Samvardhana Motherson International Limited (SAMIL) has approved a joint venture with Hellmann Worldwide Logistics to deliver integrated supply chain solutions for the automotive industry. The Dubai-based partnership will enhance resilience, efficiency, and stability in global logistics networks, excluding Japan.
Samvardhana Motherson International Limited announced today that its Board has approved a joint venture with Hellmann Worldwide Logistics (MESA) Holding Limited. The new entity will be incorporated in Dubai, UAE, and aims to strengthen supply chain solutions for automotive customers worldwide.
Strategic Partnership Overview
The collaboration combines SAMIL’s logistics division with Hellmann’s global expertise in third-party and fourth-party logistics. Hellmann, headquartered in Germany, operates across 170+ countries with a turnover of EUR 3.8 billion, offering services in air, ocean, and road freight, customs brokerage, and contract logistics.
Joint Venture Structure
The Dubai-based joint venture company will have an authorized capital of USD 10 million and paid-up capital of USD 1 million. SAMIL will hold a majority 51% stake, while Hellmann will own 49%. The board will comprise six directors, equally appointed by both partners.
Key Highlights
-
SAMIL to hold 51% stake, Hellmann 49%
-
JV headquartered in Dubai, UAE
-
Focus on integrated 3PL and 4PL services
-
Targeting resilience and efficiency in automotive supply chains
-
Board structure: six directors, equal representation
Sources: Company disclosure to NSE and BSE