German retailer Metro AG which is trying to sell its Indian cash-and-carry operations for around $1.5-1.75 billion has caught the attention of a lot of big companies.
Companies like Reliance Retail, Amazon, TATA Group, Avenue Supermarts — which runs the DMart chain, Thailand’s Charoen Pokphand (CP) Group, Swiggy, Lulu Group, and PE fund Samara Capital are in the race to buy the Indian unit of Metro AG.
But, why are these companies eyeing Metro AG? What does Metro AG exactly do? To find answers to these questions, keep reading this article till the end.
Relative Market Share of Metro Cash and Carry India from FY17 to FY20
Metro AG is a German international specialist in wholesale and food retail which has made its footprints in 34 countries. The headquarters of this company is in Düsseldorf, Germany. The company operates under the cash and carry wholesale business model.
In the cash and carry model, retailers, caterers, hotels, restaurants and other special businesses purchase the goods from a wholesale warehouse and pay the invoice on the spot in cash. Customers have to arrange the transport of the goods themselves.
The Indian subsidiary of Metro was established in 2003 when the Indian government allowed 100% foreign direct investment in wholesale trade on a cash and carry business model.
The company has a chain of 31 cash-and-carry stores in India under the brand, Metro Wholesale. Only business customers can buy goods from these wholesale centres.
Main Products and Services of Metro AG
Metro Cash and Carry India provides 7,000 products to its business customers across various categories like fruits & vegetables, dairy, frozen and bakery products, general grocery, health and beauty products, media and electronics, confectionery, detergents and cleaning supplies, household goods and apparel – all under one warehouse at wholesale prices.
Target Audience of Metro AG
On Metro’s official website, the company has mentioned that its core customers in the Indian market include small retailers and Kirana stores, SMEs, and all types of offices, companies and institutions. The company also targets HoReCa- Hotels, Restaurants and Caterers.
Why Metro AG Wants to Exit the Indian Market?
Metro AG India
Metro AG generated a whopping revenue of $898 million in FY21 (Oct-Sept) and is likely to close the current fiscal year with more than $1 billion in revenues with an EBITDA growth of 30-40%. Last fiscal the EBITDA growth was 50%.
Even after earning so much revenue, why does the company want to exit the Indian market? The reason is increased competition. When Metro AG entered the Indian market in 2013, there were not a lot of players. But, now the situation has completely changed. Metro AG is facing tough competition from Reliance and Udaan.
To fight the competitors the company has to spend $300 million to stay relevant in the market in the short term. But, the parent company METRO is not ready to spend this huge amount to beat its competitors.
Although tough competition is not the only reason for the company to surrender their Indian unit.
“Selling below cost and free delivery of goods are the issues. Most competitors are operating at negative 20-25% EBITDA,” said an industry veteran who doesn’t want his name mentioned in the article.
“At Metro, we regularly assess our international portfolio, such as our market position in the respective country, the life cycle of our operations, and the growth potential of our business. This is a general approach and normal business applied to all countries, including India,” said Gerd Koslowski, the company’s global director of corporate communications.
Metro wants a profitable business in India which is not possible in the near future and that’s why the company is selling its Indian unit.
Last year the company exited Japan and Myanmar due to increased competition. The company has also closed its business in Russia due to its war with Ukraine.
The company has appointed JP Morgan and Goldman Sachs, the most respected investment banks, to find a buyer for their business.
According to Statista, the Indian retail market in 2020 was worth 800 billion USD. By 2026, this figure will reach 1.7 trillion USD. The Indian quick commerce market will reach $5 billion by 2025.
Since Metro AG already has a huge chain of warehouses, wholesalers and retailers, this gives these companies a big chance to tap into the booming retail and quick commerce market. This is the very reason why all of the big companies are fighting to buy the Metro AG.
The company which is trying to disrupt the retail and quick commerce segment is Reliance. The company has already made huge efforts since 2021 to build a large number of wholesale centres for food and grocery, apparel, electronics, and medicines. Reliance is also integrating numerous small shops into its business strategy. Mukesh Ambani has said that they are planning to onboard more than 10 million merchant partners over the next three years.
The main goal of the company is to supply a range of products to consumers through its eCommerce platform JioMart. Reliance already has a huge chain of warehouses and if they acquire Metro AG they would achieve this goal really fast.
But, let’s look at the bigger picture. Reliance is trying to build its own ecosystem. The company wants Indians to use its services from the morning to the night. Consumers can buy products from their eCommerce platform, JioMart using Jio’s mobile or WiFi networks, watch movies on Jio Cinema and pay the money via Jio wallet. Like this, the customers will stay in their eco-system for a long period of time.
Another company that wants to leverage the retail and quick commerce segment is Swiggy. The company wants to expand its current food delivery business model to the quick commerce segment. By acquiring Metro AG the company wants to accelerate Instamart’s growth.
“Swiggy has evinced interest in the acquisition, and a potential deal would enable Metro Cash & Carry’s wholesale stores to feed Swiggy’s Instamart delivery model,” one of the executives said.
“The idea is to create a hub-and-spoke model where Metro stores will supply to Instamart stores, which could be delivery-only or even stores where consumers can walk in.”
Conclusion
All the companies know the bright future of the retail business and quick commerce segment. The companies know that if they acquire Metro AG, they would be able to capture the market quickly. Now, it’s very tough to predict which company will buy Metro AG but, this race would be quite interesting to watch.
Big players in the quick commerce segment like Zomato and Swiggy are not making huge profits. But, if the companies build a smart business model then the quick commerce field can help generate huge profits for any company.
FAQs
What is a cash and carry store?
In cash and carry stores customers buy products from warehouses and settle the invoice in cash and carry the goods with them. Customers have to arrange the transport of the goods themselves. Usually, these customers are retailers, caterers, hotels and restaurants.
Is Metro cash and carry closing in India?
Yes, Metro cash and carry is exiting the Indian market by selling its Indian operations for $1.5-1.75 billion.
How many Metro wholesale stores are there in India?
Metro has 31 wholesale stores in India.
Is Metro an Indian brand?
Metro AG is a German international specialist in wholesale and food retail which has made its footprints in 34 countries. The headquarters of this company is in Düsseldorf, Germany. The company operates under the cash and carry wholesale business model.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byAir India.
Air India is the country’s best flying ambassador. Thanks to the 18,000 Air Indians who have continued the legacy of rising high, the drive to succeed and the passion that marked Air-inaugural India’s flight on October 15, 1932, is still indisputably present today.
In addition to domestic flights, Air India, covers southern and eastern Asia, Europe, the Middle East, Africa, the United States, Australia, and Canada. It was formed in 1932 (as Tata Airlines) and headquartered in Mumbai.
After the transaction was finalised by Air India Limited’s previous owner, the Government of India, it is now held by Talace Private Limited, a Special-Purpose Vehicle of Tata Sons.
Know more about Air India, its company history, business model, funding and investors, etc.
Bharat Ratna J.R.D. Tata founded an airline in 1932, realising his ambition and beginning the path that would become Air India. His love of flying, which led him to become the first Indian to acquire a commercial pilot’s licence, ignited the beginnings of Air India with the introduction of postal service from then-Bombay to Karachi via Ahmedabad. Since becoming nationalised in 1953, Air India has grown to become a significant domestic and international brand.
After joining Star Alliance, the largest global airline alliance, in July 2014, Air India’s international connectivity, which includes cities in Europe, The United States, The United Kingdom, Africa, the Gulf, Asia, and Australia, was improved. The airline flies to every remote county in our nation.
It has consistently stood by the country and its citizens in times of need and has been crucial in evacuation operations throughout crises like the Gulf War, the Coronavirus pandemic, and the most recent situation in Ukraine.
After re-joining the Tata Group on January 27, 2022, Air India is ready for takeoff, reinventing its objectives and strategy with a focus on overall excellence and customer-centric procedures.
Mr. Ratan Tata, Chairman Emeritus, Tata Sons, said on the occasion, “The Tata group welcomes Air India’s new customers and is thrilled to work together to make Air India the airline of choice in terms of passenger comfort and service.”
102 local and foreign destinations are served by the fleet of Airbus and Boeing aircraft operated by Air India. Along with many key cities around India, the airline has its hub at Indira Gandhi International Airport in New Delhi. With a market share of 18.6%, Air India is the biggest airline operating in India. Air India offers service to more than 60 overseas locations on four continents. On July 11, 2014, the airline joined Star Alliance as its 27th member.
