Morgan Stanley Infra invests Rs 180 crore in LEAP India

Morgan Stanley India Infrastructure has invested Rs 180 crore to acquire a stake in LEAP India. Founded in 2013, LEAP India is an asset pooling company dedicated to provide dependable and cost-effective solutions to supply chains across India, according to a statement.

The company has an asset pool of approx 4 million units including pallets, foldable large containers (FLC), crates and utility boxes.

The company now aims to achieve a total asset pool of 6 million and provide technologically advanced products to the market.

Its business is linked to India’s consumption story and primarily caters to fast-moving consumer goods (FMCG), consumer durables, beverages, e-commerce, retail, auto and auto-component manufacturing sectors, Morgan Stanely said in the statement.

The timber pallets and plastic utility boxes are used by companies in FMCG and beverages sectors, it said adding that auto companies use FLCs and crates.

LEAP, which provides these assets on lease and helps in integrating the supply chain across suppliers, manufacturers, 3PL service providers and retailers has a large footprint in India that caters to over 600 customers and more than 7,000 touch-points from a pan-India network of 18 warehouses.

Morgan Stanley India Infrastructure has also invested in Unison Enviro, a city gas distribution company in partnership with Ashoka Buildcon and in Healthmap Diagnostics.