Mahindra Logistics plans IPO by 2018

Mahindra group is reportedly preparing ground for taking Mahindra Logistics public before 2018, and has appointed global consultant McKinsey to help scale up its logistics business. 

Mahindra Logistics could go public once it touches revenue of US$1bn (~Rs. 6,350 crore) from Rs. 2,000 crore at present, according to a business daily.

McKinsey will work with the company for two more years, the report said.

Mahindra Logistics will reportedly place its planned strategy to Mahindra group chairman Anand Mahindra in the forthcoming war room in December.

It is creating four business verticals - automotive & engineering goods, automotive outbound, consumer & pharmaceuticals and e-commerce.

Mahindra Logistics will stay away from transportation of minerals, cement and large oversize project cargo, among others, according to the newspaper report.