Gateway Distriparks

Gateway Distriparks Limited is an Indian logistics company based in Mumbai with three business verticals: Container Freight Stations (CFS), Inland Container Depots (ICD) with rail movement and Cold Chain Storage & Logistics. The company was founded in April 1994 and originally promoted by Newsprint Trading & Sales Corporation (NTSC), CWT Distribution Limited, NUR Investment and Trading Pvt. Ltd. and Intercontinental Forest Products Pte. Ltd. (IFP) as a joint venture company to conduct the business of warehousing, container freight stations and all related activities. As of November 2015, Prism International Private Limited (same group as NTSC) is the sole promoter of the company.

Gateway Distriparks Limited
TypePublic
IndustryLogistics
Founded1994
Headquarters
Mumbai, India
Area served
India
Key people
  • Prem Kishan Gupta (Group Chairman & Managing Director)
  • Ishaan Gupta (Joint Managing Director)
  • Samvid Gupta (Joint Managing Director - GatewayRail)
  • Sachin Bhanushali (CEO - Gateway Rail)
Services
List
  • Container Handling
  • Customs Clearance
  • General & Bonded Warehousing
  • Rail Transportation
  • Road Transportation
  • Refrigerated Container Handling
  • Cold Storage
  • Temperature controlled transportation
  • Container Repair
RevenueIncrease ₹ 1,527 crore (2018-19)
Increase ₹ 150 crore (2018-19)
Number of employees
2500
SubsidiariesGateway Rail Freight Limited, Snowman Logistics Limited
Websitewww.gateway-distriparks.com

History
YearEvent
1994Gateway Distriparks Limited founded[1][2][3]
1998GDL started CFS operations in Nhava Sheva[4][5][6][7]
2001IDFC invested ₹26 crores into GDL as private equity[8]
2004Temasek Holdings Singapore invested into GDL as private equity[9][10][11][12]

GDL acquired CFS in Chennai and CFS Vizag developed[13][14][15]

Acquisition of ICD Garhi Harsaru and development by GatewayRail[16]

2005GDL Listed with National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE)[17]

GDL raised ₹352.57 crore through the issue of GDR at Luxembourg[18]

2006GatewayRail obtained Category I CTO (container train operator) licence worth ₹50 crores[19]

GDL acquired majority stake in Snowman Frozen Foods Limited[20][21][22]

2007GatewayRail and Container Corporation of India (CONCOR) form venture for container terminal[23][24][25]

GDL takes over Punjab Conware CFS on 15 year operations & management (O&M) agreement[26][27][25]

2009Temasek sells 5.59% stake for ₹28 crore[28][29][30]

Allcargo Logistics Limited buys 5.97% stake in GDL for ₹29 crore[31][25][32][33]

GatewayRail starts operations at ICD Sahnewal (Punjab)[34][35][36]

2010The Blackstone Group invested ₹300 crores in GatewayRail[37][38][25][39][40]
2011GatewayRail develops ICD Faridabad[41]

International Finance Corporation (IFC) invested ₹24.89 crores in Snowman[42][43]

GatewayRail commences double-stack container train operations[44]

2012GDL starts operations at Kochi CFS[45][46][47][48]

The Gateway Group crossed half a million TEUs annual throughput[49]

2013GDL acquires a second CFS in Chennai[50]

Norwest Venture Partners invested ₹60 crores in Snowman[51][52][53][54]

Snowman announces approval for IPO[55]

Snowman files for IPO[56]

2014GDL acquires 74 lakh equity shares of Snowman for ₹ 25.9 crores[57][58][59][60]

ICICI Prudential buys 10 lakh shares (est. 1 million) of GDL for ₹ 22.8 crores[61][62][63]

GatewayRail starts rail operations at ICD Faridabad[64][65]

Snowman files red herring prospectus for an IPO of its equity shares[66][67][68][69][70]

Snowman IPO opens on 26 August in the range of ₹44-47[71][72][73][74][75][76][77]

Snowman IPO opens and anchor investors subscribe to 94.5 lakh shares at ₹47 per share[74][78][79][80][81][82]

Snowman IPO oversubscribed 60 times[83][84][85]

Snowman listed at ₹76 (62% premium against issue price)[86][87][88][89][90][91]

