Warburg Pincus to invest up to $100 mn in Continental Warehousing, Nhava Seva

The NDR Group (NDR), one of India’s leading logistics service providers, announced that an affiliate of Warburg Pincus, the global private equity firm, is making an investment of up to US$100 million in NDR, for a minority ownership stake in its flagship company, Continental Warehousing Corporation (Nhava Seva) Limited (CWCNSL). This investment by Warburg Pincus will enable CWCNSL to fund the expansion of its businesses and strengthen its position as an end-to-end logistics solutions provider by developing rail-linked inland container depots at various locations across the country. Certain existing minority investors will also divest part of their ownership stake to Warburg Pincus as part of this transaction.
 
“Since its establishment in 1954, NDR has developed a world-class logistics business with a strong pan-India presence. NDR is one of the largest warehouse providers in the Indian private sector, with the distinction of establishing the first private bonded warehouse in India. Over time NDR has evolved into a diversified logistics company, with activities spanning container freight stations (CFS), inland container depots (ICDs), port operations, warehousing, third party logistics (3PL), transportation, and express cargo. NDR handles container and bulk cargo and provides contract logistics services to a blue chip customer base across 50 locations comprising over 10 million sq. ft. of storage space in India,” a company statement said.
 
According to N Adikesavulu Reddy, Chairman, NDR Group, “The NDR Group has grown to be one of the leading end-to-end logistics solutions providers in India, acknowledged for the trustworthy and reliable support it brings to clients. We are confident that our new partnership with a global private equity firm such as Warburg Pincus will help us rapidly develop, create and offer the best feasible national network of logistics infrastructure facilities in India.”

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