IMS CERTIFIED: ISO 9001:2015 | ISO 14001:2015 | ISO 45001:2018
IMS CERTIFIED: ISO 9001:2015 | ISO 14001:2015 | ISO 45001:2018
We are a rail-focused Indian private multimodal logistics platform providing integrated logistics infrastructure and services for containerised and non-containerised cargo. Our operating model is anchored in long-haul rail transportation, complemented by road-based first- and last-mile connectivity. It is supported by a versatile terminal design approach that enables handling of multiple cargo types and facilitates end to end cargo movement across export import (“EXIM”) and domestic corridors.
We were one of the fastest-growing rail-focused multimodal logistics player in India in terms of revenue from operations and EBITDA between Fiscal 2023 and Fiscal 2025, measured by CAGR amongst the key multimodal logistics players during this period
Over the years, we have scaled up our terminal-led network, which has supported in ramping up the cargo volume across our logistics platform. Our terminal footprint has expanded from 8 operational terminals as of April 1, 2023 to 12 operational terminals across key production and consumption clusters. Our containerised cargo volumes increased from 402,049 TEUs in Fiscal 2023 to 506,447 TEUs in Fiscal 2025, while non-containerised cargo volumes increased from 1.92 million metric tonnes (“MT”) in Fiscal 2023 to 2.51 million MT in Fiscal 2025.
We have strategically developed our terminal network by identifying market gaps in underserved and unserved locations with high growth potential. This approach enables us to capture untapped logistics demand within surrounding catchment areas and integrate these markets into our broader rail network. We believe that our early entry into select clusters has also enabled us to establish first-mover advantages, including early customer engagement, cargo aggregation and operational familiarity. These advantages position us to scale efficiently as these markets mature over time.
Our operational terminals comprise 4 (four) logistics parks combining inland container depots (“ICDs”) and rail-linked freight terminals, 5 (five) rail-linked freight terminals (without ICD operations) and 3 (three) container freight stations (“CFSs”), which together act as cargo aggregation and volume generation nodes within our integrated network. In addition, our associate, Pristine Hindustan Infraprojects Private Limited, in which we hold 50% of the paid-up equity share capital, operates a logistics park (combining ICD and rail-linked freight terminals) at Siliguri, West Bengal. We also have three upcoming terminals at Bhurkunda (Jharkhand), Devangonthi near Bengaluru (Karnataka), and Haldia (West Bengal).
Our CTO operations benefit from strong network effects arising from the inter-connection of strategically located terminals. Each terminal serves as a cargo origination and destination point, and as terminals are added across production and consumption clusters, the number of origin–destination (“O-D”) combinations across the network expands, reducing reliance on a limited set of routes or standalone locations. As a result, each additional terminal enhances overall connectivity and allows platform to scale up as an interconnected system rather than a collection of isolated assets. Our CTO operations, by facilitating early container volumes, help newly developed terminals ramp up operations and achieve critical mass, thereby acting as a catalyst for accelerating terminal maturity and market integration.
Our operating footprint spans both Dedicated Freight Corridor (“DFC”) -linked and non-DFC rail corridors. DFC-linked corridors are high-capacity, long-haul freight movement, while non-DFC corridors form part of the wider Indian Railways network used for freight movement across the country. While the Western DFC (“WDFC”) primarily caters to EXIM-led container traffic connecting western ports with key industrial production and consumption centres in North India, logistics requirements that demand rail solutions extend well beyond DFC-linked routes. A significant portion of addressable freight, particularly in regions such as Eastern India, continues to move on the wider Indian Railways network, largely in the form of domestic and non-containerised cargo. Reflecting the broader freight skew prevailing in India towards non-DFC routes, more than 35% of our CTO revenues were derived from the non-DFC corridors during the nine months period ended December 31, 2025 and Fiscals 2025, 2024 and 2023, underscoring our strong presence beyond DFC-centric routes.
In addition to our rail-focused multimodal logistics operations, we have established a strong presence in the mining logistics through our acquisition of Sical Logistics Limited (“Sical Logistics”) on January 11, 2023. Sical Logistics is a listed company with a long operating history and execution capabilities in large-scale open cast mining and overburden removal projects across multiple geographies in India, supported by strong technical and financial pre-qualifications that enable participation in large and complex mining logistics tenders.
We have recently received a letter of acceptance dated January 12, 2026 from South Eastern Coalfields Limited and following that entered into an agreement dated February 27, 2026 for an overburden excavation and removal project at the Porda Chimtapani Opencast Project in Raigarh, Chhattisgarh, with a contract value of ₹ 34,221.88 million (without GST) for a period of 4,214 days, equivalent to approximately 11 years and 7 months (with an operation period of 3,666 days and construction/gestation period of 548 days). The integration of mining logistics into our existing operations diversifies revenue streams and enhances long-term earnings visibility.
The Promoter team of Pristine Logistics
Amit Kumar is a Whole-time Director of our Company. He holds a bachelor’s degree in arts (honours) from Kirorimal College, University of Delhi. He has over 28 years of experience in government, railways and logistics sector, including over 12 years of experience as an entrepreneur. Previously, he was associated with the Indian Railway Traffic Service (“IRTS”). He was deputed to CONCOR in 2002 and served as its chief manager until 2006. Thereafter, he was posted to South East Central Railways on November 6, 2006. He has been a Director on our Board since January 31, 2011.
