Gateway Distriparks Explained

Gateway Distriparks Limited
Type:Public
Location City:Mumbai, India
Foundation:1994
Key People:
  • Prem Kishan Gupta (Group Chairman & Managing Director)
  • Ishaan Gupta (Joint Managing Director)
  • Samvid Gupta (Joint Managing Director - GatewayRail)
  • Sachin Bhanushali (CEO - Gateway Rail)
Area Served:India
Industry:Logistics
Subsid:Gateway Rail Freight Limited, Snowman Logistics Limited
Revenue: 1,527 crore (2018-19)
Net Income: 150 crore (2018-19)
Num Employees:2500

Gateway Distriparks Limited is an Indian logistics company based in Mumbai with three business verticals: Container Freight Stations (CFS), Inland Container Depots (ICD) with rail movement and Cold Chain Storage & Logistics. The company was founded in April 1994 and originally promoted by Newsprint Trading & Sales Corporation (NTSC), CWT Distribution Limited, NUR Investment and Trading Pvt. Ltd. and Intercontinental Forest Products Pte. Ltd. (IFP) as a joint venture company to conduct the business of warehousing, container freight stations and all related activities. As of November 2015, Prism International Private Limited (same group as NTSC) is the sole promoter of the company.

History

Year Event
1994 Gateway Distriparks Limited founded[1] [2] [3]
1998 GDL started CFS operations in Nhava Sheva[4] [5] [6] [7]
2001 IDFC invested 26 crores into GDL as private equity[8]
2004 Temasek Holdings Singapore invested into GDL as private equity[9] [10] [11] [12]

GDL acquired CFS in Chennai and CFS Vizag developed[13] [14] [15]

Acquisition of ICD Garhi Harsaru and development by GatewayRail[16]

2005 GDL Listed with National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE)[17]

GDL raised 352.57 crore through the issue of GDR at Luxembourg[18]

2006 GatewayRail obtained Category I CTO (container train operator) licence worth 50 crores[19]

GDL acquired majority stake in Snowman Frozen Foods Limited[20] [21] [22]

2007 GatewayRail and Container Corporation of India (CONCOR) form venture for container terminal[23] [24] [25]

GDL takes over Punjab Conware CFS on 15 year operations & management (O&M) agreement[26] [27]

2009 Temasek sells 5.59% stake for 28 crore[28] [29] [30]

Allcargo Logistics Limited buys 5.97% stake in GDL for 29 crore[31] [32] [33]

GatewayRail starts operations at ICD Sahnewal (Punjab)[34] [35] [36]

2010 The Blackstone Group invested 300 crores in GatewayRail[37] [38] [39] [40]
2011 GatewayRail develops ICD Faridabad[41] International Finance Corporation (IFC) invested 24.89 crores in Snowman[42] [43]

GatewayRail commences double-stack container train operations[44]

2012 GDL starts operations at Kochi CFS[45] [46] [47] [48]

The Gateway Group crossed half a million TEUs annual throughput[49]

2013 GDL acquires a second CFS in Chennai[50]

Norwest Venture Partners invested 60 crores in Snowman[51] [52] [53] [54]

Snowman announces approval for IPO[55]

Snowman files for IPO[56]

2014 GDL acquires 74 lakh equity shares of Snowman for 25.9 crores[57] [58] [59] [60]

ICICI Prudential buys 10 lakh shares (1 million) of GDL for 22.8 crores[61] [62] [63]

GatewayRail starts rail operations at ICD Faridabad[64] [65]

Snowman files red herring prospectus for an IPO of its equity shares[66] [67] [68] [69] [70]

Snowman IPO opens on 26 August in the range of 44-47[71] [72] [73] [74] [75] [76] [77]

Snowman IPO opens and anchor investors subscribe to 94.5 lakh shares at 47 per share[78] [79] [80] [81] [82]

Snowman IPO oversubscribed 60 times[83] [84] [85]

Snowman listed at 76 (62% premium against issue price)[86] [87] [88] [89] [90] [91]

GDL share price at an all-time high at 278.90[92]

Snowman gives 100% returns in six sessions[93]

Snowman planning to set up 3 warehouses and increase capacity by 14,500 pallets[94]

