Transworld Group has rebranded Shreyas Relay Systems Ltd and Balaji Shipping Line FZCO, into Avana Logistek Ltd. which takes care of the logistics and supply chain activities of the group. With this, the coastal division, Shreyas Relay Systems Ltd was converted to Avana Coastal and NVOCC division, Balaji Shipping Line FZCO was transformed to Avana Global.
Customer Centrality as its core value and in line with the philosophy of customer first approach, Transworld Group of companies comprising of Avana Logistek Ltd, Shreyas Shipping & Logistics Ltd, Transworld Feeders FZCO, BSL Freight Solutions Pvt Ltd, Transworld Logistics FZE and other Group companies, through this project will leverage technology enabled solutions and customer connect e-platforms to provide real-time information, swift business process and a digital customer interface.
Avana Logistek Ltd, a Mumbai-based logistics company, has filed a draft prospectus with the Securities and Exchange Board of India for an initial public offering. The IPO will comprise a fresh issue of shares for up to Rs 300 crore ($44 million) and an offer for sale of 4.3 million shares by promoter group firm Transworld Holdings Ltd, according to a stock-exchange filing.