Air India – Industry
Almost all facets of air travel and the operations that support it are included in the aviation business. This implies that it covers the whole airline sector as well as the manufacture of aircraft, research organisations, military aviation, and much more. The number of operational aircraft in the global aviation fleet at the start of 2022 was equal to that of 2017. However, at 25,500, it was about double the epidemic low mark set in the middle of 2020.
The business is now again set up for a decade of development after the Covid-19 outbreak lasted for two years. Domestic travel demand is anticipated to approach its pre-pandemic high in early 2023 on a worldwide scale. The projection then calls for continued growth through the rest of the decade at rates that even outpace improvements in GDP.
The ten years through 2032 are likely to be packed with problems that will put aviation’s resilience and profitability to the test, unlike the ten years between 2010 and 2019 when the sector had stable yearly gains in demand. The key issue for aviation going ahead is not its capacity for growth, but rather it’s capacity for profitable growth.
Air India – Founder
Air India is founded by Jehangir Ratanji Dadabhoy Tata on 29 July 1946.
J.R.D Tata
J.R.D Tata – Founder of Air India
Indian aviator, manufacturer, businessman, and head of the Tata Group, JRD Tata was a non-resident Indian, son of renowned industrialist Ratanji Dadabhoy Tata and his spouse Suzanne Brière. His mother was the first Indian lady to drive a vehicle, and he was the country’s first-ever certified pilot in 1929. He is most known for founding various businesses that are part of the Tata Group, including Voltas, Air India, Titan Industries, Tata Consultancy Services, and Tata Motors. He won two of India’s highest civilian honours—the Padma Vibhushan and the Bharat Ratna—in 1955 and 1992, as well as the French Legion of Honor in 1983.
Air India – Startup Story
In 1932, Air India launched Tata Airlines under the name of its founder, J. R. D. Tata. Between the Indian cities of Ahmadabad, Bombay, Bellary, and Madras and Karachi, Pakistan, the line transported mail and people. Within a short period, Tata Airlines’ itineraries featured stops in Trivandrum, Delhi, Colombo, Lahore, and other nearby Indian towns.
After World War II was over, the airline changed its name to Air-India Limited and went public. With the government owning a 49 per cent stake in the business, the airline expanded its reach outside of India in just two years, operating frequent flights to Cairo, Geneva, and London. The name of the company was once again changed to Air-India International Limited to reflect its expanded range of services.
For a variety of factors, India fared better in the airline business than the majority of other emerging nations. Air India mostly used native-born pilots, unlike other airlines which had to rely on foreign pilots to fly their aircraft. Similar to how many competent Indians were available to maintain India’s fleet and educate and manage its workforce, many other nations had to look outside of their borders for this type of knowledge. Along with its sibling carriers, Air-India profited from these benefits.
Early in the 1950s, Air India saw competition for its routes for the first time. Due to the affordable, war-surplus DC-3s that were becoming available, several new airlines were starting to emerge. There were no less than 21 established airlines, 11 of which had been granted permission to operate in Indian airspace.
Expanding its aviation business even further was one of Air India’s main objectives for the nineties. At the start of the decade, Air-India accounted for around 30% of the country’s air cargo business, with more than three dozen foreign airlines transporting the remaining 70%. To expand its ability to transport exports, the airline intended to hire more jet freighters. The International Airports Authority of India enhanced the ground handling and infrastructure at the entrances it manages, increasing its appeal to airlines and freight forwarders. With these modifications in place, cargo revenue for the 1990 fiscal year was the US $195 million, or 21% of Air India’s revenue.
Air India – Name, Logo, and Tagline
When J. R. D. Tata of Tata Sons, an Indian aviator and business mogul, launched Air India, it was originally known as Tata Air Services before changing its name to Tata Airlines. The airline used a six-seat Miles Merlin to launch its inaugural domestic route from Bombay to Trivandrum. It was given a new name in 1938, first as Tata Air Services and then as Tata Airlines.
Although its founder J. R. D. Tata would continue in that role as Chairman until 1977, the Government of India approved the Air Corporations Act in 1953 and bought a controlling share in the airline from Tata Sons.
As part of a reorganisation, the business was given the new name Air India International Limited and the domestic services were given to Indian Airlines.
The tagline of Air India says, “Air India… Truly Indian”
The airline’s previous logo included an orange “Konark Chakra” inside of a crimson flying swan. The soaring swan is a modified version of the iconic Air India emblem, “The Centaur,” while the “Konark Chakra” is evocative of the Indian logo.
Air India – Mission, and Vision
Air India’s mission statement says, “to deliver the highest quality of service around the world and be the epitome of Indian hospitality and to be India’s flag carrier and provide seamless travel within India and the world.”
Air India’s vision is, “to become India’s most efficient and preferred LCC on regional and international routes; constantly exceeding guest’ expectations in terms of quality, affordability, convenience and comfort.”
Air India – Products
Air India is one of India’s largest airlines, offering both international and local flights. Transport for people and goods was originally Air India’s two main services. But in 2012, the freight transport was shut down. It exclusively uses passenger transportation for operation. For the same, it makes use of Boeing and Airbus aircraft.
Some of its key products include premium lounges and in-flight entertainment. It also rents a number of its fleets to cut costs while maintaining quality. Air India’s extensive network of routes allows it to provide flights to the world’s most significant cities and commercial hubs. To encourage repeat business from its customers, it offers a high degree of safety.
According to the much research conducted and information obtained, Air India has solidified its position as India’s largest and most productive air carrier on all fronts. Millions of travellers regularly use their service, which is current and useful.
They aggressively position themselves in the market utilising a range of marketing strategies, such as social media campaigns and advertising, to tell customers about upcoming packages and other things. Customers consider their affordable costs to be a competitive advantage and a selling point. Overall, they have reached new heights while maintaining their innovativeness thanks to their marketing and sales strategies.
Some of the elements that determine the pricing include the path used by air traffic, the distance travelled, and the number of stops made along the trip. Given how fiercely competitive the airline industry is, competitive pricing makes sense. Within a flight, there are simultaneously two different pricing ranges:
Economy class
Business-class
Middle-class families may easily afford flight tickets on Air India. Business-class passengers are the main target of premium pricing since they are more likely to pay for and use premium services.
Air India – Marketing Campaigns
Through various media, including print, radio, television, and internet platforms, marketing efforts spread the word about items. It connects with the client by conveying a relevant message in addition to promoting the goods. The greatest and safest travel experience is promised by Air India campaigns.
A dig at Indigo – After a video showed one of their personnel fighting a passenger, Air India posted two advertisements on Twitter in a covert thread towards IndiGo Airlines. Air India poked fun at IndiGo after the assault incident by promising “unbeatable service” and using the letter “beat” in blue, IndiGo’s signature colour. The second one has the slogan, “We raise our hands ONLY to offer namaste,” and features Air India’s mascot, “Maharaja,” in his signature pose. On Twitter, people criticised IndiGo over the event and called for a boycott of the airline.
Mascot – The Air India Maharaja, arguably the country’s most known mascot, is typically seen standing with his hands in a polite namaste or bowing with his palm placed over his heart to greet visitors. But the mascot has since undergone several additional changes. Let’s examine a few of them.
War Ads – Air India and IndiGo are in war advertising. To entice customers, Air India is boosting up its advertising effort. Right behind IndiGo’s check-in desks, Air India posted an advertisement on a wall panel that said, “Next time fly with Air India and experience the difference.” Although no competitors are mentioned, the strategic positioning speaks for itself. Even IndiGo made no concessions. It responded to Air India with a commercial.
However, the national carrier has never engaged in such aggressive marketing. With loud advertising and promotional discounts, Air India is attempting to get consumer attention.
Air India – Acquisitions
Acquiree Name
About Acquiree
Date
Amount
AirAsia India
AirAsia India provides scheduled air passenger transportation, air cargo transportation, and charter flight services.
The COVID-19 outbreak and rising fuel prices, according to claims in the media, are expected to lead India’s airlines to suffer their largest-ever loss of almost 20,000 crore rupees this fiscal year. Since its merger with Indian Airlines in 2007–2008, the airline has never turned a profit. In actuality, it disclosed a 7,017 crore rupee loss for FY21. The Tatas want to increase on-time performance and in-flight amenities now that they are back in the Air India cockpit. They must also encourage a corporate culture among the airline’s staff. Problems like outdated aircraft and subpar cabin goods must also be addressed.
