Stock Picks: Snowman Logistics

Snowman Logistics Ltd (SLL) is one of the largest players in the organised temperature controlled logistics business in India. It offers high quality cold chain storage, distribution and value-added services. The company has 30 warehouses across 15 locations including Mumbai, Chennai, Bengaluru and Kolkata. SLL has a total warehouse capacity of 98,500 pallets (1 pallet = 1 tonne).

Clients:
– Snowman’s top clients include HUL, Baskin Robins, Ferroro Rocher, McCain, Mother Dairy, Pizza Hut, ITC, Ranbaxy and GSK
– Top 25 clients account for ~40% of its total revenues

Management:
– Mr. Prem Kishan Gupta, Chairman of SLL, has over 25 years of experience in the logistics industry
– Mr. Prem holds a bachelor’s degree from Delhi University
– Mr. Ishaan Gupta, CEO of SLL, has been deeply involved in all three verticals of GDL since 2010
– Mr. Ishaan holds a bachelor’s degree from Boston University
– Dr. Pradeep Dubey, COO and MD of SLL, has over 12 years of experience in the logistics industry
– Dr. Pradeep holds a doctorate degree from Birla Institute of Technology & Science
– Able and good management

Investors:
– GDL holds 40% of the company
– Mitsubishi holds 11.5% of the company
– International Finance Corporation (IFC) holds close to 6.9% of the company
– Norwest Venture Partners hold around 9.4% of the company

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