OneClick Logistics India Ltd is fundamentally a freight forwarder - it does not own ships or planes but buys space on them, bundles it with customs clearance and inland transport, and sells the whole package as a single door-to-door service so its customers never have to stitch together multiple providers themselves. The company was incorporated in December 2022 and acquired the running business of Oneclick Logistics LLP two months later, then listed on the NSE’s small-business platform in October 2023. Its recurring approach is to stay asset-light - no fleet, no warehouses of its own - while using acquisitions and subsidiaries to bolt on adjacent capabilities, from food processing to global trading, that can feed cargo into its forwarding network or open new export lanes.
Business segments
A single freight-forwarding engine that earns fees by moving other people’s goods across borders, with three small bolt-on bets - food processing, Dubai trading, and a logistics subsidiary - each acquired to generate cargo or extend reach rather than to stand alone.
1. Freight forwarding: the core engine that moves everything else
The company acts as a single-window logistics desk - it books space on vessels and aircraft, arranges customs clearance through licensed third parties, and delivers cargo door-to-door, earning a fee on every consignment without owning the transport assets.
- Non-vessel operator with carrier economics - it operates as an NVOCC (non-vessel operating common carrier), meaning it buys container slots in bulk from shipping lines and resells them to customers at a margin, much like a wholesaler of ocean freight capacity.
- Air, ocean and bulk under one roof - the service mix spans ocean freight forwarding, air freight forwarding, and bulk cargo handling, so a customer shipping anything from containerised auto parts to loose agricultural commodities deals with one contract and one point of contact.
- Customs clearance without the licence - the company does not hold a Custom House Agent’s licence itself; instead it arranges clearance through third-party license holders, keeping its own cost base light while still offering the service as part of the bundle.
- Revenue crystallises at the destination - it recognises revenue only when a consignment has cleared all checks and reached its delivery point, which means it carries the operational risk until the job is fully done.
- Exposed to the trade cycle - because the business depends on India’s import and export volumes, its fortunes rise and fall with global trade flows, tariff changes, and the willingness of manufacturers to outsource their logistics rather than run it in-house.
2. Food processing: a captive export pipeline under construction
The company bought into dehydration and freezing of agro produce - not to become a food brand, but to create a guaranteed stream of export cargo that its forwarding arm can then ship.
- Acquired an operating plant via a converted partnership - in August 2025 it agreed to take a 50% stake in Indispice Dehydration Private Limited, a business that had been running since 2020 as the partnership firm Sigma Foods, dehydrating, freezing and storing agro produce with a turnover of Rs. 15.72 Crores in FY25.
- Tipped into a subsidiary - by March 2026 it had bought additional shares, giving it control of Indispice and consolidating the business rather than treating it as a passive investment.
- A second vehicle with a blank canvas - in January 2026 it incorporated a wholly owned subsidiary, Oneclick Foods Private Limited, whose objects cover virtually every category of processed and packaged food, though it had not yet started trading and had nil turnover.
- The logic is cargo creation - both entities sit in the agro-export chain: they process, preserve and pack foodstuffs that need international shipping, which feeds directly into the forwarding division’s order book.
3. Dubai trading: a minority stake in global procurement
A small equity position in a long-established Dubai general trader gives the company a presence in the Gulf’s re-export hub, where cargo flows between Asia, the Middle East and Africa can be captured for its forwarding network.
- A 3.43% toehold, not a takeover - the company acquired 12 shares in Veesham Traders LLC, a UAE entity incorporated in 1991, for a total cash consideration of about AED 32.45 lakhs, giving it a minority stake rather than operational control.
- The target trades in metals, electronics and commodities - Veesham’s business is general trading and global procurement across bulk goods, with a turnover of AED 11.83 Crores in its most recent year, roughly triple what it was two years earlier.
- A listening post and a lane - the investment is described as enhancing global connectivity, flexibility and regulatory expertise, which suggests the stake is less about dividends and more about having a partner in Dubai that can route procurement and shipping mandates back to OneClick’s forwarding desk.
Group structure and partners
The company has assembled a small cluster of subsidiaries and one associate through cash acquisitions and greenfield incorporation, each tied to the logistics or cargo-generation thesis, while the promoter group’s shareholding has fallen from over two-thirds to under one-fifth in two years.
- Nikos Freight Line - a logistics bolt-on - acquired in December 2024 with a 51% stake for cash at face value, Nikos is a young logistics provider incorporated in November 2022 with turnover of Rs. 2.44 Crores in FY24, extending the group’s forwarding footprint.
- Shree Siddhivinayak Express Movers - an associate - a 46% stake taken in July 2025, classified as an associate company, adding another spoke to the domestic logistics network.
- Indispice and Oneclick Foods - the food-processing leg - Indispice became a subsidiary at 55.01% in March 2026, while Oneclick Foods was incorporated as a wholly owned subsidiary in January 2026, together forming the agro-processing vertical.
- Veesham Traders - the Dubai outpost - a 3.43% minority stake acquired in April 2026, held as an investment rather than a subsidiary.
- Promoter dilution through preferential allotments - the promoter group held 67.17% as of March 2024 but just 22.02% a year later, following a preferential issue of nearly 20 lakh shares in July 2025; a further preferential issue to two promoter-directors was approved in July 2026, which would take the promoter holding to 16.69% post-allotment.