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Last updated: 02 Jun, 2015  

Shree Shubham Logistics Bags Best Warehousing Company Award

NewsVoir | 02 Jun, 2015
Leading agri-logistics player, Shree Shubham Logistics Limited (SSLL), a subsidiary of Kalpataru Power Transmission Limited (KPTL), was awarded the Best Warehousing Company by Commodity Participants Association of India (CPAI) in association with Forward Markets Commission, Government of India (FMC).

 

The Union Minister of State of Power, Coal, New & Renewable energy, Shri. Piyush Goyal presented the award to Shree Shubham Logistics Limited (SSLL) at the 4th International Convention Awards event held at Le Meridian, New Delhi on 30th May, 2015.

 

Commenting on the occasion Mr. Aditya Bafna, Executive Director, Shree Shubham Logistics Limited (SSLL), “We are delighted to receive this prestigious recognition for the second consecutive year. It’s a tremendous achievement for SSLL and reinforces our commitment in our integrated business model thereby undertakes an array of activities in the post-harvest value chain for Agri-commodities”.

 

The CPAI 2015 event was inaugurated by dignitaries like Mr. Radha Mohan Singh, Union Agriculture Minister, Mr. Rajiv Mehrishi, Union Finance Secretary, Department of Economic Affairs, Mr. Ramesh Abhishek, Chairman Forward Markets Commission, Government of India, Mr. Satyanand Mishra, Chairman MCX, Mr. Ashish Chauhan, Managing Director & CEO, BSE Limited, Mr. Samir Shah, Managing Director & CEO, NCDEX.

 

Shree Shubham Logistics has received numerous accolades such as Agri-Sector for Exemplary performance (SCALE Awards), 2014, Young Entrepreneur of the Year (World Brand Congress: Global Awards for Brand Excellence), Ecommerce Technology (Technology Excellence Awards), Exemplary Achievement in Service Sector & Young Entrepreneur of the Year at the India SME Excellence Awards 2014. SSLL has been awarded for Excellent Positioning in Supply Chain and Logistics- Category Agri Warehousing by Confederation of Indian Industry (CII) through its Institute of Logistics at SCALE (Supply Chain and Logistics Excellence) Awards event on 22nd May, 2015.

 

About Shree Shubham Logistics Limited:

Shree Shubham Logistics Limited (SSL), undertakes an array of activities in the post-harvest value chain for Agri-commodities based on an integrated business model. Our activities include warehousing, procurement, primary processing, trading, collateral management, funding facilitation, funding, testing & certification, and pest management in relation to Agri-commodities. Our activities are aimed at a wide spectrum of market participants dealing in Agri commodities, including farmers, traders & aggregators, government agencies, banks and electronic commodities exchanges.

 

SSL has developed 24 Agri Logistics Parks (ALPs) as of November 30, 2014, which are warehouses that are scientifically designed and equipped with modern infrastructure conforming to WDRA standards at a minimum, with a total storage capacity of around 2.89 million sq. ft. in terms of storable floor plate area. As of November 30, 2014, our Company manages and operates 149 warehouses through a hub and spoke model across the states of Rajasthan, Gujarat, Madhya Pradesh and Maharashtra, with a total storage capacity of around 9.39 million sq. ft. in terms of storable floor plate area.

 

SSL is an early adopter of “Public Private Partnership (PPP)” related to Agri Warehousing and has entered into a Memorandum of Understanding (MoU) with the Rajasthan State Warehousing Corporation (RSWC), amongst other, for management and operations of its warehouses in the state of Rajasthan. SSL is managing and operating warehouses owned & hired by Rajasthan State Warehousing Corporation (RSWC) pursuant to the MoU at 38 locations in Rajasthan with total storage capacity of around 3.80 million sq. ft. in terms of storable floor plate area as of November 30, 2014.

 

In addition to the above, our testing & certification services are offered through our: (a) Analysis and Certification Laboratory at Jodhpur, Basni Agricultural Produce Market Yard (“Central ACL”), which is ISO 9001 : 2008 and ISO / IEC 17025 : 2005 (NABL) certified, and (b) 36 satellite testing & certification laboratories across the states of Rajasthan, Gujarat, Madhya Pradesh and Maharashtra.

 

SSL is also accredited by National Commodity and Derivatives Exchange Limited (NCDEX) for providing warehousing and assaying services. Our Company works with various banks and financial institutions and enables various market participants to source funding from these banks and financial institutions. 

 

Moreover, our Company has recently acquired a non-banking financial company (“NBFC”), Punarvasu Holding and Trading Company Private Limited (“PHTCPL”) with the objective of directly providing funding facilities to market participants in the value chain for agri-commodities. 

 

Disclaimer: Shree Shubham Logistics Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated February 19, 2015 ("DRHP") with the Securities and Exchange Board of India ("SEBI"). The DRHP is available on the website of SEBI at www.sebi.gov.in; on the websites of the Stock Exchanges at www.nseindia.com and www.bseindia.com; and on the respective websites of the book running lead managers (“BRLMs”) at www.ingacapital.com, http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm and www.idfccapital.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled "Risk Factors" in the red herring prospectus which will be filed with RoC. Potential investors should not rely on the DRHP filed with the SEBI for making any investment decision.

 
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