Dear Shareholders,
It gives me immense pleasure to present you all our Annual Report for
the year 2022-23, objective is just not to share the Financial Performance but give you
all a complete overview of our Future Growth Strategy & Long-Term Vision of Company.
The one way across the country
Shree Vasu Logistics Limited (SVLL), is an established 3PL Integrated
Logistics'& ‘CFA Management' company in the field of facilitating all
types of services required in Logistics sector, had a remarkable year in FY 2022-23. With
nearly more than a decade of experience, the company has been known for its Customised,
Technology Enabled Logistics Services and wide Geographical spread of Distribution
Network. During this fiscal year, SVLL leveraged its consolidated strengths and expertise
to expand its logistics spectrum in central India.
The Company migrated from SME-EMERGE platform to the Main Board of
National Stock Exchange of India Limited (NSE). is signifies a major step in overall
growth and development of the company. It aims to enhance its corporate governance
practices and provide greater transparency in its business activities along with gaining
access to a wider pool of capital, which can further contribute to company's
expansion plans, research and development, and other strategic initiatives. Furthermore,
being listed on the main board improves the company's visibility and credibility in the
market. It signals to investors, stakeholders, and the general public that the company has
achieved a certain level of maturity and stability which contributes in building investor
confidence and attracting more interest from potential investors.
In addition to the core business line In FY 2022 -23 SVLL has ventured
into new complimenting business vertical i.e. "Retail Business" by
setting up Exclusive Brand Outlets (EBOs) for the renowned brand "Jockey" (Page
Industries Limited). is strategic move allows SVLL to establish a direct connection with
consumers and offer a dedicated retail space for Jockey products which enables the company
to create a distinct shopping experience for customers and potentially increase brand
loyalty. Venturing into the retail business diversifies SVLL's revenue streams and
allows them to tap into the growing retail market. It also presents an opportunity for the
company to diversify their business and establish a stronger presence in the Retail
sector.
Looking back from 2007 to 2023, SVLL celebrates its most successful
year to date, with issue of Bonus Shares, Employee Stock Options Plan (ESOP), Migration to
Main Board, stepping into retail business along with various expansion plans lined up
which are testament to company's growth in diverse logistics services, its role in
realizing business aspirations, and the passion it has ignited within the industry.
Our Company's Performance
In the financial year 2022-23, SVLL's revenue stood at
Rs.1,00,50,90,109.25/- as against Rs.84,81,76,752.82/- in the previous year.The Net Profit
After Tax (PAT) was recorded at Rs.2,04,72,650.39/- as against Rs. 2,17,30,309.55/- in the
previous year. To sum up, our Company achieved an increase of 118% in the turnover during
the FY 22-23 as a whole as compared to the FY 21-22. Our Company leveraged its experience
over decades combined with technology and unwavering focus to deliver end-to-end
integrated logistics solutions to customers. All credits to the wonderful team members of
SVLL who have worked hard and remained consistent throughout the year. On behalf of the
Board, I appreciate the sincere efforts of each and every one who is associated with our
Company and working hard to achieve the goals and targets. Without the support and
dedication of each one of our employees, it would not have been possible for our Company
to deliver and exceed our commitments as well as achieve the targeted revenue through the
year. Against Rs.84,81,76,752.82/- in the previous year.The Net Profit After Tax (PAT) was
recorded at Rs.2,04,72,650.39/- as against Rs. 2,17,30,309.55/- in the previous year. To
sum up, our Company achieved an increase of 118% in the turnover during the FY 22-23 as a
whole as compared to the FY 21-22. Our Company leveraged its experience over decades
combined with technology and unwavering focus to deliver end-to-end integrated logistics
solutions to customers. All credits to the wonderful team members of SVLL who have worked
hard and remained consistent throughout the year. On behalf of the Board, I appreciate the
sincere efforts of each and every one who is associated with our Company and working hard
to achieve the goals and targets. Without the support and dedication of each one of our
employees, it would not have been possible for our Company to deliver and exceed our
commitments as well as achieve the targeted revenue through the year.
Outlook
At Shree Vasu Logistics Limited, we are constantly focused on being
ahead of the curve by identifying and maintaining the needs of the clients. We strive to
maintain a_able relations with each of our clients with the belief that "TRUST"
is the key foundation of maintaining long term relations with our valuable clients. Moving
forward, our Company will place greater emphasis on aspects such as developing newer
competencies to serve emerging industries, positioning itself as the default choice for
all the logistics solutions we provide. We also strive to achieve and maintain the latest
technology in every sphere around which our Company works. With the idea of upgradation,
we are constantly working towards installing latest warehouse technology to make our
warehouses smart and competent along with necessary training and development sessions to
our employees on the effective use of such technology. In the next few years, the Company
will strive to achieve optimum capacity utilization, which will allow us to produce
targeted sales around Rs.500 crores. With a strong network and dedicated team, the Company
will continue to serve its customers and other stakeholders with renewed focus and
commitment. At
SVLL, the priority is always towards putting the customer above all
& Company believes in investing in people, and empowering them to make their own
decisions, take ownership, be responsive, and constantly work on new initiatives.
Conclusion
As India continues its journey towards self-reliance and economic
growth, Shree Vasu Logistics Limited commitment to powering collaborative business
strategies aligns with the nation's vision. By enabling efficient and effective logistics
solutions, Shree Vasu Logistics Limited can contribute to the growth and success of
businesses in India and help propel the country's position as a global trade hub and
logistics powerhouse.
By offering logistics services that create magic worldwide, Shree Vasu
Logistics Limited aims to facilitate seamless and efficient movement of goods across the
country, enabling businesses to thrive and expand their reach.The company's focus on
supply chain solutions and express distribution can help companies streamline their
operations, reduce costs, and improve delivery timelines, thereby enhancing their
competitiveness in the global market.
In the months and years that follow, we look ahead to powering
collaborative business strategies and decisions that co-create value for customers,
employees, shareholders and all our stakeholders.
Yours Sincerely,
Sd/-Atul Garg
Managing Director