Savy Infra and Logistics is an Indian infrastructure-services company that moves earth and freight for the country’s heavy-industrial backbone - steel plants, mines, and large construction sites. It was born from a family enterprise, converted to a public company in mid-2024 and listed on the NSE Emerge platform in July 2025, with a father-and-son promoter team that brought decades of textile and EPC experience to the business. The recurring approach is simple: it deploys a subcontractor-heavy, asset-light model to deliver large-scale, project-based logistics and civil works, keeping its own employee base tiny while scaling up through hired labour and machinery. # Business segments A single engine with two tightly interlocked services - Full Truck Load logistics and civil-earthwork contracting - both serving the same heavy-industrial clients with the same subcontractor-driven delivery model. ## 1. Full Truck Load logistics: moving bulk freight for mines and steel plants **The company runs point-to-point truckload movements of raw materials and finished goods for heavy-industry clients, earning entirely from service fees while subcontractors do the hauling.** - **One load, one destination** - it moves large volumes of freight directly from origin to destination without intermediate stops or transfers, which cuts handling, reduces damage risk, and keeps delivery predictable for clients in infrastructure, steel, and mining. - **Subcontractors own the wheels** - employee costs are tiny relative to total expenses (roughly ₹198 lakhs in FY2026), while site and labour subcontract expenses run many times larger, confirming that the company coordinates and manages haulage rather than operating its own fleet of trucks. - **Materials pass through its books** - the company carries stock-in-trade on its balance sheet (closing stock of about ₹7,806 lakhs in FY2026), which suggests it often procures and holds the materials being transported rather than simply charging a pure freight fee. - **Green ambition on the horizon** - the company has stated an intent to deploy electric trucks for green logistics, positioning itself for a future where mining and steel clients face pressure to decarbonise their supply chains. ## 2. Civil, EPC and earthwork services: preparing the ground for heavy infrastructure **From blasting rock to laying road tops, the company delivers the site-preparation and construction services that heavy-industrial projects need before anything can be built.** - **Digging, grading, and blasting** - the company handles hard rock excavation, blasting, and soil excavation using mechanical excavators, and manages all the supporting processes - shoring, strutting, side protection to prevent collapses, and slush removal - so that sites are ready for construction even in extreme working conditions. - **Building the base layers** - its work extends upward from the ground: it constructs roads, culverts, cross drains, embankments, sub-grade tops, granular sub-bays, and bituminous or concrete tops, meaning it can take a project from raw earth to a finished road surface. - **Clearing the old to make way for the new** - the company safely dismantles existing structures through demolition services and handles debris removal, carting away excavated material and clearing space for fresh construction. - **Same subcontractor engine underneath** - just as in logistics, the delivery model leans overwhelmingly on subcontractors, with site and labour subcontract expenses dominating the cost structure and direct employee costs kept low, while the company holds inventory of materials for its service projects. # Group structure and partners **A standalone company with no subsidiaries or joint ventures, funded by a mix of public equity and borrowing from a wide syndicate of banks and NBFCs, with promoters who pledge personal assets to secure loans.** - **No corporate web** - the company has no subsidiary, joint venture, or associate company, so all operations sit directly on its own balance sheet. - **Promoters are the anchor** - Mr. Liladhar Mundhra and Mr. Tilak Mundhra, a father-and-son team, guide the business; the father brings over 20 years in textiles and more than five in EPC and logistics. - **Borrowing from many lenders** - the company has working-capital term loans, cash credit, overdraft facilities, and unsecured business loans from a long list of banks and NBFCs including HDFC Bank, CSB Bank, Yes Bank, Indian Overseas Bank, Shriram Finance, Deutsche Bank, Hero Fincorp, IndusInd, and TATA Capital, secured by charges on current assets, stock, and book debts, plus personal guarantees and collateral properties from directors. - **Room to borrow more** - shareholder approval has been sought to increase borrowing limits to ₹100 crores, giving the company headroom to fund expansion. - **Related-party dealings are routine** - the company frequently enters into related-party transactions in the ordinary course of business and has sought approval for future transactions not conducted at arm’s length, capped at ₹10 crores per related party.