Mukesh Shah, Founder and Chairman of independent factor chain Motor Parts Direct has told an audience of his plans to grow the business further.
Speaking at the firm’s 20th anniversary supplier meeting and conference, known to all by his first name, Mukesh, said: “Our vision is to have 200 branches and sales revenues of £200m by 2025”.
He went on to explain that the target would only be achievable with the commitment of everyone in the company. “You can have a clear vision, but you need excellent people to realise it… We believe that we have the best people in the industry to operate our business”.
Mukesh added that in 2014 he stated an aim to become a £100m business and this was realised a little over a year later through a mixture of organic growth and acquisitions.
Originally a regional chain based in East Anglia, the firm now has 120 branches across England and Wales. It has benefitted from the acquisition of other long-established regional chains, including Kevin Cooper, CAFCO and Central Auto Supplies. MPD is now the UK’s largest independent factor chain.