Alphalogic Industries Ltd acquires Shree Krishna EngiCorp

With the emergence of the e-commerce sector in India, the warehouse industry is expected to reach a value of INR 2,028.86 Bn by 2025. At the same time, the fact is that the warehousing space per capita in our country is very low when we compare this with the developed economies. Thus, warehousing spaces have a pivotal role to play in the growth of the country's economy.

Sensing the demand of the warehouse sector in the country, Pune based Alphalogic Industries Limited now ventures into manufacturing of industrial racks and storage solutions. The company is a subsidiary of BSE-listed Alphalogic Techsys Limited, and has recently acquired the unit and assets of Shreekrishna Engicorp for an undisclosed amount. Alphalogic has onboarded Mr. Montu Gandhi and Mrs. Krishnna Gandhi as Executive Directors to run the operations of the storage and warehouse business unit of the company.

Welcoming Shreekrishna Engicorp to the Alphalogic family, the Founder and CEO of Alphalogic Techsys Limited, Anshu Goel states, "We will dedicate our efforts towards offering end-to-end storage solutions to the industries with a substantial focus on warehouse automation. With our core strength in the field of technology, we are capable of designing efficient solutions that will meet the demands and requirements of the burgeoning warehousing industry."

Alphalogic Techsys is a leading technology company and together with the expertise of Shreekrishna Engicorp in designing and manufacturing of Heavy duty racks, slotted angle racks, Compactors, Staff Lockers, Books Shelves, Filings Cabinets, etc., the warehousing sector in Indian is going to witness a significant boost in terms of storage efficiency, improved inventory management, order management and speedy delivery of goods.

The company has been working on setting up warehouses for Swiggy, Autobahn Trucking, Saint Gobain, P. N. Writers among others. According to Anshu, the new company is fully capable of providing end-to-end solutions in setting up dark warehouses for the e-commerce companies. They have been working aggressively for Swiggy to set up dark stores across India.

Alphalogic is working actively to design the warehouse management system (WMS) with cutting-edge features. Some of the features of their WMS, like 3D modeling of the storage arrangement, will give the precise dimensions and measurements of the warehouse and its inventory. The company also boasts of its automated storage system with the computer-controlled equipment that speed up the product management and the picking process. These technologies improve the speed and efficiency of warehousing, which is quite essential for dark warehousing.

Shares of Alphalogic Techsys Ltd was last trading in BSE at Rs. 37.45 as compared to the previous close of Rs. 37.35. The total number of shares traded during the day was 7316 in over 57 trades.

The stock hit an intraday high of Rs. 39.00 and intraday low of 34.20. The net turnover during the day was Rs. 274199.00.

Source : Equity Bulls

Keywords

AlphalogicTechsys AlphalogicIndustries IndustrialRacks StorageSolutions Warehouse Acquisition ShreeKrishnaEngiCorp