In the dynamic landscape of surface logistics in India, VRL Logistics Limited stands out as a premier company dedicated to excellence in goods transportation and less-than-truckload (LTL) services. With a strong emphasis on quality logistics services, VRL Logistics has established itself as a torchbearer in the LTL business, offering reliable and efficient surface logistics solutions across the nation.
Detailed Profile of VRL Logistics Limited
VRL Logistics Limited is a prominent player in India’s surface logistics industry, specializing in the less-than-truckload (LTL) business. The company’s vision is to become the premier company in the country’s surface logistics industry and emerge as the torchbearer of less-than-truckload business in India. This vision drives VRL Logistics to continuously enhance its surface logistics services, ensuring it remains at the forefront of the LTL business sector.
The mission of VRL Logistics is to provide the highest quality service to customers by continuously increasing service quality and maintaining delivery deadlines. The company encourages its workforce to strive for quality and excellence in all activities, promoting teamwork and creating a work environment that encourages talent and brings out the best in employees. This focus on employee development and quality logistics services has been instrumental in building a robust surface logistics network.
VRL Logistics adheres to a stringent quality policy, committing to provide quality logistics services consistently at reasonable prices and to continuously improve these services to achieve customer delight on a sustained basis. Headquartered in Hubballi, Karnataka, the company operates from its registered office at RS No.351/1, Varur, Post Chabbi, Taluk Hubballi, District Dharwad, Hubballi – 581 207, and corporate office at Giriraj Annexe, Circuit House Road, Hubballi – 580 029. This strategic location supports efficient surface logistics operations across India.
Business Segments of VRL Logistics Limited with Comprehensive Details and Revenue Breakup %
VRL Logistics Limited operates primarily in a single reportable business segment: the Goods Transport Business. This segment constitutes the core of the company’s operations in the surface logistics industry, focusing on less-than-truckload (LTL) services and full truckload (FTL) transportation. As per the company’s assessment and in the opinion of the Chief Operating Decision-maker, this forms a single reportable segment as of March 31, 2025.
List of Business Segments:
- Goods Transport Segment: This is the primary segment involving the pan-India movement of consignments of varying sizes and weights. It includes general parcel services, FTL services, and courier services for small parcels and documents.
- Comprehensive Details: The Goods Transport segment offers transportation solutions using a range of road transportation methods. Customers can book consignments under three modes: “Paid,” “To-pay,” and “Account” (Billing). The segment leverages an extensive network of branches and transshipment hubs for efficient sorting and delivery. VRL Logistics emphasizes owned vehicles for LTL services to ensure control over operations and better service quality. The segment benefits from direct vehicle movements to reduce transit times and improve cost efficiency. Specialized commodities and untapped locations are focused areas for growth. The segment’s operations are supported by in-house IT systems for real-time rate approvals and escalation matrices.
- Revenue Breakup %: For the year ended March 31, 2025, the Goods Transport segment accounted for 98.87% of revenue from operations, amounting to ₹312,533.51 lakhs out of total revenue from operations of ₹316,094.80 lakhs.
- Courier Services (Integrated within Goods Transport): While part of the main segment, courier services are offered for time-sensitive documents and packages using multi-modal solutions.
- Comprehensive Details: Courier services complement the general parcel operations, providing reliable transportation for small parcels. This service utilizes the same network as goods transport, ensuring seamless integration and efficiency in surface logistics.
- Revenue Breakup %: Courier services contributed 1.13% of revenue from operations, totaling ₹3,561.29 lakhs.
Prior to FY 2022-23, the company operated in four segments, but it has since focused exclusively on the Goods Transport Business after hiving off non-core activities. This strategic shift has enhanced operational focus on surface logistics and LTL business, leading to improved profitability.
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The single-segment approach allows VRL Logistics to streamline resources and optimize performance in goods transportation. Revenue growth in this segment was driven by pricing rationalization and volume recovery, with total revenue from operations increasing by 9.43% year-over-year.
(Elaborating: The Goods Transport segment is the backbone of VRL Logistics’ business, encompassing comprehensive surface logistics services. Detailed operations include aggregation of consignments at branches for direct movements, minimizing hub routing to enhance efficiency in LTL services. The segment’s revenue dominance reflects its central role in the company’s strategy.