GDL share price at an all-time high at ₹278.90[92]

Snowman gives 100% returns in six sessions[93]

Snowman planning to set up 3 warehouses and increase capacity by 14,500 pallets[94]

2018 GDL acquires Blackstone shareholding in Gateway Rail Freight Limited [95][96]
2019 Started Inland Container Depot (ICD) operations at Viramgam[97]
2023 In June 2023, Gateway Distriparks Ltd. initiated double-stack rail transportation services between Viramgam Inland Container Depot (ICD) in Ahmedabad and Mundra Port, aimed at enhancing operational efficiency and reducing logistics costs for its Export-Import (EXIM) trade customers.[98]

Core Business

GDL operates three core businesses: Container Freight Stations (CFS), Rail-linked Inland Container Depots (ICD) and Cold Chain Storage & Logistics.[99][100][101]

Container Freight Stations (CFS)

GDL operates Container Freight Stations, located at major Indian ports such as Navi Mumbai, Chennai, Visakhapatanam and Kochi. The stations offer container yards, general warehousing, bonded warehousing, empty handling and RFID technologies used for container tracking. GDL also has its own dedicated fleet of over 25 rakes and 265 trailers for first and last mile connectivity.[102][103]

Rail-linked Inland Container Depots (ICD)

GDL's rail operations are handled by its subsidiary, Gateway Rail Freight Limited. The ICDs are located at Garhi Harsaru (Gurgaon, Haryana), Sahnewal (Ludhiana, Punjab) and Faridabad, Haryana. In 2010, Blackstone Group had invested ₹300 crores in GatewayRail, and then in 2019 GDL bought back the entire shareholding from Blackstone.[95][37] Company had announced the fifth rail linked container terminal of its subsidiary, Gateway Rail Freight Limited at Viramgam.[102][104]

Cold Chain Logistics

The cold chain logistics of GDL is run by its subsidiary, Snowman Logistics Limited.[105][102][103]

