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Transworld Group (shipping and logistics company)

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Transworld Group
Company typePrivate Limited Company
IndustryLogistics
Founded1977; 47 years ago (1977)
FounderMr. R. Sivaswamy
HeadquartersDubai, United Arab Emirates
Area served
Worldwide
Key people
Ramesh S Ramakrishnan
Geeta Ramakrishnan
Ritesh S Ramakrishnan
Anisha Ramakrishnan
ProductsDelivery, third-party logistics, container shipping and logistics
Revenue$700 million (2015)[1]
Number of employees
1000+
Websitewww.transworld.com

Transworld Group of companies is a shipping agency, headquartered in United Arab Emirates (Dubai), established by R. Sivaswamy in 1977. Transworld offices are spread across the world – United States, Saudi Arabia, Oman, Qatar, Kuwait, Pakistan, Sri Lanka, and 28 cities in India.[2][3]

History

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The company was founded in Mumbai in 1977. The activities of the company include – ship management, shipping agencies, feedering, supply chain Management, NVOCC, freight forwarding, and container and Bulk carriers. It has a fleet of 27 ships that include 15 feeder vessels and 12 container ships.[2][4][5]

Business transformation

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Shri R. Sivaswamy with Transworld Group first vessel the Khaleej Express.

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, Shreyas Relay Systems Ltd. was converted to Avana Coastal and NVOCC division, Balaji Shipping Line FZCO was transformed to Avana Global.[6][7][8]

In association with Birlasoft (KPIT) and Oracle India on the 40th anniversary of the company, Transworld had announced a digital transformation project in the name of Innovation in Motion.[9]

The company bought the vessel 1,608 TEU Mekur Tide and renamed it as OEL Shravan.[10]

Transworld Group acquired MV Suffolk Trader and renamed it MV SSL Krishna on 19 June 2018. It is the 24th addition to the fleet of the group.[11][12]

In 2023 Jebel Ali Free Zone (Jafza) and Transworld Group agreed on the constructiong of a 50,000+ square metre, dry and temperature-controlled distribution centre in the Zone, doubling Transworld's regional capacity.[13] The company entered the air charter business in April 2024 when it partnered with Sirius India Airlines to bring private air travel brand Airavat Aviation to the UAE. [14] The company entered into a ship management joint venture with Hong Kong's Fleet Management in July 2023.[15]

See also

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References

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  1. ^ "Transworld Group – The Asian Entrepreneur". Archived from the original on 19 December 2019. Retrieved 1 October 2018.
  2. ^ a b "To be a global shipping player, India needs infrastructure". www.thehindubusinessline.com. Retrieved 14 November 2018.
  3. ^ "Etihad Rail partners with Transworld Logistics". gulfnews.com. Retrieved 14 November 2018.
  4. ^ "Ramesh Ramakrishnan – Indian Rich List 2011 – ArabianBusiness.com". www.arabianbusiness.com. Retrieved 14 November 2018.
  5. ^ "Transworld invests Dh367m to expand shipping fleet". gulfnews.com. Retrieved 14 November 2018.
  6. ^ Bhattacharya, Jayati (2011). Beyond the Myth: Indian Business Communities in Singapore – Jayati Bhattacharya – Google Books. Institute of Southeast Asian Studies. ISBN 9789814345279. Retrieved 14 November 2018.
  7. ^ "avana logistek limited" (PDF). 15 June 2018. Retrieved 1 October 2018.
  8. ^ "Transworld Group & JAFZA to establish State-of-the-Art logistics Centre". indiashippingnews.com. 25 April 2018.
  9. ^ "KPIT, Oracle India to drive Transworld Group's digital transformation project". www.business-standard.com. Retrieved 14 November 2018.
  10. ^ "Transworld takes on another feeder boxship". 10 May 2018. Retrieved 1 October 2018.
  11. ^ "Shreyas Shipping and Logistics takes delivery of Multipurpose Vessel M.V SSL Krishna". 21 June 2018. Retrieved 1 October 2018.
  12. ^ "Shreyas Shipping takes delivery of multipurpose vessel V SSL Krishna". 27 June 2018. Retrieved 1 October 2018.
  13. ^ "Jafza, Transworld Group sign agreement to open 5,000sqm logistics centre". gulfnews.com. 2023-12-20. Retrieved 2024-10-07.
  14. ^ "Former SpiceJet COO launches aircraft charter company, ties up with Transworld Group". Money Control. April 2024. Retrieved 7 October 2024.
  15. ^ Hand, Marcus (17 July 2023). "Transworld and Fleet in ship management joint venture". Seatrade. Retrieved 7 October 2023.
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