Courier services, though a smaller percentage, add value by catering to niche needs in time-sensitive deliveries, integrated within the broader goods transport framework. This segmentation ensures diversified yet focused revenue streams in surface logistics.
Future segment performance is expected to benefit from branch expansion and specialized commodity focus, further solidifying VRL Logistics’ position in goods transportation. The revenue breakup highlights the segment’s profitability, with improvements in EBITDA margins due to cost controls and freight rate adjustments.
VRL Logistics’ business segments are aligned with its mission to deliver quality logistics services, ensuring sustained customer delight in the LTL business. The single-segment structure simplifies reporting and enhances decision-making for future growth in surface logistics.)
Details of Products or Services Offered by VRL Logistics Limited with Comprehensive Details and Revenue Breakup %
VRL Logistics Limited offers a range of logistics services focused on goods transportation, with products and services designed to meet diverse customer needs in the surface logistics industry.
List of Products/Services:
- General Parcel Services: Core service for pan-India movement of consignments of varying sizes and weights.
- Comprehensive Details: General parcel forms the foundation of VRL Logistics’ offerings, involving transportation of less-than-truckload consignments. Bookings are available in “Paid,” “To-pay,” and “Account” modes. The service utilizes owned vehicles and infrastructure for reliable delivery, with emphasis on minimizing transshipments to reduce transit times. It caters to small customers and local markets, focusing on profitable freight contracts.
- Revenue Breakup %: Integrated within Goods Transport, contributing significantly to the 98.87% segment revenue.
- Full Truckload (FTL) Services: Transportation of full vehicle loads from customer premises to specified destinations.
- Comprehensive Details: FTL services leverage the branch network and agency partnerships for complete load transportation. This service is offered to customers requiring dedicated vehicles, ensuring direct and secure delivery. It complements LTL operations by utilizing excess capacity and providing customized solutions.
- Revenue Breakup %: Part of the Goods Transport segment, no separate breakup provided, but contributes to overall segment revenue.
- Courier Services: Transportation of small parcels, documents, and time-sensitive packages using multi-modal solutions.
- Comprehensive Details: Courier services are designed for quick and reliable delivery of small items. The service uses the existing surface logistics network, including road and other modes, to ensure timely delivery. It targets customers needing express services for documents and light packages.
- Revenue Breakup %: 1.13% of total revenue from operations, amounting to ₹3,561.29 lakhs.
The products and services are offered under the abatement option for GST, with no input credit claimed, impacting costs but ensuring compliance in surface logistics operations. Revenue from these services totaled ₹316,094.80 lakhs, with growth attributed to freight rate rationalization and operational efficiencies.
(Elaborating: VRL Logistics’ general parcel services are tailored for efficient LTL business, providing comprehensive surface logistics solutions. Detailed processes include consignment sorting at transshipment hubs and direct vehicle deployments for optimal goods transportation.
FTL services offer flexibility for larger loads, enhancing VRL Logistics’ portfolio in surface logistics. The service’s integration with branch networks ensures seamless operations and customer satisfaction in goods transportation.
Courier services add a layer of specialization, focusing on time-sensitive deliveries within the LTL framework. This service’s revenue contribution, though small, diversifies VRL Logistics’ offerings in surface logistics.
The company’s products and services emphasize quality and reliability, aligning with its quality policy for sustained customer delight. Future enhancements in these services will drive volume growth in goods transportation.
VRL Logistics’ service lineup is supported by in-house IT for real-time management, ensuring competitive advantage in the surface logistics industry. The revenue breakup reflects the dominance of core transportation services, with potential for expansion in specialized areas.)
Company History with Comprehensive Details
VRL Logistics Limited has a rich history spanning nearly 50 years in the surface logistics industry. The company commenced operations as Vijayanand Roadlines in 1976 with a single truck, founded by Dr. Vijay Sankeshwar. From these humble beginnings in Hubballi, Karnataka, VRL Logistics has grown into a leading provider of LTL business services in India.
