Gateway Distriparks


Gateway Distriparks Limited, a company based in Mumbai, India, is a logistics company with three verticals: Container Freight Stations, Inland Container Depots with rail movement and Cold Chain Storage & Logistics. The company was founded in April 1994, and originally promoted by Newsprint Trading & Sales Corporation, CWT Distribution Limited, NUR Investment and Trading Pvt. Ltd. and Intercontinental Forest Products Pte. Ltd. as a joint venture company to conduct the business of warehousing, container freight stations and all related activities. As of November 2015, Prism International Private Limited is the sole promoter of the company.

History

YearEvent
1994Gateway Distriparks Limited founded
1998GDL started CFS operations in Nhava Sheva
2001IDFC invested 26 crores into GDL as private equity
2004Temasek Holdings Singapore invested into GDL as private equity
GDL acquired CFS in Chennai and CFS Vizag developed
Acquisition of ICD Garhi Harsaru and development by GatewayRail
2005GDL Listed with National Stock Exchange of India and Bombay Stock Exchange
GDL raised 352.57 crore through the issue of GDR at Luxembourg
2006GatewayRail obtained Category I CTO licence worth 50 crores
GDL acquired majority stake in Snowman Frozen Foods Limited
2007GatewayRail and Container Corporation of India form venture for container terminal
GDL takes over Punjab Conware CFS on 15 year operations & management agreement
2009Temasek sells 5.59% stake for 28 crore
Allcargo Logistics Limited buys 5.97% stake in GDL for 29 crore
GatewayRail starts operations at ICD Sahnewal
2010The Blackstone Group invested 300 crores in GatewayRail
2011GatewayRail develops ICD Faridabad
International Finance Corporation invested 24.89 crores in Snowman
GatewayRail commences double-stack container train operations
2012GDL starts operations at Kochi CFS
The Gateway Group crossed half a million TEUs annual throughput
2013GDL acquires a second CFS in Chennai
Norwest Venture Partners invested 60 crores in Snowman
Snowman announces approval for IPO
Snowman files for IPO
2014GDL acquires 74 lakh equity shares of Snowman for 25.9 crores
ICICI Prudential buys 10 lakh shares of GDL for 22.8 crores
GatewayRail starts rail operations at ICD Faridabad
Snowman files red herring prospectus for an IPO of its equity shares
Snowman IPO opens on 26 August in the range of 44-47
Snowman IPO opens and anchor investors subscribe to 94.5 lakh shares at 47 per share
Snowman IPO oversubscribed 60 times
Snowman listed at 76
GDL share price at an all-time high at 278.90
Snowman gives 100% returns in six sessions
Snowman planning to set up 3 warehouses and increase capacity by 14,500 pallets
2018GDL acquires Blackstone shareholding in Gateway Rail Freight Limited
2019Started Inland Container Depot operations at Viramgam

Core Business

GDL operates three core businesses: Container Freight Stations, Rail-linked Inland Container Depots and Cold Chain Storage & Logistics.

Container Freight Stations (CFS)

GDL operates Container Freight Stations, located at major Indian ports such as Navi Mumbai, Chennai, Visakhapatanam and Kochi. The stations offer container yards, general warehousing, bonded warehousing, empty handling and RFID technologies used for container tracking. GDL also has its own dedicated fleet of over 25 rakes and 265 trailers for first and last mile connectivity.

Rail-linked Inland Container Depots (ICD)

GDL's rail operations are handled by its subsidiary, Gateway Rail Freight Limited. The ICDs are located at Garhi Harsaru, Sahnewal and Faridabad, Haryana. In 2010, Blackstone Group had invested 300 crores in GatewayRail, and then in 2019 GDL bought back the entire shareholding from Blackstone. Company had announced the fifth rail linked container terminal of its subsidiary, Gateway Rail Freight Limited at Viramgam.

Cold Chain Logistics

The cold chain logistics of GDL is run by its subsidiary, Snowman Logistics Limited.