2018GDL acquires Blackstone shareholding in Gateway Rail Freight Limited [95] [96]
2019Started Inland Container Depot (ICD) operations at Viramgam[97]
2023In June 2023, Gateway Distriparks Ltd. initiated double-stack rail transportation services between Viramgam Inland Container Depot (ICD) in Ahmedabad and Mundra Port, aimed at enhancing operational efficiency and reducing logistics costs for its Export-Import (EXIM) trade customers.[98]

Core Business

GDL operates three core businesses: Container Freight Stations (CFS), Rail-linked Inland Container Depots (ICD) and Cold Chain Storage & Logistics.[99] [100] [101]

Container Freight Stations (CFS)

GDL operates Container Freight Stations, located at major Indian ports such as Navi Mumbai, Chennai, Visakhapatanam and Kochi. The stations offer container yards, general warehousing, bonded warehousing, empty handling and RFID technologies used for container tracking. GDL also has its own dedicated fleet of over 25 rakes and 265 trailers for first and last mile connectivity.[102] [103]

Rail-linked Inland Container Depots (ICD)

GDL's rail operations are handled by its subsidiary, Gateway Rail Freight Limited. The ICDs are located at Garhi Harsaru (Gurgaon, Haryana), Sahnewal (Ludhiana, Punjab) and Faridabad, Haryana. In 2010, Blackstone Group had invested 300 crores in GatewayRail, and then in 2019 GDL bought back the entire shareholding from Blackstone.[37] Company had announced the fifth rail linked container terminal of its subsidiary, Gateway Rail Freight Limited at Viramgam.[102] [104]

Cold Chain Logistics

The cold chain logistics of GDL is run by its subsidiary, Snowman Logistics Limited.[105] [102] [103]

