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Latest news about Mahindra Logistic

Mahindra Logistics Appoints Ankur Bansal as Head of Strategy Transformation 5 days ago

Mahindra Logistics Limited (MLL) has appointed Ankur Bansal as Head of Strategy Transformation and Senior Management Personnel, effective January 1, 2026. Bansal, currently Vice President - Group Strategy at Mahindra Group, brings over 13 years of experience including roles at Jio and Boston Consulting Group. He holds an MBA from IIM Bangalore, a B.Tech from IIT Kharagpur, and a Six Sigma black belt. The appointment, approved by MLL's Board of Directors, aims to enhance the company's strategic growth and operational efficiency in the evolving logistics sector.

Mahindra Logistics and L'Oréal India Launch India's First All-Women Operated Warehouse Nov 24, 2025

Mahindra Logistics Aims to Reduce Warehouse Whitespace by 95% by 2026 Oct 29, 2025

Mahindra Logistics Targets ₹14,000 Crore Revenue by FY27, Approves ₹50 Crore Investment in Subsidiary Oct 27, 2025

Mahindra Logistics Reports Full Utilization of ₹556.30 Crore from Rights Issue for Debt Repayment Oct 27, 2025

More news about Mahindra Logistic

27Oct 25

Mahindra Logistics Reports Mixed Q2 Results: Standalone Profit Amidst Consolidated Loss

Mahindra Logistics Limited (MLL) announced its Q2 and H1 FY2026 results. Standalone operations were profitable with Q2 revenue of ₹1,366.91 crores and PAT of ₹3.79 crores. However, consolidated results showed a net loss of ₹10.35 crores on revenue of ₹1,685.27 crores for Q2. MLL successfully completed a rights issue, raising ₹749.27 crores by issuing 2,70,49,301 shares at ₹277 each. The company paid a final dividend of ₹2.50 per share for FY2025. Supply Chain Management segment reported a loss, while Enterprise Mobility Services remained profitable. MLL also made strategic investments in its subsidiaries during the quarter.

03Oct 25

Mahindra Logistics Boosts Eastern India Operations with 400,000 Sq. Ft. Warehouse Expansion

Mahindra Logistics Limited has unveiled 400,000 square feet of new warehouse space in Eastern India as part of its 'Go-East' strategy. The expansion includes a 300,000 sq. ft. facility in Guwahati, Assam, which is the largest Grade-A multi-client warehousing facility in North-East India, and a 130,000 sq. ft. facility in Agartala, Tripura. These strategically located facilities aim to enhance connectivity, serve key industrial clusters, and support cross-border trade with Bangladesh. The expansion is expected to generate over 2,000 jobs and serve various industries including e-commerce, FMCG, pharmaceuticals, and automobiles.

26Aug 25

Mahindra Logistics Announces CFO Transition: Isha Dalal to Succeed Saurabh Taneja

Mahindra Logistics Limited (MLL) has announced changes in its leadership team. Saurabh Taneja, the current CFO, will step down on September 19, 2025. Isha Dalal has been appointed as the new CFO and Key Managerial Personnel, effective September 22, 2025. Dalal brings extensive experience from roles at Mahindra Group, Hindustan Unilever, and Multiple Private Equity fund. She holds an MBA in Finance from Columbia University. The transition was approved by MLL's Board of Directors, adhering to SEBI Listing Regulations.

19Aug 25

Mahindra & Mahindra Boosts Stake in Mahindra Logistics to 59.60% via Rights Issue

Mahindra & Mahindra Limited (M&M) has increased its shareholding in Mahindra Logistics Limited (MLL) from 57.97% to 59.60% through a rights issue subscription. MLL's Rights Issue Committee approved the allotment of 2,70,49,301 equity shares, with M&M acquiring 1,73,00,670 shares. This increased MLL's total equity share capital from 7,21,31,470 to 9,91,80,771 shares. Additionally, MLL approved investments in two wholly-owned subsidiaries: Rs. 263.86 crore in MLL Express Services Private Limited and Rs. 2.02 crore in V-Link Freight Services Private Limited, aimed at debt repayment.

11Aug 25

Mahindra Logistics Enters Premium B2C Segment with Alyte Launch

Mahindra Logistics has launched Alyte, a new service targeting the high-end business-to-consumer (B2C) transportation market in India. This strategic move expands the company's service portfolio and positions it to compete in the premium logistics segment. Alyte aims to revolutionize premium B2C transport operations across India, addressing the growing demand for high-quality, efficient logistics solutions in the consumer-facing market. This expansion is expected to diversify Mahindra Logistics' customer base, capitalize on market demand, and enhance its competitive position in the evolving logistics landscape.

