Ritco Logistics Ltd.

Incorporated in 2001, Delhi based Ritco Logistics Limited is a company engaged in the business of providing goods transport service along with warehousing facilities. The company provides a range of services including Contract Logistics, Less than Truck Load (LTL) and Fleet Rental Services. The company primarily serves to industrial customers who need to transport bulk quantities of their goods within India. The major portion of the revenue comes from Contract Logistics. In 2017-18, Contract Logistics services contributed 78.73% of total revenue. The company has built a widespread transportation network of 30 branches in 14 States and 1 Union Territory across India. It owns a fleet of 256 heavy commercial trucks of different sizes and carrying capacities. The total revenue of the Company stood at Rs. 343.91 crores, Rs. 328.96 crores and Rs. 314.16 crores for 2018, 2017 and 2016 respectively. The PAT for the same period was Rs. 10.27 crores, Rs. 3.80 crores and Rs. 1.44 crores respectively. The company has 342 full-time employees on its payroll.Business Overview20+ years of experience, an integrated supply chain solution company driven by technologyOptimal mix of 3PL & assets base with presence in wide verticals such as Contract Logistics, Bulk. FTL, LTL, Warehousing, 3PLMarquee institutional customers with long standing relationshipsPAN-India presence through an established network of 30 branches, 1 lakh+ sq. ft, of warehouse space, 300+ employees1400+ operational fleets with 350+owned vehiclesUnique institutional contracts for fleet maintenance

Ritco Logistics Ltd. proposes to utilise the net proceeds from the Issue for the following objects: