Pristine Logistics

South Asia Manufacturing

Pristine Logistics (PLIPL) is a fast-growing Indian company that develops and operates vital infrastructure to transport and handle railway freight in rural and under-served parts of the country.

Our investment

In 2015, CDC made a $25 million direct investment into the infrastructure company to help the company build essential infrastructure in low-income states such as Uttar Pradesh and Bihar.

CDC exited the company in March 2018

Expected impact

Located deep inland, India’s low-income states are in urgent need of modern and efficient rail infrastructure. However, private capital is scarce in this region and sector, especially for early stage companies.

Pristine Logistics develops, constructs and operates greenfield rail freight terminals across northern, central and eastern India. The terminals provide handling, warehousing and transport services for businesses using the Indian Railways network for freight transport.

Our investment helped the company grow from one operating terminal asset to three operating assets in low-income states and enabled it to start container rail operations. Pristine Logistics has also started to develop a fourth container terminal asset and a food park in Bihar.

Bihar is one of India’s largest fruit, vegetable and dairy producing states, but the lack of fast, reliable and temperature-controlled transport means that many Bihar farmers cannot bring their produce to market. The result is that substantial amounts of agricultural produce are left to rot, leading to panic selling each season.

The food park will bring much-needed food processing, storage and modern transport services to local farming communities.

Environmental and social aspects

We worked closely with the company to improve safety for the workforce and environmental management practices.

Since our investment, the company has been successful in obtaining ISO 9001 quality certification, ISO 140001 environmental certification, and OHSAS 18001 for occupational health and safety.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

South Asia

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Direct Equity
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

January 2015

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.