EFC (I) Ltd and Pepperfry Ltd have signed a Term Sheet for a joint venture to expand their presence in the furniture and logistics industries across India, combining their strengths to drive innovation and growth.
The partnership aims to combine expertise in furniture manufacturing, logistics, and creative studios, delivering scalable solutions to meet growing demand across India and providing exceptional value to stakeholders.
This collaboration will expand operations across India, leveraging Pepperfry’s marketplace and EFC (I)’s logistics to offer an integrated end-to-end service including display studios to enhance customer experience.
Umesh Kumar Sahay, Chairman and Managing Director of EFC (I), sees the partnership as a strong foundation for growth. By combining their respective strengths in logistics, franchising and business development, the companies plan to create a solid foundation that will foster sustained growth and bring new opportunities to the market.
The joint venture is expected to be finished by March 2025, once it gets the necessary approvals. It aims to create a strong partnership to shape the future of the furniture and logistics industry in India.
EFC (I) Ltd, founded in 2014 by Umesh Kumar Sahay, is a Pune-based company listed on the BSE. It manages over 56,000 seats across 70+ centres in nine cities and seven states. The company serves over 570 prestigious Indian and global corporates, offering high-quality working spaces. EFC (I) is known for its expertise in logistics, franchising and business development.
As of February 01, 2025, at 10:45 AM, With a market capitalisation of ₹26.16 billion crores, EFC(I) shares are trading at ₹527.20 per share, up 0.30% from yesterday’s closing price. Over the last month, the stock has fallen by 11.59%. The stock has a 52-week high and 52-week low of ₹716.95 per share and ₹303.10 per share respectively.
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Published on: Feb 1, 2025, 3:15 PM IST
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