The fleet’s update and maintenance come next. Air India has 141 aircraft in its fleet, a mix of narrow and wide-body Airbus and Boeing models, but has committed to giving Tatas just 118 of them in flyable condition. The 787 fleet of Air India’s airline is likewise severely short on components and engines. Tata group discovered that at any one moment, at least five 787s were sitting idle owing to a lack of engines. On the Boeing 777 fleet, which serves as the backbone of Air India’s successful US operations, at least two aircraft have been determined to be unfit for flight, and the others require extensive refurbishment.
How well the Tata Group will organise its aviation operations is an equally significant task.
Air India – Future Plans
“In terms of fleet, we know we have work to do,” Natarajan Chandrasekaran, chairman of the Tata Group, told. “We will address it with utmost urgency. We’ll upgrade our fleet, we’ll bring modernity in our fleet, we’ll bring a new fleet.”
In the upcoming months, Mr Chandrasekaran informed employees that Air India will swiftly boost the number of its narrow-body and wide-body aircraft. The average fleet age of Air India is more than ten years.
As per the company’s site, its fleet presently consists of 153 aircraft. This comprises 49 wide-body aircraft produced by Boeing and Airbus, including planes from the most popular 320 and 737 families. This is a challenging combination since each kind of aircraft demands a different set of pilot and crew skill sets.
Even though reductions are typical in such huge agreements, a sale for 50 brand-new 787-9 planes may be worth $14.6 billion at sticker pricing. The oldest models of the fuel-efficient workhorse are flown by Air India, one of the Boeing Dreamliner’s earliest purchasers worldwide, albeit some of them are still grounded owing to a lack of components.
FAQs
When was Air India founded?
Air India was founded in 1932 (as Tata Airlines) and headquartered in Mumbai.
Who is the founder of Air India?
Air India was founded by Jehangir Ratanji Dadabhoy Tata in 1946 in New Delhi.
Is Air India and AirAsia India same?
Air India acquired AirAsia India on Jun 14, 2022.
Who are the top competitors of Air India?
Top competitors in the competitive list of Air India are:-
Indigo
Jet Airways
Go Air
Air Asia
Etihad
Oman Air
Thai Airways
Singapore Airlines
Emirates
Jet Airways
Spicejet
Who is the owner of Air India?
Air India is owned by Tata Group.
Who is the CEO of Air India?
Campbell Wilson is the CEO of Air India since 12 May 2022.
There is hardly anyone in India, who doesn’t know Ratan Tata. Ratan Tata is a well-known and one of the most respected and influential businessmen in the country. He was the former chairman of Tata Sons. He is known for his simple lifestyle and has contributed to the growth of TaTa Group immensely.
From the moment Ratan Tata resigned as the chairman of Tata groups on his 75th birthday, he has been looking out for interesting start-ups to invest in. Ratan Tata has always been a philanthropist and has provided innumerable contributions to various charities throughout his lifetime.
With his new look into the developing startup culture in India, various small start-ups have enquired about how to seek Ratan Tata for investment opportunities. Hundreds of small companies with innovative ideas seek the assistance of the Tata trust for a chance to develop their idea into full-fledged companies. In this article, we will talk about how to raise funds from Ratan Tata. So, let’s take a look at them.
Why Do Startups Look for the Support of Ratan Tata?
The basic reason for any startup to look for big investors is to source funds for their day-to-day activities and also to offer scalability for their products or services. But with the former chairman of Tata groups backing a company for investment, there is something more than just money that the company gets.
The trust and confidence of the people and other investors is the major gain the company gets when it is backed by Tata groups. This provides the company with a unique endorsement that sets it apart from its peers in the same field. It also gives enough traction and publicity for the business without any spending on the promotion of its products or services.
The last and most important part of it is the experience that one gets from the suggestions provided by the former chairman of Tata groups. As it rubs off, the company can look for guidance from the industry giant which gives them a huge leap in business.
There are a few ways that can be used to gain the attention of Ratan Tata regarding investment opportunities. Some of the classical ways are as follows:
1. The easiest way to connect with Ratan Tata would be to speak with someone from Tata Trust that is in charge of dealing with requests for investments. This way can take a long time to get a reply and the process is tedious.
2. The next way would be to use a formally edited e-mail stating the purpose of the mail. It is also necessary to ensure that the idea or request can be clearly understood so that it can be forwarded to Ratan Tata himself if it is worth his time. Some of the e-mail addresses that can be corresponded to are srtt- @tatatrusts.org, rntata@tata.com, rnt@tata.com, or talktous@tatatrusts.org.
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3. Alternatively, contacting Venkatramanan from Tata Trust would give a chance to meet Ratan Tata for presenting the idea. This idea is better and also more professional as all proposals are directed to him before shortlisting the ideas that are worth mentioning to Ratan Tata.
4. The best way to get in touch with the former Tata group chairman would be to write a letter explaining the idea and reasons for seeking investment. Talking about the risks and the opportunities that the idea provides will provide an edge over the thousands of ideas that are directed at him for investment. Since Ratan Tata is a simplistic, down-to-earth person, writing a letter also appeals to the approach. He is one of the popular Angel investors for a reason.
Industries That Have Received Investment From Tata Trusts
Few Companies funded by Ratan Tata
Tata groups have never been confined to one sector or industry under the guidance of Ratan Tata as chairman of the group. The same is followed by the Indian industry giant when he invests in startups and companies. The investment portfolio is never limited to just the tech industry. He looks into ideas that improve the standard of life or provide services that lead to new solutions for existing problems.
Let us take a look at the different companies in each industry that have received backing from the former chairman of Tata groups.
E-commerce
The e-commerce industry is the fastest growing technology-based industry since 2005. The business ideas that received backing from Mr Tata in the e-commerce sector are Snapdeal, Urban Ladder, CarDekho, Paytm, Bluestone, Firstcry, and Zivame. All of these companies were backed by Tata trusts between 2014 and 2016.
Digital Payments
Payment gateways are an important part of any online business nowadays. So, innovative ideas in this field were also backed by Tata groups since 2015. The US-based digital payment transfer company Abra and the Indian cashback and coupon site Cashkaro were the 2 companies supported by Tata in this sector.
On-Demand services
The use of On-demand services has become extensive and is growing more each day due to the busy work schedules of people. Ratan Tata has not left a stone unturned even in this sector. Popular companies like Ola and UrbanClap were once start-ups that were backed by Ratan Tata. Holachef is also a start-up that was supported by Tata Trust way back in 2015 when food-tech startups were emerging in the Indian Market.
Electricals
The Coimbatore-based company Ampere received funding from Tata Trusts in 2015. The company manufactures e-cycles, e-scooters, and special purpose waste management vehicles for the government. Various companies in other sectors and industries like Mobile Tech, Media, Healthcare, etc. also received funding and investment opportunities from the Tata Group.
Conclusion
The most important factor that is needed for the survival of a startup is funds. One can look for investors to invest in their business. Ratan Tata with enthusiasm invested in startups and small businesses that look promising. Through Ratan Tata, you not only get funds for your startups but also it brings a good reputation and somewhat creates a hood image of your company.
FAQs
Who is Ratan Tata?
Ratan Tata is an Indian Businessman and was the former chairman of Tata Sons.
Does Ratan Tata invest on Startups?
Ratan has invested in over 3o startups till now and is known for his generosity.
Durables also referred to as durable products or consumer durables, are items that do not have to be replaced frequently and generally endure for three years or more. Consumer durable goods stay long enough to purchase on a regular basis. Furnishings, automobiles, books, metal, and other consumer durable products are examples. In India, there are a number of consumer durables companies that make and supply such items. In the coming year, the sector’s market will be worth around $3 trillion. So, here’s a look at the top durable companies in India.
White Goods: Air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, refrigerators, kitchen stoves, water heaters, washing machines, microwave ovens, and induction cookers are examples of white goods.
Brown Goods: Microwave ovens, grinders, chimneys, electric fans, iron, mixers, and other similar cooking gadgets are examples of these types of commodities.
Consumer Electronics: VCD players, DVD players, MP3 players, mobile phones, telephones, and other similar items fall within consumer electronics products.
In India, a number of consumer durables companies make and distribute such items. In the year 2020, the industry’s market was worth around $3 trillion. Apart from that, India is a fast developing country in the sector of technology.
Top 9 Consumer Durable Companies in India
1. Bajaj Electricals
Bajaj Electricals Logo
Counted among one of the top consumer durable companies in India, Bajaj Electrical is a well-known brand. The Bajaj Group, situated in Mumbai, Maharashtra, was founded in 1926 and is the parent business of Bajaj Electricals. Kitchenware, ceiling fans, table fans, pedestal fans, exhaust fans, light bulbs, lanterns, and battery torches are just a few of the consumer products produced by Bajaj Electricals.