References
  1. "GDL was incorporated on April 06, 1994". Content.icicidirect.com. Retrieved 25 August 2013.
  2. "Gateway Distriparks > Company History > Miscellaneous > Company History of Gateway Distriparks - BSE: 532622, NSE: GDL". www.moneycontrol.com.
  3. "Gateway Distriparks Ltd". Economic Times. Retrieved 12 January 2019.
  4. Hajara, Sabyasachi (16 February 2017). "GATEWAY DISTRIPARKS LTD COMMENCES CFS OPERATIONS AT KRISHNAPATNAM PORT". maritimegateway.com. Colombo International Logistics Conference. Retrieved 6 February 2019.
  5. "JNPT speedy import program weighs on Gateway Distriparks". The Journal of Commerce. JOC Group. Retrieved 6 February 2019.
  6. "CFS DETAILS for Gateway Distriparks Ltd". Jawaharlal Nehru Custom House. Department of Revenue, Minister of Finance, Government of India. Retrieved 6 February 2019.
  7. "Gateway Distriparks to operate Punjab Conware". Business Standard. Mumbai: Business Standard Ltd (BSL). 14 February 2013. Retrieved 6 February 2019.
  8. "IDFC picks 21 pc in Gateway Distriparks". Thehindubusinessline.in. 11 July 2001. Archived from the original on 26 August 2014. Retrieved 25 August 2013.
  9. Bureau, Corporate (24 November 2004). "Temasek arm picks up 10% in logistics firm". Business Standard India. Business Standard Ltd. Retrieved 12 February 2019.
  10. "Temasek arm buys 10% in logistics firm". Rediff.com. Mumbai, India: Rediff.com India Ltd. 24 November 2004. Retrieved 12 February 2019.
  11. PTI (24 November 2004). "Temasek buys stake in Gateway". The Hindu. Archived from the original on 24 August 2014. Retrieved 12 January 2019.
  12. Karun, Shenoy (17 July 2013). "Gopinath Pillai lifts stake in GDL". The Times of India. No. 1. Times Group. Times News Network. Retrieved 6 February 2019.
  13. "The Hindu Business Line : Gateway Distriparks plans greenfield project in Vizag". Thehindubusinessline.in. 24 April 2004. Retrieved 25 August 2013.
  14. "The Hindu Business Line : Gateway Distriparks launches operations in Vizag port". Thehindubusinessline.in. 20 August 2005. Retrieved 25 August 2013.
  15. "Gateway Distriparks subsidiary acquires 100% of Chandra CFS". Moneycontrol. 4 February 2013.
  16. "The Hindu Business Line : Gateway Distriparks buys CWCL's Gurgaon ICD". Thehindubusinessline.in. Retrieved 25 August 2013.
  17. "The Hindu Business Line : Gateway Distriparks lists with premium". Thehindubusinessline.in. 1 April 2005. Retrieved 25 August 2013.
  18. "Announcements". Bseindia.com. 12 December 2005. Retrieved 25 August 2013.
  19. "Press Information Bureau English Releases". Pib.nic.in. Retrieved 25 August 2013.
  20. "Gateway Distriparks to take over Snowman Frozen Foods - Economic Times". Articles.economictimes.indiatimes.com. Retrieved 25 August 2013.
  21. "Gateway Distriparks acquires 50.1 pc stake in Snowman". @businessline. 22 November 2006.
  22. "Gateway buys 50.1 p.c. in Snowman Frozen Foods". The Hindu. 23 November 2006 – via www.thehindu.com.
  23. "Concor, Gateway Rail form venture for container terminal". @businessline. 26 March 2007.
  24. "Concor (India), Gateway Rail ink deal for container terminal". en.portnews.ru. 27 March 2007.
  25. "Share/Stock Market News - Latest NSE, BSE, Business News, Stock/Share Tips, Sensex Nifty, Commodity, Global Market News & Analysis". Moneycontrol.
  26. "Gateway Distriparks to operate Punjab Conware". Business Standard India. Business Standard. 27 December 2006. Retrieved 25 August 2013.
  27. "Gateway signs pact with Punjab Conware for freight station". www.projectstoday.com.
  28. "Temasek Sells Bulk of Its Stake In Gateway Distriparks". VCCircle. 5 March 2009.
  29. "Temasek sells bulk of its stake in Gateway Distriparks". Reuters. 5 March 2009 – via in.reuters.com.
  30. "Temasek Holdings Sells 5.59% Stake in Gateway Distriparks". connection.ebscohost.com. Archived from the original on 26 August 2014. Retrieved 6 February 2019.
  31. P.Manoj, P. R. Sanjai and (12 March 2009). "Allcargo buys 5.97% stake in Gateway Distriparks for Rs29 crore". livemint.com.
  32. "Allcargo acquires 5.97% in Gateway Distriparks" – via www.ndtv.com.
  33. "Allcargo Global buys 5.97% Gateway Distriparks shares". Sify. Archived from the original on 7 February 2019.
