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BCCL picks up stake in Airex Logistics & Express

Bennett, Coleman & Co Ltd (BCCL) has picked up stake in a private company, Airex Logistics & Express Services. Airex specializes in serving courier, cargo, warehousing & distribution and other express logistics needs of banking, financial institutions, pharmaceuticals that includes cold chain products, electronic manufacturers and insurance companies across India.

Airex Logistics offers express courier services and cash management services for various leading multinational and locals banks and insurance companies of companies which lay a lot of stress on safe, guaranteed and timely delivery of documents.

Highlighting its presence in the retail industry, Airex has tied up with a renowned chain of retail stores to provide facility counters across outlets where customers can send and receive couriers at competitive rates. Airex has also taken up distribution of merchandise for leading brands.

Since 2006, Airex has diversified into surface and air express cargo for auto, auto ancillary, telecom, IT products distribution and services.

M A Hakeem, director, Airex Logistics, said, “Entering into a tie-up with BCCL is the beginning of a new era in various fields with a considerable emphasis in the world of media & communication & Airex Logistics will further strengthen its position in the hearts of corporates.”

Source: Economic Times

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