Stellar Value Chain Solutions ramps up warehousing capacities by 2 million sq.ft.

Mumbai, June 5, 2023: Stellar Value Chain Solutions, one of the largest tech-enabled 3PL warehouse and distribution solutions provider, has added 1.5 million sq. ft. warehousing space (Distribution Centres) at Bhiwandi and 0.5 million sq ft. at Banur, Punjab. After this expansion, the total warehousing capacity of Stellar Value Chain Solutions has risen to 16 million sq. ft. 

A press release issued by the company says that, it plans to roll out 5 million sq. ft. of warehousing operations every year and is in the process of raising funds (primary capital) of upto Rs.400 crore for further growth and expansion. 

Stellar has also released a new RFQ of 10 million sq. ft. of total Logistics space to be developed either through the BTS (Built to Suit) route or the RTM (Ready to Move) route as the need may be over the next two years. 

Commenting on the roll-out of the warehouse operations, Anshuman Singh, Chairman & Managing Director, Stellar Value Chain Solutions Pvt. Ltd. said, “We are proud to have partnered with one of the giants in the Consumer Durable sector. With the launch, we have taken over a major part of their supply chain including pan India Distribution Centres located at Bhiwandi and Banur and two Regional Distribution centres. We are happy that our persistent engagement with this customer over the last two years proposing and solutioning multiple supply chain networking options has finally borne fruit.  With the seamless takeover of the multi box warehousing operations in less than a week at Bhiwandi and Banur, we have lived up to our customers trust and demonstrated our proven competency to offer tech-enabled, customised and broad-based supply chain management services with great speed‘.

Located at Bhiwandi and Banur, these Distribution Centres are spread across 2 million sq. ft.