Marinetrans India Ltd - Stock Valuation and Financial Performance

Marinetrans India was incorporated as ‘Marinetrans India Private Limited’ on June 24, 2004, certification of incorporation under the provision of Companies Act, 1956 issued by the Assistant Registrar of Companies, Mumbai. Further, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Mumbai consequent upon conversion from Private Limited to Public Company dated May 18, 2023,in the name of ‘Marinetrans India Limited’.

Marinetrans India initially started as a freight forwarder, then went to Door-to-Door Delivery and 3PL services for the logistics industry via informal arrangement with the third-party service providers. It offers its customers a comprehensive range of transport management and freight-related services. Its services encompass Freight Forwarding, including both sea freight and air freight. Additionally, it have informal partnerships with various intermediaries to provide ancillary services such as Transportation, Multimodal Transportation, Project cargo handling, Third Party Logistics, Packaging, loading/unloading and unpacking of items. These additional services enable it to provide end-to-end solutions and other value-added services that cater to its customers’ diverse needs.

Its primary objective is to ensure the safe transportation and delivery of goods from start to finish. It achieves this by leveraging its expertise to identify and recommend the optimal solution for each client’s specific business environment. Its dedicated team of skilled shipping and customs specialists works diligently to provide clients with customized solutions at affordable rates. Strengthening customer relationships and consistently delivering quality products, services and solutions are at the core of its mission.

The company operates from its Head office situated in Navi Mumbai, Maharashtra, along with one of its branches located in Ahmedabad, Gujarat. The company mainly operates through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, etc. and can take cargo from any location in India to across the world. The company is mainly responsible for obtaining and confirming the Sales Booking Request, Confirming the Shipping Line, ensuring Direct Customer Transport, Stuffing and ensuring transportation in dock, and co-ordinating with the customer until the delivery of the goods. Since, the company is majorly a point of contact between the Shipping Line, and the customer, the Company does not per se operate through ports.

Business area of the company

The company is engaged in the business of International Freight Forwarding, Non Vessel Common Operating carrier (NVOCC), Sea Freight Booking in the Shipping Industry. The company initially started as a freight forwarder, then went to Door-to-Door Delivery and 3PL services for the logistics industry via informal arrangement with the third-party service providers.

Services of the company 

• Freight Forwarding
• Transportation
• Multimodal Transportation
• Other Value-Added Services

History and milestones 

• 2004: Incorporation on June 24, 2004.
• 2020: Scheme of Arrangement between Marinetrans India Private Limited (Demerged Company) (Now Converted to Public Limited company and name is changed to Marinetrans India Limited) Safewater Lines India Private Limited (Resultant Company) and their respective shareholders and creditors Under Section 230 to 232 of The Companies Act, 2013 was approved by National Company Law Tribunal vide letter reference number CP(CAA)/4039/MB-II/2019 dated July 31, 2020. Scheme will be effective from April 01, 2019 (Appointed Date).
• 2023: The Company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Mumbai consequent upon conversion from Private Limited to Public Company dated May 18, 2023, in the name of ‘Marinetrans India Limited’.