Spear Logistics

Pune, India Founded: 2001 • Age: 25 yrs Acquired By FM Logistic
Provider of contract logistics and road freight forwarding services

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 β‚Ή117 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
  • Sectors
    Transportation, Automotive & Logistics
  • Email
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  • Phone
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  • 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
Key Metrics
  • 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

  • Investors
  • Employee Count
    2,402
  • Acquired by
    FM Logistic

    (Mar 2016)

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 β€” $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.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2012$1.29MPrivate Equity Round––
Mar 2012$1.7MPrivate Equity Round––
Jun 2011$4.58MPrivate Equity Round––
Valuation history

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.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Mid-market private equity and venture capital investments are managed.
ambitpragma.comMumbai, India
Transportation and logistics services are provided worldwide by FM Logistic.
1967fmlogistic.com
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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.

DirectorDesignationAppointedTenureEntity
Uday Balwant Palsule
DIN 00408054
Person Incharge28 Dec 200817 yrs 10 moSpear Logistics Private Limited
Stephane Descarpentries
DIN 07409540
Director17 Mar 201610 yrs 7 moSpear Logistics Private Limited
Jean Christophe Machet
DIN 07461207
Director21 Jul 201610 yrs 3 moFm India Supply Chain Private Limited, Spear Logistics Private Limited
Ramesh Kalpathy Vaidyanathan
DIN 00141652
Director21 Mar 20179 yrs 7 moSpear Logistics Private Limited
Gautam Chander Dembla
DIN 00426567
Director16 Mar 20233 yrs 7 moFm India Supply Chain Private Limited, Spear Logistics Private Limited
Ajit Sadashiv Jangle
DIN 08889459
Managing Director29 Sep 20233 yrs 1 moFm India Supply Chain Private Limited
Sebastien Maquet
DIN 07911294
Director29 Jan 20251 yr 9 moFm 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.

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Detailed financial statements for Spear Logistics

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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.

  1. Founded Spear Logistics is founded.
  2. Funding First funding round of $4.6M.
  3. Funding Latest funding round, Private Equity Round, of $1.3M.
  4. 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 NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
pristinelogistics.com2009Delhi, India$94.5M151
Road transportation and freight forwarding services are provided.
inlogistics.in2006Delhi, India$40.55M32
Full truckload transportation services are provided across India.
frontlinecorporation.org1989Ahmedabad, India65
Provider of integrated logistics and trucking services
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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 visits
    1.8K

    ▲ 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.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Multimodal logistics and supply chain solutions are provided comprehensively.
1958Gurugram, Haryana, IndiaUSD 524.07 M13,460
Integrated supply chain and mobility solutions are provided globally.
2009Mumbai, Maharashtra, IndiaUSD 33.05 MUSD 745.97 M4,100
Multi-modal freight transportation, warehousing, and logistics services are provided globally.
1993Mumbai, Maharashtra, IndiaUSD 18 MUSD 219.35 M557
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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 β‚Ή117 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.

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