  34. "Gateway Rail to invest Rs 25 cr to up cargo handling capacity - Economic Times". Articles.economictimes.indiatimes.com. 30 December 2010. Retrieved 25 August 2013.
  35. "Gateway Rail opens Punjab's Pvt Rail Linked Logistics Park". Moneycontrol.com. 22 December 2008. Retrieved 25 August 2013.
  36. "State gets its first rail-linked logistics park at Sahnewal - Indian Express". archive.indianexpress.com.
  37. "Blackstone to invest Rs 300 cr in Gateway Distriparks arm - Economic Times". economictimes.indiatimes.com. 9 November 2009. Retrieved 25 August 2013.
  38. Sanjai, P. R. (9 November 2009). "Blackstone to invest Rs300 cr in Gateway Distriparks subsidiary". livemint.com.
  39. "Blackstone Buys Stake in Indian Rail Freight Provider (Update2) - Bloomberg". Bloomberg News. 26 August 2014. Archived from the original on 26 August 2014. Retrieved 25 May 2023.
  40. "Blackstone invests up to Rs 300 Cr in Gateway Rail Freight". Reuters. 13 November 2009 – via in.reuters.com.
  41. "GatewayRail to lay rail tracks to Faridabad container depot | Business Line". Thehindubusinessline.com. 27 June 2012. Retrieved 25 August 2013.
  42. "Gateway Distriparks executes share subscription agreement with International Finance Corporation - NDTVProfit.com". Profit.ndtv.com. Retrieved 25 August 2013.
  43. "Press Releases". ifcext.ifc.org.
  44. "Gateway Rail commences double-stack container train operations". www.indiainfoline.com.
  45. "New CFS to add muscle to Gateway Distriparks | Business Line". Thehindubusinessline.com. 19 August 2012. Retrieved 25 August 2013.
  46. Announcement (9 May 2012). "Gateway Distriparks' Vallarpadam CFS commences operations". Business Standard India – via Business Standard.
  47. Kumar, V. Sajeev (9 May 2012). "Gateway Distriparks launches CFS operations at Vallarpadam". @businessline.
  48. Das, Mamuni (23 October 2011). "Double-stacks could be the game-changer". @businessline.
  49. "Gateway Distriparks group's annual throughput crosses half a million TEUs". Myiris.com. Retrieved 25 August 2013.
  50. "Gateway Distriparks subsidiary acquires 100% of Chandra CFS". Moneycontrol.com. 4 February 2013. Retrieved 25 August 2013.
  51. "Gateway Distriparks subsidiary Snowman Logistics to get Rs 60 crores from NVP - Economic Times". Articles.economictimes.indiatimes.com. 14 June 2013. Retrieved 25 August 2013.
  52. PTI (14 June 2013). "Norwest Venture to invest Rs 60-cr in Gateway Distriparks unit". @businessline.
  53. "Norwest Venture Partners to invest $10.4M in cold chain logistics firm Snowman". VCCircle. 14 June 2013.
  54. Sanjai, P. R. (14 June 2013). "Norwest to pick up stake in Gateway Distriparks unit". livemint.com.
  55. "Gateway Distriparks Ltd (GATE.NS) Key Developments". Reuters.com. 1 August 2013. Retrieved 25 August 2013.
  56. "Snowman Logistics files for public issue to allow exit of non-promoters". @businessline. 30 August 2013.
  57. "Gateway Distriparks raises its stake in Snowman Logistics". Moneycontrol.
  58. "Gateway Distriparks Ltd - BSE Announcements". business-standard.com.
  59. "Gateway Distriparks enters in share sale agreement with Nichirei Logistics Corp". Moneycontrol.
  60. "Gateway Distriparks raises stake in Snowman Logistics - Gateway Distriparks Ltd. Latest News". www.moneyworks4me.com.
  61. "ICICI Prudential Mutual Fund buys 10 lakh shares of Gateway Distriparks - Gateway Distriparks Ltd. Latest News". www.moneyworks4me.com.
  62. Vishnoi, Abhishek (9 June 2014). "Gateway Distriparks gains after ICICI Prudential buys stake". Yahoo! Finance. Oath Inc. Yahoo!. Retrieved 6 February 2019.
  63. "Gateway Distriparks Gains After ICICI Prudential Buys Stake". NDTV. 9 June 2014. Retrieved 6 February 2019.
  64. "Gateway Rail commissions new Faridabad Inland Container Depot - NetIndian". netindian.in. 4 August 2014.
  65. "GatewayRail Freight starts rail operations at rail linked logistics park in Haryana". SteelGuru India.
  66. Sanjai, P. R. (16 August 2014). "Gateway Distriparks to list its cold chain unit by month end". livemint.com.
  67. Reuters Editorial. "Gateway Distriparks Ltd (GATE.NS); Key Developments - Reuters.com". U.S. Archived from the original on 6 July 2017. Retrieved 6 February 2019. {{cite web}}: |author= has generic name (help)
  68. "Gateway Distriparks' cold chain unit Snowman Logistics to get listed". VCCircle. 18 August 2014.