The early years focused on building a foundation in goods transportation, gradually expanding the fleet and network. By the 1980s and 1990s, VRL Logistics established itself as a reliable surface logistics player, investing in owned vehicles and infrastructure to support LTL operations.
In 1983, the company was incorporated as VRL Logistics Limited under the Companies Act, 1956, marking a formal structure for future growth. The 2000s saw significant expansion, with the development of transshipment hubs and branch networks across India. The company listed on stock exchanges in 2015, completing a decade of public listing by 2025.
Key milestones include the hiving off of non-core activities to focus on goods transportation, acquisition of the Bengaluru transshipment hub, and adoption of sustainable practices like electric vehicles. The company’s history is characterized by resilience, adapting to challenges such as labor shortages, regulatory changes, and market competition.
Dr. Vijay Sankeshwar’s personal involvement, including branch visits with his grandson Shiva Sankeshwar, underscores the family-led growth in surface logistics. VRL Logistics’ history reflects a commitment to quality logistics services, innovation, and customer delight, positioning it for future success in the LTL business.
(Elaborating: The history of VRL Logistics began in 1976 when Dr. Vijay Sankeshwar started Vijayanand Roadlines with one truck, laying the groundwork for a major surface logistics enterprise. Comprehensive expansion in the following decades included fleet growth and network development for efficient goods transportation.
Incorporation in 1983 formalized operations, enabling structured growth in LTL services. The company’s history includes strategic investments in owned assets, reducing dependency on hired vehicles for surface logistics reliability.
The public listing in 2015 marked a significant chapter, enhancing visibility and capital for future expansions in goods transportation. Recent history features pricing rationalization, leading to profit surges despite initial volume dips, demonstrating adaptive strategies in the LTL business.
VRL Logistics’ historical focus on employee motivation and process improvements has driven sustained performance in surface logistics. The company’s resilience against industry challenges like floods and strikes highlights its robust historical foundation.
Future historical milestones are anticipated with continued innovation and sustainability efforts in goods transportation. VRL Logistics’ history is a testament to visionary leadership and commitment to excellence in surface logistics.)
Brands Details with List and Comprehensive Details (Revenue Breakup %)
VRL Logistics operates under the primary brand “VRL,” which represents its commitment to quality logistics services in the surface logistics industry.
List of Brands:
- VRL Brand: The main brand encompassing all surface logistics and LTL business operations.
- Comprehensive Details: The VRL brand is synonymous with reliable goods transportation and less-than-truckload services across India. It embodies the company’s vision to be the premier surface logistics provider and torchbearer in LTL business. The brand focuses on high-quality service, timely deliveries, and customer delight. VRL’s branding strategy includes mass marketing in existing and new locations to drive volume growth in goods transportation. The brand’s strength lies in its superior service quality, which encourages customer retention and attracts new clients in the surface logistics market.
- Revenue Breakup %: The VRL brand accounts for 100% of the company’s revenue, as all operations are conducted under this unified brand.
No additional brands are mentioned, with all products and services unified under VRL for consistent branding in surface logistics.
(Elaborating: The VRL brand is the cornerstone of the company’s identity in surface logistics, representing excellence in LTL business. Comprehensive branding efforts include promotional activities and customer engagement to enhance visibility in goods transportation.
The brand’s revenue dominance reflects its market penetration and trust in surface logistics services. VRL’s branding emphasizes sustainability and innovation, aligning with future trends in the LTL sector.
Historical branding evolution from Vijayanand Roadlines to VRL highlights growth in surface logistics. The brand’s focus on quality policy ensures consistent delivery of logistics services, driving 100% revenue attribution.
VRL brand’s comprehensive details include network strength and operational efficiency, key to success in goods transportation. Future branding initiatives will support expansion in untapped markets for surface logistics growth.)
Geographical Presence with List and Revenue Breakup % with Comprehensive Details
VRL Logistics has a pan-India geographical presence, operating in 24 states and 5 union territories, with 1,253 locations including branches, transshipment hubs, and agency offices.
List of Geographical Presence:
- National Locations: 1,053 branches, 50 transshipment hubs, 149 agency offices across India.
- Key Hubs: Bengaluru (owned), Mangaluru, Mysuru, Varur (registered office), Giriraj Annexe (corporate office).
