DELHI, November 27, 2015 /PRNewswire/ --
India's most valued cold chain logistics company, ColdEX has been awarded as 'India's Best Cold Chain Logistics Service Provider' for 2015 at the recent Indian Logistics Voice of Customer Awards 2015, by Frost and Sullivan. This is the second year in a row that ColdEX has been conferred the award. ColdEX has received the highest ratings from customers for its performance across evaluation parameters, including logistics expertise in the target industry. It constitutes reputation of the cold chain service provider; network reach, a number of service locations and staff services.
ColdEX has made considerable investments in technology and innovation and provides customised solutions to its clients in various industries like QSR, confectionery, pharma, retail, FMCG and agriculture. The company offers an end-to-end distribution service comprising of primary transportation, warehouse, secondary and tertiary transportation, as well as other value add services. The logistics service provider (LSP) has a fleet of 825 vehicles, handled through its TMS (Transport Management System) and FMS (Fleet Management System). ColdEX has started investing in building world class Distribution Centres (multi-temperature high-velocity cold storages); the first such state-of-the-art facility has come up in Kundli (Delhi). The LSP has been growing at a CAGR of 35 per cent. Its network covers the entire nation with a presence in over 55 cities and towns, from Guwahati and Agartala in the East to Kutch in the West and from Jammu in the North to Trivandrum in the South. Its large fleet of reefer containers ranges from a sub-one tonne to a twenty-five tonne.
Sunil Nair, CEO, ColdEX, said, "We are extremely happy to receive this award second year in a row. This award re-enforces our commitment towards building a world class organisation. We are thankful to our customers who have reposed their trust in us."
Frost & Sullivan's Voice of Customer award recognize companies throughout a range of regional and global markets for superior leadership, technological innovation, customer service, and strategic product development. Frost & Sullivan's industry analyst team benchmarks market participants and measures their performance through independent, primary interviews, and secondary industry research in order to evaluate and identify the best company.
Frost & Sullivan's intent is to help drive innovation, excellence and a positive change in the global economy by recognizing best-in-class products, companies and individuals.
ColdEX is a leading integrated cold chain logistics company providing end-to-end customised supply chain solutions to the client. ColdEX serves leading brands, catering to almost all industries from QSR chains, confectioneries, food processing units, pharmaceutical, meat, poultry, fruits and vegetables, etc. Presently, ColdEX has six warehouses (five leased, one owned) and is in the process of increasing its cold storage capacity from 6,000 pallets to 30,000 pallets over the next 18 months. "We have a large reefer fleet of over 825 trucks and 1,500 drivers. To ensure last mile delivery where products are transported from distributors to consumers via two wheelers, ColdEX is augmenting its fleet of scooters from 10 to 400.
ColdEX provides cold chain solutions to some of the largest international brands operating in India, including Subway, Domino's Pizza, Starbucks, KFC, Yum! Brands, which operates KFC, Pizza Hut, and Taco Bell in India. Apart from QSRs, ColdEX also has the presence in the field of pharmaceuticals, fruits, and the confectionery industry with clients like Nestlé India, Hershey India, Amul, Kwality Wall's, and GlaxoSmithKline. The company has a top-line of about INR 200 crore, and sales are growing at 35 per cent annually in the last five years.
Jefferies & Bain