Bajaj Electricals’ market capitalization as of August 2, 2021, is 13, 185.69 crores. Their products are all produced with cutting-edge technology. It has over 20 branch offices throughout the country. Bajaj sells its products in more than 5 nations, including the United Arab Emirates and the United Kingdom.
2. Prestige
Prestige Logo
It is an Indian firm that produces Prestige brand kitchen gadgets and cookware. Pressure and induction cookers, mixer grinders, glass top, and electric cookers are some of their best-selling items. The TTK Prestige consumer durables division is part of the TTK Group, a commercial conglomerate that was created in 1928. TTK Prestige is well-known and respected.
Prestige is one of the top consumer durable companies in India. It has a market capitalization of 12,060 crores as of August 2, 2021. All of their items fall under the category of kitchen appliances, and roughly 60% of regular and repeat clients trust them. For its efforts in the field, the corporation was also awarded the power brand award.
3. Philips India
Philips Logo
Philips India Ltd., headquartered in Amsterdam, is a Dutch multinational conglomerate. They are one of the world’s leading consumer durables corporations. Radios, shavers, and lights, among other things, are well-known and frequently purchased. Clinical intelligence, imaging systems such as CT and MRI, diagnostic monitoring, and defibrillators are among their healthcare offerings.
Philips has taken a number of steps to improve environmental circumstances. Their inventions and new procedures have gained them notoriety, and they are now one of India’s leading consumer durables enterprises.
4. Blue Star
Blue Star Logo
Blue Star Limited is a well-known refrigerator manufacturer. In India, the firm is also the major manufacturer of air conditioning equipment. It also provides other services such as electrical drilling and plumbing. High-quality air coolers and purifiers have come from their firms’ cutting-edge technologies.
With a network of 32 offices around the country, the annual income is around INR 5405 Cr. There is approximately 2800 employees total, with 3880 channel officers. They have a steady stream of corporate and commercial clientele.
The business segment and the after-sales segment are both included in their electromechanical project. Apart from that, their electronic and unitary products are among the best in the industry, making them India’s leading consumer durables company.
5. Whirlpool
Whirlpool Logo
Whirlpool corporation only entered India in the late 1980s through a partnership with the TVS group. They began producing and marketing washing machines in the union territory of Pondicherry, and now have facilities in Pune, Pondicherry, and Faridabad.
With a variety of items such as air conditioners, washing machines, refrigerators, and imaging equipment, their mission is to make happier households in the country. To assure customer pleasure, they have world-class dealers and retailers. With their state-of-the-art technology, they have reached new heights with their brand philosophy of serving clients from all over the world.
6. Voltas
Voltas Logo
Voltas is one of the top durable companies in India that is a division of the well-known Tata group. The company is professional in establishing market leadership through creative solutions. It’s a multibillion-dollar home appliance conglomerate known for its high-quality air conditioners and cooling systems. Their project businesses are divided into two sections. The domestic segment is one, and the foreign segment is the other.
To secure profitability, they deliver cutting-edge quality items. Air conditioners, air and water purifiers, water dispensers and cleansers, and other goods are among their most popular. A number of prestigious organisations had praised their work, and they had received numerous prizes.
7. Hitachi
Hitachi Logo
Hitachi is a Japanese multinational corporation that ranks 129th among Fortune 500 firms worldwide. The induction motor was the company’s first product. They produce and distribute a wide range of items, including automotive systems, construction machinery, defence systems, digital media products, and more.
Many hospitals throughout the world have purchased equipment from their electronic division, including particle treatment and cell therapy technology. Wires and cables are also bought and traded across borders. Hitachi is one of India’s leading consumer durable enterprises, providing social and infrastructural system facilities such as elevators and escalators.
8. Orient Electric
Orient Electric Logo
In 2011, the company entered the consumer durables industry and has performed admirably since then. The company is well-known for its cutting-edge, market-leading products. Emergency LED lamps, inverter fans, and UV sanitary machines are just a few of them. It has won the prize for best corporate super-brand. Their main goal and ambition is to make items more accessible to people all over the world by ensuring profitable products.
9. Godrej and Boyce
Godrej Logo
With over 616 million active consumers in the country, Godrej has succeeded in performance since its inception. It has also aided in the expansion of India’s economy and the development of its stakeholders. It is the first Indian firm to receive a nomination for the global cooling price.
According to projections issued in 2019-2020, their entire revenue is over INR 11,500 Cr. Lighting and security solutions are among their most trusted categories. With its foreign subsidiaries and affairs, the company has established global footprints on about five continents.
The company’s current ROE value is 20.5 percent, and thousands of people are actively contributing to its growth. Many people have put their faith in the country’s satellite launches and other aviation endeavours which makes it one of the best consumer durables companies in India.
The demand for a wide range of consumer durable products is steadily increasing in India, thanks to rising disposable income and technological advancements. As the price gap between the identical consumer goods produced by different companies narrows, this results in fierce competition among different consumer durable brands. These items are becoming less expensive by the day.
From US$ 6.3 billion in the 2010-11 fiscal year to US$ 12.5 billion in the 2015-16 fiscal year, the consumer durables market is predicted to grow at a 14.8 percent CAGR to US$ 12.5 billion in the 2015-16 fiscal year. According to the most recent data, it is predicted to grow by 9% by 2022, reaching US$ 48.37 billion.
FAQs
What is a consumer durable company?
Consumer durable companies are companies that manufacture consumer durable goods that are bought in the long run. Goods like refrigerators, dishwashers, washing machines, fans, etc.
What are the top consumer durable companies in India?
Some of the best Consumer Durable companies in India are:
Bajaj Electricals Ltd.
Prestige
Philips India Ltd.
Blue Star Ltd.
Whirlpool Corporation Ltd.
Voltas Ltd.
Hitachi Global
Orient Electrical
Godrej
What is an example of a consumer durable good?
Refrigerators, automobiles, furniture, household appliances, washing machines, and mobile homes are some examples of consumer durable goods.
Every entrepreneur dreams of making their business a success, showcasing their innovation to the entire world and turning their passion into their profession. Once you get the taste of success, you want more of it, so it is very natural for companies to acquire other companies. The reason for acquiring other companies can be numerous. It can be because they want to explore different markets, try to make a different company their own because they find it promising, to increase their market share or something else. So, it is quite normal to see some pretty big companies acquiring startups.
Tata is one of the most popular Indian multinational companies, there is hardly anyone who lives in India and doesn’t know about the company. People in India are literally surrounded by the products of Tata, so it’s kind of impossible to not know about the existence of the company. It is serving the people for over 150 years. Tata was founded in the year 1868 by Jamsetji Tata, and it is the oldest and largest industrial group in India. Being one of the largest industries, it is not something unnatural to acquire different companies, so it keeps on doing that.
In this article, we will talk about some new tech companies that are acquired by Tata, so without any further ado, let’s get started.
The key to making acquisitions is being ready because you really never know when the right big one is going to come along. -James McNerney
Tejas Networks is an optical broadband company that also provides data networking products and solutions to telecom networks and internet service providers in India and in 75 other countries. The company was founded in the year 2000 by Arnob Roy, Kumar N. Sivarajan and Sanjay Nayak. It is one of the most popular exporters of IPs in developing countries like Africa and in South East Asia. The headquarters of Tejas Networks is situated in Bangalore, India. In 2021, Tata Sons acquired majority stakes of Tejas Network which is 26% for INR 1038 Crores.
Saankhya Labs
Saankhya Labs
Saankhya Labs is a wireless communication solutions company, it is a semiconductor firm founded in the year 2007 by Parag Naik and Vishwakumara Kayargadde. The company focuses on providing semiconductor products for radios, satellite communication and other wireless tech, not only in India but in the International market as well.
As per reports, one of Tata Group’s subsidiaries Tejas Network has acquired the majority stake of Saankhya Lab, almost 64.40% for INR 286.94 Crores and made the company one of their own. This acquisition is mainly done to expand the market of wireless products, and customers will get the advantage of a larger product portfolio to choose from.
Cambric Corporation
Cambric Logo
Cambric Corporation is a company that provides engineering services, at the end of 2012 the company had revenue of $25 million. The company was founded in the year 1998 and the headquarters of the company is situated in The United States of America with that it also has a strong presence in Eastern Europe.
