Arvind and Company Shipping Agencies was originally incorporated as ‘Arvind and Company Shipping Agencies Private Limited’ as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 01, 1987, issued by the Registrar of Companies, Gujarat. Subsequently the company was converted from a private limited company to public limited company by resolution passed in the Extra-Ordinary General Meeting of the company dated March 27, 2023 and consequently, the name of the Company was changed to ‘Arvind and Company Shipping Agencies Limited’ and a fresh certificate of incorporation dated April 10, 2023 was issued to the Company by the Registrar of Companies, Ahmedabad.
The company has been engaged in the business of Shipping and Forwarding agents. Its revenue from operations consisted of commission income charged from the clients. The company acquired ‘Hotel Millennium Plaza’ in FY 1997 which was fetching rental income to the company till FY 2021. The company is primarily engaged in chartering business. Chartering activities of the company mainly include chartering of Barge for commercial purposes. The company understands the unique needs of businesses involved in cargo transportation. The comprehensive barge chartering services encompass a range of options tailored to meet specific requirements of the customers. Under this segment its end users are construction companies who often require barges to transport heavy equipment, construction materials, or personnel to and from construction sites located near bodies of water. Barges can be used to transport materials such as sand, gravel, cement, steel, or machinery to support construction projects.
Barges are flat-bottomed boats that are primarily used for Port construction, maintenance, dredging, transporting goods, placements of Cranes and Backhoes and materials handling on inland waterways, rivers, and canals, as well as in coastal areas. They work by being towed by tugboats or pushed by push boats, which provide the propulsion needed to move the barge through the water. Barges are designed to be flat and wide to maximize their cargo capacity, and their flat bottoms allow them to operate in shallow waterways and navigate under low bridges. They come in different sizes and configurations, with some being equipped with ramps or cranes to facilitate loading and unloading of cargo. Once loaded with cargo, the barge is towed or pushed by a tugboat or push boat to its destination.
Business area of the company
The company is mainly engaged in hiring of ships, barges, launches, Boats, docks, propelled vehicles, water- vessels and transport machines & providing hotel services & services of renting of immovable properties.
History and milestones
- 1987-88: The Company incorporated as ‘Arvind and Company Shipping Agencies Private Limited’.
- 1996-97: The Company acquired ‘Hotel Millenium Plaza’.
- 2020-21: Company purchased barge ‘Arcadia Sumeru’.
- 2021-22: Company purchased barges ‘KB-26” and “KB-32’.
- 2022-23: Company purchased barges ‘KB-28” and “Arcadia Minica’.