News / Patel Logistics eyes ambitious e-commerce network to meet booming demand in India

India-based Patel Integrated Logistics has unveiled hugely ambitious plans to open scores of distribution facilities dedicated to the country’s fast-growing e-commerce sector within the next six months.

The Chennai-headquartered company this week reported its nine-month results, which showed net profit had increased some 67% to US$894,000, despite a decline in revenue, due partially to the devastating floods that paralysed logistics operations in the city.

Revenue for the first nine months totalled $57.1m, with $18.5m for the most recent quarter, representing year-on-year declines of 14.2% and 3% respectively.

Company vice ...