Navkar Corporation Ltd

Navkar Corporation Limited is one of India's largest Container Freight Stations (CFSs) and Inland Container Depots (ICDs), Rail Terminals, Container Train Operator, Warehousing and other supporting Logistics Solution providers. The Company provide a wide range of customised, technology-enabled integrated logistics solutions and corporate mobility services. As on March 31, 2025, the Company has three Container Freight Stations, two at Ajivali and one at Somathane in Panvel with aggregate installed capacity of over 5,35,000 TEUs per annum. In addition to CFS facilities, it also operate an Inland Container Depot (ICD) in Morbi. The network consists of 3 CFSs in the vicinity of Nhava Sheva Port, 1 ICD in the hinterland of Saurashtra at Morbi served through Mundra and Kandla Ports, 2 PFTs, one adjacent to CFS at Somathane and one adjacent to ICD at Morbi, assorted bonded warehousing, general warehousing and transportation assets at all facilities, and 8 owned container rakes. The Company serve Indian and Multinational companies across a multitude of sectors, including Manufacturing, Automotive, Chemicals and Fertilizers, Consumer Goods, Retail, Commodities, Paper, Iron & Steel, Non Ferrous Metals, Tiles, Petrochemicals, Agri-commodities amongst other industries. Navkar's Inland Container Depot (ICD) is located at Tumb, Near Vapi in the state of Gujarat in close proximity of Industrial belt. Navkar has a rail capacity of 3 operational lines. Navkar Corporation Ltd was formed pursuant to the conversion of a partnership firm, M/s Navkar Infra and Logistics Corporation, into a joint stock company under Part IX of the Companies Act, 1956. The Partnership Firm was constituted by a partnership deed dated July 7, 2007. In financial year 2008, the partners of the Partnership Firm passed a resolution dated July 1, 2008 to carry out the business of the Partnership Firm through a company limited by shares. Pursuant to the partnership deed, upon the conversion of the Partnership Firm into a joint stock company consequently, the company was incorporated as Navkar Corporation Limited' on September 29, 2008 as a public limited and joint stock company under Part IX of Companies Act, 1956 with the RoC. The Company received the certificate for commencement of business on September 30, 2008. Navkar Corporation completed its Initial Public Offering (IPO) pursuant to which 3,29,03,225 equity shares of the Company of Rs. 10 each were allotted at a price of Rs. 155 per equity share. The IPO was open for subscription during the period from 24 to 26 August 2015. The equity shares of the Company were listed on BSE Limited and The National Stock Exchange of India Limited on September 9, 2015. During the financial year ended 31 March 2016, the company's subsidiary Navkar Terminals Limited (NTL) made significant progress in its project of developing an Inland Container Depot (ICD) adjacent to the proposed logistics park of the company near Vapi, Gujarat. During the financial year ended 31 March 2017, the company started Inland Container Depot (ICD) operations at Vapi with an approximate installed capacity of 5,00,000 TEUs per annum. Navkar Corporation successfully raised Rs 144,77,41,914 through Qualified Institutional Placement (QIP) in October, 2017 by issuing 79,11,158 Equity Shares (Face Value Rs. 10/- each) at the price of Rs. 183/- each. The erstwhile Navkar Terminals Limited (NTL) was amalgamated with the Company in 2018-19 and the Scheme became effective from May 11, 2018. In terms of consideration, the Company issued and allotted 99,790, 6% Cumulative Redeemable Preference Shares of Rs 100/- each, to Preference Shareholders of Navkar Terminals Limited. The Private Freight Terminal was made operational at Tumb in Gujarat in 2018-19. The Inland Container Depot (ICD) of the Company commenced operations at Taluka Maliya in Morbi Dist. effective from March 01, 2023. The Company sold the business undertaking under the ICD operation at Tumb Village, in Gujarat as a going concern via Slump Sale to Adani Forwarding Agents Private Limited in 2023. The ownership of the Company was transferred to the wholly owned subsidiary, JSW Port Logistics Private Limited on October 11, 2024 through a Share Purchase Agreement (SPA) in June, 2024. Further, JSW Port Logistics Private Limited has acquired 1299 equity shares and the Company became a subsidiary of JSW Port Logistics Private Limited in FY 2025.