Page 42 - Bullion World Volume 02 Issue 08 August 2022

Bullion World | Volume 2 | Issue 08 | August 2022

Sequel Logistics: Physical infrastructure,

people/processes & technology critical aspects

in transforming secured logistics.

Sequel has been around for a while; logistics and monetary services to
it was founded in 2004, and we built our customers.
a primarily India-centric network.
It started in the diamond jewellery You’ll be reaching the last leg of
segment and subsequently got into connectivity from the vault and
commodities. Of course, we have playing a critical role in the supply
one more division which takes care chain.
of the life science logistics, so we It’s not just bulk movement. Our
look at the critical logistics domain customers come and look at
and operate there. During the last smaller denominations, doorstep
couple of years, there have been delivery, and so on. So now it’s
challenges, especially with Covid, gotten more democratised, there
but I think new opportunities have are more participants, and I
Mr Rajkumar opened up for logistics. Hence, think it’s not just about the larger
Founder Director & CEO, people are now more amenable to volumes, it’s also about the smaller
Sequel Logistics online operations. ones. So, there’s no better time to
expand than right now.
Logistics are critical in the Do you feel the importance of
precious metals supply chain logistics is being realised? You have two business segments.
system. So, the importance of That’s right. While the physical One is bullion logistics and other
logistics is very critical given aspect cannot be ruled out, the is jewellery logistics, so one is
the value of the commodity. We whole idea of digital transactions volume based, and one is value-
have with us today Mr Rajkumar, has also been enabled and based; where do you see more
founder and CEO of Sequel increased substantially. Another growth coming in?
Logistics, one of the leading critical thing that has happened in I think these two segments are
logistics providers for precious the last year is Gift City, in which interdependent. Bullion is a sort
metals in India and globally. Let’s Sequel has been the first IFC- of backward integration into the
hear what he has to say about approved vault manager, so our jewellery industry. The jewellery
the secure logistics system in vault is up and running. It’s one industry is the bedrock of the Indian
India. Sir, can you introduce of the finest vaults in India. We ecosystem as Indians are disposed
yourself and Sequel? How has it envisaged this to be a model vault to buy a lot of jewellery, which
grown from a small company in for the Indian market, also drives the bullion movements.
Bangalore to a global player? These two are very closely
First of all, delighted to be here at We hope the coming years will interconnected but have their
IGC this year; we’ve been regular transform the bullion industry. Apart dynamics and requirements.
participants at IGC for many years. from that, we are also approved
It is a beautiful forum to catch up by SEBI as a vault manager for As a veteran, what challenges
with all the industry participants, domestic gold spot exchange, do you foresee in transporting
leaders, customers and other in which 18 of our vaults have precious metals? What type of
collaborators. It’s a great event, and been approved. So once the spot regulations and policy changes do

I’m happy to be here after Covid. exchange starts, we can offer you expect from players like you

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