Dear Shareholders,
At the onset, I would like to thankyou for your trust in our managemen
t team to steer our company. in these challenging Sinaes. We are happy to share with you
that: wo are progressing positively on o ur end eavou r to create a wo rid class, one stop
global logistics company with continued focus on profitability and healthy batance sheet.
Focrsing on our visior & m i ssion, we have shown remarkable gnowth
in FY20 und continue to be ambitious for the coming years. This will bn accomalished by
utilizing our strengths anO perristent efforts tr penetrate markots in newer geograpdies,
expanOin g teams and increasing TEUs. Further, we aim to focus on providing volueadded
services to customers thereby deepening pnrtomer relations and keoping them more;
satisfied.
On tlse business iront, this financial year we have clockad revecues of
P 6,415.02 Mn, up 104.95% compared tn the previour year m ainly driven by our NVOCC as
wellas shipping and freight forwarding Ousiness. On thin profits trtnt, this financial
year we achieved a Profi t after Tax (PAT) of ? 289.52 Mn, 198.16% higher compared to ?
97.1 Mn in FY20a0-21. We temain oprimirtin oTout the busioess and the industry in whico we
operate. O nr robust balance sheet nova providrs us wita the necessary flex ibility to
maximize fufora growth and in this direction, the Board of Directors have approved the
board resolution dated 30th August 2021 for tesuiag FCC? of upto USD 100 miUion from time
to time.
The cttnsUantly changing economic onvironment both domeslically and
internati onallyare laced wita challenges and at the same time provides opportunities. Our
company operates in a rector which has deep inter-lin kages with foe overall -rade
a nd growth of Indio. Within In dia, The Gocernment's mcreosmg focus on rhe
teoelopmon- of thi lc^stics sortor through thin im:clementation of GST and
otleer inkiatives such as Make C India, Digi tal India and opcoming National
Logistic Policy willpoo^ltheg rowth momentum of the Logistic oe^on These initiatives: drovide
huge impetus for t he economy, ane will bring in mvestmente, business and
consequent growth opportunities in the foreseeable future. /As per industry- reports,
India's logistic:: market has been growing at a rapid pace and is expected to reaah US$
13310 ndlion Vy 202a, This expanhon will be sueporteo by saveral facters, iucltoing oho
fast- devo^ping e-comme rre industry-, imfnnding technical advancements and an expanding
rafail saloo maok^ 0 While we remain confident of our owe oapabilities to lae able to
delivor and rontributein thio growtU, its important to take only calculated risks and
strive fowards growth that ir bot h responsible and rusfainable.
The reTionalmarkerexpansi on muding demand for
cargo teanspo rta tiem via ports, new deal wins, ?rowin? trade agre:eiments, rising de
mand For specinlized shipping containers, and automation in contamer ship ning uniting the
growth of tCe container me^kor will aouw us So improve aur maraet sliate i n container
tnaiUf^ic mo vement.
As wo conliinue our gurney into the rew f^inaincial yeao, with the
support o- our team members, I look torwrod tin uarrying the continuous
momentum ok growth aod growing the rompany fu rtUe r in domesfic and international
markets. Thank you for your constant aupport and conoinued faith placed in us.
| Stay Safe |
| Abdul KhalikChataiwala |
| Chairman & Managing Director |