&w=3840&q=100)
Triton Logistics aims to grow turnover to ₹500 crore in 2 to 3 years
Triton Logistics & Maritime is aiming to increase its turnover to Rs 500 crore from the current Rs 150 crore in the next two to three years, its CEO Jitendra Srivastava said on Friday.
"Triton is still in a very early stage. Right now, we're touching around Rs 150 crore in turnover. The aim is to scale this up to Rs 500 crore in the next two to three years," the CEO said.
The company which specialises in freight forwarding, logistics, and global supply chain management with end-to-end solutions plans to scale up its turnover by investing into a lot of services and solutions, he said.
"Our business plan is focused around two main pillars - geography and industry. On one hand, we are looking at which geographies we want to expand into, on the other hand, we are identifying industries where we can deliver tailored solutions," he explained.
Apart from that, the company is putting a lot of effort into digitalisation and that's a major area where Triton Logistics & Maritime is investing heavily.
"The goal is to stay close to the business and provide solutions that are driven by technology. That's a very significant part of our growth strategy," he said.
There are three to four industries where the company is strategically focused, the CEO said.
"Pharma and healthcare is one of them. Then we are also looking at automotive components and chemicals, both dangerous (DG) and non-dangerous (non-DG)," he said.
The logistics needs of every product and every industry is different, and the company is customising its solutions accordingly.
"The US is one of our strongest and most strategic markets...The Gulf is another strategic region for us," he said. Triton Logistics & Maritime delivers expertise in end-to-end logistics and supply chain services.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
34 minutes ago
- Time of India
CBI files graft case against Jawaharlal Nehru Port Trust , Tata firm
MUMBAI: CBI has filed a case against Jawaharlal Nehru Port Trust officials and Tata Consulting Engineers, a project management consultant, for allegedly causing Rs 804 crore loss to govt in contracts to increase depth of the channel for large cargo ships. CBI was carrying out searches at several premises at the time of going to press, report Vijay V Singh & Reeba Zachariah. The FIR mentions "preparation of inflated estimates, restriction of competition to favour international bidders, extension of undue favour to contractor & suppression of reports of independent organisations". The FIR was registered against ex-JNPT chief manager Sunil Kumar Madabhavi, TCE and its project director Devdutt Bose, BoskalisSmit India LLP, Jan De Nul Dredging India Pvt Ltd, and other unidentified individuals. It says the loss was spread over the dredging project's two phases - 2003-14 and 2013-19.
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
CBI books ex-officials of TCE, JNPT in ₹800 cr ship channel dredging scam
The Central Bureau of Investigation has filed a case against former officials of Jawaharlal Nehru Port Trust (JNPT) and Tata Consulting Engineers (TCE), and two dredging companies over alleged irregularities worth over Rs 800 crore in the Capital Dredging Project to deepen ship navigational channels near Mumbai, officials said. The agency took the action after a three-year-long preliminary inquiry to look into the allegations of inflated estimates, throttling of competition to favour international bidders, extension of undue favours to contractors, and suppression of reports of independent expert organisations. In its FIR, the CBI has booked the then chief engineer of JNPT Sunil Kumar Madabhavi, then project director of TCE, Devdutt Bose, Boskalis Smit India LLP, Jan De Nul Dredging India Pvt Ltd and other unidentified public servants under IPC Section 120-B (criminal conspiracy), 420 (cheating) and provisions of the Prevention of Corruption Act. After the FIR was registered on Wednesday, the CBI conducted searches at five locations in Mumbai and Chennai, including the residence of Madabhavi, Bose and offices of private companies. The searches led to the recovery of a number of documents relating to the Capital Dredging Project, digital devices and documents showing investments made by public servants, a CBI spokesperson said. The documents recovered are being examined, she said in a statement. No immediate reaction was available from the accused companies. "The allegations of pecuniary advantage obtained by the private companies as a result of abuse of official position by the JNPT officials resulting into a huge wrongful loss to the exchequer, spread over the period from 2003 to 2014 (phase-I of the project) and 2013 to 2019 (phase-II of the project) was also inquired," the CBI said in the FIR. The inquiry showed a criminal conspiracy between JNPT officials and other private persons, including an official of Tata Consulting Engineers, and others, which resulted in wrongful loss amounting to Rs 365.90 crore for phase-I and Rs 438 crore for phase-II to JNPT due to over-dredging. The case pertains to a project envisaged by the JNPT to deepen and widen the navigational channel it shared with the Mumbai Port in 2003 to cater to the needs of larger size cargo ships. TCE was roped in for preparation of a final report on the planning for dredging activities for the Capital Dredging Phase-I project, which was submitted in 2010 in association with Dredging Solution. TCE was also awarded the work of project management consultant for the project, including preparation of the tender documents and work of supervising the execution of the project, the FIR alleged. The CBI during its preliminary inquiry found that JNPT officials along with TCE executives kept tender conditions to favour foreign bidders, and violated the guidelines of Competition Commission of India by allowing complimentary bidding, and allowed the formation of the joint venture by solely eligible bidders Boskalis Smit India LLP with Jan De Nul Dredging India Pvt Ltd (also known as BSI-JDN JV). The CBI inquiry also showed violation of a number of guidelines related to fixation of rates for dredging different type of rocks, delay in project, false claim of Rs 348 crore by the contractor without actual performance of work, excess payment of Rs 430 crore, and manipulation of the pre-dredge survey by using a less accurate software, 'Qinsy', among others.


Time of India
an hour ago
- Time of India
Summons sent to lawyer for his role as co's ind dir: ED
Representative Image NEW DELHI: Faced with criticism, Enforcement Directorate Friday said it issued summons to senior advocate Pratap Venugopal as part of its ongoing investigation against Care Health Insurance Ltd (CHIL) in which Venugopal was an independent director. ED's Mumbai zonal office is conducting a money laundering investigation in which it has been alleged that shares of CHIL were issued at a much lower price in the form of ESOPs on May 1, 2022, in spite of the rejection of the same by Insurance Regulatory and Development Authority of India (IRDAI). "As part of the investigation, summons was issued to Pratap Venugopal, an independent director of CHIL, to understand the circumstances under which the company has issued ESOPs despite its rejection by IRDAI and subsequent discussions in the board of CHIL in this regard," the agency said about the summons which it withdrew after protests by lawyers' bodies. In a statement, the agency emphasised that IRDAI on July 23, 2024, had directed CHIL to revoke or cancel any ESOPs that were yet to be allotted and had also imposed a penalty of Rs 1 crore on CHIL for non-compliance with regulatory directions. "In view of the fact that Pratap Venugopal is a senior advocate in Supreme Court, the summons issued to him has been withdrawn and the same has been communicated to him," the agency said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo In the said communication, it was also stated that if any documents were required from him in his capacity as an independent director of CHIL, the same would be requested to be submitted by email, the agency added. Further, ED has asked its units not to issue summons to lawyers, saying summoning them would be violative of Section 132 of Bhartiya Sakshya Adhiniyam, 2023. "If any summons needs to be issued under the exceptions carved out in proviso to Section 132 of Bhartiya Sakshya Adhiniyam, 2023, the same shall be issued only with the prior approval of the director, ED," the agency said.