About Spear Logistics
Spear Logistics is a Transportation, Automotive & Logistics company based in Pune (India) founded in 2001, and was acquired by FM Logistic in March 2016. Provider of contract logistics and road freight forwarding services. Spear Logistics has raised $7.57 million across 3 funding rounds from investors including FM Logistic and Ambit Pragma Advisors. The company has 2,402 employees. Its Indian entity Spear Logistics Private Limited reported revenue of ₹117 Cr. Its focus areas include Transportation and Logistics, Freight Forwarders and Road. Its competitors include Pristine Logistics & InfraProjects, Inlogistics and Frontline Corporation; 2 of its 3 listed competitors have raised funding.
Company details
Spear Logistics was founded in 2001 and is headquartered in Pune, India. Operations are focused on the logistics sector, where contract logistics services are managed alongside road freight forwarding. These activities support supply chain needs for various clients. The company operates primarily within India, handling transportation and warehousing requirements through established networks. Domain access is available via spearlog.com for further details.
- Headquarters Pune, India
- Employees 2,402
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website spearlog.com
- Social LinkedIn X
- Acquired by FM Logistic (Mar 2016)
- Legal Name Spear Logistics Private Limited
- Date of Incorporation 27 Mar, 2003
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹117 Cr
FY 2017 · -8% YoY
- Net Profit₹1.38 Cr
FY 2017 · 1% margin
- EBITDA₹10.00 Cr
FY 2017 · 8% margin
- Total Equity Funding$7.57M (USD)
in 3 rounds
- Latest Funding Round$1.29M (USD), Private Equity Round
Jun 2012
- InvestorsFM Logistic
& 1 more
- Employee Count2,402
- Acquired byFM Logistic
(Mar 2016)
Associated legal entities of Spear Logistics
Spear Logistics is associated with 2 registered companies on The Company Check; the primary company is Spear Logistics Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spear Logistics Private Limited CIN U60231PN2003PTC017826 | Amalgamated | 27 Mar 2003 | Pune, Maharashtra | ₹117 Cr | 2,406 | 5 | View details |
| Fm India Supply Chain Private Limited CIN U74900PN2015PTC178447 | Active | 26 Nov 2015 | Pune, Maharashtra | ₹499 Cr | 2,402 | 5 | View details |
Funding Insights of Spear Logistics
Spear Logistics has successfully raised a total of $7.57M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round of $1.29 million completed in June 2012. 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 $7.57M
- Total Rounds 3
- Last Round Private Equity Round — $1.29M
- First Round $4.58M
(Jun 2011)
- Investors Count 1
All 3 funding rounds of Spear Logistics 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 |
|---|---|---|---|---|---|
| Jun 2012 | $1.29M | Private Equity Round | – | – | |
| Mar 2012 | $1.7M | Private Equity Round | – | – | |
| Jun 2011 | $4.58M | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Spear Logistics
Spear Logistics has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include FM Logistic and Ambit Pragma Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Mid-market private equity and venture capital investments are managed. | ambitpragma.com | Mumbai, India | ||
Transportation and logistics services are provided worldwide by FM Logistic. | 1967 | fmlogistic.com |
Investor details for Spear Logistics
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Board of directors of Spear Logistics Private Limited (Spear Logistics)
Spear Logistics Private Limited is the primary company behind Spear Logistics. The boards of the 2 registered companies of Spear Logistics currently have 7 directors; the longest-serving is Uday Balwant Palsule, appointed in 2008. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Uday Balwant Palsule DIN 00408054 | Person Incharge | 28 Dec 2008 | 17 yrs 10 mo | Spear Logistics Private Limited |
| Stephane Descarpentries DIN 07409540 | Director | 17 Mar 2016 | 10 yrs 7 mo | Spear Logistics Private Limited |
| Jean Christophe Machet DIN 07461207 | Director | 21 Jul 2016 | 10 yrs 3 mo | Fm India Supply Chain Private Limited, Spear Logistics Private Limited |
| Ramesh Kalpathy Vaidyanathan DIN 00141652 | Director | 21 Mar 2017 | 9 yrs 7 mo | Spear Logistics Private Limited |
| Gautam Chander Dembla DIN 00426567 | Director | 16 Mar 2023 | 3 yrs 7 mo | Fm India Supply Chain Private Limited, Spear Logistics Private Limited |
| Ajit Sadashiv Jangle DIN 08889459 | Managing Director | 29 Sep 2023 | 3 yrs 1 mo | Fm India Supply Chain Private Limited |
| Sebastien Maquet DIN 07911294 | Director | 29 Jan 2025 | 1 yr 9 mo | Fm India Supply Chain Private Limited |
Financials of Spear Logistics
Figures of Spear Logistics Private Limited, the primary company behind Spear Logistics, for FY 2017. Revenue was ₹117 Cr (-8% year on year). Net profit was ₹1.38 Cr (1% margin). EBITDA was ₹10.00 Cr (8% margin).
