You are here » Home » Companies » Company Overview » Snowman Logistics Ltd

Snowman Logistics Ltd.

BSE: 538635 Sector: Others
NSE: SNOWMAN ISIN Code: INE734N01019
BSE 00:00 | 14 Aug 41.80 -0.85
(-1.99%)
OPEN

43.00

HIGH

43.00

LOW

41.60

NSE 00:00 | 14 Aug 41.75 -1.00
(-2.34%)
OPEN

42.60

HIGH

43.00

LOW

41.55

OPEN 43.00
PREVIOUS CLOSE 42.65
VOLUME 42283
52-Week high 71.00
52-Week low 39.30
P/E
Mkt Cap.(Rs cr) 698
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 43.00
CLOSE 42.65
VOLUME 42283
52-Week high 71.00
52-Week low 39.30
P/E
Mkt Cap.(Rs cr) 698
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Snowman Logistics Ltd. (SNOWMAN) - Company History

Snowman Logistics Ltd was incorporated as Snowman Frozen Foods Limited on March 17 1993 as a public limited company. The company was originally promoted by Amalgam Foods Limited. In 1997 Hindustan Unilever Limited (then Brooke Bond (India) Limited) acquired 23% of the company's equity share capital. In 2001 the Mitsubishi Group acquired a majority stake of the company. Subsequently in 2003 Nichirei Corporation acquired 15% of the company's equity share capital which was thereafter assigned to Nichirei Logistics Group Inc. in 2005.In 2006 Promoter of the company acquired the majority stake of the company by acquiring 6861000 shares held by Amalgam Foods Limited and by subscribing to fresh shares issued by the company. Consequently Promoter of the company held 33.34% of the company's equity share capital. In 2010 IFC acquired 20570000 equity shares of the Company. Subsequently on March 17 2011 the name of the company was changed to Snowman Logistics Limited pursuant to a new certificate of incorporation. The change in name was to better capture the nature of the business of the company. In 2013 NVP acquired 17142857 shares of the Company. Recently on August 2 2014 Promoter of the company acquired 5142500 of the shares held by IFC and on March 11 2014 promoter acquired 7400000 shares from Nichirei and at present holds 54.04% share capital of the company.Snowman commenced its business as a trader of frozen marine products and in Fiscal 1998 the company commenced cold storage operations at 4 (four) locations. It has since then expanded its operations to become an integrated temperature controlled logistics service provider with an ability to service customers on a pan-India basis.Snowman's warehousing solutions cover the complete spectrum of temperature ranges from ambient to chilled and frozen. The company offers blast freezing facilities at its temperature controlled warehouses in Bengaluru Mevalurkuppam (near Chennai) Visakhapatnam Serampore (near Kolkata) Taloja (near Mumbai) Ahmedabad Palwal (near Delhi) Mubarakpur (near Chandigarh) and Surat. Our integrated `Source to Stores' operations comprise warehousing primary distribution and secondary distribution and value-added services including kitting labelling sorting and bulk breaking.As of March 31 2014 the company's operations comprised 23 temperature controlled warehouses across 14 locations in India including Serampore (near Kolkata) Taloja (near Mumbai) Palwal (near Delhi) Mevalurkuppam (near Chennai) and Bengaluru capable of warehousing 58543 pallets and 3000 ambient pallets. A majority of its temperature controlled warehouses are ISO 14001 (TUV-SUD) ISO 22000 (TUV-SUD) and FSSA certified.