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AVG Logistics Ltd.

BSE: 535067 Sector: Others
NSE: AVG ISIN Code: INE680Z01018
BSE 05:30 | 01 Jan AVG Logistics Ltd
NSE 05:30 | 01 Jan AVG Logistics Ltd

AVG Logistics Ltd. (AVG) - Company History

AVG Logistics Limited was originally incorporated as a private limited company with the name 'AVG Logistics Private Limited' on January 25 2010. Further pursuant to conversion of the Company to a public limited company and the name of the company was changed to 'AVG Logistics Limited' on February 21 2018.AVG is an organised third-party logistics service operator offering logistics solutions to a wide range of customers. It offers Full Truck Load (FTL) and 'hub-and-spoke' transportation model and warehousing services to select clients with pan-India distribution network and automated technology systems. The Customers of the company operate in various sectors across India including automotive and heavy engineering telecom food and agro fast-moving consumer goods ('FMCG') paint and dairy. The Company offers customers services in three key areas (1) Transportation whereby it provides point-to-point less-than truck-load time-definite transportation services; (2) Warehousing whereby it provides warehousing distribution and cold-chain warehousing; and (3) Value-added Services including temperature-controlled logistics supply chain solutions and cargo handling services at integrated check posts.The Company has five (5) trans-shipment centres at Guwahati Bangalore Hyderabad Delhi-UP border and Kundli (Delhi-Haryana border) and forty nine (49) branches across India covering twenty three (23) states as of September 30 2017. It operates two hundred sixty four (264) owned containerised vehicles which are GPS-enabled vehicles of which eighty five (85) are refrigerated (reefer) trucks. The Company provides warehousing facilities to select customers and it is well connected to several manufacturing and consumption clusters in India aggregating to 3.54 lakh square feet. The Company has warehouses in Modinagar Ghaziabad Delhi and Panipat. The Company is in the process of setting up additional large format multi-user warehouses in certain strategic locations and has acquired land at Agartala in Tripura and Mysore in Karnataka adding 1.08 lakhs square feet. The Company has adopted technology and processes including (i) a system on loading and unloading of orders with accuracy; (ii) GPS-enabled trucks that provide real-time visibility of shipments; (iii) data logger for controlling temperature in reefers and (iv) driver and truck management systems. All warehouses are equipped with information and technology services like warehouse management systems (WMS) for optimal management and storage in the warehouse.