Rajnish Kumar is a Whole-time Director of our Company. He holds a master’s degree in psychology from the University of Delhi, and was awarded the ‘Shashi Kala Singh Gold Medal’ for being the best candidate in his batch. He has over 28 years of experience with Indian Railways, CONCOR and our Company. He belongs to the 1991 batch of civil servants (IRTS). Subsequently, he served in different capacities with the Indian Railways, and was later deputed to CONCOR, where he headed ICD / TKD, ICD / Dadari and South India (Chennai) operations. He assisted in the rail / ICD business of Gateway Railfreight Private Limited, as a part of the leadership team and as the senior vice president (strategy and business development) fromSeptember 2006 to October 2009. Subsequently, he became the Promoter of our Company. He has experience in logistics industry and multimodal transport. He has been a Director on our Board since October 28, 2009.
Sanjay Mawar is a Whole-time Director of our Company. He holds a bachelor’s degree in arts (honours) from the University of Delhi. He also holds a bachelor’s degree in law from Faculty of Law, University of Delhi. He has over 26 years of experience in law and administration, including over 14 years of experience as an entrepreneur. He has also been a member of the Supreme Court Bar Association since April 19, 2005. He has been a Director on our Board since May 14, 2008.
Satishkumarreddy Mulamreddy is the Chairman and Independent Director of our Company. He holds a bachelor’s degree in engineering from the College of Engineering, Osmania University, Hyderabad. He has over 28 years of experience as a civil servant in the Indian Revenue Service (Customs and Central Excise). He also has experience in performing consultancy assignments. He has been a Director on our Board since June 16, 2021.
Durgesh Govil born on May 5, 1967, aged 54 years, is a citizen of India. He holds a bachelor’s degree in technology from the Indian Institute of Technology, Madras, and was the second rank holder in his batch. He previously worked with the South Eastern Railway, the Rail Vikas Nigam Limited, a Ministry of Railways public sector undertaking, the Indian Railway Services of Engineers, and was involved in the setting up of Gateway Rail Freight Limited. He has been involved in the development of more than 12 rail-linked projects in the private sector in the country, with companies such as Gateway Rail Freight Limited, Kribhco Infrastructure Private Limited, and our Company. He has extensive knowledge and experience in setting up terminal infrastructure, in a cost-effective manner.
An IRSE of 1994 batch from the South Eastern Railways, Durgesh has been exposed to almost every conceivable construction and maintenance activity of the Railways.
Before joining the Railways, he worked for a couple of years in MES (Military Engineering Services). Durgesh resigned from Government of India in 2008.
Post resignation, and before joining Pristine as the fourth promoter, Durgesh worked for two Container Train Operators and was responsible for designing and building a total 7 terminals from 2008 to 2012. On joining Pristine, he has built another 3 terminals and adding the terminals that are in the works at Pristine, he, without a doubt, holds that national record for building rail-linked logistics Parks.
He is a B.E (Civil Engg) from IIT, Madras.
Narayanan Gopalakrishnan is a Non-Executive (Nominee) Director of our Company. He holds a bachelor’s degree in engineering, with a specialisation in production engineering, from Bharathidasan University, Tiruchirappalli. He also holds a post graduate diploma in management from T.A. Pai Management Institute, Manipal, Karnataka. He has over 24 years of experience in management. Prior to being associated with our Company, he had worked at Marico Limited, Standard Chartered Bank, Infrastructure Development Finance Company Limited and IDFC Alternatives Limited. He is currently a partner at Global Infrastructure Partners India Private Limited. He has been a Director on our Board since March 28, 2018
Milind Joshi is currently Partner at Global Infrastructure Partners, India (GIP India) which manages over US$ 1.8 billion across two India focussed Infrastructure Funds. Milind was earlier Partner with Infrastructure asset business at IDFC Alternatives which was acquired by GIP India in July, 2018. He is currently responsible for origination and execution of transactions.
He has over twenty four years of experience across operations and investments, principally in the transportation and energy sector and is on the Board of several Infrastructure companies. Prior to joining IDFC Alternatives, Milind headed the Contracts & Commercial division at GMR Delhi International Airport Limited in India. At GMR Group, he worked with the transport group across different functions including project finance, commercial and contracts. Prior to GMR, Milind worked at Tata Power and Powergen India, where he was involved in several acquisitions and financing initiatives.
Milind started his professional career at ICICI Limited in 1994 where he was a core member of the infrastructure business and managed a portfolio of over fifteen companies in the infrastructure space.
Milind holds a Masters in Business Administration from Indian Institute of Management, Kolkata and a Degree in Electrical Engineering from Indian Institute of Technology, Delhi.
Vivek Prasad is Independent Director of our Company. He holds a master’s degree in international studies from Jawaharlal Nehru University, New Delhi and he also holds master’s degree in political science from Delhi University, New Delhi. He belongs to 1993 Batch of IRS (Customs and IT) and has over three decades of experience in various capacities in the Customs/Central Excise and GST formations, the last one being the Principal Commissioner of GST. Also recognised with Presidential Appreciation and Medal Awardee on Republic Day 2023. He has been a Director on our Board since July 15, 2024.
