Western Carriers India Ltd Company Summary

Western Carriers India Ltd Summary

Western Carriers (India) Ltd was incorporated as Western Carriers (India) Private Limited in Kolkata, West Bengal as a private limited company dated March 23, 2011. Subsequently, Company converted into a public limited and the name of Company was changed to Western Carriers (India) Limited, through a fresh certificate of incorporation dated February 28, 2013 issued by the RoC, to Company. The Company is a player in the Indian logistics industry and engaged in providing single, multimodal and other transportation services, warehousing and other ancillary services. Through the combined experience of Company and Promoter, Rajendra Sethia, the Company has experience in road, rail and sea / river multi-modal movement for domestic as well as EXIM cargo in and out of India. The Company operate on a scalable, asset-light business model which enables to provide differentiated 3PL and 4PL solutions. The Promoter, Rajendra Sethia, established his logistics business as a rail-focused logistics business in 1972, who transferred his business carried under the name and style Western Carriers to the Company on a going concern basis with effect from July 1, 2013.The Company took over all the assets and liabilities of the Sole Proprietorship in 2013. Over the last 50 years, the business has continued to evolve to provide end-to-end, customised, multi-modal logistics solutions across the supply chain integrating road, railway, water and air logistics along with a bespoke suite of value-added services. Apart from this, the Company catered to the integrated multi-modal logistics requirements of a leading Indian mining and resources group involving rail movement for all circuits, acting as Customs House Agent at ports such as Vizag, Kolkata, Haldia, Paradip and JNPT, as well as finished goods handling at their plant, including material handover, container stuffing and rake loading.The Company transferred its entire shareholding i.e., 1,010,000 equity shares into Erstwhile Subsidiary, Western Skyvilla Private Limited and consequent to sale of shares, Western Skyvilla Private Limited has ceased to be a subsidiary of Company effective from May 9, 2023. The Company has also transferred its entire 12.82% shareholding in Western Apartments Private Limited, a member of our Promoter Group and a Group Company, to one of the Promoters, Rajendra Sethia, with effect from May 10, 2023.The Company is proposing a Fresh Issue by raising capital of Rs 500 crore and an Offer for Sale by issuing upto 9,328,995 Equity Shares through Initial Public Offer.