In this dynamically globalised economy, all kinds of businesses and start-ups are growing at a breakneck speed and multiplying their revenues year-on-year. All these businesses are leveraging technology to achieve scale and efficiency and this increased adoption has also dramatically transformed the highly-fragmented logistics sector over the past decade. In addition, the bumps created by the pandemic have put the process of automation on a fast lane.
Automation in logistics and warehousing has happened across sectors and through the integration of man, machinery, software and control systems, the overall operational efficiency, time to market and bottom line for businesses has improved significantly. The proliferation of e-commerce and digitisation is creating demand for warehouse automation from diverse industry verticals, including manufacturing, healthcare, oil & gas, chemicals, FMCG, and others.
While the Indian logistics automation market is expected to exhibit a CAGR of 16.2 percent during 2023-2028 (according to IMARC Impactful Insights), the Indian warehouse automation market is expected to reach $682.1 million in five years, registering a CAGR of 26.1 percent during 2023-2028 (according to Mordor Intelligence study).
India’s logistics and warehouse automation market are largely driven by growth in industries such as Automotive, Retail & E-commerce, and Consumer products along with shortened product life cycles, ever-demanding customers, government policies & initiatives, and technological advancements.
In order to cater for the ever-changing needs of businesses and industries, Mangal Industries, part of the Amara Raja Group, was founded 33 years ago. Amara Raja Group is a $1.5 billion global conglomerate with 16,000+ employees working for 7 companies and 16 businesses.
Mangal Industries has deep-domain expertise in Warehouse Storage Solutions, Precision Components, Plastic Components, Metal Fabrication, Toolworks, and Custom Fabrication. By adopting Amara Raja Group's core purpose and values, Mangal Industries has evolved into a design-led manufacturing organization with high employee retention and sustainable growth.
Under the able leadership of Harshavardhana Gourineni, Director, Mangal Industries, it has achieved economies of scale by breaking silos within the company and created Strategic Business Units (SBUs) to achieve agility in decision-making and execution.
SILVER LINING Storage Solutions
Mangal Industries offers Warehouse Storage Solutions under the brand SILVER LINING Storage Solutions. Since its inception in 2013, SILVER LINING Storage Solutions through its various products and solutions has boosted the growth of the Logistics and Warehouse Automation market in India.
SILVER LINING’S USP is to offer intelligent and tailor-made storage solutions by leveraging its engineering team’s wealth of domain knowledge and expertise in designing storage systems and operational layouts. The investments in R&D activities help to optimize the existing profiles and systems and come up with innovative and hybrid solutions which address the unique and new-age challenges faced by their customers. The company possesses a deep experience in project management, as evidenced by its track record of consistently delivering projects within established timelines.
Its product range includes pallet racking, multi-tier shelving, multi-deep shuttle systems, mezzanine floors, and Automated Storage and Retrieval Systems (ASRS). Its pallet racking systems are designed to provide efficient, scalable and flexible storage solutions for businesses of all sizes. While its multi-tier shelving systems provide high-density storage for small to medium-sized items, its multi-deep shuttle systems are an ideal solution for high-density storage of limited SKUs with high throughputs. The mezzanine floors are a
free-standing and modular system and provide an additional storage area at multiple levels, thus eliminating the need to invest in a building expansion. Its ASRS solutions maximize storage density and throughputs with seamless human and machine collaboration while improving visibility, safety, accuracy, and finally, resulting in optimized warehousing operations.
Businesses across industries are faced with multiple challenges like lack of visibility, labour shortage, complex regulations, and poor warehousing through inefficient space utilization, higher storage costs, and decreased productivity. SILVER LINING Storage Solutions believes in bettering lives while using the latest technology and engineering expertise, and addresses these challenges in exemplary ways:
Sriram S V , Sbu Head
a). Implementing a warehouse management system (WMS) that helps businesses gain real-time visibility into their inventory, shipments, and supply chain processes.
b). Implementing automation technologies such as robotics and autonomous mobile robots (AMRs), which will in turn help businesses reduce their reliance on manual labour, increase efficiency, and reduce errors.
c). To fix poor warehousing by using data analytics and machine learning algorithm that will help in maximizing the use of cubic space, optimize the warehouse storage and operational layout, implement the most efficient picking strategies and material placement, and retrieval through software specifically designed for the requirements.
Silver lining delivers technology-enabled change for its customers in testing environments, often where lower inventory levels, accurate picking, faster time to market & lack of intelligent designs that optimize resources are critical issues
The complete cycle of SILVER LINING Storage Solutions’ customer engagement process is unique and typically involves a thorough and collaborative approach to understanding the customer’s needs and challenges. "We invest in understanding their needs and requirements by conducting site surveys, holding meetings, or gathering data from various stakeholders/users, and subsequently analyzing them, to determine the specific solutions that would best meet those. Once our proposed solution suits the customer’s needs and receives approval, we finalize the same and prepare a budgetary submission. Once the order is secured, we begin the production planning. Finally, we manufacture and install the storage system based on the specifications outlined in the solution design. In the end, we provide training to the customer team and hand over the project”, shares Sriram S V, SBU Head, SILVER LINING Storage Solutions.
With intelligent designs, ingenious racking and a customer-centric approach across business, SILVER LINING proves to be the ideal partner for businesses looking to optimize their storage and warehousing operations. The visionary leadership of SILVER LINING inspires everyone to push the boundaries and think innovatively in all spheres. From identifying the need for a new system to completing the full project and handing it over to the customers, SILVER LINING Storage Solutions’ team is involved every step of the way.
“Silver lining storage solutions’ state-of-the-art manufacturing facilities having advanced machines & infrastructure allow it to produce high-quality products efficiently and cost-effectively, ensuring timely delivery and within budget” - sriram s v, sbu head, silver lining storage solutions”
“We understand that every industry has its own nuances and complexities, and our team has the domain knowledge and expertise to navigate these challenges. SILVER LINING delivers technology-enabled change for its customers in testing environments, often where lower inventory levels, accurate picking, faster time to market and lack of intelligent designs that optimize resources are critical issues. Its expertise in delivering easeful solutions for complex situations means that you can rest upon SILVER LINING for a comprehensive solution”, asserts Harsha.
Growth & Future Ahead
SILVER LINING has project references in almost every industry and application, including Logistics service providers, Automotive, E-commerce & Retail, Archival Records Management, Pharmaceuticals & Chemicals, Cold Storage, Manufacturing, and Defence, among others.
“Looking back on our 10-year journey, we are grateful for the support of our customers, partners, and employees. We are pleased to register a remarkable growth of 27 percent on a year-on-year (YoY) basis. This achievement is a testament to our unwavering commitment to product innovation, service excellence and our dedication to exceeding the expectations of our clients. Our vision is to democratize modern warehousing solutions that can cut down operational costs while enhancing throughput and time to market for our clients. One of our key strategies for achieving this vision is through low-cost automation and the use of plug-and-play Material Handling Equipment (MHEs). We are confident that our approach will continue to drive our growth and success, and we look forward to partnering with prospective clients to help achieve their business objectives”, concludes Harsha.