- ₹117 CrRevenue · FY 2017 · -8% YoY
- ₹1.38 CrNet profit · 1% margin
- ₹10.00 CrEBITDA · 8% margin
- ₹1.48 CrPaid-up capital
- 2,406Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Spear Logistics Private Limited are on its company page.
Detailed financial statements for Spear Logistics
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Spear Logistics
4 dated milestones of Spear Logistics across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Spear Logistics is founded.
- Funding First funding round of $4.6M.
- Funding Latest funding round, Private Equity Round, of $1.3M.
- Exit Acquired by FM Logistic.
Competitors of Spear Logistics
Spear Logistics has 3 listed competitors in our database, 2 of them funded. They include Pristine Logistics & InfraProjects, Inlogistics and Frontline Corporation.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pristinelogistics.com | 2009 | Delhi, India | $94.5M | 151 | Road transportation and freight forwarding services are provided. | |
| inlogistics.in | 2006 | Delhi, India | $40.55M | 32 | Full truckload transportation services are provided across India. | |
| frontlinecorporation.org | 1989 | Ahmedabad, India | 65 | Provider of integrated logistics and trucking services |
Detailed competitors of Spear Logistics
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Web traffic of Spear Logistics
The website of Spear Logistics (spearlog.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 22.2% vs previous month
Top companies in Freight Forwarders
3 companies that operate in the same segment as Spear Logistics (Freight Forwarders) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multimodal logistics and supply chain solutions are provided comprehensively. | 1958 | Gurugram, Haryana, India | USD 524.07 M | 13,460 | ||
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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Related news about Spear Logistics
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Frequently Asked Questions about Spear Logistics
Spear Logistics was founded in 2001 and raised its 1st funding round 10 years after it was founded.
Spear Logistics is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Spear Logistics is a funded company, having raised a total of $7.57M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $4.58M, raised on Jun 2011.
Spear Logistics has 2,402 employees.
The primary company behind Spear Logistics, Spear Logistics Private Limited, reported revenue of ₹117 Cr for FY 2017, down 8% year on year.
Spear Logistics was founded in 2001 and is headquartered in Pune, India. Operations are focused on the logistics sector, where contract logistics services are managed alongside road freight forwarding. These activities support supply chain needs for various clients. The company operates primarily within India, handling transportation and warehousing requirements through established networks. Domain access is available via spearlog.com for further details.
Spear Logistics's top competitors include Pristine Logistics & InfraProjects, Inlogistics and Frontline Corporation.
Spear Logistics has 2 investors. Key investors include FM Logistic, and Ambit Pragma Advisors.
Spear Logistics is associated with 2 legal entities: Spear Logistics Private Limited, Fm India Supply Chain Private Limited.
Yes. Spear Logistics was acquired by FM Logistic in March 2016.
The legal entities of Spear Logistics currently have 8 directors, including Jean Christophe Machet, Bindu Sharma, Gautam Chander Dembla and others.