Iware Supplychain Services Ltd IPO

About Iware Supplychain Services Ltd

Iware Supplychain Services Limited was originally incorporated as Iware Supplychain Services Private Limited on 17.01.2018 under the Companies Act, 2013 vide certificate of incorporation issued by the Registrar of Companies/ Central Processing Centre, Manesar. Subsequently, the name of the company was changed from Iware Supplychain Services Private Limited to Iware Supplychain Services Limited under The Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the Extra-Ordinary General Meeting held on 15.10.2024 and had obtained fresh certificate of incorporation dated 27.11.2024 issued by the Registrar of Companies/ Central Processing Centre, Manesar with Corporate Identification Number of the Company U63090GJ2018PLC100589.

The Indian logistics sector is crucial to economic growth and is a world-leading sector that connects various components of the economy. It includes transportation, warehousing and supply chain solutions. The Department of Commerce's logistics division, established in 2017, oversees its development. Despite a GDP drop in 2020 due to COVID-19, India saw a strong recovery in 2021-2022. The logistics sector, which accounts for 14.4% of GDP, is crucial for manufacturing growth and is supported by initiatives such as Make in India. Technological advancements are enhancing automation and process optimization, significantly boosting efficiency in the sector. This progress is fuelled by the growth of e-commerce and various government infrastructure projects. The warehousing sector is expected to witness strong growth as modern equipment and technology-driven solutions improve efficiency and sustainability. The Indian bearings market is expected to reach $34.99 billion by 2027, growing at a CAGR of 15.64%. Key players include logistics and e-commerce companies expanding into tier 2 and tertiary cities. The growth of the sector is further supported by government initiatives towards improving infrastructure and digitization aimed at reducing logistics costs and increasing efficiency.

Iware Supplychain Services Limited is a pan-India logistics company that provides integrated solutions across five different type of services (i) Warehousing (including third-party logistics (3PL) and Carrying & Forwarding Agent), (ii) Transportation (Including Carrying & Forwarding Agent) (iii) Rake Handling Services and (iv) Business Auxiliary Services (v) Rental Income. Established on 17.01.2018 at Ahmedabad, Gujarat, the Company operates through branch offices across key states such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana and Delhi. With over 6 (Six) plus years of operational experience since inception, backed by the combined experience of more than 20 years of the promoters, the Company has significant growth in vehicle fleet of 47 vehicles. Owing to its nationwide reach, experienced management and large fleet, the company excels in providing efficient end-to-end logistics solutions.

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