Varuna Group unveils ₹500-cr warehousing expansion

Varuna Group will invest ₹500 crore to build Grade A warehousing facilities across the country. Founder and MD, Vivek Juneja, informed that the company has 25 years of operations experience and 25 Grade A+ facilities across 28 locations in India, with 1.2 million sqft of warehousing space. It is also looking to add 300 trucks every year from the next fiscal in its current fleet of over 1,800 trucks. The company will be building 30 'Grade A+' warehousing facilities in the next couple of years. As each facility is expected to be of around ₹50 crore, this will entail a total investment of around ₹1,500 crore. The company prefers the hybrid model wherein both the developer and the company will invest. Varuna Group will invest around ₹15 crore in each facility while the rest of the amount of ₹35 crore per facility will come from the developers.