Notes and References

  1. Web site: GDL was incorporated on April 06, 1994 . Content.icicidirect.com . 2013-08-25.
  2. Web site: Gateway Distriparks > Company History > Miscellaneous > Company History of Gateway Distriparks - BSE: 532622, NSE: GDL. www.moneycontrol.com.
  3. News: Gateway Distriparks Ltd. . Economic Times . 12 January 2019 .
  4. Web site: Hajara . Sabyasachi . GATEWAY DISTRIPARKS LTD COMMENCES CFS OPERATIONS AT KRISHNAPATNAM PORT . maritimegateway.com . 16 February 2017 . Colombo International Logistics Conference . 6 February 2019.
  5. Web site: JNPT speedy import program weighs on Gateway Distriparks . . . 6 February 2019.
  6. Web site: CFS DETAILS for Gateway Distriparks Ltd . Jawaharlal Nehru Custom House . Department of Revenue, Minister of Finance, Government of India . 6 February 2019.
  7. Web site: Gateway Distriparks to operate Punjab Conware . . Business Standard Ltd (BSL) . 6 February 2019 . Mumbai . 14 February 2013.
  8. Web site: IDFC picks 21 pc in Gateway Distriparks . Thehindubusinessline.in . 2001-07-11 . 2013-08-25 . dead . https://web.archive.org/web/20140826120229/http://www.thehindubusinessline.in/logistic/2001/07/11/stories/0911g051.htm . 2014-08-26 .
  9. Web site: Bureau . Corporate . Temasek arm picks up 10% in logistics firm . . Business Standard Ltd. . 12 February 2019 . 24 November 2004.
  10. Web site: Temasek arm buys 10% in logistics firm . . Rediff.com India Ltd. . 12 February 2019 . . 24 November 2004.
  11. News: Temasek buys stake in Gateway . https://archive.today/20140824085740/http://www.thehindu.com/2004/11/24/stories/2004112404431401.htm . dead . 24 August 2014 . 24 November 2004 . PTI . . 12 January 2019 .
  12. News: Karun . Shenoy . Gopinath Pillai lifts stake in GDL . 6 February 2019 . . Times News Network . 1 . . 17 July 2013.
  13. Web site: The Hindu Business Line : Gateway Distriparks plans greenfield project in Vizag . Thehindubusinessline.in . 2004-04-24 . 2013-08-25.
  14. Web site: The Hindu Business Line : Gateway Distriparks launches operations in Vizag port . Thehindubusinessline.in . 2005-08-20 . 2013-08-25.
  15. Web site: Gateway Distriparks subsidiary acquires 100% of Chandra CFS. Moneycontrol. 4 February 2013 .
  16. Web site: The Hindu Business Line : Gateway Distriparks buys CWCL's Gurgaon ICD . Thehindubusinessline.in . 2013-08-25.
  17. Web site: The Hindu Business Line : Gateway Distriparks lists with premium . Thehindubusinessline.in . 2005-04-01 . 2013-08-25.
  18. Web site: Announcements . Bseindia.com . 2005-12-12 . 2013-08-25.
  19. Web site: Press Information Bureau English Releases . Pib.nic.in . 2013-08-25.
  20. Web site: Gateway Distriparks to take over Snowman Frozen Foods - Economic Times . Articles.economictimes.indiatimes.com . 2013-08-25.
  21. Web site: Gateway Distriparks acquires 50.1 pc stake in Snowman. @businessline. 22 November 2006 .
  22. News: Gateway buys 50.1 p.c. in Snowman Frozen Foods. The Hindu . 23 November 2006. www.thehindu.com.
  23. Web site: Concor, Gateway Rail form venture for container terminal. @businessline. 26 March 2007 .
  24. Web site: Concor (India), Gateway Rail ink deal for container terminal. en.portnews.ru. 27 March 2007 .
  25. Web site: Share/Stock Market News - Latest NSE, BSE, Business News, Stock/Share Tips, Sensex Nifty, Commodity, Global Market News & Analysis. Moneycontrol.
  26. News: Gateway Distriparks to operate Punjab Conware . Business Standard India . Business Standard . 2006-12-27 . 2013-08-25.
  27. Web site: Gateway signs pact with Punjab Conware for freight station. www.projectstoday.com.
  28. Web site: Temasek Sells Bulk of Its Stake In Gateway Distriparks. 5 March 2009. VCCircle.
  29. News: Temasek sells bulk of its stake in Gateway Distriparks. Reuters . 5 March 2009. in.reuters.com.
  30. Web site: Temasek Holdings Sells 5.59% Stake in Gateway Distriparks. https://web.archive.org/web/20140826114807/http://connection.ebscohost.com/c/articles/37129999/temasek-holdings-sells-5-59-stake-gateway-distriparks. dead. 2014-08-26. connection.ebscohost.com. 2019-02-06.
  31. Web site: Allcargo buys 5.97% stake in Gateway Distriparks for Rs29 crore. P.Manoj. P. R. Sanjai and. 12 March 2009. livemint.com.
  32. Web site: Allcargo acquires 5.97% in Gateway Distriparks. www.ndtv.com.
  33. Web site: Allcargo Global buys 5.97% Gateway Distriparks shares. https://web.archive.org/web/20190207020408/http://origin-www.sify.com/finance/allcargo-global-buys-5-97-gateway-distriparks-shares-news-default-jegs3Ucdhfasi.html. dead. 2019-02-07. Sify.
