Marinetrans India Share Price

Marinetrans India Limited, formerly known as Marinetrans India Private Limited was incorporated on June 24, 2004 in Mumbai. The Company was converted into a Limited Company through a fresh Certificate of Incorporation dated May 18, 2023, issued by the Registrar of Companies, Mumbai.Company was founded by Mr. Tiraj Kumar Babu Kotian. Marinetrans is one of the leading provider of comprehensive logistics solutions, specializing in freight forwarding, warehousing, transportation, and supply chain management. The core business encompasses freight forwarding, including both sea and air freight, transportation, multimodal transportation, and a range of valueadded services. We adopt an assetlight business model, partnering with a robust network of thirdparty logistics providers to deliver efficient and costeffective solutions. Headquartered in Navi Mumbai with a branch in Ahmedabad, we operate primarily through major Indian ports, facilitating seamless cargo movement across the globe.However, after 15 years, the Company Board passed a Resolution approving for a Demerger Scheme on April 10, 2019, separating the Company, and Safewater Lines India Private Limited. Consequently, in July 2020, the Company and Safewater Lines India Private Limited got demerged through Scheme of Arrangement effective on April 10, 2019 and the whole of demerger undertaking was transferred to and vested in as a going concern with Safewater Lines India Private Limited. The Company offers a comprehensive range of freight forwarding services, including sea freight and air freight. Additionally, it has established partnerships with various intermediaries to provide ancillary services such as Transportation, Multimodal Transportation, Project Cargo Handling, Third Party Logistics, Packaging, Loading/Unloading, and unpacking of items, which helps to provide endtoend solutions and other valueadded services to cater to the diverse needs of customers. The company mainly operates through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, etc. and can take cargo from any location in India to across the world.As a multimodal transport operator, the Company integrate different modes of transport, including air, sea, and land, to provide efficient and costeffective doortodoor movement of goods. It provide valueadded services such as doortodoor delivery, cargo handling, packing, etch. Doortodoor delivery simplifies logistics management, while cargo services cater to the unique requirements of transporting items for exhibitions.Company made an IPO by allotting a fresh issue of 42,00,000 equity shares of Rs 10/ per share and raising funds aggregating to Rs 10.92 Crore in December, 2023.The Company has enhanced outlays for highways, coastal shipping, and logistics parks under Gati Shakti initiatives in FY 2025.