Sahara Maritime Ltd - Stock Valuation and Financial Performance

The company was incorporated as “Sahara Maritime Private Limited” at Mumbai, as private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated March 06, 2009 issued by the Registrar of Companies, Mumbai. Subsequently, the status of the company was changed to public limited and the name of the company was changed to “Sahara Maritime Limited” pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the company held on February 24, 2023, and a fresh certificate of incorporation consequent to conversion was issued on April 28, 2023 by the Registrar of Companies, Mumbai. 

The company is registered with Director General of Shipping, Ministry of Shipping, Government of India to act as Multimodal Transport Operator, and is an ISO 9001:2015 certified Freight Forwarder. The company specializes in sea freight forwarding. The company’s Promoters Sohrab Rustom Sayed and Nadeem Aboobakar Hira, with over two decades of experience in the logistics industry have been the guiding force behind all the strategic decisions of the company. It caters services mainly in the domestic market specifically in the state of Maharashtra.

The company offers its customers a comprehensive range of freight-related services, along with ancillary transport management. Additionally, it has established 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. The company understands that each customer has unique shipment requirements, and it prioritizes building personal relationships with them to better understand their individual needs. To meet these needs, the company has proactively outsourced vendors and established partnerships, allowing it to offer a wide range of services at competitive prices. This asset-light business model grants its the flexibility to develop tailored logistic solutions across diverse industries while ensuring scalability of services. 

The company’s 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.

Business area of the company

The company is in the business of providing logistics Services offering to its customers, transport management services, freight related services etc. It offers its customers, transport management services, and also freight related services. It provides complete range of services like Freight Forwarding (Sea freight, Warehousing, Transportation, Multimodal Transportation, loading/unloading of items to facilitate its customers with end-to-end solutions and other related value-added services. 

Key events and milestones

• 2009: Incorporation of Company in the name and style of “Sahara Maritime Private Limited”.
• 2016: Multimodal Transport Operator Registration.
• 2019: Multimodal Transport Operator Renewal of Registration.
• 2022: Multimodal Transport Operator Renewal of Registration.
• 2023: Purchased own domain https://saharamaritime.com/.
• 2023: Conversion of the Company from Private Limited to Public Limited Company by change of name from “Sahara Maritime Private Limited” to “Sahara Maritime Limited”.
• 2023: Application for registration of Logo.
• 2023: ISO 9001:2015 Application.