Mr. Pranav Kumar Sonthalia, aged 29 years, is the Promoter and Managing Director of the Company. He is also the founder of the Company. He has been appointed as Director of the Company since incorporation and as Managing Director from April 22, 2024. He has completed B.com from University of Calcutta, and he also has a postgraduate degree in Family Managed Business from SPJIMR, Bharatiya Vidya Bhawan. He has experience of almost 9 years in the logistics and transportation industry. He is the guiding force behind all the strategic decisions of the Company, and he is also involved in planning and implementing budgets, strategic initiatives and employee training programs. Ms. Shradha Kumari, aged 23 years, is the promoter and Executive Director of the Company. She has been appointed as Executive Director on May 25, 2024. She completed her Bachelors in retail management from St. Xavier’s College, Ranchi in the year 2023. She has an experience of almost 5 years in the logistics industry. She is looking after the overall management and operational efficiency of the Company. Ms. Minal Sonthalia, aged 27 years, is the promoter and Non-Executive Non-Independent Director of the Company. She has been appointed as Non-Executive Director of the Company on January 8, 2024. She completed her Bachelor of Education from Singhania University in the year 2020 and her Master of Commerce from IGNOU in the year 2021. She has an experience of almost 3 years in the logistics industry. Her role involves analysis of industry trends and assisting the board in making equitable decisions.

 

Particulars	FY24	FY23	FY22
Revenue from operations	66.84	60.5	33.5
Other income	0.8615	0.3792	0
Total Income (I+II)	67.70	60.91	33.61
Employee benefit expense	12.08	8.10	4
Other expenses	46.27	49.35	28.23
EBITDA	9.34	3.45	0.98
OPM	13.80%	5.67%	2.90%
Depreciation and Amortization expense	2.061	1.2866	0
Financial costs	1.71	0.81	0
PAT	4.0656	0.9323	0.3154
NPM	6.01%	1.53%	0.94%

 

Review and Recommendation of Pranik Logistics is 3/10 Pranik Logistics operates in the logistics sector with a fleet of 86 trucks—comprising both Tata ACEs and mid-sized Tata trailers. In addition, they have 30 leased warehouses. Their business model involves picking up goods from clients, temporarily storing them at one of their warehouses, and then providing last-mile delivery to the customer. Pranik Logistics has shown no growth from FY23 to FY24 due to the highly competitive nature of the logistics market. Key players like Delivery (already listed), Ecom Express (set to go public), and BlackBuck (backed by Flipkart) dominate the space with heavy investments in technology. The major challenge for Pranik Logistics is their lack of an in-house tech solution. They currently rely on client software to manage their fleet, warehouses, and last-mile deliveries, which puts them at a disadvantage. In today’s logistics landscape, technology is the game-changer, enabling companies to scale and optimize operations efficiently. Pranik Logistics is planning an IPO to raise funds primarily for building an ERP system to manage their operations. However, the absence of an in-house tech infrastructure, especially in fleet management and warehouse operations, makes it difficult for them to scale effectively. The fact that they are only now considering investing in tech after years in the business raises concerns about their ability to compete in a tech-driven market. Without robust technology in place, scaling after listing will be difficult, making Pranik Logistics a company to be cautious about until they fully integrate tech solutions. This lack of tech is a critical reason to be wary of their growth prospects in such a competitive industry.

Pranik Logistics Limited P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata - 700091 Phone: +91 7667852418 Email: ayon@pranikgroup.com Website: https://pranikgroup.com/