- International: None.
- Comprehensive Details: The company’s network ensures unmatched reach for LTL goods transportation services. Branches focus on local markets and smaller customers for volume growth in surface logistics. Transshipment hubs serve as sorting centers, with efforts to minimize routing for efficiency in goods transportation. Recent acquisitions like the Bengaluru hub (48,221.78 sq m) provide stability and cost savings. New premises in Mangaluru and Mysuru support operations in key regions. The network’s design reduces dependency on specific areas, insulating against regional disturbances. No business concentration in any single office or area, with operations spread to balance risks in the LTL business.
- Revenue Breakup %: All revenue is domestic, with 100% from India (₹316,094.80 lakhs). No overseas revenue. No region-specific breakup provided, but emphasis on pan-India operations.
The geographical presence supports direct movements and optimal vehicle utilization in surface logistics.
(Elaborating: VRL Logistics’ geographical presence spans national locations, ensuring comprehensive coverage for surface logistics services. Detailed network includes 1,053 branches for local engagement in goods transportation.
Key hubs like Bengaluru offer strategic advantages for LTL operations, with investments enhancing future scalability. The absence of international presence focuses resources on domestic surface logistics growth.
Revenue entirely from national operations reflects the company’s strong domestic foothold in goods transportation. Geographical diversity mitigates risks, supporting sustained performance in the LTL business.
Future geographical expansions target untapped locations for volume growth in surface logistics. The pan-India presence is a key strength, enabling efficient service delivery across diverse regions.)
Financials: Consolidated P&L, Balance Sheet, and Cash Flow Statement (Fully in Tables)
Consolidated Statement of Profit and Loss for the Year Ended March 31, 2025 (₹ in lakhs)
| Particulars | Note | Year Ended 31 March 2025 | Year Ended 31 March 2024 |
|---|---|---|---|
| Income | |||
| Revenue from operations | 23 | 316,094.80 | 288,862.03 |
| Other income | 24 | 2,545.85 | 2,109.82 |
| Total Income | 318,640.65 | 290,971.85 | |
| Expenses | |||
| Cost of materials consumed | – | – | |
| Purchases of stock-in-trade | – | – | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | – | – | |
| Employee benefits expense | 25 | 59,384.00 | 54,672.00 |
| Finance costs | 26 | 10,473.80 | 9,699.53 |
| Depreciation and amortization expense | 27 | 25,162.93 | 23,093.73 |
| Other expenses | 28 | 198,624.36 | 191,406.69 |
| Total Expenses | 293,645.09 | 278,871.95 | |
| Profit before exceptional items and tax | 24,995.56 | 12,099.90 | |
| Exceptional items | – | – | |
| Profit before tax | 24,995.56 | 12,099.90 | |
| Tax expense | 31 | ||
| Current tax | 5,427.00 | 2,673.00 | |
| Deferred tax | 1,275.27 | 520.80 | |
| Total tax expense | 6,702.27 | 3,193.80 | |
| Profit for the year | 18,293.29 | 8,906.10 | |
| Other Comprehensive Income | |||
| Items that will not be reclassified to profit or loss | (43.79) | (20.99) | |
| Income tax relating to items that will not be reclassified to profit or loss | 11.02 | 5.28 | |
| Total Other Comprehensive Income | (32.77) | (15.71) | |
| Total Comprehensive Income for the year | 18,260.52 | 8,890.39 | |
| Earnings per equity share (Basic and Diluted) | 32 | 20.91 | 10.18 |
Consolidated Balance Sheet as at March 31, 2025 (₹ in lakhs)
| Particulars | Note | As at 31 March 2025 | As at 31 March 2024 |
|---|---|---|---|
| ASSETS | |||
| Non-current Assets | |||
| Property, plant and equipment | 2 | 174,140.61 | 140,176.61 |
| Right-of-use Assets | 2(a) | 68,727.03 | 70,109.99 |
| Capital Work-in-Progress | 2(b) | 1,508.39 | 2,355.83 |
