What we do Velox Shipping and Logistics Ltd specializes in freight contracting, shipping agency, and multi-modal transport operations in India transitioning from foods and beverages. |
Founded in 1,983 |
Market share Positioned as a growing player in Indian logistics sector with increasing revenues and profitability. |
Problem solved Provides efficient freight and shipping solutions, addressing transport and logistics needs for businesses. |
Top clients or who we serve Serves businesses requiring freight, shipping agency, and logistics services in B2B market. |
Key management Debashis Mukherjee (Managing Director), Kiwa Mehul Shah (Chief Financial Officer), Sushil Dattatraya Sindhkar (Non-Executive Director). |
Our journey and innovations Established in 1983, shifted from food industry to logistics. Enhanced governance with new directors; focused on operational efficiency and compliance. |
Where we operate Primarily operates in India with focus on domestic freight and shipping services. |
Top products or what we offer Freight contracting, shipping agency services, consolidation, and multi-modal transport operations. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue driven by freight logistics contracts, typically recurring with service contracts and freight handling fees. |
Our industry position Emerging logistics firm with improving financials and governance, competing locally in freight and shipping agency services. |
Financial highlights Revenue of Rs.69.50 Lakhs and Profit after tax Rs.43.95 Lakhs for financial year 2024-25, showing significant profit growth. |
Geographical revenue split Revenue primarily from Indian domestic operations; no reported international revenue. |
Order book - |
Whats driving growth Growth driven by expansion into shipping and logistics from former food business, operational efficiencies, and improved management. |
Our future plans Focus on consolidating logistics operations, enhancing service quality, and expanding client base within India. |
Our green promise Committed to energy conservation and environmental safety in operations through alternate energy and compliance. |
Our people and values Emphasizes workforce efficiency, safety, diversity, and inclusive workplace aligned with regulatory compliance. |
Key challenges ahead Navigating competitive logistics sector, regulatory compliance, and scaling operations profitably. |
Interesting facts Transitioned from food and beverages to shipping and logistics, reflecting strategic business realignment. |
Risks and strategy Mitigates industry and operational risks through governance, strong auditing, and compliance with Companies Act. |
