October 22, 2014 7:20 PM ET

Road and Rail

Company Overview of VRL Logistics Ltd

Company Overview

VRL Logistics Ltd provides goods and passenger transportation service by road in India. It offers full truck load, less than full truck load, and express cargo services. The company’s passenger transportation business operates in the states of Karnataka, Maharashtra, and Goa. As of September 30, 2010, it owned and operated a fleet of 2,829 vehicles, including 256 tourist buses and 2,573 goods transport vehicles. The company also provides courier services, such as time-certain deliveries of documents and packages; and ground transport of hand-deliveries in India, as well as international delivery service by routing consignments through other service providers. Further, the company offers air ...

Giriraj Annexe

Circuit House Road

Hubli,  580029


Founded in 1976

11,685 Employees


91 83 6223 7511


91 83 6225 6612

Key Executives for VRL Logistics Ltd

Age: 63
Managing Director
Age: 39
Age: 35
Chief Financial Officer
Age: 37
Chief Operating Officer
Age: 60
Compensation as of Fiscal Year 2014.

VRL Logistics Ltd Key Developments

VRL Logistics Ltd Presents at HSBC India Discovery Forum - Singapore, Aug-22-2014

VRL Logistics Ltd Presents at HSBC India Discovery Forum - Singapore, Aug-22-2014 . Venue: Singapore.

VRL Logistics Ltd Presents at HSBC India Discovery Forum - Hong Kong, Aug-21-2014

VRL Logistics Ltd Presents at HSBC India Discovery Forum - Hong Kong, Aug-21-2014 . Venue: Mandarin Oriental, Hong Kong.

Ushdev Close To Acquire Wind Power Asset

Ushdev International Limited (BSE:511736) said it is close to finalize acquisition of wind power assets. Managing Director and Group Chief Financial Officer Ashwin Rathi said that Ushdev is currently doing due diligence for 20 MW of assets of Gupta Coal India Limited. It is also looking at some assets of VRL Logistics Ltd. In addition, the company is in talks with two other listed companies that have put wind power assets on sale. One of them is a 90 MW wind farm, and the other 87 MW. Rathi did not disclose the names of the companies that own these wind assets. Rathi said a private equity fund had expressed interest in investing INR 40 million (initially). He did not wish to reveal the fund’s name as the shareholders’ agreement is yet to be signed. The promoters will also bring in equity and, therefore, the equity portion of funding for the acquisitions would not be a problem. As regards debt, Rathi said the selling companies were putting their wind assets on the block mainly because of pressure from their banks to divest their non-core businesses.

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