About Sitics
Sitics is a company based in Palakkad (India) founded in 2007 by Haridas T and A M Sikander. Sitics has raised $410.8 thousand across 1 funding round from investors including Bluewater Business Associates, Anvar P and Raju Kiran. The company has 2,649 employees as of April 30, 2025. Sitics has completed 2 acquisitions, including QBit SCM and Udgam Logistics. Sitics operates in a competitive market with competitors including ATSG, Hanjin Kal, Kuayue Express, Air T and Exolum, among others.
- Headquarter Palakkad, India
- Employees 2649 as on 30 Apr, 2025
- Founders Haridas T, A M Sikander
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
$34.04 M (USD)31as on Mar 31, 2024
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Net Profit
$65.36 K (USD)134as on Mar 31, 2024
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EBITDA
$949.29 K (USD)128as on Mar 31, 2024
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Total Equity Funding
$410.8 K (USD)
in 1 rounds
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Latest Funding Round
$410.8 K (USD), Seed
Sep 03, 2021
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Investors
Bluewater Business Associates
& 4 more
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Employee Count
2649
as on Apr 30, 2025
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Investments & Acquisitions
QBit SCM
& 1 more
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People of Sitics
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Funding Insights of Sitics
Sitics has successfully raised a total of $410.8K through 1 strategic funding round. The most recent funding activity was a Seed round of $410.8 thousand completed in September 2021. 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.
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 |
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Multiple sectors are targeted for private equity investments.
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AP
Anvar P |
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RK
Raju Kiran |
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Investor details 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.
Investment portfolio details for Sitics
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of logistics, supply chain, and transportation services
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AI and cloud-based solutions for transportation management are provided.
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Complete acquisition details for Sitics
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - Sitics
Detailed financials for Sitics
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Sitics Comparisons
Peer comparison for Sitics
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Competitors of Sitics
Sitics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ATSG, Hanjin Kal, Kuayue Express, Air T and Exolum, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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A leading provider of aircraft leasing and air cargo transportation.
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Aviation services for passenger and freight transport are provided.
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Air freight services are provided by Kuayue Express from Shenzhen.
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Air cargo transportation and aviation support services are provided.
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Freight forwarding and logistics services are provided internationally.
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Transportation and logistics services are provided by Gadfin in Israel.
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Detailed competitors of Sitics
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Latest news on Sitics
Complete news archive for Sitics
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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 current CEO of Sitics. They have also founded this company.
Sitics is a funded company, having raised a total of $410.8K across 1 funding round to date.
As of Apr 30, 2025, the latest employee count at Sitics is 2,649.
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 ATSG, Hanjin Kal and DJ Mediaprint & Logistics.
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.