White Data Systems India (WDSI) Private Limited has launched iloads, an App based aggregator for the Indian Trucking and logistics sector that connects Load providers, Logistics Agents, Brokers and Transporters to improve the quality and service efficiency.
Cholamandalam Investment and Finance Limited is the leading investor with 65% stake. The move is aimed at driving tech innovation to solve the bandwidth issues & bridging the gaps in logistical capabilities in the Road Freight and Transport Sector.
Currently, iLoads' corporate headquarters is set up in Chennai with additional operational facilities in Bangalore, Coimbatore, Mumbai, Kochi, Hyderabad and Delhi providing a PAN India reach for transporting goods from these hubs.
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Promoted By Vellesh Narayanan and Vellayan Lakshmanan, WDSI is a private limited company in the business of providing freight data solutions. iLoads is the brand under which White Data Systems India(WDSI) Private Limited offers logistics solutions. WDSI was founded in April 2015 with headquarters in Chennai and primarily aims to organize the largely fragmented and unorganized Indian Trucking industry.
While sharing his strategic vision on bringing about a whole new revolution in the industry, Vellesh Narayanan, CEO & Managing Director, iLoads said, "The trucking business in India is fragmented. More than 70% of the country’s fleet is owned by truck owners who own five or less trucks each. Less than 10% of fleet operators own 15 or more trucks. With iLoads, our primarily goal is to build a seamless virtual network of the key stakeholders in the Road Freight and Transport Sector.
"Down the line, we hope to reach a milestone of having 10,000 trucks in our system and 1 lakh trucks by the end of 2020. Asset Light being our key mantra, we are pushing for aggressive expansion to about 10 hubs by April 2017"
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Adding on to the vision, Vellayan lakshmanan, Executive Director, iLoads, said, "The logistics firms today are moving from a traditional setup to the integration of IT and technology to their operations to reduce the costs as well as to meet the service demands. Technological innovations are critical to this sector, as the demand is always for more reach and faster shipping at lower costs and iLoads is well placed to capitalize on this opportunity of the logistics sector."
At present, the country’s logistics industry is worth $300 billion, according to the ‘Logistics Market in India 2015-2020’ by market researcher Novonous. In fact, the Indian logistics market itself is estimated to grow at a CAGR of 12.17 per cent by 2020 driven by the growth in the manufacturing, retail, FMCG and e-commerce sectors. And with logistics forming the base of this phenomenal growth trajectory, iloads sees a window of opportunities to create landmarks through its innovative and integrated solutions.