DSV announced that following its merger with UTi, its air freight forwarding volumes in India have increased from 15,300 tonnes to 52,777 tonnes, while its sea volumes are up from 30,000 TEUs to over 68,121 TEUs (2015 figures).
The number of Air & Sea division offices has also increased, from nine to 17. The division now has 930 employees and revenues in excess of $173m.
Sameer Khatri, Regional Director, Indian Subcontinent & Managing Director, India, highlighted the synergies from the merger: “UTi was strong in exports, and DSV is strong in imports. UTi’s business was developed with a focus on local corporate and SME companies whereas DSV received most of its business from its network. Today, we have a robust platform for servicing small, medium-sized and multinational customers alike”.
He also stated: “We are one of the few multinationals that offer in-house customs brokerage in the Indian market, and it gives us a foot in the door of the largest companies – in India as well as globally.”
DSV’s Solutions division in India, which offers contract logistics services, has also apparently been given a “massive boost” by the merger. The division now has over 1,000 employees, operates in 14 locations and has a network of 75,584 sq m of storage and logistics facilities. Revenues in 2015 were $13.4m. Existing and new key accounts include Ford, Legrand, Faurecia, Welspun, Kellogg’s, Oxford and LM Wind.
Hariharan Sivaprakasam, Director, Contract Logistics & Distribution India, stated: “We have repeatedly seen how contracts in India change hands every three or five years due to insufficient focus on service excellence, quality and safety. So we have invested great efforts particularly towards providing this and we aim to be one of the top five in India within a few years to reflect DSV’s global position”.
He also noted that a higher ranking could be achieved through a “well-placed acquisition”.