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Shree Vasu Logistics Ltd.

BSE: 535084 Sector: Others
BSE 05:30 | 01 Jan Shree Vasu Logistics Ltd
NSE 05:30 | 01 Jan Shree Vasu Logistics Ltd

Shree Vasu Logistics Ltd. (SVLL) - Chairman Speech

Company chairman speech

Message to Stakeholders:

My sincere regards to all and I wish you all the very best of health and well-being. Onbehalf of the Board of Directors I am pleased to present to you Shree Vasu LogisticsLimited's ("SVLL") annual report for the financial year ended 31 March 2021("FY 2021").

In the Financial Year 2020-2021 the Revenue of the Company was Rs. 66.34 Crores and PATwas Rs. 3.24 Crores as against Revenue of Rs. 62.38 Crores and PAT was Rs. 2.67 Crores inthe Financial Year 2019-20.

We are one of the largest conglomerates in Carrying and Forwarding Business providing3PL services since last three decades having its operations all across Eastern &Central India started as proprietorship then established ourselves as Private LimitedCompany in 2007 and now we are publically listed company at NSE SME since the year 2018.We are poised to grow exponentially in Raipur Kolkatta Nagpur Hyderabad BangaloreGuwahati Pune & Mumbai.

Year 2020-21 was a year of challenges due to outbreak of COVID 19 pandemic thepandemic impacted all the three sectors of the economy viz. Agriculture Manufacturingand service and the Indian economy saw contribution in GDP due to covid 19 relatedlockdowns and Business disruption . Most of our valued clients belong to FMCG sectors andduring the year we have achieved a increased turnover compare to previous Financial Year.This was possible with immense effort and dedication of our employees who have performedtheir role with utmost responsibility sincerity and integrity. On behalf of the Board Iappreciate those of our people who have continued to work through the pandemic at timesputting themselves and their families at risk to keep essential services operating whileproviding relief to communities and those in need wherever and whenever possible. We owe alot to our people and our business associates and without their support we would not havebeen able to deliver and exceed our commitments during the year.

At Shree Vasu Logistics Limited we are constantly focused on being ahead of the curveby maintaining and identifying the need of the customers . We believe TRUST as keyfoundation of long term corporate relationship with our valued clients. We serve ourclients with minimum coordination gap faster response automated data capturing and MISManagement. We have internal audit team of seven people validating processes of all depotsand the reports are being shared in true colors with the client companies. We believe intransparent business relationship based on mutual trust.

In Concluding I would like to thank the entire team at SVLL for their efforts andcommitment to achieve the goals we have set. I would like to convey my sincereappreciation to the Board of Directors for their guidance. I would also like to express myardent gratitude to all our stakeholders for their faith in SVLL.

Yours Sincerely
Mr. Atul Garg
Managing Director