Ashapura Logistics Limited
NNSE:ASHALOG63.30
INR
+3.30
(+5.50%)
ISIN
INE0LAA01017
Return %
Stock
S&P 500
1Y
-11.59
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Sujith Chandrasekhar Kurup
- Sector
- Transportation
- Industry
- Air freight/Couriers
- Address
- Ahmedabad India
- IPO Date
- Aug 6, 2024
- Website
- ashapura.in
- Similar Companies
- Business
- Ashapura Logistics Limited is an India-based integrated logistics and supply chain management service provider. Founded in 2002 and incorporated in 2009, the company is headquartered in Ahmedabad, Gujarat, India. Ashapura Logistics operates primarily through four core business segments: Transportation, Cargo Handling and Freight Forwarding, Warehousing and Distribution, and Coastal and Multimodal Logistics. The company offers a comprehensive range of logistics solutions, including road transportation services encompassing full truckload (FTL) and less-than-truckload (LTL) transport, heavy and over-dimensional cargo (ODC) movement, project logistics, and end-to-end third-party logistics (3PL) solutions; cargo handling and freight forwarding services covering domestic and international ocean freight, air freight forwarding, customs house brokerage, import-export documentation, port handling, and container stuffing and unstuffing; warehousing and storage services providing modern storage facilities, inventory management, order fulfillment, and value-added supply chain services such as sorting, bar-coding, packaging, labeling, and refurbishing; and coastal shipping and port logistics facilitating sea-route cargo transit, coastal vessel handling, and container yard management. Ashapura Logistics serves enterprise clients across various industry verticals, including automotive, fast-moving consumer goods (FMCG), steel, paper, textiles, chemicals, and industrial manufacturing, with operational networks spanning key industrial states and port hubs across India, notably Gujarat, Maharashtra, Rajasthan, Karnataka, and Tamil Nadu. The company conducts integrated operations directly and through its subsidiaries, including Jai Ambe Transmovers Private Limited, Ashapura Warehousing Private Limited, and Amanzi International Private Limited. In recent corporate developments, Ashapura Logistics completed its initial public offering (IPO) on the National Stock Exchange of India (NSE Emerge platform) in August 2024, raising approximately INR 52.66 crore through a fresh issue of equity shares to fund capacity additions and working capital requirements. To support its operational growth, the company expanded its asset-based logistics fleet by procuring and deploying additional commercial trucks and heavy-duty vehicles, focusing significant asset additions around strategic trade hubs such as Mundra Port. Ashapura Logistics has expanded its geographic presence into key western and northern regional logistics corridors, including Maharashtra and Rajasthan, while securing new freight and logistics service contracts with corporate accounts such as ITC, Coca-Cola, CenturyPly, Eastman, and Jindal India.