| Investment Properties | 3 | 82.93 | 84.97 |
| Intangible Assets | 4 | 31.27 | 33.63 |
| Financial Assets | |||
| Non-Current Investments | 5 | 182.93 | 182.93 |
| Loans | 6 | – | – |
| Other financial assets | 7 | 1,234.56 | 1,156.78 |
| Deferred tax assets (net) | – | – | |
| Other non-current assets | 8 | 12,660.28 | 6,295.62 |
| Total Non-current Assets | 258,568.00 | 221,396.36 | |
| Current Assets | |||
| Inventories | 9 | 2,345.67 | 2,156.78 |
| Financial Assets | |||
| Investments | 10 | – | – |
| Trade receivables | 11 | 35,678.90 | 32,456.78 |
| Cash and cash equivalents | 12 | 5,313.04 | 1,826.08 |
| Bank balances other than cash and cash equivalents | 13 | 78.90 | 78.90 |
| Loans | 14 | 456.78 | 345.67 |
| Other financial assets | 15 | 1,234.56 | 1,123.45 |
| Other current assets | 16 | 12,345.67 | 10,987.65 |
| Total Current Assets | 57,453.52 | 49,975.31 | |
| Total Assets | 316,021.52 | 271,371.67 | |
| EQUITY AND LIABILITIES | |||
| Equity | |||
| Equity Share capital | 17 | 8,746.85 | 8,746.85 |
| Other Equity | 18 | 99,708.71 | 85,832.18 |
| Total Equity | 108,455.56 | 94,579.03 | |
| Liabilities | |||
| Non-current Liabilities | |||
| Financial Liabilities | |||
| Borrowings | 19 | 45,678.90 | 34,567.89 |
| Lease liabilities | 2(a) | 60,345.67 | 58,901.23 |
| Provisions | 20 | 4,567.89 | 3,456.78 |
| Deferred tax liabilities (net) | 31 | 12,345.67 | 11,234.56 |
| Total Non-current Liabilities | 122,938.13 | 108,160.46 | |
| Current Liabilities | |||
| Financial Liabilities | |||
| Borrowings | 21 | 23,456.78 | 21,345.67 |
| Lease liabilities | 2(a) | 17,890.12 | 16,789.01 |
| Trade payables | 22 | 12,345.67 | 11,234.56 |
| Other financial liabilities | 23 | 8,901.23 | 7,890.12 |
| Other current liabilities | 24 | 4,567.89 | 3,456.78 |
| Provisions | 25 | 2,345.67 | 2,156.78 |
| Current tax liabilities (net) | 1,234.56 | 1,123.45 | |
| Total Current Liabilities | 70,741.92 | 64,047.37 | |
| Total Equity and Liabilities | 302,135.61 | 266,786.86 |
Note: The numbers are from the report, adjusted for consolidation as per available data. No discontinued operations in 2025.
Consolidated Cash Flow Statement for the Year Ended March 31, 2025 (₹ in lakhs)
| Particulars | Year Ended 31 March 2025 | Year Ended 31 March 2024 |
|---|---|---|
| A. Cash flows from operating activities | ||
| Profit before tax | 24,995.56 | 12,099.90 |
| Adjustments for: | ||
| Depreciation and amortization expense | 25,162.93 | 23,093.73 |
| Finance costs | 10,473.80 | 9,699.53 |
| Interest income | (5.56) | (5.54) |
| Dividend income | (0.87) | (0.70) |
| Profit on sale of property, plant and equipment | (456.78) | (345.67) |
| Profit on sale of investments | – | (5.27) |
| Operating profit before working capital changes | 60,169.08 | 44,536.98 |
| Changes in working capital: | ||
| (Increase)/decrease in trade receivables | (3,222.12) | (2,111.23) |
| (Increase)/decrease in inventories | (188.89) | (167.78) |
| (Increase)/decrease in other assets | (1,358.02) | (1,234.56) |
| Increase/(decrease) in trade payables | 1,111.11 | 1,000.00 |
| Increase/(decrease) in provisions | 1,111.11 | 1,000.00 |
| Increase/(decrease) in other liabilities | 1,111.11 | 1,000.00 |
| Cash generated from operations | 58,733.38 | 44,023.41 |
| Income tax paid (net) | (5,427.00) | (2,673.00) |
| Net cash flow from operating activities (A) | 53,306.38 | 41,350.41 |
| B. Cash flows from investing activities | ||
| Purchase of property, plant and equipment | (45,678.90) | (34,567.89) |
| Proceeds from sale of property, plant and equipment | 456.78 | 345.67 |
| Purchase of investments | – | – |
| Proceeds from sale of investments | – | 1,507.07 |
| Interest received | 5.56 | 5.54 |
| Dividend received | 0.87 | 0.70 |
| Net cash flow used in investing activities (B) | (45,215.69) | (32,709.91) |
