About Adani Logistics Services Limited
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Adani Logistics Services Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Logistics Limited. It operates in the rail freight logistics and services segment of the transport and logistics sector. It was incorporated on 06 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U60210GJ2006PLC118174. Its GSTIN is 24AABCI5215M1ZN (Gujarat). The company holds 11 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹185 Cr and a paid-up capital of ₹183.01 Cr. It was formerly known as Innovative B2B Logistics Solutions Private Limited and Innovative B2B Logistics Solutions Ltd. It is led by directors including Jagdishkumar Nanji Patel (Managing Director) and Maitri Kirankumar Mehta.
Its last annual general meeting (AGM) was held on 22 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹319.81 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹31.42 Cr (net margin 9.8%) and EBITDA of ₹63.82 Cr (EBITDA margin 20%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 10% over five years.
The company has about 31 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹510.48 Cr on record. Court records list 14 cases involving the company, including 12 filed by the company and 2 filed against it; 3 cases are pending. The company has 7 deals on record (4 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹41.29 Cr; the latest was in March 2019. Its 7 peer companies in the Transport and Logistics industry (Rail Freight Services), with the same principal business activity (land transport via railways & pipelines) are compared by revenue, 4 larger and 3 smaller; the largest is DP World Rail Logistics Private Limited with revenue of ₹1,196.61 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 9 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
Company details
Name history
Adani Logistics Services has undergone 3 name changes throughout its history. The company was previously known as Innovative B2b Logistics Solutions Private Limited, Innovative B2b Logistics Solutions Ltd, and Innovative B2b Logistics Solutions Pvt Ltd. The current legal name is Adani Logistics Services Limited.
| Company Name | Status |
|---|---|
| Adani Logistics Services Limited | Current |
| Innovative B2b Logistics Solutions Private Limited | Previous |
| Innovative B2b Logistics Solutions Ltd | Previous |
| Innovative B2b Logistics Solutions Pvt Ltd | Previous |
CIN history
Adani Logistics Services has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U60210GJ2006PLC118174, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60210GJ2006PLC118174 | Current |
| U60210GJ2006PTC118174 | Previous |
| U60210DL2006PLC182784 | Previous |
| U60210DL2006PTC182784 | Previous |
| U60210WB2006PLC109790 | Previous |
Contact details
Adani Logistics Services Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryTransport and Logistics, Rail Freight Logistics & Services
To see the full contact details of Adani Logistics Services Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Adani Logistics Services is transport and storage. In detail, this covers land transport via railways & pipelines.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H2 | Land transport via Railways & Pipelines |
To see the full business activity and turnover split of Adani Logistics Services Limited, buy the company report.
Financials of Adani Logistics Services Limited
FY 2026 filings availableAdani Logistics Services Limited reported revenue of ₹319.81 Cr (down 14% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 21% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Total Expenses | |||||
| EBITDA | ₹63.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.42 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20% | ||||
| Net Profit Margin | 9.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Adani Logistics Services Limited, buy the company report.
Board of directors of Adani Logistics Services Limited
Adani Logistics Services has 4 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maitri Kirankumar Mehta Also directs: Aksharchem (India ) Limited, Maiz Citchem Limited, Adani Transmission Bikaner Sikar Limited and 3 more | Director | 05 Sep 2019 | 7 Years 1 Months | Current |
| Jay Himatlal Shah Also directs: Ocean Sparkle Limited, Alipurduar Transmission Limited, Amaya Exim Private Limited and 3 more | Director | 23 Mar 2021 | 5 Years 7 Months | Current |
| Pankaj Kumar Bhardwaj Also directs: Madurai Infrastructure Limited, Blue Star Realtors Limited, Sulochana Pedestal Limited and 5 more | Director | 15 Nov 2024 | 1 Years 11 Months | Current |
| Jagdishkumar Nanji Patel Also directs: Adani Warehousing Limited, Ayn Logistics Infra Private Limited, Krishnapatnam Railway Company Limited and 4 more | Managing Director | 27 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Adani Logistics Services Limited is compared with the 7 companies closest to it by revenue in the Transport and Logistics industry (Rail Freight Services), with the same principal business activity (land transport via railways & pipelines), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DP World Rail Logistics Private Limited | ₹1,196.61 Cr (FY 2025) | 59.0% | Gurgaon, Haryana, India | |||
| Pristine Mega Logistics Park Private Limited | ₹1,027.85 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Adani Tracks Management Services Limited | ₹910.06 Cr (FY 2025) | 55.0% | Ahmedabad, Gujarat, India | |||
| Container Rail Road Services Private Limited | ₹576.34 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Adani Logistics Services Limitedthis company | ₹319.81 Cr (FY 2026) | ₹31.42 Cr | 9.8% | -14.0% | 31 | Ahmedabad, Gujarat, India |
| Joshi Konoike Transport and Infrastructure Private Limited | ₹296.8 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Noma Infrastructure Private Limited | ₹215.66 Cr (FY 2025) | 60.0% | Mumbai, Maharashtra, India | |||
| India Infrastructure and Logistics Private Limited | ₹157.65 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Adani Logistics Services Limited, buy the company report.
