Stellar Value Chain Solutions, a tech-enabled 3PL warehouse and distribution solutions provider, has made a significant expansion by adding 1.5 million sq. ft. of warehousing space at Bhiwandi and 0.5 million sq. ft. at Banur, Punjab. With this development, the company has boosted its warehousing capacity by an additional 2 million sq. ft. in May, bringing its total warehousing capacity to 16 million sq. ft. This expansion is strategically aimed at efficiently managing pan India supply chain operations for a prominent consumer durable giant.
In addition to the operational expansion, Stellar Value Chain Solutions has taken over the pan India central distribution centre operations and two regional distribution centres. The company is committed to further growth and expansion, with plans to roll out 5 million sq. ft. of warehousing operations annually. To support this expansion, Stellar is in the process of raising primary capital of up to Rs. 400 crore.
To meet the increasing demand for logistics space, Stellar has also released a new RFQ for 10 million sq. ft. of total logistics space. This space will be developed either through the Built to Suit (BTS) route or the Ready to Move (RTM) route, depending on the specific requirements. The company is exploring BTS facilities in Mumbai, Bangalore, Lucknow, Patna, Guwahati, and other cities. Furthermore, Stellar is considering RTM options in the 21 major cities across the country where it has already established a significant presence.
Commenting on the occasion Anshuman Singh, Chairman & Managing Director, Stellar Value Chain Solutions Pvt. Ltd. said that the seamless takeover of the multi-box warehousing operations in less than a week at Bhiwandi and Banur, has helped the company live up to its customers’ trust. Additionally, it has demonstrated the company’s commitment to offering tech-enabled, customised and broad-based supply chain management services with great speed.