Gateway Distriparks

Gateway Distriparks Limited, (NSE: GDL) a company based in Mumbai, India, is a logistics facilitator with three 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
Public
Traded as (BSE: 532622); (NSE: GDL)
Industry Logistics
Founded 1994
Headquarters Mumbai, India
Area served
 India
Key people
 Prem Kishan Gupta(Chairman & Managing Director)
Services
Revenue Increase ₹ 1124 crore (2014-15)
Increase ₹ 188 crore (2014-15)
Number of employees
 700 (June 2014)
Subsidiaries Gateway Rail Freight Limited, Snowman Logistics Limited
Website www.gateway-distriparks.com

History

Year Event
1994 Gateway Distriparks Limited founded[1][2][3][4]
1998 GDL starts CFS operations in Nhava Sheva
2001 IDFC invested ₹26 crores into GDL as private equity[5]
2004 Temasek Holdings Singapore invested into GDL as private equity[6][7][8]

GDL acquires CFS in Chennai and CFS Vizag developed[9][10][11]

Acquisition of ICD Garhi Harsaru and development by GatewayRail[12]

2005 GDL Listed with National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE)[13]

GDL raised ₹352.57 crore through the issue of GDR at Luxembourg[14][15]

2006 GatewayRail obtained Category I CTO (container train operator) licence worth ₹50 crores[16]

GDL acquired majority stake in Snowman Frozen Foods Limited[17][18][19][20]

2007 GatewayRail and Container Corporation of India (CONCOR) form venture for container terminal[21][22][23]

GDL takes over Punjab Conware CFS on 15 year operations & management (O&M) agreement[24][25][26]

2009 Temasek sells 5.59% stake for ₹28 crore[27][28][29]

Allcargo Logistics Limited buys 5.97% stake in GDL for ₹29 crore[30][31][32][33][34][35][36]

GatewayRail starts operations at ICD Sahnewal (Punjab)[37][38][39]

2010 The Blackstone Group invested ₹300 crores in GatewayRail[40][41][42][43][44]
2011 GatewayRail develops ICD Faridabad[45]

International Finance Corporation (IFC) invested ₹24.89 crores in Snowman[46][47][48]

GatewayRail commences double-stack container train operations[49]

2012 GDL starts operations at Kochi CFS[50][51][52][53]

The Gateway Group crossed half a million TEUs annual throughput[54]

2013 GDL acquires a second CFS in Chennai[55]

Norwest Venture Partners invested ₹60 crores in Snowman[56][57][58][59]

Snowman announces approval for IPO[60]

Snowman files for IPO[61]

Morgan Stanley buys 6 lakh shares for ₹ 6.268 crores in GDL[62][63]

2014 GDL acquires 74 lakh equity shares of Snowman for ₹ 25.9 crores[64][65][66][67][68][69][70][71]

ICICI Prudential buys 10 lakh shares of GDL for ₹ 22.8 crores[72][73][74][75]

Windmill International sells 12,00,000 shares of GDL[76][77][78]

GatewayRail starts rail operations at ICD Faridabad[79][80][81][82][83]

ICICI Prudential buys 19.84 lakh shares of GDL[84][85][86][87]

Snowman files red herring prospectus for an IPO of its equity shares[88][89][90][91][92][93]

Snowman IPO to open on August 26 in range of ₹44-47[94][95][96][97][98][99][100]

Snowman IPO opens and anchor investors subscribe to 94.5 lakh shares at ₹47 per share[101][102][103][104][105][106][107]

Snowman IPO oversubscribed 60 times[108][109][110]

Snowman listed at ₹76 (62% premium against issue price)[111][112][113][114][115]

GDL share price at an all-time high at ₹278.90[116]

Snowman gives 100% returns in six sessions[117]

Snowman planning to set up 3 warehouses and increase capacity by 14,500 pallets[118]

Core Business

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

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 385 trailers for first and last mile connectivity.

Rail-linked Inland Container Depots (ICD)

GDL's rail operations are handled by its subsidiary, Gateway Rail Freight Limited. GatewayRail provides inter-modal logistics and operates Inland Container Depots that are connected to ports by rail. GatewayRail offers export-import (EXIM), domestic movement, Reefer services, double stack, CFS services and road transportation with a dedicated fleet of over 220 trailers for first and last mile connectivity. The ICDs are located at Garhi Harsaru (Gurgaon, Haryana), Sahnewal (Ludhiana, Punjab) and Faridabad, Haryana. GatewayRail also operates a rail-linked domestic terminal at Kalamboli (Navi Mumbai). In 2010, Blackstone Group had invested ₹300 crores in GatewayRail.[119]

Cold Chain Logistics

The cold chain logistics of GDL is run by its subsidiary, Snowman Logistics Limited. Snowman is an integrated, temperature controlled logistics services provider with 25 temperature controlled warehouses in 15 cities across India. The warehousing capacity is more than 65,000 pallets and 3,000 ambient pallets as of 1 December 2013. It operates over 350 reefer vehicles for primary and secondary transportation, covering 4,500 outlets in over 150 cities. Snowman offers temperature controlled storage, just-in-time delivery, retail inventory management and blast freezing services. Snowman's products include pharmaceutical products, retail and processed foods, fast food, dairy products, seafood, meat, poultry, fruits, vegetables and photofilms. Other investors in Snowman include Mitsubishi Corporation, Mitsubishi Logistics Corporation, International Finance Corporation (IFC) and Norwest Venture Partners (NVP).[120]

References

  1. ↑ "GDL was incorporated on April 06, 1994". Content.icicidirect.com. Retrieved 2013-08-25.
  2. ↑ http://www.sebi.gov.in/dp/gateway.pdf
  3. ↑ http://www.moneycontrol.com/company-facts/gatewaydistriparks/history/GD01
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  5. ↑ "IDFC picks 21 pc in Gateway Distriparks". Thehindubusinessline.in. 2001-07-11. Retrieved 2013-08-25.
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  12. ↑ "The Hindu Business Line : Gateway Distriparks buys CWCL's Gurgaon ICD". Thehindubusinessline.in. Retrieved 2013-08-25.
  13. ↑ "The Hindu Business Line : Gateway Distriparks lists with premium". Thehindubusinessline.in. 2005-04-01. Retrieved 2013-08-25.
  14. ↑ "Announcements". Bseindia.com. 2005-12-12. Retrieved 2013-08-25.
  15. ↑ http://www.capitalmarket.com/cmedit/story2-0.asp?SNo=113239
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