Cargotrans Maritime Ltd Share Price

The company was incorporated as “Cargotrans Maritime Private Limited” under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated April 16, 2012 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Thereafter, the company was converted from private limited to public limited, pursuant to a special resolution passed by the shareholders of its Company on June 01, 2022 and the name of the Company was changed from “Cargotrans Maritime Private Limited” to “Cargotrans Maritime Limited” vide fresh certificate of incorporation dated June 06, 2022 issued by the Registrar of Companies, Ahmedabad, Gujarat.

The company offers top notch Custom Clearance, Freight Forwarding, Warehousing & Transport Services to its customers worldwide. It started the business of freight forwarding in 2012 and has, since then, consistently grown its presence, enhanced the scope of services and increased its capabilities and expertise. In October, 2019, the company acquired 100% stake in Cargotrans Maritime Agencies (CMAPL) and Cargotrans Maritime Forwarding (CMFPL) to enter into the segment of custom house agent service and coastal transportation (i.e. transport of goods through sea within India). It has a Multi-Modal Transport Operator’s License, which enable it to issue a single negotiable multimodal transport document covering multiple modes of transport and position itself as an independent player in this field thus strengthening its revenue model. It also undertake work related to regulatory compliance services such as customs clearance, through CMAPL, which owns a valid Custom House Agent’s License.

The registered office of the Company is situated at Gandhidham, Gujarat and it has two branch offices at Ahmedabad & Rajkot and two port offices at Mundra and Pipavav. As on date of Prospectus, the company operates at 4 sea ports of Gujarat i.e. Mundra, Hazira, Kandla and Pipavav. Currently, it operate a fleet of 9 owned commercial trailers for moving containers and apart from this it also hire third party transport operators to meet the shipping demand of its customers. Its customers operate in various sectors, including food processing, agro-based, commodities, plastics, minerals, ceramics, trading, packaging, textiles etc.  The company is led by experienced Promoters with significant experience in the logistics industry. Its Promoters and Directors, Edwin Alexander, Manju Edwin and B Chandershekhar Rao possess an experience of around 20 years, 10 years and 25 years respectively in the logistics industry. Under their leadership, it has witnessed multi-fold growth in terms of revenue and profitability. Its management is assisted by a team of qualified and experienced personnel’s who have helped the company to anticipate and capitalize on customers’ requirements, manage and grow its operations and leverage and deepen customer relationships.

Business area of the company

The company is an international logistics solutions provider with core business of providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, custom clearance, warehousing and other value added services to the clients.

Key Events

• 2012:  Incorporation of the company as “Cargotrans Maritime Private Limited” under the Companies Act, 1956.
  
• 2013-14: Crossed turnover of Rs 15 crore.
  
• 2018-19: Crossed turnover of Rs 25 crore.
  
• 2019-20: Formed Wholly owned Subsidiaries, Cargotrans Maritime Agencies (CMAPL) in July, 2019 and Cargotrans Maritime Forwarding (CMFPL) in August, 2019.
• 2021-22: Crossed turnover of Rs 85 crore.
  
• 2022: Conversion of Company from Private Limited to Public Limited.