#### **Overview** S J Logistics (India) Ltd. is a Mumbai-based, fully integrated international logistics and supply chain solutions provider with over **two decades of experience** in the freight and project logistics industry. Incorporated in 2003 and listed on the **NSE Emerge Platform in December 2023**, the company has evolved from a traditional freight forwarder into a diversified, forward-integrated logistics powerhouse. Operating across **6 continents and more than 30 countries**, it serves diverse sectors including textiles, tyres, transmission towers, heavy engineering, agro-commodities, pharmaceuticals, and automotive. --- #### **Core Services & Business Segments** S J Logistics offers end-to-end multimodal logistics solutions under the following key verticals: 1. **Freight Forwarding (Oceans & Air)** - A flagship service since inception, covering **port-to-port and door-to-door** ocean and air freight. - Major export lanes: **Latin America, Africa, Gulf, Mediterranean, Europe, and Southeast Asia**. - Specialized in handling **high-volume single-lot shipments**, especially from Gujarat and Kolkata. 2. **NVOCC (Non-Vessel Operating Common Carrier)** - Entered the NVOCC space in 2025, issuing **House Bills of Lading (HBLs)** and managing cargo under its own brand. - Owns over **2,000 containers**, with plans to add another 2,000; targeting **90–95% utilization**. - Offers dry, open-top, and flat-rack containers, with expansion into reefer services for perishables. - Earned **₹31.93 crores in H1 FY26**, a **1,400% YoY growth**, driven by expanded networks into Libya, Russia, and the Mediterranean. 3. **Project Cargo & ODC (Over-Dimensional Cargo)** - A high-margin, strategic growth driver accounting for **50% of total revenue in FY24**, up from 38% in FY23. - Handles complex, high-value shipments such as: - Transmission towers (to Latin America, Africa) - Earth-moving equipment (Caterpillar, JCB) - Break-bulk, switchgear panels, laminated leaf springs - Provides **turnkey, multimodal solutions** including inspection, loading, lashing, customs clearance, and inland delivery. - Revenue from project cargo: **₹267+ crores in FY25**. 4. **Customs Clearance & Inland Transportation** - Offers full-service customs clearance via **CHA (Customs House Agent) partnerships**. - Operates a **first-mile to last-mile inland network** across India with a vendor ecosystem. - Special handling for **duty-exempt cargo and challenging destinations**. 5. **Warehousing & Distribution** - Leased **38,910 sq. ft. warehouse in Bhiwandi (Thane)**, a key logistics hub in Western India. - Plans to acquire **large, multi-user warehouses in strategic Indian hubs** to support rapid delivery and inventory management. - Facilitates both **consolidation and distribution** for domestic and international clients. 6. **Air Cargo** - Launched after securing **IATA accreditation in July 2024**. - Generated **₹14.26 crores in first 6 months (Apr-Sep FY26)**. - Targets high-margin sectors: **pharmaceuticals, perishables, e-commerce, electronics**. - Partnerships with **8 international airlines** established in FY26. 7. **Direct Vessel Operations (New Strategic Vertical – Q3 FY26)** - Launched in **November 2025** through its Dubai-based subsidiary **S J Logisol Shipping LLC (acquired June 2025)**. - **Maiden service**: *Suez Express Service* (904 TEU vessels) on an **18–21 day rotation**: - **Route**: Jebel Ali ↔ Kandla ↔ Nhava Sheva ↔ Jeddah ↔ Alexandria → Extended to Libya, Turkey, Russia, and East Africa. - Focus on **80–90% vessel utilization**; excess capacity sold to third-party NVOCCs. - Enables greater control over **schedules, routing, cargo pricing, and reliability**. --- #### **Strategic Expansion & Global Presence** - **Subsidiaries**: 1. **S J Logisol Shipping LLC (Dubai)** – vessel operations & Middle East expansion. 2. **SJA Logisol India Private Limited** – domestic logistics. 3. **S.J.L. Group Singapore Pte Ltd** – ASEAN and global trade hub. - **Global Offices**: India (Mumbai, Vizag, Bhiwandi), UAE (Dubai), Singapore. - **Agency Network**: **2,000+ global agents** across 30+ countries. - **New Offices**: Vizag (inaugurated Jan 2025) to tap eastern India’s export potential. --- #### **Key Developments (2025)** | Milestone | Date | Impact | |--------|------|--------| | Acquisition of S J Logisol Shipping LLC (Dubai) | Jun 2025 | Enabled entry into vessel chartering and Gulf operations | | IATA Accreditation | Jul 2024 → Rollout from Aug 2024 | Launched air cargo division | | Launch of NVOCC services | May–Aug 2025 | Entered carrier role; issued 5,000+ HBLs in FY25 | | NVOCC revenue: ₹31.93 crores (H1 FY26) | Nov 2025 | Over 1,400% YoY growth | | Preferred logistics partner for 3 leading tyre makers | Jan 2025 | JK Tyre, Yokohama (ATC), Mahansaria; 400+ TEUs guaranteed | | SAIL Empanelment | Oct 2025 | Entry into **PSU logistics market**, enhancing credibility | | Direct vessel operations launch | Nov 2, 2025 (Q3 FY26) | Forward integration milestone; improved control & margins | --- #### **Geographic Focus & Trade Lanes** - **Key Trade Corridors**: - **India → Middle East, Red Sea, Mediterranean, Africa, South America, Russia**. - **Backhaul**: From Southeast Asia (textiles from Vietnam, China) to Latin America. - **Specialized Routes**: - **Suez Express Service**: Connects India-Gulf-Red Sea-Mediterranean-Black Sea. - **India-Africa**: Uses gateway ports (Mombasa, Dar es Salaam) for landlocked destinations. - **India-Latin America**: Discharges via Chile/Peru for inland delivery to Bolivia, Ecuador. --- #### **Financial Performance (FY2024–25)** - **Consolidated Revenue**: **₹502 crores** (+86% YoY) - **EBITDA**: Up **156%** - **PAT**: Up **132%** - **Strong cash flow and working capital metrics**, supported by **asset-light model**. - **NVOCC & Air Cargo** contributed 6%+ of total revenue in H1 FY26. --- #### **Business Model & Competitive Edge** - **Asset-Light & Capex-Light Model**: - No owned vessels; uses **charter agreements** and **vessel leasing**. - Leverages **partner networks, leased containers, and outsourced inland transport**. - Ensures **operational flexibility, scalability, and lower fixed costs**. - **Forward Integration Strategy**: - Evolved from freight forwarding → NVOCC → **vessel operations**. - Enhances **control, pricing power, and margin stability**. - **Digital & Operational Excellence**: - Uses **AI-based routing, IoT tracking, and digital freight platforms**. - **In-house documentation team** reduces international shipment turnaround times. --- #### **Client Base & Market Positioning** - **Serves 150+ clients** across multiple industries. - **40% repeat business in FY23**; long-term contracts in project cargo (1–3 years). - **Government & PSU Focus**: Empanelled with **SAIL**, targeting other PSUs; strengthens credibility and revenue visibility. - **Textile & Tyre Export Partnerships**: Key logistics provider for **JK Tyre, ATC (Yokohama), Mahansaria**. - **Specialized in Landlocked Deliveries**: Expertise in complex final-mile logistics to Bolivia, Ecuador, Ethiopia, etc.