  34. Web site: Gateway Rail to invest Rs 25 cr to up cargo handling capacity - Economic Times . Articles.economictimes.indiatimes.com . 2010-12-30 . 2013-08-25.
  35. Web site: Gateway Rail opens Punjab's Pvt Rail Linked Logistics Park . Moneycontrol.com . 2008-12-22 . 2013-08-25.
  36. Web site: State gets its first rail-linked logistics park at Sahnewal - Indian Express. archive.indianexpress.com.
  37. Web site: Blackstone to invest Rs 300 cr in Gateway Distriparks arm - Economic Times. 2009-11-09. economictimes.indiatimes.com. 2013-08-25.
  38. Web site: Blackstone to invest Rs300 cr in Gateway Distriparks subsidiary. Sanjai. P. R.. 9 November 2009. livemint.com.
  39. Web site: 2014-08-26 . Blackstone Buys Stake in Indian Rail Freight Provider (Update2) - Bloomberg . . 2023-05-25 . https://web.archive.org/web/20140826114122/https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQskuGEj1td8 . 26 August 2014 .
  40. News: Blackstone invests up to Rs 300 Cr in Gateway Rail Freight. Reuters . 13 November 2009. in.reuters.com.
  41. Web site: GatewayRail to lay rail tracks to Faridabad container depot | Business Line . Thehindubusinessline.com . 2012-06-27 . 2013-08-25.
  42. Web site: Gateway Distriparks executes share subscription agreement with International Finance Corporation - NDTVProfit.com . Profit.ndtv.com . 2013-08-25.
  43. Web site: Press Releases. ifcext.ifc.org.
  44. Web site: Gateway Rail commences double-stack container train operations. www.indiainfoline.com.
  45. Web site: New CFS to add muscle to Gateway Distriparks | Business Line . Thehindubusinessline.com . 2012-08-19 . 2013-08-25.
  46. News: Gateway Distriparks' Vallarpadam CFS commences operations. Announcement. Business Standard India . 9 May 2012. Business Standard.
  47. Web site: Gateway Distriparks launches CFS operations at Vallarpadam. V. Sajeev. Kumar. @businessline. 9 May 2012 .
  48. Web site: Double-stacks could be the game-changer. Mamuni. Das. @businessline. 23 October 2011 .
  49. Web site: Gateway Distriparks group's annual throughput crosses half a million TEUs . Myiris.com . 2013-08-25.
  50. Web site: Gateway Distriparks subsidiary acquires 100% of Chandra CFS . Moneycontrol.com . 2013-02-04 . 2013-08-25.
  51. Web site: Gateway Distriparks subsidiary Snowman Logistics to get Rs 60 crores from NVP - Economic Times . Articles.economictimes.indiatimes.com . 2013-06-14 . 2013-08-25.
  52. Web site: Norwest Venture to invest Rs 60-cr in Gateway Distriparks unit. PTI. @businessline. 14 June 2013 .
  53. Web site: Norwest Venture Partners to invest $10.4M in cold chain logistics firm Snowman. 14 June 2013. VCCircle.
  54. Web site: Norwest to pick up stake in Gateway Distriparks unit. P. R.. Sanjai. 14 June 2013. livemint.com.
  55. Web site: Gateway Distriparks Ltd (GATE.NS) Key Developments . Reuters.com . 2013-08-01 . 2013-08-25.
  56. Web site: Snowman Logistics files for public issue to allow exit of non-promoters. @businessline. 30 August 2013 .
  57. Web site: Gateway Distriparks raises its stake in Snowman Logistics. Moneycontrol.
  58. Web site: Gateway Distriparks Ltd - BSE Announcements. business-standard.com.
  59. Web site: Gateway Distriparks enters in share sale agreement with Nichirei Logistics Corp. Moneycontrol.
  60. Web site: Gateway Distriparks raises stake in Snowman Logistics - Gateway Distriparks Ltd. Latest News. www.moneyworks4me.com.
  61. Web site: ICICI Prudential Mutual Fund buys 10 lakh shares of Gateway Distriparks - Gateway Distriparks Ltd. Latest News. www.moneyworks4me.com.
  62. News: Gateway Distriparks gains after ICICI Prudential buys stake. Vishnoi. Abhishek. 9 June 2014. Yahoo! Finance. 6 February 2019. Oath Inc.. Yahoo!.
  63. Web site: Gateway Distriparks Gains After ICICI Prudential Buys Stake. 9 June 2014. NDTV. 2019-02-06.
  64. Web site: Gateway Rail commissions new Faridabad Inland Container Depot - NetIndian. 4 August 2014. netindian.in.
  65. Web site: GatewayRail Freight starts rail operations at rail linked logistics park in Haryana. SteelGuru India.
  66. Web site: Gateway Distriparks to list its cold chain unit by month end. Sanjai. P. R.. 16 August 2014. livemint.com.
  67. Web site: Gateway Distriparks Ltd (GATE.NS); Key Developments - Reuters.com. https://web.archive.org/web/20170706051347/http://www.reuters.com/finance/stocks/GATE.NS/key-developments. dead. 6 July 2017. Reuters Editorial. U.S.. 6 February 2019.
