Ratan Tata Capitalises in Mailit Technology

Veteran businessman Ratan Tata invests in Mailit, a technology-driven mailroom management and logistics company. Mailit delivers courier, cargo, 3PL, mail room management digital solutions as well as postal services to leading corporates and several blue chip companies in the Tata Group.

However, the financial details of the investment were not disclosed, Mailit states it plans to launch 500 mailrooms across India in addition to founding fully mechanised warehouse and distribution centres in the next five years.

Ratan’s strategy focuses on building India's first digitally Integrated Logistics & Mailroom Solutions (IL&MS) platform bringing much-needed consolidation, improved efficiency and visibility to a fragmented market place.

Mailit would emphasis on consolidating the entire value chain getting seamless end-to-end distribution with real-time visibility, thereby reducing the overall logistics and distribution costs, it adds.

Mahesh Shirodkar, founder and CMD, Mailit says, "With the government reiterating its commitment to strengthening the infrastructure sector, Tata believes the Mailit IL&MS platform will bring in cost optimisation, build operational efficiencies in the supply chain and create employment opportunities across India. The investment by Tata opens up a wider growth prospect for the company.

He further adds, "We intend to scale up the operations across geographies. With our state-of-the-art operations and trained professionals backed by the use of the most innovative technologies available today, Mailit expects an upward trajectory from here on," he added.

Furthermore, the Tata Sons chairman emeritus has been aggressively investing in start-ups, ranging from, pet care companies, e-commerce firms to cab aggregators. Previously, he has backed companies such as Kaaryah, Snapdeal, DogSpot, Urban Ladder, Bluestone, CarDekho, , Xiaomi, Sabse Technologies , and, Ola.