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Transworld Group Embarks on its Digital Transformation Project - 'Innovation in Motion'

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(Disclaimer: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same).

MUMBAI, May 18, 2018/PRNewswire/ -- Selects Oracle India and KPIT to help drive its digital agenda

Global Shipping and Logistics conglomerate Transworld Group announced its Digital transformation project, 'Innovation in Motion'.

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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 customer's 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 deliberation. 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 catalyze 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."

About Transworld Group

The Transworld Group of Companies was established in 1977 by Mr. R. Sivaswamy. Commencing operations as a shipping agency in Bombay, the group has now diversified into a multi-faceted shipping and logistics conglomerate. The activities of the group include: Ship Owning (Container & Bulk Carriers), Feedering, NVOCC, Logistics, Freight Forwarding and Supply Chain Management, Ship Management and Shipping Agencies.

Headquartered in the Jebel Ali Free Zone (Dubai, UAE), with offices in USA, Saudi Arabia, Oman, Qatar, Kuwait, Sri Lanka, Pakistan and offices in 28 Indian cities combined with strong network partners world over, Transworld offers a one-stop shop to all our customers. We encourage you to engage with Transworld and look forward to being of service.

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Media Contact: Jigar Chatwali [email protected] +91-9819026976 Partner, Vicara Consulting Pvt. Ltd

Source: Transworld Group PRNewswire DL DL

Disclaimer: This story has not been edited by BW staff and is auto-generated from a syndicated feed.

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