Tata technologies acquired Cambric Corporation; the US-based company for $32.5 million in 2013 and since then it has focused on the company and has helped in making Tata Technologies’ presence in the global frontier.
URJA
Urja Logo
Urja was founded in the year 2017 by Anant Jhawar and Saurabh Jhamb. It is an Industrial IoT startup that provides smart energy with the help of smart sensors and analytics platforms. In 2021 Tata Power invested in Urja, the main motive of this is to establish Tata motors as the main energy-as-a-service (EaaS) service provider and to offer smart energy to its customers. Urja mainly works on developing IoT devices for industrial manufacturing applications, air conditioning systems, hydropower plants and thermal plants.
AccessBell
AccessBell is a video conferencing platform that is mainly provided to enterprises for proper workflow in the company. The company was founded by Josh Payne, Kamil Ali and Martin Aguinis in the year 2020. The headquarters of the company is situated in Sans Francisco, The United States of America.
The video conferencing platform provides features like taking personal and collaborative notes; scheduling meetings on the platform and video recording the whole meeting. Even in low connection, one can connect with clients easily, through it and the call drop doesn’t happen that much. Tata Group has acquired AccessBall in 2021. This acquisition will focus on virtual care provided to its people.
Conclusion
Tata being one of the biggest industrial groups in India has been a regular part of our lives, we are surrounded by its products. With an intention of expanding its name in different markets, Tata is acquiring a number of companies every year. Nowadays Tata is especially eyeing different and promising tech startups, to make them its own. It has already acquired a number of tech startups from across the globe to make its presence strong.
FAQs
Who was the founder of Tata?
Jamsetji Tata founded the Tata group in the year 1868.
Who is the CEO of Tata Group?
Natarajan Chandrasekaran is the current CEO of Tata Group.
How many companies are there in the Tata group?
As of there are around 30 companies in the Tata group.
Salt is a commodity that is commonly used by everyone. There are a ton of different salt brands out there trying to sell to people. But it takes a lot of effort and clever marketing strategies to capture the market of such a common commodity. In this article, will be discussing exactly the strategies Tata implemented to become ‘Desh ka Namak’.
Tata Salt is a subsidiary company of the Tata group. The immediate parent company of Tata Salt is Tata Chemicals. In 1983 the salt industry was unbranded and unprocessed salt was sold in the market. This is the time when Tata Salt decided to invade the market and sell their product. So, Let’s look at how Tata Salt became the most trusted salt brand in India.
So Lets look at Marketing Strategies implemented by Tata Salt:
Generally, other salt companies marketed their product by the word ‘Salt‘ in 1983. As the majority of the people in India are Hindi-speaking people. People get more connected when Hindi words are used. Apart from that salt is a commodity which one usually associates with one’s country.
The marketing team of Tata Salt used this opportunity and devised a marketing strategy to connect with the audience. They, therefore, marketed the product with the jingle “Namak ho Tata ka, Tata Namak“. This jingle connected the common man in a great way. With the change of the word “salt” to “Namak”, people started to consider it as a more domestic product.
Took Advantage by capturing a disorganized market
In 1983, the salt industry was an unorganized sector. Generally, it was sold loose in the grocery store. There were no branded companies that sold salt. People in the business were either selling unprocessed or direct sea salt. Many times, the product was not up to the mark.
The market research also showed that many people wanted a reliable salt brand. This is where Tata salt cashed in on the opportunity. Tata brand is seen to be the most reliable brand in India. So, Tata used the brand to capture the market. Using the respectable brand name of Tata they acquired a huge market share in the salt industry.
Tata’s are hugely respected for their business ethics in India. It has made its mark in India where every common man in India has heard about Tata. This is where Tata salt has taken full advantage of its brand. They added the name of Tata before their salt so that the customer can rely on this product without a second thought.
Improved their Product and then Marketed its Benefits
In 1983, the salt market was very immature. There were many businessmen in this market but none of them was reliable. Most of them were selling unprocessed salt or direct sea salt. Tata’s identified this loophole and started working on it. They researched and found that they can improve their product to a great extent. They worked with the nutrition department of the Government of India.
Tata Salt Marketing
While researching, they found out that Indian people were deficient in iodine. Therefore, they came up with an iodized salt product. This salt was going to be India’s first iodized salt. Tata not only improved the product but also marketed the nutrient value of Iodine to the common people. The increased nutrient value was taken very positively by people.
Mary Kom was appointed as the Brand Ambassador for Tata Salt
Mary Kom Endorsing Tata Salt
Tata group chose Mary Kom to represent them. Generally, brands used famous actors and actresses to brand themselves. But Tata over here made a unique choice. They decided to put forward an internationally renowned athlete to represent their company.
This also sent a message that Tata salt was used by the fittest people. This adhered to their trust in Tata salt. Mary Kom also was a national player and also symbolized national assets and triggered patriotic emotions in the customer.
They used the tagline “Maine desk ka Namak khaya hai“. This tagline validated their product in terms of quality. Also, the tagline connected well with the sentiments of India. This also reminded the people that it was their own country’s commodity.
People in India are very patriotic, their love towards their nation is commendable. Due to the swadeshi movement, people tend to promote the product which is native to their country.
Tata’s were always seen as a company that represented India. When a product like salt came from Tata’s, it was hugely welcomed by the common people. They felt that they are getting a quality product at a reasonable price.
They marketed their salt with the tagline ‘Desh ka Namak’. This tagline deeply connected a common man to the product. People also had a feeling that by buying this product, they are contributing to the country.
Launched new Products
Tata Salt Products
Tata salts have now brought a number of new salt products. The products are Tata salt lite, Tata Salt Plus (double fortified salt). These salts are marketed based on the nutrient advancements. They marketed them on the base of a good reputation built previously. This way Tata salt is increasing its product base and thus increasing revenue.
Tata Salt employed many clever marketing strategies to become “Desh ka namak”. They fabricated several marketing strategies to build the most trusted salt brand. As it had set out when the salt industry was very unorganized, so they somewhat got the first-mover advantage. They took full advantage of their brand and many other things which were aligned in their favor. With this, we come to the very end of the article.
FAQ
When was Tata salt launched?
Tata salt was launched in 1983 as the first national branded salt of India.
Where is Tata salt produced?
Tata salt products are produced in Mithapur facility, Gujrat.
The Electric Vehicle industry is expected to boom in the next 5 years in India with a lot of companies coming up with EV vehicles both 2 wheelers and 4 wheelers. Even the global EV giant Tesla has entered into the country. Recently Tata Motors and Tata power have jointly set up a solar carport and are making a mark in the EV infrastructure. Let’s look at how the solar carport is going to benefit the EV industry.
Tata Motors and Tata Power have joined together in order to set up one of the largest grid synchronized, behind the meter solar carport of the county. The carport is located in Pune at the car plant of Tata motors.
The company has said that the 6.2-megawatt carport is the largest solar carport in the country. The project that is developed in the plant of Tata motors will be able to generate around 8.6 million kilowatts of electricity and would reduce an estimated amount of 7,000 tonnes of Carbon dioxide from the atmosphere and around 1.6 lakh tonnes over its lifestyle.
The project is spread across 30,000 square meters and can also be used as the parking space for the cars that are manufactured by Tata motors. Even after the crisis faced by the country due to the Coronavirus Pandemic both the companies were able to develop the carport with a record period of 9.5 months.
This carport is expected to be a part of the company’s net zero carbon goals by the year 2039 and Tata motors had entered into a Power Purchase agreement with Tata power in regards to the goals.
Tata Solar Car port
Tata motors on Solar Carport project
Shailesh Chandra who is the President of the Passenger Vehicle Business Unit of Tata Motors had conveyed that, the company has always advocated sustainability in every aspect of our business by checking more meaningful ways to reduce the impact we create on our planet by providing existing products and sustainability solutions to the customers.
He added that the company has always been conscious of the need for energy consumption and is also working towards achieving a 100% renewable source of energy for all the operations.
How Tata Solar Carport project will benefit the EV Industry
The Electric Vehicle industry of the country will be the most benefitted sector from this project. One of the disadvantages of the EVs in the country is the lack of infrastructure and the adaptability and this project is considered to be the first step towards the infrastructure facilities provided for the Electric Vehicle industry.
Tata Motors already have their set of EVs and this will add as an added advantage for their cars. Some of the other advantages are that the Solar carport will reduce the expenses of the company as they will not have to buy the energy from the power supply companies and can generate their own electricity.
