Western Carriers India IPO

Western Carriers is one of the few players in the Indian logistics industry that can deliver cost-efficient, time bound and customised services.

They provide large container movement, logistics and long-haul deliveries, vendor-coordination across the supply chain along with value-added services such as product packaging, cargo handling, customs clearance, pre-shipment inspection, containerization, in-plant logistics, just in time inventory management and warehouse planning (Source: 1Lattice Report)

The company’s multi-modal logistics solutions, which includes road, railway, water and air logistics services, minimises the loss of time, risk of loss, pilferage, and damage to cargo at trans-shipment points, reduces multiple layers of documentation and procedures, and helps reduce costs. The company also provides chartering services to overseas destinations, stevedoring services at Indian ports and coastal movement of cargo within India

As of March 31, 2024, the company served a diverse base of 1,647 customers in diverse industries such as metals and mining, FMCG, pharmaceuticals, chemicals, oil and gas, utilities and others (which includes building material, textile, power, electrical equipment and retail). In addition, their revenue from top 10 customers in FY24, 23 and 22 was 71.97%, 67.15%, and 71.80% respectively.