AVANA LOGISTEK LTD
Avana Logistek Ltd has been presented the Special Jury Award. Avana Logistek Ltd was formed through the merger between Shreyas Relay Systems Ltd and Balaji Shipping Lines. Avana is a leading integrated logistics solutions provider, offering customized and end-to-end solutions to domestic and international markets. The company offers a broad spectrum of strategic and operational logistics support services to domestic and international geographical markets through seamless, energy efficient and "environment friendly" logistics solutions. Avana’s technology-enabled, "asset-light" business model allows scalability to the services it provides. Its robust streamlined business and operational processes enable to offer efficient and customized logistics solutions to customers.
The seamless connectivity Avana provides between various ports ensures integrated coverage which its customers can utilize to manage cost, time and productivity efficiencies. The company has designed its end-to-end solutions offering to offer cost advantages to customers. Recently in June 2018, Avana Logistek has filed a draft prospectus with the Securities and Exchange Board of India for an initial public offering. The IPO will comprise a fresh issue of shares for up to `300 crore ($44 million) and an offer for sale of 4.3 million shares by promoter group firm Transworld Holdings Ltd, according to a stock-exchange filing.
Avana provides coastal container services and road and rail transportation services in India. Its overseas offerings include refrigerated and dry cargo movements between the Indian sub-continent, the Middle East, Southeast Asia and the Far East, along with freight forwarding and liner agency services. Avana has also been instrumental in bringing forward the potential of coastal shipping in India.
Avana provides energy efficient and environment friendly and cost effective logistics solutions as carbon dioxide emissions from coastal shipping are minimal compared to roads and rail. The company pioneered the business of coastal container service by commencing operations in 2005 and are the largest domestic coastal logistics solutions provider.
(L to R) Namrata Malushte, Company Secretary & Chief Governance Officer, Avana logistex ltd, K Sathianathan, Managing Director, DLInfrastructure; Kapil Dev, Former Captain, India Cricket Team