Tata Power on its Solar Carport project
Praveer Sinha who is the MD and CEO of Tata Power has conveyed that as one Tata initiative and added that they are proud to partner with Tata motors. He added that the partnership is a proof of our collective efforts in order to reduce the carbon footprint in the society and to provide solutions for the future that are concentrated into the green energy solutions.
He added that the company would focus and continue to explore new ways to generate energy through clean resources and provide them to the customers and their partners.
Tata Power also has a solar powered carport which is the first ever carport in the country that was established in the year 2017 in Delhi. Tata Motors has also committed to shifting to 100 % renewable energy consumption by joining the RE100 initiative. Tata Power also has a solar carport established in the Kochi airport in the year 2018.
FAQ
What is size of Tata solar carport?
The Tata solar car port spans across 30,000 square meters and is located in Chikhali, Pune.
How much electricity will the Tata solar carport project generate?
The project that is developed in the plant of Tata motors will be able to generate around 8.6 million kilowatts of electricity and would reduce an estimated amount of 7,000 tonnes of Carbon dioxide.
Where is the Tata solar carport located?
The carport is located in Chikhali, Pune at the car plant of Tata motors.
The 5G network has been said to come into India in a few years. Jio has been working on it for the last year and had also announced about the 5G network in one of their Annual General Meeting. But now Airtel and Tata group have joined together to provide 5G network solutions in the country. In this article let’s look at how Tata group is helping Airtel to bring 5G in India.
The telecom major Airtel has announced that it has got into a strategic partnership with Tata group in order to implement its 5G network solution in the country. Airtel has conveyed that the company would be the pioneer for testing and launching the native solution as part of its plans for India in rolling out 5G solutions.
The company has announced in a statement that the pilot is expected to start by January 2022 as per the guidelines that are formulated by the Government of India.
How Tata Group is helping Airtel bring 5G in India
The Tata group has developed a telecom stack which is a state-of-the-art O-RAN (Open Radio Access Network) based radio and NSA/SA core. The company has been successful in order to integrate a completely native based telecom stack through leveraging the capabilities of its group as well as its partners. The company conveyed in a statement that the tech would be available for commercial development from the start of January 2022.
The Tata Consultancy Solutions is expected to contribute its expertise in the global system integration and is expected in aligning both the 3GPP and O-RAN standards in providing end-to-end solutions. TCS is a pioneer in software development and these networks and equipment are increasingly embedded in the software segment.
N Ganapathy Subramaniam representing the Tata group and TCS has stated that, As a group the company is excited about the opportunity that is presented by 5G and the adjacent possibilities and added that they are working towards developing networking equipment and solutions that is world-class in the networking space in order to address the business opportunities. They also added that they are pleased to have Airtel as their customer in this initiative.
Countries with most number of 5G installed in Cities
The MD and CEO of Bharti Airtel, Gopal Vittal had conveyed that they are really happy to join forces with the Tata group in order to make India a global hub for 5G and technologies related to it.
He added that, India is well-positioned with its talent pool and world-class technology ecosystem in order to build cutting-edge applications and cutting-edge technological solutions for the world. He also added that this step is expected to provide a massive boost to India in order to become an innovation and manufacturing destination.
These 5G products and solutions are Made in India and are aligned to the global standards and are expected to interoperate with other products based on certain standards that are defined by the O-RAN alliances and open interfaces.
Once the 5G solutions are commercially proven the diversified and brownfield network of Airtel would open export opportunities for the country which is now the second most market for the telecom services in the world.
Airtel is a Board member of the O-RAN Alliance and is committed towards implementing and exploring the O-RAN based networks in India. In early 2021, Airtel had become the first telecom company in order to provide a practical 5G service over its LIVE network in Hyderabad city. Using the spectrum that is allocated by the Department of telecom Airtel has started 5G trials in the major cities.
The media enterprises and the telecom of TATA group provide the requirements regarding communication from SMEs to global business houses and from home networks to wholesale networks. TATA consultancy services and Airtel both are a member of the O-RAN alliance.
FAQ
Will 5G be available in India?
Yes, Many telecom companies are preparing for 5G and India will be ready for 5G till 2022.
Which country are using 5G?
The top three countries that have the most cities with 5G are China at 341, the United States at 279, and South Korea with 85.
Is Airtel 5G ready?
Bharti Airtel become the country’s first telco to successfully demonstrate & orchestrate LIVE 5G service over a commercial network in Hyderabad city.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byMailit.
Logistics tech startups are bound to attract investor interest again this year, due to the spike in Covid-19 across the country. Ecom Express, a logistics startup based in Delhi, raised $20 million, for example. Second, before its IPO, Unicorn Delhivery raised $3 billion in funding.
The second wave is shifting the focus of the table to technology and digital logistics in order to improve business operations. Similarly, on 21st April 2021, Ratan Tata has recently made an undisclosed amount of investment in Mailit, a Mumbai-based dispatch aggregator.
Mailit is a pioneering dispatch aggregator company headquartered in Mumbai that provides customized parcel delivery and mailroom management services. The company also has a mailroom management service, which includes bulk document and package dispatching both domestically and globally.
As of 21st April 2021, Mr. Ratan Tata, a renowned industrialist, made an investment in Mailit, a technology-driven mailroom management and logistics firm.
Although the details regarding the finances of this recent investment by Ratan Tata hasn’t been disclosed yet, Mailit happens to state that in the next five years it plans to open 500 mailrooms across India as well as fully automated warehouse and distribution centres.
Leading corporates and many blue chip companies in the Tata Group rely on Mailit for courier, parcel, mail room management digital solutions, and postal services.
Mahesh Shirodkar, founder of the company, said the investment by Ratan Tata “opens up a wider growth prospect” for the company.
“With the government reiterating its commitment to strengthening the infrastructure sector, Tata believes the Mailit IL&MS platform will bring in cost optimization, build operational efficiencies in the supply chain and create employment opportunities across India,” the company states.
This new investment by Ratan Tata came at a time when the company was looking for new ways to expand its primary business and move towards the more digitised and technical services. As a result, it made the decision to invest in Mailit for technological logistics and smooth movement.
Mailit – About and How it Works?
Mailit, a Mumbai-based dispatch aggregator, is a subsidiary of Mahesh Shirodkar’s company Shirodkar Cargo Services that provides customized parcel delivery and mailroom management services.
Mahesh Shirodkar, initiated courier services in 1987, and on March 16, 2006 his company became a private limited known as Shirodkar Cargo Services Pvt Ltd which is a business that engages in customized courier, delivery, and mailing room services. The business provides customized delivery of a variety of packages. It also involves both domestic and foreign bulk dispatch of documents and parcels.
TATA Motors, TATA Capital, TATA Hitachi, and Glenmark Pharmaceuticals are among the company’s top tier customers.
Mailit – Founder and History
Mailit Founder, Mahesh Shirodkar, exemplifies entrepreneurial zeal by taking a forward-thinking approach to any business venture he undertakes. He is a firm decision-maker with a hands-on leadership style, as are all innovative entrepreneurs.
A thousand-mile journey is said to begin with a single, progressive step. Mr. Shirodkar took the crucial step in 1987 when he established Mailit, a division of Shirodkar Cargo Services Pvt. Ltd. in Mumbai. In his search for excellence, he began modestly in the Mailroom services industry, as did many of his self-made contemporaries.
It wasn’t an easy ride for him. But, guided by his unwavering desire to succeed, he embarked on a fruitful entrepreneurial journey in the 1980s, beginning with a daily wage of just INR 30 at Tata Motors. His dedication to excellence propelled him up the corporate ladder, and he soon found himself in charge of the Tata Group’s intra-office mail delivery operations.
Mailit – Operational Flow Process
First Mail Operation:
Pickup service is available at all Pin Codes that are serviceable.
First-mile operations at major metros need a dedicated team and fleet.
Processing and Connection:
Shipments are processed and linked at metros by processing units.
Streamlined processing to ensure that communications are made quickly and without any delays.
A large network of several co-loaders ensures timely connections by air, rail, and road.
Delivery:
Same day delivery attempt at every location
Constant follow-up to all locations is performed centrally.
Maintain an average delivery strike rate of >85% at all locations.
Average delivery efficiency is >94%, with overall returns of 6%.
Mailit – Name, Logo and Tagline
Mailit’ s logo consists of two ‘location-icons’ which clearly depicts its services.
Mailit Logo
Mailit – Vision and Mission
Mailit’ s vision statement says, “Unmatched Convenience at Best Price to deliver the full-service innovative dispatch management system to help you save on cost and time in addition to providing unmatched convenience.”
