Skyways Air Services IPO

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To be announced
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About Skyways Air Services

Skyways Air Services Limited (SASL) is an air freight forwarding and logistics company established in 1984, providing comprehensive logistics solutions including air freight forwarding, ocean freight, trucking, warehousing, and custom broking services. The company operates through 15 branch offices across India and maintains strategic partnerships with major global airlines including Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa.
With over four decades of experience, SASL has expanded internationally through 27 subsidiary companies across key markets including Germany, Hong Kong, Dubai, Vietnam, UK, USA, and Canada. The company leverages advanced technology platforms including SLS HIKE for logistics management and SLS 100X booking engine, developed by its technology subsidiary sGate Tech Solutions.
SASL holds ISO 9001:2015, ISO 14001:2015, and OHSAS 45001:2018 certifications and maintains memberships in multiple international logistics networks including World Cargo Alliance and Global Freight Alliance.

Financials of Skyways Air Services

Strengths

  • The company is led by seasoned promoters with 20+ years in the logistics industry.
  • Diverse, end-to-end logistics services with ISO-certified operational excellence.
  • The company’s global logistics networks enable scalable, cost-effective reach across trade lanes.
  • Diversified customer base across sectors, drives volume-led cost efficiencies.
  • Integrated tech platform boosts efficiency, tracking, analytics, and decision-making.
  • The company has a long-standing client relationships built on trust and performance.

Risks

  • The Company’s high reliance on third-party carriers may disrupt operations and margins.
  • High reliance on top 10 suppliers (47% of cost) may disrupt operations.
  • Loss-making subsidiaries may weigh on consolidated profitability and cash flows.
  • High reliance on trade volumes and freight rates impacts revenue stability.
  • High reliance on borrowings for working capital may strain finances.
  • High reliance on skilled workforce; shortages may disrupt operations, inflate costs.
  • Inability to meet tonnage targets may impact incentives, profitability, relations.

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