25Jul 25

Mahindra Logistics Reports 14% Revenue Growth, Announces INR 750 Crore Rights Issue

Mahindra Logistics Limited (MLL) reported a 14% year-on-year increase in consolidated revenue to INR 1,625.00 crores for the first quarter. The company announced a rights issue of approximately INR 750.00 crores, with INR 556.30 crores earmarked for debt repayment. The Express business crossed INR 100.00 crore revenue for the first time but recorded a loss. MLL's warehousing segment revenue grew 18% to INR 306.00 crores, and EBITDA increased to INR 76.30 crores. The company reported a net loss of INR 10.80 crores for the quarter. New CEO Hemant Sikka outlined strategic priorities including reducing warehousing white space, restructuring consumer and manufacturing verticals, and continued investment in the Express business.

22Jul 25

Mahindra Logistics Reports 14% Revenue Growth in Q1, Express Business Crosses ₹100 Crore Milestone

Mahindra Logistics Limited (MLL) announced Q1 results with consolidated revenue up 14.4% YoY to ₹1,625.00 crores. EBITDA increased to ₹76.00 crores from ₹66.00 crores. Net loss widened to ₹10.80 crores. Growth driven by strong performances in 3PL, Express Business, and Last Mile Delivery segments. Express Business crossed ₹100 crore quarterly revenue for the first time. Warehouse space under management at 21.1 million square feet. New sites in Pune and Agartala went live. Management remains optimistic about future growth prospects.

22Jul 25

Mahindra Logistics Reports 14.4% Revenue Growth in Q1 FY26, Express Business Crosses ₹100 Crore Milestone

Mahindra Logistics Limited (MLL) reported a 14.4% year-on-year revenue growth to ₹1,625.00 crores in Q1 FY26. EBITDA increased to ₹76.00 crores, but the company recorded a net loss of ₹10.80 crores. The Supply Chain Management segment drove growth, with the Express business crossing ₹100.00 crore in quarterly revenue. The company expanded its warehouse space to 21.1 million square feet and opened new sites in Pune and Agartala. MLL also announced a rights issue to raise up to ₹749.27 crores at ₹277.00 per share.

22Jul 25

Mahindra Logistics Reports 14% Revenue Growth in Q1, Express Business Crosses ₹100 Crore Milestone

Mahindra Logistics Limited (MLL) reported a 14% increase in consolidated revenue to ₹1,625 crores in Q1. Contract Logistics grew by 18% to ₹1,289 crores, while B2B Express crossed ₹100 crores in quarterly revenue for the first time. Last Mile Delivery revenue increased by 11% to ₹97 crores. The company reported a consolidated PAT loss of ₹11 crores. Hemant Sikka has been appointed as the new Managing Director & CEO for a five-year term starting May 2025. MLL also approved a Performance Stock Unit Plan 2025 for up to 18 lakh stock units.

21Jul 25

Mahindra Logistics Reports ₹4,744 Crores Revenue, Announces ₹749 Crores Rights Issue

Mahindra Logistics Limited (MLL) reported a total revenue of ₹4,744 crores across its business segments at its 18th Annual General Meeting. The company announced a rights issue of ₹749.27 crores with an issue price of ₹277 per equity share. MLL's revenue breakdown includes Contract Logistics (₹358 crores), B2B Express (₹306 crores), Freight Forwarding (₹381 crores), Last-Mile Delivery (₹316 crores), and Mobility Services (₹316 crores). The company highlighted strategic developments including expansion of physical capacity to 21 million square feet, launch of Pro-Trucking long haul cargo solution, and implementation of AI/ML in warehousing operations. For the quarter ended June 30, MLL reported revenue from operations of ₹1,624.59 crores and a net loss after tax of ₹9.44 crores.

21Jul 25

Mahindra Logistics Reports Q1 Revenue Growth Amid Increased Losses

Mahindra Logistics Limited (MLL) reported a 14.40% year-over-year increase in Q1 consolidated revenue to ₹1,624.59 crore. EBITDA rose to ₹76.30 crore with a slight margin improvement. However, net loss widened to ₹10.80 crore. The Supply Chain Management segment generated ₹1,544.29 crore in revenue with a loss of ₹10.38 crore, while Enterprise Mobility Services contributed ₹81.85 crore with a profit of ₹4.60 crore. The company announced a rights issue to raise up to ₹749.27 crore, offering 2,70,49,301 equity shares at ₹277 per share with a 3:8 entitlement ratio.

17Jul 25

Mahindra Logistics Unveils ₹750 Crore Rights Issue Plan, Stock Jumps 5%

Mahindra Logistics Limited (MLL) has approved a rights issue to raise approximately ₹750 crores. The issue price is set at ₹277 per share, offering a 29% discount to the current market price. The rights entitlement ratio is 3 new shares for every 8 existing shares held. The record date is July 23, 2025, with the issue opening on July 31, 2025, and closing on August 11, 2025. The total number of shares to be issued is 2,70,49,301, potentially increasing the total share count from 7,21,31,470 to 9,91,80,771 post-issue. The company's stock jumped 5% following the announcement.

