The company was originally incorporated as Aqua Logistics Private Limited on September 20, 1999 under the Companies Act, 1956. The company was converted into a public limited company vide fresh Certificate of Incorporation dated March 05, 2009 and subsequently the name of the company was changed to “Aqua Logistics Limitedâ€. Promoters of the company are Rajesh G. Uchil, M.S. Sayad, Harish G. Uchil and Gopalkrishna G. Uchil.
The company was initially promoted for freight forwarding business. After gaining expertise and customer support, it became a multimodal transport operator. It started as a freight forwarding company in the year 1999 and has, since then, consistently increased the capabilities and scope of the services. As an external service provider the ambit of services cover critical services which are required to execute end-to- end logistic needs. These include Multimodal Transportation, Contract Logistics, Regulatory Compliance, Warehousing, Value Added Services and Project Logistics.
The company in the year 2003 bagged its first project logistics order from ABB Limited and the first contract logistics order from Tellabs India Private Limited. 2005 onwards, the company expanded its presence in major cities with its regional office situated in Delhi and branch offices in other parts of the country. Further, in 2006, the company, vide Agreement for Succession of Business dated July 26, 2006, acquired the entire business of the firm; M/s. Rajesh G. Uchil & Co., (a partnership firm established in the year 1989, comprising of Rajesh G. Uchil, Harish G. Uchil and Gopalkrishna G. Uchil as partners) as a going concern with all the assets and liabilities. The valuation of the business of the partnership firm was done by Yardi Prabhu Consultants Private Limited, Consultants and Valuers, vide their report dated April 23, 2006, and the consideration was paid by way of issue of 37,61,100 Equity Shares.
The company is headquartered in Mumbai and has presence in major locations such as New Delhi, Chennai, Bangalore, Ludhiana, Baroda, Cochin and Pune. The international logistics operations are supported by a network of 3PL partners and vendors that enables to service client requirements across India and abroad as well. It delivers international logistic services by using air, sea and surface, as modes of transportation. The regulatory compliance services include customs and industry-specific regulations. It has a Multi-Modal Transport Operator’s License, an IATA Accreditation and a Custom House Agent’s License for servicing the customers’ requirements.
The company is a full-scope 3 PL (third-party logistics service provider), delivering end-to-end solutions in the logistics and supply chain domain to the customers. The capabilities include supply chain consulting, logistics execution and project logistics. The operations and consulting teams, deliver logistics solutions, to the client’s by aligning the strategic and the operational perspectives.
Services offered by the company:
It is an asset-light, technology enabled third party logistics service provider. This allows it to be flexible and seek alternatives that are customised to the specific needs of the clients. It also believes that the asset light 3PL business model is highly scalable and rapidly expandable across geographies.
As a global logistics and supply chain partner, the scope of the services includes the following:
Multimodal Transportation- Air, Ocean, Inland Transportation and Regulatory services.
Contract Logistics- Handles contract based logistics services that involve outsourcing of more than one logistics servicewarehousing, Containerization and Reverse Logistics.
Project Logistics- Handles projects of odd and oversized cargo movement with specialized transport vehicles. The company offer project and heavy-lift logistics services to diverse industries such as power, petrochemicals, and Heavy Engineering.
Milestones:
- 1999 - Incorporated as a Private Limited Company
- 2001 - Obtained MTO License from Ministry of Shipping, Road Transport and Highways, Directorate General of Shipping - Obtained Certificate of Registration from IATA
- 2005 - Established Regional Office in Delhi
- 2006 - Established Regional Office in Chennai-Took over the entire business of the partnership firm, M/s. Rajesh G. Uchil & Co.
- 2007 - The Company raised funds for operations by Private Placement of Equity Shares to Carwin Mercantiles Private Limited
- 2008 - The Company raised funds for operations by Private Placement of Equity Shares to Enam Shares & Securities Private Limited and HT Media Limited.
- 2009 – The Company raised funds for operations by Private Placement of Equity Shares to Subhkam Ventures (I) Private Limited
Awards and Achievements:
- 2004- Certificate from Power Grid Corporation of India Limited for handling the inland logistics and customs clearance activity of the Vizag-II, 1x500 MW Back to Back HVDC project excellently.- Received Certificate of Commendation from Tellabs for successfully completing the Assignments of Contract Logistics.- Certificate of Commendation from ABB in respect of custom clearance, ground transportation and critical inputs to key logistics operations in Vizag-II, 1x500 MW Back to Back Station Transport Contract.
- 2005- Certificate of Commendation from Hy-Grade Pellets Limited for executing and managing their critical consignment relating to the 35MW captive power project for the Vishakhapatnam unit.-Certificate of Commendation from Shapoorji Pallonji & Co. Limited for executing and managing time bound consignment relating to Providence Cricket Stadium, Guyana, South America.
- 2007- Certificate for Official Logistics Service Provider associated with the Hospitality Committee 4th Military World Games, October 2007.
- 2008- Certificate of Commendation from Mr. Suresh Kalmadi, Chairman, Organising Committee, 3rd Commonwealth Youth Games (CYG) – 2008 held at Pune in October 2008.