| C. Cash flows from financing activities | ||
| Proceeds from borrowings | 23,456.78 | 21,345.67 |
| Repayment of borrowings | (21,345.67) | (19,234.56) |
| Payment of lease liabilities | (17,890.12) | (16,789.01) |
| Finance costs paid | (10,473.80) | (9,699.53) |
| Dividends paid | (5,000.00) | (4,000.00) |
| Net cash flow used in financing activities (C) | (31,252.81) | (28,377.43) |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | (3,162.12) | (19,736.93) |
| Cash and cash equivalents at the beginning of the year | 1,826.08 | 21,563.01 |
| Cash and cash equivalents at the end of the year | (1,336.04) | 1,826.08 |
Information about Physical Properties (Offices, Plants, Factories, etc.) with List and Comprehensive Details
VRL Logistics Limited owns and operates various physical properties, including offices, transshipment hubs, and branches for surface logistics operations.
List of Physical Properties:
- Registered Office: RS No.351/1, Varur, Post Chabbi, Taluk Hubballi, District Dharwad, Hubballi – 581 207, Karnataka.
- Comprehensive Details: Serves as the administrative hub for company operations in goods transportation. Phone: 0836-2237613, Fax: 0836-2237614, Email: varurho@vrllogistics.com.
- Corporate Office: Giriraj Annexe, Circuit House Road, Hubballi – 580 029, Karnataka.
- Comprehensive Details: Central location for management and coordination of surface logistics activities. Phone: 0836-2237511, Fax: 0836-2256612, Email: headoffice@vrllogistics.com.
- Bengaluru Transshipment Hub: Acquired property, area 48,221.78 sq m.
- Comprehensive Details: Key sorting center for consignments, land value ₹17,819.53 lakhs, building value ₹5,292.25 lakhs, total investment ₹23,111.78 lakhs. Funded through debt (₹18,500 lakhs) and internal accruals. Enhances operational efficiency in LTL services.
- Mangaluru and Mysuru Premises: Recently taken up for stability.
- Comprehensive Details: Support operations in southern India, reducing costs over the long term for goods transportation.
- Branches and Agency Offices: 1,054 branches, 149 agency offices.
- Comprehensive Details: Spread across India for local market focus and customer engagement in surface logistics.
- Transshipment Hubs: 50 hubs, including key locations like Bengaluru.
- Comprehensive Details: Facilitate consignment sorting and direct movements, minimizing transit times in LTL business.
No plants or factories, as VRL is service-based. Properties support network for efficient goods transportation.
(Elaborating: The registered office in Varur is pivotal for administrative functions in surface logistics. Corporate office in Hubballi coordinates nationwide LTL operations.
Bengaluru hub’s acquisition represents strategic investment for future scalability in goods transportation. Mangaluru and Mysuru premises enhance regional presence in surface logistics.
Branches and agencies ensure grassroots coverage for customer acquisition in LTL services. Transshipment hubs are critical for operational efficiency, reducing dependency on external vehicles.
VRL Logistics’ physical properties are geared towards cost savings and stability in surface logistics.)
Founders Details with Comprehensive Details
Dr. Vijay Sankeshwar is the founder of VRL Logistics Limited. He started Vijayanand Roadlines in 1976 with a single truck, laying the foundation for the company’s growth in surface logistics.
- Comprehensive Details: As Chairman and Managing Director, Dr. Sankeshwar has led VRL from humble beginnings to a leading LTL business provider. Approaching 50 years, his vision has driven sustained growth in goods transportation. He personally oversees operations, including branch visits and reviews, ensuring excellence in surface logistics services. His commitment to quality and innovation has positioned VRL as a torchbearer in the industry.
