About Sitics
Sitics is a Transportation, Automotive & Logistics company based in Palakkad (India) founded in 2007 by Haridas T and A M Sikander. Sitics has raised $423.2 thousand across 2 funding rounds from investors including Bluewater Business Associates, Anvar P and Raju Kiran. The company has 2,649 employees. Sitics has completed 2 acquisitions, including QBit SCM and Udgam Logistics. Sitics was last valued at $194.42 million in September 2021. Its chief executive, as recorded, is A M Sikander. Its focus areas include Transportation and Logistics, Freight Forwarders, Multi Modal and Warehousing. Its competitors include DJ Mediaprint & Logistics and Blue Dart Aviation.
Company details
Provider of freight forwarder, warehouse management, and logistics services. Also provides transportation, supply chain network design, last-mile delivery, value-added, integrated facility management, staffing solutions, and contract manufacturing services.
- Annual Revenue$34.04 M (USD)31as on Mar 31, 2024
- Net Profit$65.36 K (USD)134as on Mar 31, 2024
- EBITDA$949.29 K (USD)128as on Mar 31, 2024
- Total Equity Funding$423.2K (USD)
in 2 rounds
- Latest Funding Round$12.4K (USD), Angel Round
Aug 2022
- Employee Count2,649
- Investments & AcquisitionsQBit SCM
& 1 more
Associated legal entities of Sitics
Sitics is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sitics Consumer Solutions Private Limited CIN U63030KL2021PTC069191 | Active | 28 May 2021 | Palakkad, Kerala | ₹4.9 Cr | 44 | 3 | View details |
| Sitics Logistic Solutions Private Limited CIN U74910KL2007PTC021514 | Active | 07 Dec 2007 | Palakkad, Kerala | ₹267 Cr | 3,929 | 3 | View details |
Funding Insights of Sitics
Sitics has successfully raised a total of $423.2K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $12.4 thousand completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $423,201
- Total Rounds 2
- Last Round Angel Round — $12,402
- First Round $410,799
(Sep 2021)
- Investors Count 5
All 2 funding rounds of Sitics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2022 | $12,402 | Angel Round | – | – | – |
| Sep 2021 | $410,799 | Seed | $194.42M | Bluewater Associates |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $194.42M | •••••••• |
Last known valuation $194.42M (Sep 2021). 5 investors in total: 1 institutional and 4 angel.
Investors in Sitics
Sitics has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Bluewater Business Associates, Anvar P and Raju Kiran.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are targeted for private equity investments. | bluewaterassociates.tcc.mode | Kochi, India | ||
AP Anvar P | unknown_888c93051f2a47a5b | |||
RK Raju Kiran | unknown_1f24a27212154efe8 | |||
KV K V Abdul Azeez | unknown_2d3e6ed5040e4e369 | |||
RP Rajesh Praburajan | unknown_1f297393dd404026a |
Investor details for Sitics
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Board of directors of Sitics
The boards of the 2 registered companies of Sitics currently have 3 directors; the longest-serving is Chandrasekaran Praneshkumar, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chandrasekaran Praneshkumar DIN 08377538 | Director | 28 May 2021 | 5 yrs 4 mo | Sitics Consumer Solutions Private Limited, Sitics Logistic Solutions Private Limited |
| Haridas Thekkiveettil DIN 01827087 | Director | 28 May 2021 | 5 yrs 4 mo | Sitics Consumer Solutions Private Limited, Sitics Logistic Solutions Private Limited |
| Sikander Mammi Ambattuvalappil DIN 00224029 | Director | 28 May 2021 | 5 yrs 4 mo | Sitics Consumer Solutions Private Limited, Sitics Logistic Solutions Private Limited |
People of Sitics
7 people are tracked at Sitics (4 in leadership, 3 in team); the tracked headcount is 2,649.
