Paradeep Parivahan Limited was incorporated as Paradeep Parivahan Private Limited dated November 17, 2000 issued by Registrar of Companies, Odisha. Subsequently, Company was converted into a Public Limited and the name of the Company was changed to 'Paradeep Parivahan Limited' vide a fresh Certificate of Incorporation dated June 03, 2024 issued by the Registrar of Companies, Central Processing Centre.
Company has set up operations to deliver top-notch services to customers, specializing in cargo handling, port operations, intraport transportation, as well as handling and transportation of port import cargo. Additionally, it excel in in-plant shifting of bulk raw materials and hazardous cargo, railway siding operations, crusher operations, special attention cargo handling, earthwork, and more.
The Company is located within Paradip Port and specializes primarily in logistics. The Company established itself as excavators, cargo handlers, service providers, and importers and exporters of bulk cargo within ports. It boast a significant fleet of the own equipment, including Volvo V loaders introduced as early as 1989 in Paradip. At that time, the logistics sector in the city became sluggish due to limited capacity. However, by 2000, the capacity had increased tenfold.
Later on. the Company introduced advanced tools and mechanisms in Paradip Port to enhance productivity significantly, which directly translated into cost savings for importers and exporters, through the specialized equipment and expertise. As the operations expanded, the Company seized opportunities such as partnering with IFFCO, a major player in market, for heavy machinery services and raw material processing within their plant.
The Company is planning an Initial Public Offer of issuing upto 47,30,000 Equity Shares through Fresh Issue.