Auditor
Adani Logistics Services Limited is audited by DHARMESH PARIKH & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARMESH PARIKH & CO LLP | FY 2023 | 112054W/W100725 |
Shareholding
The shareholding of Adani Logistics Services Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adani Logistics Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2017 | 100128216 | Others | ₹50 Cr | Satisfied | |
| 11 Apr 2016 | 100021694 | Others | ₹15 Cr | Satisfied | |
| 15 Oct 2015 | 10601107 | Srei Equipment Finance Limited | ₹30 Cr | Satisfied | |
| 09 Sep 2015 | 10594305 | Ambit Finvest Private Limited | ₹20 Cr | Satisfied | |
| 24 Jun 2015 | 10578970 | Hdfc Bank Limited | ₹21 Cr | Satisfied |
To see the full charge records of Adani Logistics Services Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Adani Logistics Services Limited has 7 deals on record (4 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹41.29 Cr; the latest was in March 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Acquisition | Undisclosed | Buyer: Adani Logistics Limited Seller: True North |
| Nov 2009 | Secondary share transfer | Undisclosed | Buyer: Bagadiya Brothers Private Limited , True North, Goldcrest Corporation Limited , an individual Seller: Others-Innovative B2B Logistics Solutions Pvt. Ltd., 3 individuals |
| Mar 2009 | Acquisition | ₹146.96 Cr | Buyer: True North |
| Nov 2008 | Secondary share transfer | Undisclosed | Buyer: Bagadiya Brothers Private Limited , Others-Innovative B2B Logistics Solutions Pvt. Ltd., 2 individuals Seller: S.J. Finestock Private Limited , Jyoti Bright Bar Private Limited , 2 individuals |
| Dec 2007 | Funding round | ₹41.29 Cr | Investors: Others-Innovative B2B Logistics Solutions Pvt. Ltd., Haldyn Glass Limited, Goldcrest Corporation Limited |
To see the full deal history of Adani Logistics Services Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adani Logistics Services Limited has 14 court cases on record: 12 filed by Adani Logistics Services, 2 filed against it. 3 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 1 | 1 |
| District courts | 6 | 1 | 2 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Viswajay Steels Pvt. Ltd. and One and 1 other | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against Viswajay Steels Pvt. Ltd and 1 other | Disposed |
| District court, GANDHINAGAR, Gujarat | Criminal complaint | Filed by the company against Haulstar Logistic Pvt Ltd | Pending |
| High Court, TELANGANA | Appeal | Filed by the company against Union of India | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (CR EN) | Filed by the company against Haulstar Logistic Pvt Ltd | Disposed |
To see the full case history of Adani Logistics Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Adani Logistics Services Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 9 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shree Patni Logistics Private Limited | |||
| Time Track Overseas Private Limited | |||
| Sunrise Freight Forwarders Private Limited | |||
| an individual supplier | |||
| S M Constructions |
To see the full MSME payment records of Adani Logistics Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Adani Logistics Services has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Adani Noble Private Limited | U45201GJ2007PTC118540 | |
| Adani Logistics Infrastructure Private Limited | U70102GJ2015PTC113459 |
To see the full group structure of Adani Logistics Services Limited, buy the company report.
Employees & EPFO
Adani Logistics Services Limited has a workforce of 31 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Adani Logistics Services has 11 GST registrations: 9 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI5215M1ZN | Gujarat | Active | 30 Jun 2017 |
| 03AABCI5215M1ZR | Punjab | Active | 01 Jul 2017 |
| 06AABCI5215M1ZL | Haryana | Active | 01 Jul 2017 |
| 07AABCI5215M2ZI | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adani Logistics Services Limited, buy the company report.
Recent activity
Adani Logistics Services Limited has 33 board changes on record since 2007: 4 appointments and 29 cessations. The latest: Pankaj Kumar Bhardwaj ceased to be Additional Director on 19 Jun 2025.
74 earlier events are in the company report.
News
Frequently asked questions
Adani Logistics Services is an active public limited company based in Ahmedabad, Gujarat, India. The company works in rail freight logistics and services, within the transport and logistics industry. It was incorporated on 06 June 2006 (20+ years old) and is registered under CIN U60210GJ2006PLC118174.
Adani Logistics Services has 4 current directors:
- Jagdishkumar Nanji Patel - Managing Director
- Maitri Kirankumar Mehta - Director
- Jay Himatlal Shah - Director
- Pankaj Kumar Bhardwaj - Director
The latest financial statements of Adani Logistics Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Adani Logistics Services is 24AABCI5215M1ZN, registered in Gujarat. The company has 11 GST registrations in all, of which 9 are active and 2 are cancelled or inactive. Other active GSTINs include 03AABCI5215M1ZR (Punjab), 06AABCI5215M1ZL (Haryana), 07AABCI5215M2ZI (Delhi).
The CIN (Corporate Identification Number) of Adani Logistics Services is U60210GJ2006PLC118174. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Logistics Services has 14 court cases on record: 12 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Adani Logistics Services was incorporated on 06 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adani Logistics Services has 7 deals on record (4 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹41.29 Cr; the latest was in March 2019.
The peers of Adani Logistics Services by revenue are DP World Rail Logistics Private Limited, Pristine Mega Logistics Park Private Limited, Adani Tracks Management Services Limited, Container Rail Road Services Private Limited, Joshi Konoike Transport and Infrastructure Private Limited and 2 more, all in the Transport and Logistics industry (Rail Freight Services), with the same principal business activity (land transport via railways & pipelines).
Pankaj Kumar Bhardwaj ceased to be Additional Director on 19 Jun 2025. Pankaj Kumar Bhardwaj was appointed as Director on 15 Nov 2024. Sushant Kumar Mishra ceased to be Additional Director on 21 Jun 2024. Adani Logistics Services has 33 board changes on record in total.
Adani Logistics Services has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 9 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Oct 2019.
Adani Logistics Services can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
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