Glottis Ltd IPO

About Glottis Ltd

Glottis Limited (our Company or the Issuer) was originally formed as a partnership firm under the name `Glottis' pursuant to a deed of partnership dated June 24, 2004, executed between our Promoters, namely, Ramkumar Senthilvel and Kuttappan Manikandan. Subsequently, our Promoters entered into a fresh partnership deed dated June 19, 2006 for registering the erstwhile partnership firm, Glottis with the Registrar of Firms, pursuant to which a certificate dated June 19, 2006 bearing number FR/Chennai North/249/2006 was issued by the Registrar of Firms. Pursuant to a resolution passed by the partners of the erstwhile partnership firm, Glottis, at their meeting held on January 31, 2022, the partnership firm was converted into a private limited company under the Companies Act, 2013. Subsequent to such conversion, pursuant to a certificate of incorporation dated April 18, 2022, issued by the Deputy Registrar of Companies, Central Registration Centre, our Company was incorporated as a private limited company under the name and style of `Glottis Private Limited'. Our Company was converted into a public limited company pursuant to a resolution passed by the Board of Directors at its meeting held on February 15, 2024 and by the Shareholders at an Extraordinary General Meeting held on February 16, 2024 and a fresh certificate of incorporation dated May 14, 2024 was issued by the Registrar of Companies, Central Processing Centre. Consequent to the conversion of our Company, the name of our Company was changed to `Glottis Limited'.

Indian ocean freight market has expanded from US$ 4.5B in FY19 to US$ 7.8B in FY24 and is projected to reach US$ 13.9B by FY29, with a robust CAGR of 11.9% over FY24-29. The Indian freight forwarding market has experienced steady growth, rising from US$ 6.2B in FY19 to US$ 10.1B in FY24, and is expected to reach US$ 17.0B by FY29, growing at a CAGR of 10.9% over FY24-29. With India's growing and diversifying economy, the demand for efficient and reliable freight forwarding services has significantly increased.

Our Company delivers end-to-end logistics solutions with multimodal capabilities across verticals to optimize the movement of goods across geographies including (i) ocean freight forwarding; (ii) air freight forwarding; (iii) road transportation; along with other ancillary services, including warehousing, storage, cargo handling, thirdparty logistics (3PL) services and custom clearance, among others. We have handled ~112,146 TEUs of imports through ocean during the Fiscal 2025. For further details, and break up of our segment wise Revenue from Operations during Fiscal 2025, 2024 and 2023 along with a percentage of Revenue from Operations.

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