SJ Logistics (India) Ltd - Stock Valuation and Financial Performance

S J Logistics (India) was originally incorporated as a Private Limited Company in the name of ‘S J Logistics (India) Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 23, 2003 issued by Registrar of Companies, Maharashtra, Mumbai. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on September 12, 2016, the Company was converted into a Public Limited Company and consequently the name of the Company was changed from ‘S J Logistics (India) Private Limited’ to ‘S J Logistics (India) Limited’ vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated November 07, 2016, issued by the Registrar of Companies, Mumbai.

The company is engaged in the business of providing logistics and supply chain solutions to its customers. Its key services include freight forwarding, custom clearance and transportation handling services. It is a Multimodal Transport Operator registered under the Multimodal transportation of Goods Act 1993 to carry on the business of multimodal transportation. It started the business as a proprietorship concern during the year 2000 under the leadership of its Promoter Rajen Hasmukhlal Shah. Later, during the year 2003, considering the market demand and business opportunity in the logistics and freight forwarding business, its promoter incorporated and carry on the business of freight forwarding under the name and style of ‘SJ Logistics (India)’ and since then, it has grown its presence, expanded the scope of its services and increased its capabilities in the business of freight forwarding. 

It has over the years developed and increased the ambit of its services covering services which includes multimodal transportation, regulatory compliance like custom clearance and other related services. It is also engaged in handling of project cargo, which requires detailed planning and technical experience. The project handling service includes providing solutions to meet specific customer requirements for the transport of oversized, over dimension’s cargo, critical or high value cargo’s such as power generating set, excavator, transmission tower etc. from one location to another using multiple modes of transport. The transports of oversized, over dimension’s cargo, critical or high value cargo are generally handled on a turnkey contract basis.

It operates from its registered office situated at Thane and its international logistics operations are supported by a network of partners and vendors that enables it to service client requirements across India and abroad as well. It delivers international logistic services by using air, sea and surface, as modes of transportation. Its regulatory compliance services include customs clearance which is undertaken through mutual understanding with its network and connection formed over years.

Business area of the company

The company is engaged in the business of providing logistics and supply chain solutions to its customers. Its key services include freight forwarding, custom clearance and transportation handling services.

History and milestones

• 2003-04: Incorporation of the Company.
• 2007-08: Obtained Importer-Exporter Code (IEC).
• 2013-14: Registration under the Multimodal Transportation of Goods Act, 1993 and Registration of Multimodal Transport Operators Rules, 1992.
• 2013-14: Registration with the Brazilian custom authorities of SJ Logistics India Limited House BL.
• 2014-15: Receipt of FMC-OTI-NVOCC Bond issued by the American Alternative Insurance Corporation.
• 2014-15: Registered for SCAC Code with USA Customs for AMS Filing directly on Customs Portal.
• 2014-15: Opted for Insurance of all MTO Bill of Lading of S J Logistics.
• 2014-15: Receipt of membership International Federation of Freight Forwarders Association (FIATA).
• 2016-17: Conversion of the Company from Private Limited to Public Limited Company.
• 2016-17: Handling the first project cargo/ODC cargo for Trunkey Project in the year 2017.
• 2018-19: Receipt of membership of Africa Logistics Network (ALN).
• 2022-23: SJA Logisol India Private Limited and S. J. L. Group (Singapore) Pte. Ltd., Singapore becomes the subsidiary of the Company.
• 2023-24: Receipt of membership of PPL Network on July 21, 2023.
• 2023-24: Starting the warehousing operations by entering into an agreement for renting warehouse space located at Bhiwandi.