Shadowfax Technologies Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as ‘Shadowfax Technologies Private Limited’ at Delhi, India as a private limited company under the Companies Act, 2013 pursuant to a certificate of incorporation dated April 21, 2015, issued by Registrar of Companies, Delhi. Further, pursuant to the resolution passed by Board of Directors of Company dated June 6, 2016 the registered office of the company was shifted from B-272 Street No-12 Bhajanpura Shahdara, Delhi-110053 to House No. 6A, Block NP, Pitampura, New Delhi – 110 034, India. Further, pursuant to a resolution passed by our Board on January 28, 2020 and a special resolution passed by our Shareholders on December 24, 2020 which was confirmed by an order of the Regional Director, Northern Region, Ministry of Corporate Affairs, New Delhi (“Regional Director”) dated June 21, 2021, the registered office of our Company was shifted from NCT of Delhi to the state of Karnataka with effect from June 25, 2021 and a certificate of registration of the order passed by Regional Director for change of state of our registered office was issued by the Registrar of Companies, Karnataka at Bangalore (“RoC”) on August 4, 2021. Further with effect from June 25, 2021 the registered office of our Company was changed from House No. 6A, Block NP, Pitampura, New Delhi – 110 034, India to 93/A, Appek Building, 1st Floor, 4th B Cross, Koramangala, 5th Block, Bengaluru, Karnataka, 560 095, India. Subsequently, our Company was converted from a private limited company into a public limited company pursuant to the Board resolution dated March 3, 2025 and the special resolution passed in the extraordinary general meeting of our Shareholders held on March 6, 2025 and consequently the name of our Company was changed to ‘Shadowfax Technologies Limited’ and a fresh certificate of incorporation dated April 21, 2025 was issued by the Registrar of Companies, Central Processing Center, Manesar, Haryana.

Major events and milestones:

2015

- Our Company was incorporated in April 2015

- Our Company acquired the business assets of Pickingo Logixpress Private Limited, pursuant to an asset transfer agreement

2017

- Launched India’s first Doorstep Quality Check (“DQC”) for e-commerce customers

- Our Company acquired the business assets of Nuvo Logistics Private Limited, pursuant to an asset transfer agreement

2018

- Launched ‘forward third-party logistics (“3PL”)’ service for e-commerce and direct-to-customer (“D2C”) brands

2020

- Started operations of our first automated sorting centre in Gurgaon

2021

- Built a network of 47 middle mile facilities across the country for end-to-end operations

2022

- Entered the quick commerce delivery space

- Launched Shadowfax Flash, our intracity C2C delivery service

2023

- Enabled EV vehicle leasing on our platform for our gig partners

- Launched large / volumetric express parcel category under value added services

- Introduced ‘SF Maps’, an AI-based address intelligence system to enhance delivery accuracy and efficiency

2024

- Achieved Adjusted EBITDA breakeven for the Financial Year 2024

- Achieved pan India expansion to more than 3,300 first and last mile facilities covering more than 2,200 cities

- Expanded same day and next day delivery service to more than 30 cities- Scaled quick commerce service to 50 cities and hit 300,000 orders per day

- Achieved 2.50 million orders per day during festive season

- Completed 1 billion orders to the end customers since inception

- Emerged as the largest 3PL company for the same day delivery, reverse shipment and quick commerce in terms of order volume as of and for the year ended March 31, 2025 and three months ended June 30, 2025

2025

- Acquired Criticalog India Private Limited, strengthening our capacity to handle high-value and time critical shipments

- Achieved Profit After Tax for the Financial Year 2025

- Launched state of the art multi-tier automated sorting center in Bilaspur (Haryana) and Bengaluru (Karnataka)