  69. Sarkar, Malvika Joshi, Madhura Karnik, Pooja (19 August 2014). "Mid-size infra firms line up for IPOs". livemint.com.{{cite web}}: CS1 maint: multiple names: authors list (link)
  70. Reporter, S. I. (19 August 2014). "Gateway Distriparks hits record high as unit plans IPO". Business Standard India – via Business Standard.
  71. "FNB News - Snowman Logistics to go public with IPO on Aug 26; Price Band Rs 44-47 - FNB News". www.fnbnews.com.
  72. Mishra, Lalatendu (20 August 2014). "Snowman IPO price band at Rs. 44-47". The Hindu – via www.thehindu.com.
  73. Modak, Samie (20 August 2014). "Snowman Logistics' Rs 197-cr IPO to open Aug 26". Business Standard India – via Business Standard.
  74. "Snowman Logistics IPO opens: Should you subscribe?". Moneycontrol.
  75. "Snowman Logistics IPO To Hit Market On Aug 26". RTTNews.
  76. "Snowman Logistics' IPO on August 26; it's a buy, say brokerages". The Economic Times. 22 August 2014. Retrieved 6 February 2019.
  77. "Snowman Logistics IPO Review – OneMint". www.onemint.com. Retrieved 6 February 2019.
  78. Shah, Ami (25 August 2014). "Snowman Logistics says anchor investors subscribe to shares at Rs47 per share". livemint.com.
  79. "Snowman Logistics IPO subscribed 83% on Day 1". Moneycontrol.
  80. "IFC sitting on multi-bagger as Snowman opens IPO; Faering among anchor investors". VCCircle. 26 August 2014.
  81. Reporter, B. S. (25 August 2014). "Snowman raises Rs 44 cr from anchor investors". Business Standard India – via Business Standard.
  82. "Snowman Logistics gets Rs 44.4 cr from 3 anchor investors". Moneycontrol.
  83. Market, Capital (30 August 2014). "Snowman Logistics IPO subscribed 59.75 times". Business Standard India – via Business Standard.
  84. "Snowman Logistics IPO oversubscribed 61 times". 29 August 2014.
  85. Shah, Ami (28 August 2014). "Snowman Logistics' IPO subscribes nearly 60 times". livemint.com.
  86. "PE-backed Snowman Logistics makes a blockbuster debut, lists with 61% premium". VCCircle. 12 September 2014.
  87. "Snowman Logistics surges 68% on listing day". Moneycontrol.
  88. Reporter, S. I. (12 September 2014). "Snowman Logistics lists 62% premium on NSE". Business Standard India. Retrieved 6 February 2019.
  89. "Snowman Logistics lists with 62% premium on NSE". India TV. 12 September 2014. Retrieved 6 February 2019.
  90. "Snowman Logistics lists with 62% premium on NSE". Forever NEWS. 12 September 2014. Retrieved 6 February 2019.
  91. Mandavia, Megha; Mascarenhas, Rajesh (13 September 2014). "Investors make big gains with Snowman Logistics' sizzling debut on D-Street". The Economic Times. Retrieved 6 February 2019.
  92. "Gateway Distriparks hits record high post Snowman's listing". Moneycontrol.
  93. "Snowman Logisitics gives 100% returns in six sessions". The Economic Times. 19 September 2014. Retrieved 6 February 2019.
  94. "FNB News - Snowman Logistics plans 3 warehouses; 2 will have 5000 pellets capacity - FNB News". www.fnbnews.com.
  95. "Gateway Distriparks buys Blackstone stake in rail arm". @businessline. Retrieved 28 May 2018.
  96. Raghavan, Ranjani (2 January 2019). "Blackstone drags Gateway Distriparks into arbitration". VCCircle. Mosaic Media Ventures. Retrieved 6 February 2019.
  97. Bureau, BW Online. "1st Export Train Flagged Off By Ahmedabad Division Of Indian Railways". BW Businessworld. Retrieved 10 September 2019.
  98. BQ Prime
  99. "Gateway Distriparks Ltd (GATE.BO)". Reuters. Thomson Reuters. Archived from the original on 7 February 2019. Retrieved 6 February 2019.
  100. "Gateway Distriparks Ltd". Business Standard. Business Standard Ltd. Retrieved 6 February 2019.
  101. "Gateway Distriparks Ltd; Share Price, Gateway Distriparks". India Infoline. Retrieved 6 February 2019.
  102. "Overview of Gateway Distriparks" (PDF). Balance equity. InfoRes & Advisors (Consilium). Retrieved 6 February 2019.
  103. "Gateway Distriparks undergoes changes in shareholding pattern". The Economic Times. The Times Group. Retrieved 6 February 2019.
  104. "Gateway Rail to Start Handling Container Traffic at Viramgam". APHerald [Andhra Pradesh Herald]. Retrieved 19 October 2018.
  105. Agaram, Sundar Mangadu. "Snowman Logistics Limited" (PDF). sebi.gov.in. Securities and Exchange Board of India. Retrieved 6 February 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.