According to IFC, "IFC is considering to invest in LEAP India Pvt. Ltd, a provider of returnable and customized packaging to a variety of industries and provides wooden pallets and foldable large containers (FLCs) on lease which are used for storing and moving products across the supply chain.
Over the last five years LEAP has built an asset base of about 1.3 million softwood pallets (pallets are purchased from contract manufacturers and largely provided on rent to customers or in few cases sold to the customer directly) and about 30,000 FLCs which are supplied to about 262 clients. LEAP has a pan India network comprising 17 warehouses located in 12 states with total area of ~260,000 sqft and which are taken on lease based on lease agreement.
Wood planks and wood blocks used for making pallets are imported by the lumber importers from various countries such as Germany, Baltics, Siberia and Russia based on specifications provided by LEAP. The lumber so imported is then purchased by the contract manufacturers engaged by LEAP in the quantity required to meet the pallet orders on hand. A small portion of the wood around 0.1% is sourced locally by the contract manufacturers."
According to IFC, LEAP company was founded in 2013 and is majority owned by its Founder, Mr. Sunu Mathew. The Company has received two rounds of funding from private equity investors – Mayfield India II Ltd., Sixth Sense India Opportunities I and Indianivesh Growth and Special Situations Fund. LEAP has a pan India network comprising 18 warehouses, 14 contract manufacturing centers and a team of 270 employees that allows the Company to efficiently service its client’s needs.
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LEAP India Private Limited
Founder & Managing Director
022 2885 8714
302, 3rd floor, Ruby Crescent Business Boulevard, Ashok Chakravarti Rd, Ashok Nagar, Kandivali East, Mumbai, Maharashtra 400101
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