Western Carriers (India) IPO

Western Carriers (India) is the largest private, multi-modal, rail-focused, 4PL asset-light logistics company in India in terms of container volumes in Fiscal 2022. With a strong presence in the domestic and EXIM (Export-Import) markets, the company has achieved a market share of 7% and 3%, respectively, based on container volumes handled in the same fiscal year.

With a rich legacy and extensive expertise in road, rail, sea, and river multi-modal transportation, Western Carriers (India) boasts five decades of experience in the logistics industry. The company’s Promoter, Rajendra Sethia, has been an integral part of the logistics sector since 1972, when he established a rail-focused logistics business. In 2013, this business was acquired by Western Carriers (India), solidifying its position as a leader in the industry.

Operating on a scalable and asset-light business model, Western Carriers (India) is able to provide innovative and differentiated 3PL (third-party logistics) and 4PL (fourth-party logistics) solutions. The company excels in addressing the complexities of the supply chain by offering customised, one-stop/single-window, end-to-end, and integrated logistics solutions. These solutions encompass a wide range of value-added services, ensuring a seamless experience for their customers.

Western Carriers (India) IPO Strengths

• The company’s expertise in providing end-to-end logistics and bespoke solutions to customers provides it with a significant competitive advantage.
• Given the execution capabilities and ability to provide one-stop/single-window, end-to-end and integrated customised logistics solutions in a market with inherent entry barriers, Western Carriers are strategically positioned to benefit from certain favourable trends and initiatives in the Indian logistics industry.

Western Carriers (India) IPO Risks

• Western Carriers may be unable to sustain the pace of its past growth in future financial periods. Further, its business and the results of operations may be adversely affected if it is unable to successfully implement our business plans and growth strategies.
• Western Carriers may be unable to service its debt obligations in a timely manner or to comply with various financial and other covenants of its financing agreements.