Stock Report

Mahindra Logistics adds 10,000+ seasonal jobs ahead of festive season



Posted On : 2020-10-12 14:00:18( TIMEZONE : IST )

Mahindra Logistics adds 10,000+ seasonal jobs ahead of festive season

Mahindra Logistics Ltd. (MLL), one of India's largest Third-Party Logistics (3PL) solution providers is likely to inject the much-needed cheer back into job openings ahead of the upcoming festive season. While MLL has already employed 10,100 people on a seasonal basis, a significant number of these employees will be retained in various operations. In addition to this, the company takes pride to add 40% staff to its third-party workforce during the pandemic.

Keeping true to its five-year roadmap, the company is actively employing differently abled persons, ex-servicemen from the armed forces and bridging the gender diversity gap by hiring more women from various backgrounds and experience. In FY21, MLL aims to hire over 500 persons with disabilities both on its rolls and the rolls of its business partners.

Gender diversity remains a challenge, specifically in the logistics sector. To bridge the gap, Mahindra Logistics is one of the sector leaders to initiate a special initiative called - 'Udaan' - a second careers (comeback) program and second career internship program for women at all levels, functions and divisions. The company has already started hiring women under Udaan program and the plan is to take this number to 50 by 2021. MLL has recently started hiring associates from transgender community at their warehouse in Bhiwandi, Maharashtra.

Mr. Rampraveen Swaminathan, Managing Director and CEO, Mahindra Logistics Limited, said, "We encourage and value diversity amongst our employees, associates, business partners, customers and communities. It is therefore imperative to make MLL attractive for millennials, provide equal opportunity to women as well as persons with disabilities, recruit employees from diverse backgrounds like armed forces, and LGBTQIA workforce. We remain committed to our larger RISE purpose, by empowering these associates with skills which enables their long-term career development & employment" he adds.

MLL strongly believes that skill development is sacrosanct for a sustainable and independent workforce. In the last 2 years, the company has trained around 20,000 personnel (including drivers and warehouse operators) under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) scheme of the Government of India.

Shares of Mahindra Logistics Ltd was last trading in BSE at Rs.335.2 as compared to the previous close of Rs. 335.5. The total number of shares traded during the day was 769 in over 106 trades.

The stock hit an intraday high of Rs. 348 and intraday low of 333. The net turnover during the day was Rs. 259680.

Source : Equity Bulls

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