Gateway Distriparks Ltd

BSE: 532622 | NSE: GDL | ISIN: INE852F01015 
Market Cap: [Rs.Cr.] 2,660.03 | Face Value: [Rs.] 10
Industry: Miscellaneous

Company Profile

Gateway Distriparks Ltd is a Container logistics company with Pan-India presence. The company is a world-class state-of-the-art logistics facilitator in one of the world's fastest growing markets. They are providing Container Freight Station (CFS) / Inland Container Depot (ICD) services. The company is armed with modern Container Freight Stations at Dronagiri in Navi Mumbai, Manali in Chennai and Vishakapatnam in Andhra Pradesh besides an Inland Container Depot at Garhi Harsaru in Haryana. Gateway Distriparks Ltd was incorporated on April 6, 1994. The company was originally promoted by NTSC, CWT Distribution Ltd, NUR Investment and Trading Pvt Ltd and Intercontinental Forest Products Pte Ltd as joint venture company, to conduct the business of warehousing, container freight stations and all related activities. In March 13, 1995 Parameswara Holdings Ltd replaced IFP and in April 01, 1996 Windmill International Pte Ltd and Thakral Corporation Ltd replaced CWT and NUR. The development of the CFS at Dronagiri in Navi Mumbai was completed in three phases. In the year 1998, the company completed Phase I development and commenced commercial operations with the capacity of 48000 TEUs per annum. In the year 2001, they completed Phase II expansion in which the capacity increased to 120000 TEUs per annum and they completed phase III expansion in the year 2003 in which the capacity increased to 180000 TEUs per annum. In April 2004, the company acquired ICD at Garhi Harsaru in Gurgaon as a going concern for a consideration of Rs 177.50 million. In August 2004, they executed a joint venture agreement for acquiring 60% stake in Gateway East India Pvt Ltd. The company entered into a share purchase agreement on December 01, 2004, for acquiring 100% stake in Indev Warehouse and Container Services Pvt Ltd, a CFS at Chennai, for a total consideration of Rs 270.00 million. The name was changed to Gateway Distriparks (South) Pvt Ltd in June 2005. In September 2005, the company signed an agreement with Container Corporation of India Ltd to work jointly towards business development and to facilitate EXIM trade by providing ICD facility and road connectivity to various gateway ports from the northern hinterland. The renewal Inland Container Depot and major development of rail siding at Garhi Harsaru, near Gurgaon was completed during the year 2005-06. Also, they acquired 100% shareholding in their rail subsidiary namely, Gateway Rail Freight Pvt Ltd. In September 2006, the company acquired 60% shareholding in Gateway Distriparks (Kerala) Pvt Ltd, which is in the process of setting up a CFS at the fast growing port of Kochi. Chakiat Agencies Pvt Ltd holds 40% shareholding in this Joint venture company. In November 2006, the company entered into the cold chain logistics business acquired 50.1% shareholding in Snowman Frozen Foods Ltd, a premier player in this business. In January 2007, Gateway Rail Freight Pvt Ltd, a subsidiary company signed the 20 years concession agreement with Indian Railways to operate container trains on the Indian railways network. In February 2007, the company entered into an operations and management agreement with Punjab State Container and Warehousing Corporation Ltd for their CFS at Nhava Sheva, Navi Mumbai, for a period of 15 years. In March 2007, Gateway Rail Freight Ltd, the subsidiary company entered into a joint venture agreement with Container Corporation of India Ltd and formed Container Gateway Ltd for operating rail linked ICD at Garhi Harsaru. The company became operational from December 1, 2007. During the year 2007-08, the company commenced their second CFS at JNPT, which has been taken from Punjab State Container and Warehousing Corporation Ltd. Also, the company's rail subsidiary, Gateway Rail Freight Ltd has commenced operating container trains on the Indian railways network. Gateway Distriparks (Kerala) Ltd, a subsidiary company entered into a joint venture with a CFS at Cochin to handle export import of containers at the fast growing port of Kochi. The other subsidiary company, Snowman Frozen Foods Ltd is in the process of refurbishing their operations and has plans to expand their cold stores to new locations.

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Key Information

Key Executives:

Gopinath Pillai , Chairman

Prem Kishan Gupta , Deputy Chairman & M D

Shabbir Hassanbhai , Director

Sat Pal Khattar , Director


Company Head Office / Quarters:

Sector 6 Dronagiri,
Taluka Uran District Raigad,
Navi Mumbai,
Maharashtra-400707
Phone : Maharashtra-91-22-27246500-12 / Maharashtra-
Fax : Maharashtra-91-22-27246538 / Maharashtra-
E-mail : investor@gateway-distriparks.com
Web : http://www.gateway-distriparks.com

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