| Name | Role | Group |
|---|---|---|
Haridas T | Co-Founder & COO | Leadership |
A M Sikander | Co-Founder & CEO & Managing Director | Leadership |
Sikander A.M | CEO | Leadership |
Dinesh Thonur | Vice President& Business Head Ecommerce | Leadership |
Naushad Alam | Senior Executive | Team |
Bajrang Das | Regional Manager | Team |
Pratibha K. | MIS Executive- Control Tower | Team |
Complete people profiles for Sitics
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Financials of Sitics
Figures of Sitics Consumer Solutions Private Limited, the primary company behind Sitics, for FY 2024. Revenue was ₹4.91 Cr (+2454850% year on year). Net profit was ₹3.3 Lakh (1% margin). EBITDA was ₹16.7 Lakh (3% margin).
- ₹4.91 CrRevenue · FY 2024 · +2454850% YoY
- ₹3.3 LakhNet profit · 1% margin
- ₹16.7 LakhEBITDA · 3% margin
- ₹5 LakhPaid-up capital
- 44Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Sitics Consumer Solutions Private Limited are on its company page.
Detailed financial statements for Sitics
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Investments & Acquisitions by Sitics
Sitics has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include QBit SCM and Udgam Logistics.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of logistics, supply chain, and transportation services | udgam.co | Noida, India | 2016 | Sep 2021 | •••• | |
AI and cloud-based solutions for transportation management are provided. | qbitscm.ai | Mumbai, India | 2015 | May 2021 | •••• |
Complete acquisition details for Sitics
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Timeline of Sitics
6 dated milestones of Sitics across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Sitics is founded.
- Acquisition Acquires QBit SCM.
- Funding First funding round of $411K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Udgam Logistics.
- Funding Latest funding round, Angel Round, of $12K.
Competitors of Sitics
Sitics has 2 listed competitors in our database. They include DJ Mediaprint & Logistics and Blue Dart Aviation.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| djcorp.in | 1999 | Mumbai, India | 140 | Courier, logistics, and printing services are provided. | ||
| bluedartaviation.com | 1996 | Chennai, India | Delivers air freight forwarding services. |
Detailed competitors of Sitics
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Web traffic of Sitics
The website of Sitics (sitics.co) receives about 9.8K visits a month.
- Monthly visits9.8K
▲ 545.6% vs previous month
Top companies in Warehousing
3 companies that operate in the same segment as Sitics (Warehousing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Sustainable supply chain solutions are delivered via asset pooling. | 2013 | Mumbai, Maharashtra, India | USD 214.47 M | USD 30.93 M | 246 | |
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 4,100 | |
Multi-modal freight transportation, warehousing, and logistics services are provided globally. | 1993 | Mumbai, Maharashtra, India | USD 18 M | USD 219.35 M | 557 |
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Frequently Asked Questions about Sitics
Sitics was founded in 2007 and raised its 1st funding round 14 years after it was founded.
Sitics is headquartered in Palakkad, India. It is registered at Palakkad, Kerala, India.
A M Sikander is the CEO of Sitics, as recorded in our data. They have also founded this company.
Sitics is a funded company, having raised a total of $423.2K across 2 funding rounds to date. The company's 1st funding round was a Seed of $410.8K, raised on Sep 2021.
Sitics has 2,649 employees.
Annual revenue of Sitics is $34.04M as on Mar 31, 2024.
Provider of freight forwarder, warehouse management, and logistics services. Also provides transportation, supply chain network design, last-mile delivery, value-added, integrated facility management, staffing solutions, and contract manufacturing services.
Sitics's top competitors include DJ Mediaprint & Logistics and Blue Dart Aviation.
Sitics has made 2 acquisitions, including QBit SCM, and Udgam Logistics.
Sitics has 5 investors. Key investors include Bluewater Business Associates, Anvar P, Raju Kiran, K V Abdul Azeez, and Rajesh Praburajan.
The valuation of Sitics is $194.42M as of Sep 2021.
Sitics is associated with 2 legal entities: Sitics Consumer Solutions Private Limited, Sitics Logistic Solutions Private Limited.