Mailit’ s mission statement says, “To deliver Superior Service Experience through our bespoke Mailroom Management services at an affordable price in a quick turnaround time.”
The Mailit business strategy is to create India’s first digitally integrated logistics and mailroom solutions (IL&MS) platform, which will provide much-needed convergence, performance, and exposure to a fragmented market.
Mailit’ s IL&MS is a digital interface that integrates Mailroom Management, Logistics, and Distribution. Mailit aims to transform the logistics landscape by consolidating the entire supply chain, enabling seamless end-to-end delivery with real-time visibility, and thereby lowering overall logistics and transportation costs.
The business provides customized delivery of a variety of packages. It also involves both domestic and foreign bulk dispatch of documents and parcels. In Print and Post facilities, the company collects variable data from customers, which is then processed using cutting-edge technology to print, stamp, and mail documents on their behalf.
Mailit – Partners
Mailit’ s partners include Bluedart, Gati, First Flight, DTDC, FedEx, htc, Track On, and The Professional Couriers.
Mailit – Competitors
Mailit’ s competitive set include these competitors:
In the next five years, Mailit expects to open 500 mailrooms across India, as well as fully automated warehouses and distribution centres. With the government reiterating its commitment to strengthening the infrastructure sector, Mr. Ratan Tata believes the Mailit IL&MS platform will bring in cost optimization, build operational efficiencies in the supply chain and create employment opportunities across India.
Mahesh Shirodkar, Founder & CMD of Mailit, commented on Mr. Tata’s investment, saying, ““We are truly thankful to Shri Ratan Tata for showing faith in us and investing in Mailit. It opens up a wider growth prospect for us and we intend to scale up the operations across geographies. With our state-of-the-art operations and trained professionals backed by the use of the most innovative technologies available today, Mailit expects an upward trajectory from here on.”
Mailit – FAQs
What does Mailit do?
Mailit is a pioneering dispatch aggregator company headquartered in Mumbai that provides customized parcel delivery and mailroom management services.
Who founded Mailit?
Mahesh Shirodkar founded Mailit.
Which company owns Mailit?
Mailit is subsidiary of Shirodkar Cargo Services Pvt Ltd.
What companies do Mailit compete with?
Mailit’ s competitive set include these competitors: Fareye, Shadowfax, Loginext, Locus, ElasticRun, 4tigo, and Leap India.
“City of Dreams”, as many people express Mumbai, is a place that helps bring dreams to reality. Angel Investors are one of the means for you, to help achieve your dreams. Thereby, find the list of Angel Investors in Mumbai and get an insight on their specific Market Interests, Contact details and Major Investments. It is also essential for you to clear certain Myths about Angel Investors. We are here to help you out on all of it.
Mumbai isn’t just the well-off city, but the Economic Hub of India, that has various Industrialists, CEOs, Entrepreneurs, Well-known companies, Directors, Producers, Artists, and what not! The place ‘Mumbai‘ has its own culture and architecture that makes it the spot of tourist attraction. Well, a place that is full of life and energetic minds, requires a guide and a financial supporter to enthusiastic people, for building up the initial base of their dreams. Thus, here comes the Role of Angel Investors who act as wizards for breeding minds to help them act upon their dreams.
Before, moving ahead to get insights on Angel Investors, Lets’ understand the Pre-built Myths about Angel Investors and the Reality Strike.
Myths vs Reality of Angel Investors
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Arihant is the MD at Ideaspring Capital (an early-stage VC) and Hive Technologies (platform for launching startups in big data space). He acts as the MD at Patni Financial Advisor and as a Director of Nirvana Venture Advisors. An Entrepreneur, Financial Advisor, and Venture Capitalist, Arihant completed his B.Sc in Chemical Engineering from the reputable University of Pennsylvania and MBA from Babson College, with concentration in Entrepreneurship. He also did a Masters in Statistics from Columbia University.
Anupam Mittal is the Founder & CEO of People Group, which has created ventures like Shaadi.com, Mauj Mobile, and People pictures. He is one of the prominent angel investors in Mumbai with over 20 investments. He completed his studies in Commerce field from the esteemed Boston College. Before People Group, he served as the Product Manager at MicroStrategy in Washington.
Ratan Tata, one of the most influential business tycoons of India, is an investor & philanthropist. He is the recipient of India’s esteemed awards Padma Vibhushan and Padma Bhushan for his immense contribution to the country. He was associated with advisory boards for various companies like Mitsubishi, Temasek, JP Morgan Chase, and Rolls Royce. He serves as the former Chairman of the Tata Group. He completed his Bachelor of Arts from the esteemed St. Xaviers College, Mumbai.
Markets Interested
Digital Media, Education, Healthcare, Ecommerce, Technology
Anirudh, the MD at Artha India Ventures (an early-stage investment firm) is an energetic investor in startups and also a prominent member of the Indian Angel Network. He has a vast understanding and experience of the Indian Startup Ecosystem. He is always on a hunt to find new ideas and accept new challenges. Before Artha Ventures, he acted as the Investor director at FindUrClass and Klip.in. he obtained his Bachelor Degree in Economics & Business Administration from the esteemed Austin college
Zishaan is a successful entrepreneur and a prominent angel investor. He is the Founder and CEO of Toppr, an online education platform. Before getting associated with Toppr, he also co-founded a Phone commerce marketplace Chaupaati Bazaar, which was later acquired by the Future Group. He has also worked with Opera Solutions on various strategies and consulting projects. Being a graduate from IIT Delhi, in 2015, he was awarded the Young Alumni Achiever Award.
Anand Mahindra, the Chairman of Mahindra group, is a reputable businessman and also an active investor in emerging startups. He founded Project Nanhi Kali, an NGO that provides financial and academic support to underprivileged girls across India. He was included in the Fortune Magazine’s List of ‘World’s 50 Greatest Leaders’. He did his MBA from the reputable, Harvard Business School.
Anand Mahindra’s Investments
Thinkerbell Labs, Local circles, among many others.
Kunal, the Co-founder of FreeCharge (Online mobile recharge platform), is a successful entrepreneur, mentor, and among the top angel investors in Mumbai. He acts as an active advisor at AngelList. He is also the Founder of CRED, Advisor to the board at Times group, and had been an advisor at Sequoia Capital.
Sandeep Tandon, the Co-founder of FreeCharge (Online mobile recharge platform), is an active angel investor in Mumbai. He has invested in and mentored various early-stage startups. Being the Member Board of Directors at CRED, partner at Whiteboard Capital, Non-executive chairman of Aavas Financiers, and the Member of Board of Advisors of Iron Pillar, Sandeep got exposure to various domains. He completed his studies in Engineering from the esteemed University of Southern California.
Markets Interested
Digital Media, Ecommerce, B2B, Online Marketplaces, Matrimonial, Healthcare
Sandeep Tandon’s Investments
Pocket Aces, Bharat Bazaar, ShaadiSaga, Flyrobe, Spinny among many.
Sanjay, the Director of CORE (Centre of Recognition and Excellence), is a prominent angel investor of Mumbai. He was the recipient of the “Angel Investor of the Year” award by LetsVenture in 2017. He is an active member of Indian Angel Network, Mumbai Angels, B2B 1K Ventures & CIO Angel Network, Venture Nursery. He has angel invested in more than 100 startups in diverse sectors. He did his Executive education in Venture Capital from the esteemed The Wharton School.
Ronnie, the Co-founder & Chairman of upGrad and also the Founder of Unilazer Ventures, is an entrepreneur and an experienced angel investor. He is also famous for the creation of UTV, leading Mass media aggregate. He did his Bachelor’s degree from the Sydenham College of Commerce & Economics.
Jitendra, the Founder of Citrus Pay, Jupiter, Lazy pay & MD of PayU India, is a well-experienced angel investor. He has got expertise in the field of Banking & Financial Services industry. Before Citrus, he was associated with ICICi Bank and as the Chief Manager of Global Investment Banking Group.
Vishal, the Founder & CEO of GOQii (platform from health and wellness solution), Vishal Gondal, is an entrepreneur cum angel investor. He has acted as a major contributory in modifying the journey of many startups. Believing in leading and motivating startups to get extraordinary results, Vishal expresses the importance of extra effort & commitment Before, he was associated with the Walt Disney Co. and India Games Ltd.
