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ColdEX Voted 2014 Best Cold Chain Logistics Service Provider in India by Frost & Sullivan

MUMBAI, India - May 19th, 2014 - ColdEX, has been recognized as India's Best Cold Chain Logistics Service Provider in Frost & Sullivan's Indian Logistics Voice of Customer Awards 2014.

The award was given to ColdEX for overall best performance among similar logistics service providers (LSPs) specialized or focused on cold chain logistics, nominated and rated by end users across target industries. ColdEX received the highest ratings from customers for its performance in maximum evaluation parameters including logistics expertise in the target industry, reputation of the cold chain service provider, cold chain network reach, number of cold chain service locations, skills and attitude of LSP's staff, and cold chain fleet size.

"ColdEX is honored to be recognized as the Best Cold Chain Logistics Service Provider in India by Frost & Sullivan. We thank all our clients for choosing us. As an organization, we always thrive on enhancing service levels, efficiency and innovation. We will continue to build capability and capacity to serve our clients better" said Mr. Gaurav Jain, Executive Chairman, ColdEX.

"Am delighted with this recognition.  On behalf of ColdEX team, I would like to thank each and every client of ours for the recognition.  We will continue to invest in our People and Process capabilities to ensure that we come out as the Best Service Provider, always" said Mr. Sunil Nair, CEO, ColdEX.

Mr. Vijay Kakade, Director – Automotive, Transportation & Logistics Practice, South Asia, Middle East and North Africa, Frost & Sullivan said, "This award highlights ColdEX's excellence as a cold chain logistics service provider in the Indian market. ColdEX has established itself as a true leader among similar LSPs specialized or focused on cold chain logistics through its commitment to provide its customers a competitive advantage through superior cold chain transportation and logistics solutions. We are pleased to present ColdEX with this prestigious award. ColdEX's capabilities and strong reputation when compared to similar LSPs has been recognized by Frost & Sullivan in the form of this Award, as chosen by consumers."

The Frost & Sullivan Indian Logistics Voice of the Customer Award for Best Cold Chain Logistics Service Provider is given to an LSP specializing or focusing on cold chain logistics that truly demonstrates excellence among competitors, as judged by customers. LSPs specialized or focused on cold chain logistics that received highest nominations along with ratings on the performance by customers in the given award category are shortlisted for the evaluation. The ratings attained by each contending LSP on evaluation parameters are weighed against the importance assigned by end users for the respective parameters, with the highest scoring company named the winner. Each evaluation parameter relevant to the logistics industry is weighted appropriately according to first-hand research conducted by Frost & Sullivan with local market customers.

In line with the ColdEX's commitment to providing customers with superior cold chain logistics solutions, ColdEX have been investing in technology and innovations.  ColdEX today takes pride in providing ‘customised' solutions to its clients in various industries viz. QSR, Confectionary, Pharma, Retail, FMCG and Agriculture. ColdEX offers an end-to-end distribution service comprising of Primary transportation, warehouse, secondary and tertiary transportation and other value add services.

ColdEX has a fleet of 825 vehicles, which are managed through best in class TMS (Transport Management System) and FMS (Fleet Management System).  ColdEX has started investing in building world class Distribution Centres (Multi-temperature high velocity cold storages).  The first state-of-the-art facility has come up in Kundli (Delhi). ColdEX has been growing 25 percent CAGR.  With its continued investments in fleet and DCs, it aims at growing faster.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the Global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

About ColdEX

ColdEX is one of the leading cold chain logistic companies in the country, providing customers with a system that covers all aspects of cold chain logistics. Its vision is to create excellent solutions in cold chain by devoting best of the league technologies and path breaking applications. The Company has made a mark in the industry by providing innovative solutions and state of the art services to its customers. Its network covers the entire nation with a presence in over 55 cities and towns, from Guwahati and Agartala in the East to Kutch in the West and from Jammu in the North to Trivandrum in the South. Its large fleet of reefer containers ranges from a sub one tonner to a twenty five tonner.  With its foray into Cold Storages, ColdEX becomes a one-stop-shop for cold chain users, providing end-to-end services.  ColdEX today takes pride in serving many multinational brands in the country.

For more information about ColdEX, visit www.ColdEX.in

Media Contact: Frost & Sullivan

Ravinder Kaur
P: +91 44 6681 4413
F: +91 44 2431 4264
M: +91 9940141714
E: ravinder.kaur@frost.com

Media Contact: ColdEX

Mr. Sunil Nair
M: +91 8800 876 123
E: sunil.nair@ColdEX.in

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