A leading IT firm in the nation, Genex Infosys Limited, is planning to set up a new company to diversity into the rapidly expanding e-commerce services business space, seeing big potential in this sector.
Loginex Limited is the new company that will provide services focusing on digitising the logistics and supply chain management eco-system of the nation.
The new company’s goal is to win the trust of the international brands of repute for managing their logistics services.
75 per cent of the share will be held by Genex Infosys and a Bangladeshi IT expert in the United Kingdom will hold a 25 per cent share of the new company.
IT experts recruited by both the entrepreneurs will provide app-based services, like tracking products from warehouses to customers and other logistic services, for e-commerce businesses.
The paid-up capital of Loginex Limited will be Tk 10 lakh and it is expected to start operations by January 2022.
On average, the new firm of Genex Infosys will generate an estimated revenue of Tk 15 crore annually.