- Business
- Navkar Corporation Limited Navkar Corporation Limited (NAVKARCORP.NS) operates as an integrated multi-modal logistics provider in India, specializing in container freight station (CFS) facilities, inland container depots (ICD), rail terminals, container train operations, warehousing, maintenance and repair (MNR) services, and equipment pooling; its core offerings encompass import and export cargo handling including de-stuffing, stuffing, consolidation, sorting, barcoding, shrink wrapping, palletizing, and specialized facilities for hazardous cargo, project cargoes, temperature-controlled chambers, reefer containers, empty container storage, bonded and domestic warehousing, first/last-mile transportation, and equipment such as RTG cranes, reach stackers, trailers, forklifts, locomotives, and owned rakes. The company serves diverse sectors including manufacturing, automotive, chemicals, fertilizers, consumer goods, retail, commodities, paper, iron and steel, non-ferrous metals, tiles, petrochemicals, and agri-commodities, primarily targeting Indian and multinational customers with operations concentrated in western India, featuring three CFS facilities at Ajivali and Somathane in Panvel, Maharashtra (with aggregate capacity exceeding 535,000 TEUs annually), an ICD at Tumb near Vapi, Gujarat, and rail terminals in Mumbai and Morbi areas. Founded in 2008 and headquartered in Navi Mumbai, Maharashtra, Navkar recently underwent a major ownership change in 2024 when JSW Port Logistics Private Limited, a subsidiary of JSW Infrastructure Limited, acquired a 70.37% stake for approximately Rs 1,012 crore, establishing it as a subsidiary and enabling strategic expansions in port connectivity and supply chain solutions; this was followed in October 2025 by a proposed Rs 725 crore related-party transaction with JSW Steel Limited for logistics services including cargo handling, transportation, and stockyard operations, pending shareholder approval.