BVC: Your partner in the industry’s progress
A market leader in providing integrated solutions within express logistics, contract logistics, project logistics, air and ocean cargo, BVC Logistics offers economical, secure and end-to-end solutions to its customer across the globe. Profiling the company, Praveer Sinha quoted Uday Chinai, Chairman and Managing Director, BVC Group of Companies and Bhavik Chinai, Director, BVC Ventures Pvt. Ltd. wherein they underlined some of the highpoints of BVC’s growth story, revealed the company’s USPs as well as hinted at the future course.
Established in 1960, BVC Logistics is the first organised player in precious cargo, customs brokerage and is the brainchild of BV Chinai. After him, straight out of college, the current chairman Uday Chinai took up the reins and spearheaded every department in the company. As a result, this up-and-coming family business turned into India’s largest precious cargo logistics player. In the process, the second generation Chinai pioneered a number of path-breaking innovations in finance, operations, infrastructure and various other systems in the Indian logistics industry of valuable cargo. Much later, in 2013, even the third generation of the Chinai family, Bhavik followed suit.
“BVC had a humble beginning with limited. resources We had started
with a single office in Mumbai. But now, we have a strong domestic
as well as and global presence and handle logistics for more than 50
per cent of the Indian gems and jewellery industry.”
Uday Chinai, Chairman and MD, BVC Group of Companies.
Humble beginnings, revolutionary growth
If you ask to put BVC’s growth story in a nutshell, it can be safely said that it is a sheer example of an astute business person identifying opportunities amidst challenges and then, a visionary tranforming it into an enviable empire. “The diamond and jewellery trade in India was an unorganised sector at that time. This caused a hindrance in opening the Indian diamond and jewellery industry to a global level. There was a strong need for streamlining this business. That is exactly what BVC set out to do – create an organised diamond and jewellery sector which can be opened up to international markets,” shared Uday Chinai, Chairman and Managing Director, BVC Group of Companies.
At present, BVC boasts of a network of 45 agents globally that enables it to offer services to almost 130 countries. Within India alone, BVC operates acrossover 3,000 pin codes. But the picture was not all that rosy right at the onset.
“BVC had a humble beginning with limited resources. We had started with a single office in Mumbai. But now, we have a strong domesticas well as and global presence and handle logistics for more than 50 per cent of the Indian gems and jewellery industry. With that, BVC has become one of India’s largest logistics providers when it comes to diamond and jewellery,” he proudly filled in.
The winning strategy
It’s a no mean feat to lead the pack for decades while at the same time, expand like nobody’s business across the mainstream markets such as Belgium, Japan, Thailand, UAE, Russia and the USA. So, what’s the secret behind their success? “We, at BVC, believe in going beyond business and building long-term relationships. In an industry which works on trust, BVC has thrived on strong business bonds andproven track records. Customer delight has been the constant aim for the people at BVC. When customers choose to do business with BVC, it is the only ecosystem they need to exist in, in terms of logistics. They will find soup-to-nuts solutions hereunder one roof and need not go anywhere else.” revealed Bhavik Chinai.
“At present, BVC boats of a network of 45 agents
globally that enables it to offer services to almost
130 countries. Within India alone, BVC Operates
acrossover 3,000 pin codes.”
Bhavik Chinai, Director, BVC Ventures Pvt. Ltd
A legendary presence
Another reason why BVC Logistics has top of mind recall, is its legendary presence. “With a legacy of more than 58 years, BVC Ventures has expertise in all things related to diamonds and jewellery logistics. It is India’s first organised player in precious cargo logistics. Involved in secured door-to-door delivery, customs brokerage, trade exhibitions, private exhibitions, consultancy and international freight,it has successfully managed to create a logistics ecosystem where all the needs, right from mines to markets, can be taken care of,” he explained.
Following this tradition, in the last 58 years, the company pioneered critical offering in niche sectors and thus, has benchmarked quality standards, regulated processes and achieved operational excellence across sevices. “Each client is provided with customised value-added services through BVC’s award winning cutomer services,” he pointed out.
Great teams at work
Within the company too, it has grown into a strong 1,000 family of BVCites wherein each individual masters in specialised logistics requirement across verticals like luxury, automotive, chemicals, pharmaceuticals, solar, consumers, oil and gas, etc.“Besides developing value for stakeholders and finding effective and scalable solutions, creating long-term relations with our employees is also of utmost importance to us at BVC,” shared Uday Chinai.
Growing stronger by doing good
Other than its core team, the company is also dedicated towards its CSR initiatives. BVC Foundationis the BVC Trust, which focuses on making a sustainable difference in education, healthcare and governance through several tech and non-tech initiatives.
Each year, BVC makes a difference to thousands of less privileged children across India through its own initiatives and through collaborations with different NGOs. As an inclusive enterprise, BVC invests in the best young talents, helping over 25,000 kids in orphanages throughout the country and supports blood banks in 20 states through its nation-wide Blood Donation Drive.
Currently funded by the BVC companies, BVC Foundation aims to make each initiative a multi-state operation through its offline network of offices and reach. “Every initiative is beyond philonthropy and promotes people-centric inclusive development with active participation of the community at all levels. Through BVC Foundation, we are on a mission to set global benchmarks in stakeholder satisfaction and aspire to make a sustainable impact in eductaion and healthcare globally,” said Bhavik Chinai.
Levelling of technology across sub-segments so that the sector can move towards being more organised, expanding the business, domestically and globally and providing enhanced solutions for more seamless transactions and movement, BVC is all set to grow five times in the next five years.“Conscious efforts are being made in this direction. We are also looking at globally expanding our presence in more countries,” Bhavik Chinai concluded.