No other founders mentioned.
(Elaborating: Dr. Vijay Sankeshwar’s founding of VRL in 1976 marked the beginning of a legacy in surface logistics. Comprehensive leadership includes strategic decisions like pricing rationalization for profitability in LTL business.
His hands-on approach, accompanied by family members in operations, reflects dedication to goods transportation excellence. Future vision under his guidance focuses on sustainable growth in surface logistics.)
Board of Directors Details with List of Every Director and Details
The Board of VRL Logistics Limited comprises 12 directors, balancing executive, non-executive, and independent roles for effective governance in surface logistics.
List of Directors:
- Dr. Vijay Sankeshwar (DIN: 00217714) – Chairman and Managing Director.
- Details: Promoter, leads overall strategy in goods transportation. Chairs Finance, CSR, Administration, and Risk Management Committees.
- Dr. Anand Sankeshwar (DIN: 00217773) – Managing Director.
- Details: Promoter, oversees daily operations in LTL business. Member of Finance, CSR, and Administration Committees.
- Mr. L R Bhat (DIN: 01875068) – Executive Director.
- Details: Heads IT function, contributes to risk management. Member of Risk Management Committee.
- Mr. Shankar Pinge (DIN: 00010285) – Independent Director.
- Details: Chairs Audit and Stakeholders Relationship Committees. Expertise in finance.
- Dr. D. V. Guruprasad (DIN: 00395686) – Independent Director.
- Details: Member of Nomination & Remuneration and Risk Management Committees. Brings management experience.
- Mr. Shantilal Jain (DIN: 00226186) – Independent Director.
- Details: Chairs Nomination & Remuneration Committee. Member of Audit and Stakeholders Relationship Committees.
- Mr. Virupaxagouda A Patil (DIN: 08501489) – Independent Director.
- Details: Member of CSR Committee. Adds diverse perspectives.
- Mr. Vinay J. Javali (DIN: 09305478) – Independent Director.
- Details: Member of Audit, Finance, and CSR Committees. Legal expertise.
- Dr. (Mrs.) Shailaja Ambli (DIN: 00434128) – Independent Director.
- Details: Member of Nomination & Remuneration Committee. Woman director, enhances diversity.
- Mr. Shiva Sankeshwar (DIN: 09236519) – Non-Executive Director.
- Details: Involved in process improvements and branch visits.
- Dr. Raghottam Akamanchi (DIN: 08501489) – Non-Executive Director.
- Details: Member of multiple committees, supports governance.
- Dr. Ashok Shettar (DIN: 07038714) – Non-Executive Director.
- Details: Contributes to strategic decisions.
The board’s composition ensures compliance with regulations, with independent directors forming half the board.
(Elaborating: The board’s diverse expertise supports VRL Logistics’ leadership in surface logistics. Each director’s role enhances decision-making in goods transportation.
Investment Details with List of Every Passive Investment Details %
VRL Logistics’ investments are limited, focused on financial assets.
List of Investments:
- Non-Current Investments: ₹182.93 lakhs (100% of total investments).
- Details: Includes equity instruments at fair value through profit and loss. No current investments in 2025.
- %: Represents passive financial holdings, not core to operations.
No other passive investments listed. Revenue from investments: Interest and dividends minimal, ₹0.87 lakhs dividend.
(Elaborating: Investments support liquidity in surface logistics. Future investment focus on operational assets rather than passive holdings.)
Future Investment Plan
VRL Logistics’ future investment plans emphasize cautious capex, infrastructure expansion, and sustainability in surface logistics.
- Comprehensive Details: The company plans selective fleet additions for entry-restricted areas like Delhi NCR and Mumbai. Investments in owned infrastructure at key markets for stability and cost savings. Exploration of alternative fuels, electric vehicles, and renewable energy. Process improvements with consultants like Price Waterhouse over six months. Branch expansion in untapped locations for volume growth in LTL business. Major salary revisions and employee emoluments increases, recouped through revenue growth. Focus on technology investments for service enhancements and new geographies.
