Mumbai - April 26, 2018: Global Shipping and Logistics conglomerate Transworld Group announced its Digital transformation project, "Innovation in Motion".
With Customer Centrality as its core value and in line with the philosophy of customer first approach, Transworld Group of companies comprising of Avana Logistek Ltd, Shreyas Shipping & Logistics Ltd, Transworld Feeders FZCO, BSL Freight Solutions Pvt Ltd, Transworld Logistics FZE and other Group companies, through this project will leverage technology enabled solutions and customer connect e-platforms to provide real-time information, swift business process and a digital customer interface. Additionally, the company will also be incorporating new emerging technologies like blockchain, adaptive intelligence and IoT, as they move forward on their digital journey and climb higher on customers value chain.
As Transworld Group celebrates its 40th successful year, the company today signed an agreement with Oracle India and KPIT to help them develop an integrated technology platform. As part of this agreement, Oracle will provide the cloud-based technology platform that will improve operational efficiency across its shipping and logistics businesses and empower their 1000 + employees to deliver heightened customer satisfaction to their customers and vendors. KPIT will be the implementation partner, having expertise in implementing Oracle solutions for decades for customers around the world, from diverse industries, including shipping and logistics.
The technology platform will enable standardisation of all key business functions across all the group companies. These include finance, operations, procurement, supply chain and even HR, to eliminate manual intervention and introduce far advanced operational efficiencies.
Transworld Chairman Ramesh S. Ramakrishnan; Oracle India Managing Director, Shailender Kumar and KPIT Co-Founder, MD and CEO, Kishor Patil, signed the agreement in the presence of senior management team members from all firms.
Transworld Chairman Mr. Ramesh S. Ramakrishnan said: "The decision to partner with Oracle and KPIT has come after much deliberations. We want to digitally transform this industry with intelligent use of technology that helps us not only to be more efficient, but also create more value to our shareholders, customers and employees. We believe this can catalyse this transformation and is the way forward for our business."
Oracle India MD Mr. Shailender Kumar, said: "I'd like to congratulate Transworld on embarking on this major digital transformation project. Oracle's modern, connected cloud applications will deliver the necessary functionalities that will help Transworld achieve its goals for growth."
KPIT Co-Founder, MD and CEO, Mr. Kishor Patil said, "We are delighted to be chosen as the Oracle Cloud consulting and implementation partner for Transworld Group to help them in their digital transformation journey. Our deep competence in Oracle technologies, extensive experience in the transportation and logistics industry, and strong focus on cutting-edge digital technologies will enable Transworld to accelerate their business outcomes of achieving greater transparency, speed, and agility across its value chain."
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Mr. Sangram Kadam, Associate Vice President & Head (India and South Asia), KPIT (left, seated) and Mr. Ramesh S. Ramakrishnan, Chairman, Transworld Group (right, seated) tender their signatures to the agreement
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Sangram Kadam and Ramesh S. Ramakrishnan seal the deal with a handshake
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Mr. Prabhu Bendre, Senior Vice President, KPIT (far left) with Sangram Kadam, Ramesh S. Ramakrishnan and dignitaries from Transworld Group and Oracle India
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Sangram Kadam (left) and Ramesh S. Ramakrishnan (right) at the agreement signing ceremony
About KPIT
KPIT is a global technology company focused on automotive engineering and mobility solutions. Leveraging the company's two decades of experience in automotive engineering, KPIT is building engineering solutions and products to create safe, smart, and sustainable mobility in India and other developing countries addressing segments such as passenger buses, school buses, and commercial vehicles.