Afcom Holdings Ltd Share Price

History of Afcom Holdings Ltd

Afcom Holdings Limited (AFCOM) was originally incorporated as Afcom Holdings Private Limited' with the Registrar of Companies, Tamil Nadu pursuant to Certificate of Incorporation dated 15th February, 2013. The name of the Company was then changed to Afcom Holdings Limited', and a fresh Certificate of Incorporation was issued by ROC, Chennai on 11th July, 2023. AFCOM is a leading integrated air cargo solutions provider with a focus on the Southeast Asian countries to move the cargo faster and smarter. With operations spanning multiple geographies across this region, AFCOM plays a critical role in facilitating regional trade flows, particularly between India, Southeast Asia, and the Maldives. The Company's business model combines infrastructure presence at strategic airports with strong ...carrier relationships, enabling it to handle large cargo volumes efficiently and competitively. Apart from this, Company offers a range of cargo solutions and products, including General Cargo, Flying Fresh, Flying Pharma, Flying Priority, Fly Courier, Project Cargo, Dangerous Goods, and High-Value Cargo. Its services extend across various ASEAN countries, reflecting the company's commitment to growth, safety, and service excellence. The Company's current fleet comprises two Boeing 737-800 BCF aircraft, which are equipped to handle cargo efficiently and on time. The Company was started in 2013 by Capt. Deepak Parasuraman, an aviation industry veteran to start cargo airline business. Since then, it has been operating Cargo Flights to the ASEAN countries, like Singapore, Indonesia and Brunei, particularly to Singapore. The Company got into an agreement dated 24th September, 2021 with the Air Logistics Group(a part of World Freight Company), which is a global leader in the cargo sales and service business. The Air Logistics Group represents Company as its General Sales & Service Agent (GSSA) in Far Eastern countries. It also entered into an agreement dated 13th October, 2022 with Taylor Logistics Private Limited, which is a part of the TTK Group as GSSA in India. They provided supply chain solutions to a diverse base of customers. Active Customers such as e-commerce marketplaces, direct-to-consumer retailers and enterprises and SMEs across several verticals such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing, through various Freight Forwarders for the period ended February 29, 2024. Shipping by air is a fast and efficient means of transporting goods. Air Cargo handling equipment takes centre stage when it comes to swiftly moving goods across the globe. As the backbone of the Air Cargo Industry, these tools are used for loading, unloading, sorting, and transporting cargo. The Company therefore operate in the Air Cargo industry, where the success of operations relies on the prompt and effective delivery of goods. The Company launched the Initial Public Offering of 68,36,400 Equity Shares having the face value of Rs 10 each by raising funds aggregating to Rs 73.83 Crore via fresh issue in August, 2024. The Company provided supply chain solutions to a diverse base of customers. Active Customers such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing, through various Freight Forwarders for the period ended February 29, 2024. In FY 2025, Company launched new routes to Bangkok, Colombo, Maldives, Yangon and Hanoi. It commenced domestic charter operations for shrimp, mobile phones, and e-commerce cargo. It launched transshipment hubs in Bangkok, Hanoi, and Maldives, completed Indian Customs Registration for cargo movements, entered interline agreements with Etihad Airways, Turkish Airlines, and VietJet. It commenced the operations from Kempegowda International Airport, Bengaluru, connecting South India. It obtained memberships with IATA, ICH, and SIS. AFCOM has established as the largest handler of transshipment cargo into Maldives' Velana International Airport through better network coverage.