  68. Web site: Gateway Distriparks' cold chain unit Snowman Logistics to get listed. 18 August 2014. VCCircle.
  69. Web site: Mid-size infra firms line up for IPOs. Sarkar. Malvika Joshi, Madhura Karnik, Pooja. 19 August 2014. livemint.com.
  70. News: Gateway Distriparks hits record high as unit plans IPO. S. I.. Reporter. Business Standard India . 19 August 2014. Business Standard.
  71. Web site: FNB News - Snowman Logistics to go public with IPO on Aug 26; Price Band Rs 44-47 - FNB News. www.fnbnews.com.
  72. News: Snowman IPO price band at Rs. 44-47. Lalatendu. Mishra. The Hindu . 20 August 2014. www.thehindu.com.
  73. News: Snowman Logistics' Rs 197-cr IPO to open Aug 26. Samie. Modak. Business Standard India . 20 August 2014. Business Standard.
  74. Web site: Snowman Logistics IPO opens: Should you subscribe?. Moneycontrol.
  75. Web site: Snowman Logistics IPO To Hit Market On Aug 26. RTTNews.
  76. News: Snowman Logistics' IPO on August 26; it's a buy, say brokerages. 2014-08-22. The Economic Times. 2019-02-06.
  77. Web site: Snowman Logistics IPO Review – OneMint. www.onemint.com. 25 August 2014 . 2019-02-06.
  78. Web site: Snowman Logistics says anchor investors subscribe to shares at Rs47 per share. Shah. Ami. 25 August 2014. livemint.com.
  79. Web site: Snowman Logistics IPO subscribed 83% on Day 1. Moneycontrol.
  80. Web site: IFC sitting on multi-bagger as Snowman opens IPO; Faering among anchor investors. 26 August 2014. VCCircle.
  81. News: Snowman raises Rs 44 cr from anchor investors. B. S.. Reporter. Business Standard India . 25 August 2014. Business Standard.
  82. Web site: Snowman Logistics gets Rs 44.4 cr from 3 anchor investors. Moneycontrol.
  83. News: Snowman Logistics IPO subscribed 59.75 times. Capital. Market. Business Standard India . 30 August 2014. Business Standard.
  84. Web site: Snowman Logistics IPO oversubscribed 61 times. 29 August 2014.
  85. Web site: Snowman Logistics' IPO subscribes nearly 60 times. Shah. Ami. 28 August 2014. livemint.com.
  86. Web site: PE-backed Snowman Logistics makes a blockbuster debut, lists with 61% premium. 12 September 2014. VCCircle.
  87. Web site: Snowman Logistics surges 68% on listing day. Moneycontrol.
  88. News: Snowman Logistics lists 62% premium on NSE. Reporter. S. I.. 2014-09-12. Business Standard India. 2019-02-06.
  89. Web site: Snowman Logistics lists with 62% premium on NSE. 2014-09-12. India TV. en. 2019-02-06.
  90. Web site: Snowman Logistics lists with 62% premium on NSE. 2014-09-12. Forever NEWS. en-US. 2019-02-06.
  91. News: Investors make big gains with Snowman Logistics' sizzling debut on D-Street. Mandavia. Megha. 2014-09-13. The Economic Times. 2019-02-06. Mascarenhas. Rajesh.
  92. Web site: Gateway Distriparks hits record high post Snowman's listing. Moneycontrol.
  93. News: Snowman Logisitics gives 100% returns in six sessions. 2014-09-19. The Economic Times. 2019-02-06.
  94. Web site: FNB News - Snowman Logistics plans 3 warehouses; 2 will have 5000 pellets capacity - FNB News. www.fnbnews.com.
  95. News: Gateway Distriparks buys Blackstone stake in rail arm. @businessline. 2018-05-28. en.
  96. Web site: Raghavan . Ranjani . Blackstone drags Gateway Distriparks into arbitration . . 2 January 2019 . Mosaic Media Ventures . 6 February 2019.
  97. Web site: 1st Export Train Flagged Off By Ahmedabad Division Of Indian Railways. Bureau. BW Online. BW Businessworld. en. 2019-09-10.
  98. https://www.bqprime.com/business/gateway-distriparks-begins-double-stack-rail-services-between-viramgam-icd-and-mundra-port BQ Prime
  99. Web site: Gateway Distriparks Ltd (GATE.BO) . https://web.archive.org/web/20190207020042/https://in.reuters.com/finance/stocks/company-profile/GATE.BO . dead . 7 February 2019 . . . 6 February 2019.
  100. News: Gateway Distriparks Ltd. . . Business Standard Ltd. . 6 February 2019.
  101. Web site: Gateway Distriparks Ltd; Share Price, Gateway Distriparks . . 6 February 2019.
  102. Web site: Overview of Gateway Distriparks . Balance equity . InfoRes & Advisors (Consilium) . 6 February 2019.
  103. News: Gateway Distriparks undergoes changes in shareholding pattern . . . 6 February 2019.
  104. News: Gateway Rail to Start Handling Container Traffic at Viramgam. APHerald [Andhra Pradesh Herald]. 2018-10-19. en.
  105. Web site: Agaram . Sundar Mangadu . Snowman Logistics Limited . sebi.gov.in . . 6 February 2019.

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