What we do Ashapura Logistics Ltd is an integrated Indian logistics company offering cargo handling, freight forwarding, transportation, warehousing, and coastal movement services. |
Founded in 2,002 |
Market share They have significant presence in Gujarat and expanding with key clients like ITC and Coca-Cola. |
Problem solved They provide seamless logistics solutions addressing freight, warehousing, and transportation challenges in India. |
Top clients or who we serve Serve B2B clients including ITC, Coca-Cola, Eastman, CenturPly, and Jindal India Pvt. Ltd. |
Key management Sujith Chandrashekar Kurup (Chairman & Managing Director), Chitra Sujith Kurup (Whole-time Director) |
Our journey and innovations Started warehousing in 2010, expanded to transportation in 2019, and coastal movement in 2023; launched IPO in 2024. |
Where we operate Mainly India with strong operations in Gujarat, Karnataka, Tamil Nadu, Maharashtra. |
Top products or what we offer Cargo handling, freight forwarding, project and third-party logistics, warehousing, distribution, coastal movement. |
Top brands Ashapura Logistics is known for ISO certified quality CHA and 3PL services with direct industry relationships. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly transactional and linked to logistics demand, both recurring contracts and project-based orders. |
Our industry position Growing player with strong foothold in western and southern India logistics market sectors. |
Financial highlights Consolidated revenue ₹230.97 Cr, net profit ₹12.29 Cr in FY 2024-25; steady growth post IPO in 2024. |
Geographical revenue split Major revenue from Gujarat (₹171.65 Cr), Maharashtra, Tamil Nadu and Karnataka contributing balance. |
Order book - |
Whats driving growth Fleet expansion, warehousing projects, new services like coastal movement, contracts with major corporates. |
Our future plans Expand warehousing in Mundra, Bangalore and Chennai; increase fleet size by 20 vehicles in FY 2025-26. |
Our green promise - |
Our people and values Focus on inclusive culture, compliance, employee well-being and strong corporate governance. |
Key challenges ahead Scaling operations efficiently, capital deployment for expansion, competition, regulatory compliance. |
Interesting facts ISO 9001:2015 certified and awarded multiple excellence certificates by CONCOR; listed on NSE EMERGE in 2024. |
Risks and strategy Risks include market competition and operational costs; strategy focused on diversification and technology adoption. |
