VRL Logistics Share Price Live

VRL Logistics Ltd is a nationally renowned logistics and transport company. The company is engaged in the business of providing goods and passenger transportation services. The company offers services for the transportation of goods across India using a range of road transportation solutions to their customers, including less than truck load (LTL), full truck load (FTL) and express cargo services. The company is one of the private bus operators in the State of Karnataka, Maharashtra and Goa and with a fleet of over 256 owned passenger buses. They also operate in three other business segments, namely courier services, wind power generation and the air charter business. The company transports fast moving consumer goods and general commodities, which include, food, textiles, apparel, furniture, appliances, pharmaceutical products, rubber, plastics, metal and metal products, wood, glass, automotive parts and machinery. Their goods transportation network spans across 20 States and 6 Union Territories and covers 534 cities throughout India. In the passenger transportation business, their operations are focused on high density urban commuter markets, such as Bangalore, Mumbai, Pune and Panjim. They also connect metropolitan and tier-2 cities, such as Hubli, Bijapur, Dharwad, Belgaum, Hospet, Mangalore, Bagalkot, Gulbarga, and Bhatkal. They facilitate the booking of tickets for their passengers through a wide network of agents as well as the internet through leading web based travel agents and the online ticket booking facility on their website. The company has an extensive network of operations, with 436 owned branches and 423 franchisees in the goods transportation business and 56 owned branches and 515 franchisees in the passenger transportation business as on September 30, 2010, which enables them to provide connectivity even to certain remote locations. As on September 30, 2010 they had a fleet strength of 2,829 owned vehicles for carrying on the goods and passenger transportation business. VRL Logistics Ltd was incorporated on March 31, 1983 as a private limited company with the name Vijayanand Roadlines Pvt Ltd. Initially, in the year 1976, Vijay Sankeshwar, the promoter, commenced the good transportation business in the State of Karnataka through a proprietary firm. The assets and liabilities of the proprietary firm were subsequently purchased by a private limited company under the name Vijayanand Roadlines Pvt Ltd and thus, the company was formally incorporated. In the year 1992, the company commenced courier services for time sensitive documents and packages in the State of Karnataka. In the year 1994, the company was converted into a deemed public limited company. In the year 1996, they commenced the passenger transportation service business. In the year 1997, the status of the company was changed from deemed public limited company to a public limited company. In the year 2003, Vijayanand Printers Ltd became a wholly owned subsidiary of the company. In the year 2004, the company acquired Vijayanand Travels, a proprietorship concern, to take over their passenger transportation business. Also, they commenced commercial operations out of owned infrastructure facilities at Varur, Hubli. In the year, the company received ISO 9001:2000 certification for their passengers travel service at Hubli, Bangalore and Belgaum. In the year 2006, the company commenced their wind power business and installed 34 wind turbine generators with a capacity of 1.25 MW each. The equity and preference shareholding in Vijayanand Printers Ltd was divested in full to Times Group. Also, the company received ISO 9001:2000 certifications for providing logistics services for transportation of cargo, express cargo and courier services. In the year 2007, the company purchased a Premier 1A aircraft from Hawker Beechcraft Incorporation, USA to commence their air charter business. In the year 2008, they commenced their air charter business for providing services to individuals and corporate passengers. In the year 2009, the company was awarded the 'Best Logistics Service Provider' in the FMCG and retail sectors by Frost & Sullivan. In the year 2010, the company's power project was registered as Clean Development Mechanism (CDM) project with the United Nations Framework Convention on Climate Change (UNFCCC). The company intends to prioritize their growth in high density metropolitan and tier-2 cities in growing commuter regions of India by providing high quality, locally focused passenger transportation services and operating their buses in a safe and responsible manner.