Gconnect Logitech & Supply Chain Ltd IPO

About Gconnect Logitech & Supply Chain Ltd

Gconnect Logitech and Supply Chain Limited was incorporated as Gconnect Logitech and Supply Chain Private Limited pursuant to a certificate of incorporation bearing CIN U63030GJ2022PTC134029 dated July 20,2022, issued by the Deputy Registrar of Companies, Central Registration Centre. Thereafter, pursuant to a resolution passed by its shareholders in the extraordinary general meeting held on March 24, 2023, wherein the business of M/s Prithvi Enterprise, a sole proprietorship concern was taken over. Subsequently, the Company was converted into a Public Limited Company and the name of the Company was consequently changed to `Gconnect Logitech and Supply Chain Limited' and a fresh Certificate of Incorporation dated September 18, 2023 issued by Registrar of Companies, Ahmedabad.

The Indian logistics industry is growing, due to a flourishing e-commerce market and technological advancement. The logistics sector in India is predicted to account for 14.4% of the GDP. The industry has progressed from a transportation and storage-focused activity to a specialized function that now encompasses end-to-end product planning and management, value-added services for last-mile delivery, predictive planning, and analytics, among other things. One of the key drivers of this expansion is projected to be the rise of India's logistics industry, which employs 22 million people and serves as the backbone for various businesses.

Gconnect Logitech & Supply Chain Ltd is engaged in the business of providing surface logistics services viz. goods transport services. The Company offers its services to other logistic companies, including surface logistic companies and to direct customers. The range of services offered by the Company includes bulk load, Full Truck Load (FTL) service and dedicated load. Under bulk load, the Company offers bulk transportation service to large sized Companies through their transport contractors, Full Truck Load (FTL) service to retailers and traders, wherein the Company provides point to point services to the customers in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them (i.e. factory/warehouse). The Company also provide dedicated load service, which includes multiple pick-ups and drops. The Company mainly serves transport contractors and industrial customers, who have requirement to transport bulk quantities of their goods from one place to another within India.

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