overview in India

The warehousing and logistics sector in India has witnessed substantial growth over the past few years, driven by increasing demand for efficient supply chain solutions. Factors such as the rise of e-commerce, globalization of trade, and enhancements in manufacturing capabilities have significantly influenced this expansion. The country’s strategic geographic location and a growing consumer market strengthen the rationale for investment in this industry.

Moreover, the Indian government's initiatives, including the implementation of the Goods and Services Tax (GST) and the National Logistics Policy, have contributed to the streamlining of logistics opera