Moneycontrol PRO
Live Now |Traders Carnival 15th Edition - 3 days 12 sessions Virtual Event brought to you by Moneycontrol Pro

Aim 20-25% growth in terms of topline & bottomline: Snowman Logistics

Snowman Logistics is on radar after the news that it will provide logistics service for IKEA's food business. In an interview to CNBC-TV18, Sunil Nair, CEO of Snowman Logistics spoke at length about the agreement and gave his outlook for the future.

October 17, 2017 / 01:22 PM IST

Snowman Logistics is on radar after the news that it will provide logistics service for IKEA's food business.

In an interview to CNBC-TV18, Sunil Nair, CEO of Snowman Logistics spoke at length about the agreement and gave his outlook for the future.

The whole arrangement is pan India basis, so wherever they open stores, we will be managing their complete backend, said Nair.

He further said that IKEA will be around 4-5 percent of revenue by 2020.

"We had leadership change completely around 18 months back and then demonetisation impacted us and now goods and services tax (GST). We hope there is nothing else going to come up. Things have already started looking up from client side, business side and numbers are also looking better now. So 2019 is going to be much better than what we experienced last couple of years," he said.

Close

We have set a target of 20-25 percent growth in terms of topline and bottomline, Nair added.

Watch accompanying video for more details.
CNBC-TV18
first published: Oct 17, 2017 01:17 pm
Sections
ISO 27001 - BSI Assurance Mark