Haresh, Partner at True North (Private equity firm), is one of the active investors in the Indian startup ecosystem. He is an alumnus of the reputable IIT Bombay & IIM Calcutta. Earlier, he had been associated as a Group CEO at Viacom18 & Network18. He also acted as the General Manager of Times Group & the Amitabh Bachchan Corporation.
Ajeet Khurana, the Former CEO of Zebpay (Mobile wallet for cryptocurrencies), is an entrepreneur and angel investor. He is skilled in building teams, ensuring performance, scaling, digital strategy, planning, and negotiation. He was also associated as an Advisor at Kalaari Capital, a Consultant at ii5 Ventures ltd and as the CEO of IIT Bombay’s business incubator: SINE. He completed his MBA from The University of Texas at Austin.
Markets Interested
Cryptocurrency, E-stores, Fashion, Technology, Digital Media, Healthcare
Ajeet Khurana’s Investments
Medd, WittyFeed, Leaf Wearables, Stitchwood among others
Sanjay, an Operating Partner at GSF India (Venture capital firm & accelerator), is a wise mentor and an active angel investor. His portfolio is majorly composed of tech startups. He also acts as an Independent Director at Easy Home Finance Ltd. Earlier, he served as the President & CMO at Reliance Capital and also as the Marketing Head at Allianz Life Insurance. He excels at negotiations & alliances.
Anuj, the Co-Founder of Venture Catalysts (Start-up Incubator) & Samyakth Capital (Hybrid growth fund), is among the prominent angel investors in Mumbai. He has over 15 years of experience across various fields which includes real estate, financial services, manufacturing, and internet companies. By profession, he is a chartered accountant.
Markets Interested
Digital media, Cryptocurrency, Fintech, Ecommerce, Education, Real Estate
Anuj Golecha’s Investments
LenDenClub, Inc42, Koinex, Fynd, Supr Daily, Bharatpe among many.
Japan, the Co-Founder & Managing Partner at Sixth Sense Ventures, is a well-experienced angel investor. He has mentored and invested in various Indian startups and helped them in their journey of growth & development. He is also the Chartered Member of TiE Mumbai. Earlier, he served as the Director at IDFC Investment Advisors Ltd.
Anand, the CEO at Everest Flavours ltd., is an active member of the Indian angel network and Mumbai angels. He has got immense experience in International Trade.
He is also member of National Executive Committee of FICCI (Federation of Indian Chambers of Commerce and Industry), Managing Committee of FIEO (Federation of Indian Export Organisations). He has his footprints set on various social and charitable organisations.
Amit, the Co-Founder & Director of Raay Global and also the Chairman of Nirvana Venture Advisors, is a prominent angel investor in the Indian startup ecosystem. Additionally, he is also a promoter shareholder of Patni Computers and former Director of PCS Technology Ltd., Partner at The Hive-India & Ideaspring Capital. He holds a Bachelor in Commerce and an MBA from Babson College, Boston.
Vaibhav, he is a partner at Karnavat & Co and a prominent angel investor. In addition to that, he is a partner at Itreat Grocers LLP and also acted as CEO of Jewelex International Pvt Ltd. He did his Bachelor of Commerce in Accounting & Finance from the H R College of Commerce & Economics and is Chartered Accountant by qualification.
Dr. Apoorv, the Co-founder & President of Venture Catalysts, is one of the prominent angel investors in Mumbai. He also acts as the Board member at TiE Mumbai. Earlier, he served as the Vice President of Indian Angel Network and as the General Manager at Amity Innovation Incubator. He did his Ph.D. in Incubation from Amity University, Graduated in Engineering from HBTI, Kanpur, and Diploma in Mentor Studies of Berkley Institute of Management, University of California, USA.
Rajeev, the Founder of Magnetic Partners, is a well-experienced angel investor in the Indian start-up ecosystem. Earlier, he acted as the CEO & MD of JM Financial Services.
Pravin, He is the General Partner at Seedfund (Early-stage venture capital fund) and the owner of the Infinity Technology Venture Fund. In addition to that, he acts as the Board Member of TiE Mumbai and as an Advisor at Aavishkaar India Micro Venture Capital Fund.
The Founder & Director of Malpani Ventures, Dr. Aniruddha, is a doctor-turned angel investor. He also acts as the Director at Solidarity Investment Advisors and the Board member of Invention Labs.
Aakrit, the Co-founder & CEO of Haptik (Conversational AI Platform), is an entrepreneur and an active angel investor. He is also the co-founder of Flat.io, a real estate platform and the Director of Winmark Enterprises Earlier, he served as the director at Flurry Inc., Business Technology Analyst at Deloitte Consulting LLP and as a Financial analyst at Chicago Transit Authority.
Markets Interested
Education, Technology, AI, eCommerce, Healthcare
Aakrit Vaish’s Investments
Unacademy, ION Energy, Dataweave, Haikujam, Tookitaki, Talent Litmus among others
Bharat, the CEO & Senior President of Aditya Birla Group, is an active member of the Indian Angel Network, CIO Angel Network, Venture Nursery, and The Indus Entrepreneurs. He is an experienced person in varied fields like Strategy, Mergers & Acquisitions, business development, and investing. He is the recipient of the “Professional Achiever – Finance Sector” Award from the ICAI.
Bharat Banka’s Investments
OYO, Perpetuiiti Tech, Invenzone, TalView, Vegayan, AdStringo, InstaSafe among others
Devesh Chawla, Founder & CEO of Chatur Ideas, a Startup enabling platform. He is an active investor, TEDx speaker, and mentor to budding entrepreneurs. He is a recipient of various awards which includes “Youth Leadership Award” by Trade Commissioner of Canada, “Mahatma Gandhi Samman Award”, “Entrepreneur of the Year 2018″ and “CEO of the Year 2019”
He did his MBA in Finance and Insurance from the Mumbai Education Trust-Institute of Management and his Bachelor’s Degree in Computer Engineering from the Rajiv Gandhi Institute of Technology.
Devesh Chawla’s Investments
NUOS, Cloudrino, Hublio, Koonk Technologies, and others.
Vikram, the Founding partner at 8i Ventures, is a prominent angel investor. He also acts as the Board Advisor to Blue Tokai and Signzy, and the co-founder & Board Member of Eight Capital. He did his MBA in Accounting & Finance from the New York University, MBA in Personnel Management & Industrial relations from the XLRI Jamshedpur and Bcom in Finance from the Shri Ram College of Commerce.
Farooq, the Co-founder of Fynd (Online Shopping Platform), is an entrepreneur and an active angel investor. He is a graduate from the IIT Bombay and also was associated with Opera Solutions before founding Fynd. He is an alumnus of the esteemed IIT Bombay.
Abhishek Shah, the Founder & CEO of Wellthy Therapeutics is a prominent angel investor in the Indian startup ecosystem. He did his MBA in Finance, strategy & Leadership from the Esteemed Indian School of Business.
Markets Interested
Consumer Internet, Enterprise Software, E-commerce, IT, Food & Beverage, AI, Healthtech, Big Data
Abhishek’s Investments
Bizly, ZipDial (Acquired by Twitter), Innerchef, Haptik, Greatist, Silverpush, Meddo Health, myUpchar.com, Doxper, among many
Sohil is an Early stage investor and a prominent entrepreneur. With experiences in firms like Bank of America, Fortune Financial Services & Intellecap Impact Investments, he has explored his field of interest with enthusiasm and curiosity. He completed his MS in Finance from The University of Michigan.
Bhavik, the Founder & Chairman of Vamaship (India’s largest e-commerce logistics marketplace), is a focused investor & entrepreneur. He also serves as a Director at BVC ventures. Being a part of various angel networks, he has gained exposure in several tech enabled startups. With regards to academic exposure, he was part of Harvard, London School of Economics, Indian School of Business, Singularity University & Narsee Monjee.
Markets Interested
Mobile Advertising, Social Media, Digital Media, Transportation, Logistics, E-commerce, Travel & Tourism, Software Technology
Siddharth is the Founder & CEO of Noesis.tech. He was also the founding partner at 369 Solutions. With a keen passion for technology, Siddharth constantly attempts to create a platform to monetize knowledge.
Being associated with Protiviti India & StyleCracker as Consultant and Advisor at Umoja & FoxyMoron Media Solutions, he gained immense experience and exposure in his field of domain.
This was our list of Angel Investors in Mumbai. Hope the contact details of these Angel Investors helped you! If you are an investor or know any Angel Investor in Mumbai, connect with us at shubham@startuptalky.com to get featured in the list.
Damini Bhandary