11Jul 25

Mahindra Logistics Approves ₹750 Crore Rights Issue for Debt Repayment and Growth

Mahindra Logistics Limited (MLL) has announced a rights issue to raise up to ₹750 crore. The funds will be used for repayment of borrowings and general corporate purposes. The company's Board of Directors has approved the issuance of fully paid-up equity shares with a face value of ₹10 each to eligible shareholders. This move aligns with MLL's growth strategy focused on integrated solutions, expanded offerings, digitization, and operational excellence. MLL currently manages 20.80 million sq.ft of warehousing space and serves over 400 corporate customers across various industries.

11Jun 25

Mahindra Logistics Expands Operations with New Warehouse for Cummins India

Mahindra Logistics Ltd (MLL) has set up a new warehousing facility in Phaltan, Maharashtra, specifically for Cummins India. This move expands MLL's warehousing capabilities and strengthens its strategic partnership with Cummins, a global leader in power solutions. The dedicated facility in Phaltan's industrial area aims to enhance supply chain efficiency and inventory management for Cummins India while showcasing MLL's ability to provide customized logistics solutions.

22Apr 25

Mahindra Logistics Reports 67% Surge in Q4 Profit, Mixed Results Across Segments

Mahindra Logistics reported a 67% YoY increase in standalone PAT to ₹13.12 crore for Q4 FY2025. Consolidated revenue grew 8% YoY to ₹1,569.51 crore, with contract logistics up 9%, cross-border logistics up 20%, and last mile delivery up 10%. The company saw an 11% YoY growth in consolidated revenue for FY2025. Warehousing services expanded by 15% YoY. The board recommended a final dividend of ₹2.50 per share and appointed Hemant Sikka as the new MD and CEO.

21Apr 25

Mahindra Logistics Reports Strong Revenue Growth in FY25, Appoints New MD & CEO

Mahindra Logistics Limited (MLL) reported a 10.9% increase in consolidated revenue to ₹6,104.83 crore for FY25. EBITDA improved by 24% to ₹284.00 crore, with the EBITDA margin expanding to 4.7%. The company's net loss narrowed to ₹35.85 crore. Supply Chain Management segment grew by 11.8%, while Enterprise Mobility Services declined by 3.8%. MLL announced a leadership change, with Mr. Hemant Sikka replacing Mr. Rampraveen Swaminathan as MD and CEO effective May 5, 2025. A final dividend of ₹2.50 per share was recommended.

21Apr 25

Mahindra Logistics Reports Narrower Q4 Loss, Revenue Growth in FY2025

Mahindra Logistics Limited (MLL) reported improved financial results for Q4 FY2025, with a reduced net loss of Rs 6.70 crore and an 8.2% YoY increase in revenue to Rs 1,570.00 crore. The company's EBITDA grew by 37.3% YoY to Rs 77.70 crore. For the full fiscal year 2025, MLL's consolidated revenue increased by 10.9% to Rs 6,105.00 crore. The company announced a leadership change, with Mr. Hemant Sikka set to replace Mr. Rampraveen Swaminathan as Managing Director and CEO on May 5, 2025. The board recommended a dividend of Rs 2.50 per equity share for FY2025.

17Apr 25

Mahindra Logistics Bolsters Leadership: Sandeep Kulkarni Appointed as Head of Fleet Businesses & Purchasing

Mahindra Logistics Limited has appointed Sandeep Kulkarni as the new Head of Fleet Businesses & Purchasing, effective April 17, 2025. Kulkarni, with over 20 years of experience in retail, e-commerce, logistics, and supply chain management, joins as Senior Management Personnel. The appointment aims to strengthen MLL's leadership and drive growth in fleet operations. Simultaneously, Vishal Sharma will no longer be designated as an SMP but will continue as Vice President – Transportation and Procurement.

05Mar 25

Mahindra Logistics Invests in E-commerce Subsidiary, Plans UK Subsidiary Dissolution

Mahindra Logistics Limited (MLL) has approved an investment of up to 350 million rupees in its e-commerce subsidiary, Mahindra E-commerce Services Private Limited (MESPL). Simultaneously, MLL is initiating the dissolution of its non-operational UK subsidiary, MLL Global Logistics Limited (MGL), with the process expected to complete by June 30, 2025. The investment in MESPL aims to strengthen MLL's position in the e-commerce logistics sector, while the dissolution of MGL reflects a focus on streamlining international operations.