AVANA LOGISTEK LTD

Maritime Gateway - - Session Three -

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

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.