Considering the rise of ecommerce and online deliveries in the recent years, J Holdings has entered into an agreement for the acquisition of a significant stake in MOVE Express & Logistics (MOVEX), a complete third-party logistics service provider (3PL), which was set up to facilitate the logistics requirements of Pakistan’s budding ecommerce vertical and corporate business entities, as well as consumers participating in this digital boom.

J Holdings Private Limited has been serving generations for over 70 years by investing in a diverse set of dynamic and growth-oriented businesses including agricultural trading, construction, government sales, logistics, power generation and warehousing, with a focus on creating value for all stakeholders.

J Holding’s has successfully managed to build up core expertise within the logistics sector, where it has established itself as one of Pakistan’s pre-eminent supply chain enterprise, with an emphasis on specialised transportation and warehousing needs. It is primarily involved in the movement of bulk cargoes, which includes transportation of sensitive liquids, as well as agricultural commodities, steel, project cargoes and other complex shipments. Over the years, the company has amassed one of Pakistan’s largest aluminium bowser fleets, and has a mix of other asset classes, all hauled by latest generation prime movers.

In addition, J Holdings exposure to the logistics business also includes Bill T, which is an online marketplace, matching freight providers with shippers through an easy-to-use application, that adds transparency and liquidity to opaque markets while improving supply-chain visibility.

J Holdings latest investment in the sector through its agreement with MOVEX, will not only enable it to offer last-mile delivery, but the complete gambit of 3PL services including bulk cargo, transportation, warehousing & project logistics solutions. The company is aimed at resolving Pakistan’s supply-chain issues that were stretched by the Covid-19 pandemic, as well as enabling itself to provide a complete suite of courier, cargo, parcel transportation, warehousing and fulfilment services to customers.

MOVEX, on the other hand, since its founding over 10 months ago, has successfully made its place in top 10 3PLs of Pakistan and has over 30 operational hubs, serving 240 cities and towns. MOVEX has been successfully catering to the needs of 2,200+ plus customers from diverse segments like Fashion, Telecom, Market Places, Electronics, Manufacturing, Food and Medical/Surgical Industry, delivering around 10,000 packages daily across length and breadth of Pakistan.

The acquisition is expected to expand J Holdings portfolio, resulting in complementary facilities in-house, and thereby adding supply chain efficiency and increasing productivity to help support its client’s business growth.

The Jaffer family has been an integral part of the business landscape in Pakistan for the last 70 years, because they believe in the future and prosperity of this country. All of their business decisions are made in the same way by critically evaluating the contribution that those investments will make to the economic and social development of the country through employment generation, or technology uplift amongst other areas.

The Jaffers believes that as a family company, their value system is paramount and it is important that all of their portfolio companies also share those same views. They are pleased to be able to welcome Shafiq Malik, with his over 25 years of logistics experience, and MOVEX to the family and to support them in their effort to revolutionise this growing space through the use of technology, operational efficiency and a focus on customer service.

Meanwhile, MOVEX CEO Shafiq Malik said they are excited “on the partnership with J Holdings”. “We are surely to benefit from the diverse exposure of business expansion they bring in and believe it will strengthen our overall capability in serving our customers with end-to-end supply chain solutions.

“MOVEX is expanding rapidly by virtue of this investment. Shortly, we are planning to invest Rs500 million in our operational infrastructure expansion, technology suite upgradation, process automation and human resource in order to diversify our service offering. We have an aim to become one of the top 3PLs in the country, delivering best experience to our ever-growing customer base.”