Transworld unit impresses with results

Shreyas Shipping & Logistics, part of Dubai headquartered global conglomerate Transworld Group, posted impressive results for last year.

For the financial year ended 31st March, 2015, Shreyas posted a consolidated turnover of Rs.5.45.billion as against Rs.4.87 billion for the year ended 31st March, last year. Profit After Tax was recorded at Rs.617.5 million, compared to a loss of Rs.43.2 million last year. This is the company’s best ever performance till date, the company said in a release.

Shreyas attributes the spectacular performance to the consistent and strategic decisions taken by the company. “This performance is not an overnight miracle but a planned strategy which has brought to bear this day for the company. Shreyas shall continue with its quest to innovate ideas for developing coastal shipping in India,” S. Ramakrishnan, Chairman & Managing Director commented.

Ramakrishnan attributed the the success of the company to excellent support from its wholly owned subsidiary Shreyas Relay Systems Limited (SRS) on the domestic trade as well as regional trade. Increase of tonnage and extension of service to cover the complete Indian coastal regional areas has strengthened the company’s position.

SRS is actively looking at strengthening the land based logistics on all India basis and adding liquid and other commodities.

Shreyas presently owns six vessels, which are deployed on the Indian coast,. Additionally the company covers ports like Jebel Ali, Karachi.and aspires to start calling Chittagong in the near future.