Sunsky Logistics Ltd. IPO

The Company was incorporated under the name and style of ‘Sunsky Logistics Private Limited’, a private limited company under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated July 05, 2020, issued by the Registrar of Companies, ... Central Registration Centre. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by the Board of Directors in their meeting held on January 10, 2024, and by the Shareholders in an Extraordinary General Meeting held on February 7, 2024, and consequently the name of the Company was changed to ‘Sunsky Logistics Limited’’ and a fresh certificate of incorporation dated July 16, 2024, was issued by the Registrar of Companies, Central Registration Centre. The corporate identification number of the Company is U74999GJ2020PLC114376. The Company was incorporated by Mrs. Pushpa Devi Vaishnav and Mrs. Peenaben Shrenikbhai Shah, being the subscribers to the Memorandum of Association. Subsequently, on November 26, 2020, Akash A Shah acquired a fifty percent stake of the Company by way of the acquisition of Equity Shares. The Company is engaged in the business of integrated logistics solutions. We are involved in the management and coordination of the movement of materials or finished goods throughout the supply chain, from the point of origin to the destination. We provide third party logistics services which is popularly known as “3PL” services. “3PL” services comprise freight forwarding, cargo handling, door-to-door distribution, multi-transport operator, and customs clearance services. It encompasses local transportation at the billing end, freight services and custom clearance to again transportation to enable goods reach the destination. We have developed network of agents in the major export markets who liaise with local customs for clearance and are responsible for the delivery of goods to their respective clients. Simultaneously, we have working relationship with multiple shipping companies with whom we regularly deal in exporting or importing of consignments. This relationship with multiple partners in shipping lines has kept us in good stead in procuring good rates and are able to take order and make deliveries on time. We are a member of World Shipping Alliance (WSA) and Bling Logistics Network Inc (Bling). This network is essentially of forward freight agents, shipping lines and other allied people involved in the forward freight industry. Being a member to this network helps us to secure agents who can help us get the custom clearance at various export destination. Hence, we are able to provide services to all major export destinations like Americas, Africa, Europe and Asian countries. We are also engaged in the handling of project cargo, which is a specialized activity requiring detailed planning and technical expertise. The comprehensive project handling service includes designing and executing customized solutions tailored to meet specific customer requirements for the transport of specialized equipment, from one location to another using multiple modes of transport, as per the requirement of customer. We are also involved in the management and coordination of the movement of raw materials or finished goods throughout the supply chain, from the point of origin to the destination. The company achieved a significant milestone by obtaining the Multimodal Transport Operator (MTO) license on December 7, 2021, vide which the company provides single as well as multimodal transportation services which involves the coordinated use of multiple modes of transportation (such as road, rail, sea, air) within a single, integrated supply chain to optimize efficiency and meet the unique requirements of shipments, right from the shipment planning, route optimization, carrier selection, documentation, containerization, tracking, to communication and coordination, last-mile delivery. Read more

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industry stheces. The data may have been reclassified by us for the purpose of presentation. Neither we nor any other person connected with the issue has independently ... verified the information provided in this section. Industry stheces and publications, referred to in this section, generally state that the information contained therein has been obtained from stheces generally believed to be reliable, but their accuracy, completeness and underlying assumptions are not guaranteed, and their reliability cannot be assured, and, accordingly, investment decisions should not be based on such information. Read more