Mo­hit Katyal,

Man­ag­ing Part­ner, Olympic Im­pex

Business Sphere - - CONTENTS - By Our Cor­re­spon­dent

En­sur­ing the qual­ity of a prod­uct or ser­vice is of­ten the one func­tion which can re­ally work won­ders to make the rep­u­ta­tion of a com­pany in its realm of work. As far as this pa­ram­e­ter is con­cerned, Olympic Im­pex has left no stone un­turned to see that the qual­ity of its ser­vices in freight for­ward­ing is “one of the best in the Delhi/NCR re­gion,” brightly chirps Mr. Mo­hit Katyal, Man­ag­ing Part­ner, of this Delhi-based com­pany. In­ci­den­tally, this firm was set up in 2015 with an ini­tial in­vest­ment of Rs ten lakh and has Ms.Poon­amKatyal as its part­ner. The ex­act break-up of ser­vices from this firm in­clude air freight, sea freight, ware­hous­ing and distri­bu­tion, cargo in­sur­ance, sourc­ing and pro­cure­ment (end to end sup­ply chain). Its turnover in the year 2016-17 was three crore ru­pees, and this went up to Rs seven crore in 2017-18. Olympic Im­pex has ten em­ploy­ees on board, and two of these are in­volved in the sales and mar­ket­ing ac­tiv­i­ties. It pro­vides line track­ing to the client of their prod­ucts in tran­sit. The Katyals be­lieve that “our USP is our strong world­wide-ba­sis net­work­ing abil­i­ties.”.We record 80% re­ten­tion of our clients and this could also be at­trib­uted to timely de­liv­ery (more than 90% of the time).” In­dia re­mains one of the fastest grow­ing econ­omy in the world. The In­dian Freight trans­port mar­ket is ex­pected to recored a CAGR of 13.35% by 2020, driven by the growth in man­u­fac­tur­ing, re­tails, FMCG and e-com­merce sec­tors. In­ter­na­tional trade is likely to re­main the ma­jor driv­ers for the freight for­ward­ing com­pa­nies. The vi­sion of the Katyals is to “ex­pand in both In­dia as well as in global terms.” They wish to open up more branch of­fices and cross the Rs 100 crore turnover mark by 2023. The score­card of suc­cess for their com­pany, as per Mr. Mo­hit Katyal, is “the strength of the hard work we have put in, our clients, in­no­va­tive ap­proches, tech­nol­ogy driven process, govern­ment ini­tia­tives. Some of the other ser­vices also of­fered by Olympic Im­pex in­clude pharma lo­gis­tics, project cargo, deal­ing in per­ish­able cargo, air­craft char­ter­ing, ex­hi­bi­tion han­dling, 3PL/4PL ser­vice, cross dock­ing, cus­tom e-book­ing, and tak­ing care of EDI ap­pli­ca­tions. As far as the orb of in­ter­na­tional freight man­age­ment is con­cerned, this com­pany looks into cargo book­ing, freight doc­u­men­ta­tion prepa­ra­tion, track and trace to in­coterm or cargo turnover, ex­port cus­toms com­pli­ance, so­lu­tion man­age­ment, and drop ship­ments re­lated work nitty-gritty. Olympic Im­pex also has an ex­ten­sive net­work of agents in ma­jor hubs across the earth. In ad­di­tion, it pro­vides a full spec­trum of ‘bolton’ ser­vices for rou­tine as well as cross trade such as cargo in­sur­ance, pack­ing, lash­ing/se­cur­ing, con­tainer stuff­ing, and lo­cal in­land lo­gis­tics. An en­tire set of cus­tom ser­vices from this house in­clude pro­vi­sion of spe­cific pack­ag­ing, la­belling, cool­ing el­e­ments, and dry ice. With such a vast range in its work pro­file and the in­nate ca­pa­bil­ity to of­fer all these op­er­a­tions in a savvy and ef­fi­cient man­ner, Olympic Im­pex seems to­tally at­tuned to hav­ing a long and prof­itable in­nings up ahead.

Mo­hit Katyal, Man­ag­ing Part­ner

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