Premier Roadlines Ltd - Stock Valuation and Financial Performance

Premier Roadlines Limited was originally incorporated as private limited Company in the name of ‘Premier Roadlines Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 19, 2008 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on May 09, 2012 the Company was converted into a Public Limited Company and consequently the name of the Company was changed from ‘Premier Roadlines Private Limited’ to ‘Premier Roadlines Limited’ vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated June 28, 2012 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana.

Premier Roadlines is engaged in providing logistics solutions to businesses, particularly surface transportation of goods. It is goods transport agency providing general transport services, project logistics, and over dimensional/overweight cargo movements on a Pan India basis to its customers wherein it provides point to point services in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them. It mainly serves B2B customers under the Contract Logistics division, who have requirement to transport bulk quantities of their goods from one place to another within India and other neighboring countries like Nepal, Bhutan etc.

To provide with transportation services, it engages third party operators i.e. small fleet owners and agents who provide the company with necessary transportation facilities such as containerized trucks, Trailers, Hydraulic axles etc. Its centralized information technology network is capable of connecting its branch offices with its corporate office, which enables real time monitoring of its operations, consignment bookings and delivery status. It carries its logistics business through its widespread transportation network across India which it is operating through its Registered and Corporate Office located in Delhi.

Business area of the company

The company is engaged in providing logistics solutions to businesses, particularly surface transportation of goods.

Services of the company

• Project transportation 
• Contracted integrated logistics service
• Over-dimensional / Over-weight cargo
• General logistics

History and milestones

• 2008: Incorporation of the Company. 
• 2009: Take over the running business of M/s Premier Roadlines through a Business Purchase Agreement dated January 05, 2009, proprietorship concern of Late Nand Ram Gupta, father of its promoter and Director, Virender Gupta. 
• 2012: Conversion of Company from Private Limited Company into Public Limited Company. 
• 2019: Crossed Revenue of Rs 100 crore.