Crystal Logistic Cool Chain Ltd. is ramping up its network by enhancing both – storage capacity & transportation network. The expansion is funded by its first ever PE fundraise.The company recently raised $10 million (Rs. 66 crores) from Neev Fund.
With Neev funding, the USP that Crystal Group wanted to create as a strong east and north-eastern player in the country will get accelerated. By 2018 Crystal Groupis going to build six more warehouses, one each at Bhubaneshwar, Indore, Ghaziabad, Siliguri, Ranchi ,Raipur and doubling capacity at Kolkata warehouse. The first three will have 6,000 pallet capacities each and the last three will have 3,000 pallet capacities each.
Crystal Logistic Cool Chain Ltd in partnership with Titan Containers, UK has launched an easy to use cold chain solution for the Indian market. The Solution, marketed as “Crystal Titan Containers” are unique portable cold-stores set to operate its brings in 27 years of Portable Cold Storage solutions for the temperature ranges between (-) 40 Deg To (+) 30 Deg Centigrade.
Mr. Akash Agarwal, CEO,
Crystal Logistic Cool Chain Ltd
Mr. Akash Agarwal, CEO, Crystal Logistic Cool Chain Ltd. said that “This industry is poised to grow exponentially in the next decade and we are poised to make a transformational impact ready to ride this growth”
Investment in technological innovations (including sensor based electronics systems) & strategic partnerships with foreign players demonstrate the company’s strong intent to solve the cool-chain challenge in India. The partnership with Titan, UK to build & launch the Crystal Titan Containers is one such example.
The company has announced the launch of 2 variants of the containers:
Arctic Stores – A more compact version available in 10’, 20’ & 40’ sizes.
Arctic Superstores – Suited for larger installations
Crystal Logistic Cool Chain Ltd strong understanding of India’s acute weather driven inventory spoilage situation, led it to focus & invest heavily in cold-chain solutions. A cold chain or cool chain is a temperature-controlled supply chain which operates under specific controlled environmental parameters (such as air quality, humidity, quantity of oxygen and carbon dioxide etc.). Such a solution is integral to the pharmaceutical and food industry.
One of the biggest challengesfaced by the food and pharmaceutical industry in India is spoilage due to hostile environmental conditions. Such a situation necessitates the requirement for an integrated cooling chain that will ensure refrigeration of perishable goods in warehouses as well as during transport said Mr. Akash Agarwal
Mr. Akash Agarwal (CEO- Crystal Logistic Cool Chain Ltd) also said that “we solve customer capex and there worries for maintenance and cost of capital. We solve storage issues, temperature issues and help them to grow their business by keeping their inventories in their compound free space. No worry for additional cost for transportation, labour, damages and pilferages”
Crystal Groups’ business solutions include end-to-end, multi-temperature, multi-user logistics solutions backed by cutting edge technological innovation. The end-to-end solutions include refrigerated and dry – primary and secondary – transportation, refrigerated warehousing, third-party logistics (3PL), portable cold storage and value-added services.
The company, which started out as a transport company in 1962 has indeed come a long way since their humble beginnings. Crystal Logistic Cool Chain Ltd.began their cold chain operations in 2001.
Crystal Group dedication to solving the customers cold chain needs is summed up well in their mission statement: ‘To remain and become customer’s preferred choice in the cold chain logistics industry by providing high quality services at cost effective prices’.
Today the company’s solution driven mind-set and technology investments has resulted in aclient base (includingpopular milk & dairy brand, a couple of renowned international QSRs, pharmaceutical companies, fruits & vegetable networks as well as paints and chemical companies).