Mahindra Logistics to acquire Rivigo’s B2B express business~Acquisition will accelerate capabilities in B2B Express Logistics

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Mumbai, 26 September 2022 (GNI): Mahindra Logistics Ltd. (MLL) and Rivigo Services Private
Limited (RSPL) announced that they have reached agreement for purchase of RSPL’s B2B
express business by MLL. Under the terms of the agreement, MLL will acquire the express
business through a Business Transfer Agreement (BTA), including the customers, team and assets of RPSL’s B2B express business, RSPL’s technology platform and the Rivigo brand.
RSPL will continue to own its truck fleet & the rights to the full truck load (FTL) operations.
MLL, one of India’s leading integrated logistics companies, is focused on providing customers supply chain solutions, integrating its 3PL, FTL transportation, warehousing, cross border logistics, last mile and B2B express logistics services. The acquisition will augment
MLL’s existing B2B express business leveraging Rivigo’s strong network, technology and
process capabilities.
Gurgaon based Rivigo operates a pan India B2B express network, has a robust client base
and a full-service technology suite. Rivigo’s B2B express network currently covers over
19,000 pin-codes across the nation. Their 250+ processing centres and branches, spanning
an area more than 1.5 million sq. ft. will add significant strength to MLL’s express business
capability.
Speaking on the occasion, Rampraveen Swaminathan, MD & CEO, Mahindra Logistics
Limited said, “B2B Express Logistics continues to see strong tailwinds as customers focus on
deepening delivery networks, enhance digital adoption and invest in agile supply chains.
This acquisition will enhance and strengthen our offerings and reach for our customers in
the B2B express and PTL space. Team Rivigo has built deep capabilities, and we look forward
to building on the strengths as we integrate the businesses. We are excited by the team, as
they share a common ethos with a shared focus on empowering drivers & communities”.
Speaking on the occasion, Deepak Garg, CEO of RSPL said “Rivigo has its foundation in the
relay full truck load business. Over the years, we have built a strong brand in the PTL /
Express services with pan India network and high-quality technology and service backbone.
We believe the customers, and employees of our PTL business will benefit greatly from being part of a high-quality, end-to-end Supply chain services company like ML,” stated in the press release.

About Mahindra Logistics Limited (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and enterprise mobility. MLL serves over 400+ corporate customers across various industries like Automobile, Engineering, Consumer Goods and E-commerce. The Company pursues an “asset-light” business model, providing customised and technology enabled solutions that span across the supply chain and people mobility services. For more information, visit www.mahindralogistics.com

About Mahindra Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s
largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and
stakeholders to enable them to Rise. Learn more about Mahindra on www.mahindra.com