Patel Integrated Logistics Ltd

Patel Integrated Logistics Ltd. (Formerly Patel Roadways Ltd) is a part of the Patel group of companies. The company was founded by Asgar S Patel in 1959 . It offers various types of logistics services. Recently, the company has expanded its business into other sectors like aviation and leather goods. This had a positive impact on the Patel Integrated Logistics share price.

Business Activities of Patel Integrated Logistics

The company works in the following industries:

• Air Cargo Services: The company is involved in the air cargo industry under the division--Patel Airfreight[2] , which offers transportation of high-density goods by air and land. It operates both in India and abroad. It has 89 branches in the country. Additionally, it offers import services too.
• Exports : It has started exports of seafood, medical equipment, garments, leather goods, engineering goods, and granite.
• Health and Fitness Industry: It ventured into the health and fitness industry by obtaining a franchisee of the UFC GYM[4]  in the financial year 2020-21.

The diversification into different sectors has been beneficial for the company and its share price. You can check the Patel Integrated Logistics share price NSE on BlinkX.

Subsidiaries of Patel Integrated Logistics 

The company has the following subsidiaries:

Clockwise Cargo Division

Clockwise Cargo, a division of PRL, offers doorstep delivery systems from the consigner to the consignee.

Corporate Logistics Division

Corporate Logistics provides a comprehensive distribution solution to multinational corporations. The services offered include:

• Collection of goods at the manufacturing site
• Warehousing facilities
• Total inventory control
• Deliveries to retail outlets throughout the country

Mergers and Amalgamations

• Merger of Group Companies: It had a new creation with the merger of the two Group Companies - Patel Roadways Ltd. and Patel On-Board Couriers Ltd.
• Merger with Patel On-Board Couriers Ltd. (POBCL): The Company launched Patel Retail in 2006, its premium home delivery service. The Scheme of Amalgamation of Patel On-Board Couriers Ltd. (POBCL) with the company became operative on 1st April 2005. Various services like co-loading couriers and air freight came under the company, making it a complete logistics solutions provider with products like traditional road freight transport, and co-loading of couriers.

These mergers have streamlined the business operation of the company, enhancing its returns and share market performance. You can find the Patel Integrated Logistics share price target on BlinkX.

Key Personnel of Patel Integrated Logistics

• Asgar S Patel is the Chairman of the company.
• Mahesh Fogla is the Executive Director.
• Hari Nair is the Non-Executive Independent Director.

These key personalities have played a major role in the performance of Patel Integrated Logistics Ltd share price.

Patel Integrated Logistics Corporate Actions

• A public issue was made in 1994 to raise funds for increasing the fleet of trucks from 66 to 166. The company also purchased LCVs to enable it to cater to bulk items such as newsprint and commodities.