Skyways Air Services Ltd
Skyways Air Services is a logistics and freight forwarding company with over four decades of experience, offering air and ocean freight, warehousing, customs broking, and technology-driven supply chain solutions. It has been ranked India's No. 1 Air Freight Forwarder by AWBs generated for four consecutive years.
Overview
About the Company
Incorporated in December 1984, Skyways Air Services Limited is a well-established logistics and freight forwarding company with over four decades of experience in India's air freight forwarding and logistics sector. The company provides comprehensive logistics solutions including air and ocean freight forwarding, trucking, warehousing, customs broking, technology-driven express cargo and parcel delivery, and other value-added services. It has evolved from a Custom House Agent into a multi-modal logistics service provider offering end-to-end supply chain solutions across domestic and international markets. The company holds a strong market position with consistent ranking as No. 1 Air Freight Forwarder in terms of AWBs generated by World ACD for the last four calendar years from 2022 to 2025. Its operations are supported by strategic alliances with leading international airlines and memberships in global logistics networks. The company has developed proprietary technology platforms including SLS HIKE, SLS 100X, Cargo Dash, and Skart-Edge to support freight booking, shipment tracking, and workflow automation.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Repayment/pre-payment of outstanding borrowings availed by Company and Subsidiary Forin Container Line Pvt.Ltd. - ₹216.79 Cr
- › Funding incremental working capital requirements - ₹130.00 Cr
- › General Corporate Purposes - ₹52.01 Cr
✅ Strengths
- ✓ Over four decades of experience in freight forwarding and logistics
- ✓ Ranked No. 1 Air Freight Forwarder by AWBs generated for four consecutive years per World ACD
- ✓ Comprehensive range of air, ocean, road, warehousing and customs logistics solutions
- ✓ Strong international network through airline partnerships and global logistics affiliations
- ✓ Technology-enabled logistics operations with proprietary platforms
- ✓ Long-standing relationships with diverse customer base
- ✓ Experienced promoters and management team
- ✓ Integrated logistics infrastructure providing end-to-end supply chain solutions
⚠️ Risks
- ! Heavy reliance on third-party carriers exposes business to service disruptions and cost volatility
- ! High revenue concentration from few key customers; loss could negatively impact financials
- ! Profitability highly sensitive to fluctuations in freight rates and variable operational costs
- ! Subject to complex and evolving logistics laws with risk of significant penalties for non-compliance
- ! Faces intense competition from domestic and global players impacting market share and pricing