New Delhi: Pristine Logistics & Infraprojects Limited has taken a significant step toward entering the public markets by confidentially filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) under the regulator’s pre-filing route.
The confidential filing marks the beginning of the company’s proposed Initial Public Offering (IPO), allowing it to initiate regulatory review while keeping key offer details private until a later stage.
The development comes as India’s logistics and infrastructure sector continues to benefit from rising investments in multimodal transport, dedicated freight corridors, railway modernization, and increasing demand for efficient cargo movement.
Pristine Logistics Builds a Strong Rail-Focused Logistics Platform
Established in 2008, Pristine Logistics & Infraprojects has evolved into one of India’s leading rail-focused multimodal logistics companies.
The company provides integrated logistics solutions for both containerised and non-containerised cargo, combining long-distance rail transportation with first-mile and last-mile road connectivity.
Its logistics network serves both domestic and export-import (EXIM) cargo through strategically located inland logistics terminals across India.
The integrated operating model enables customers to move freight more efficiently while reducing logistics costs and transit times.
Experienced Leadership Driving Growth
Pristine Logistics is promoted by Amit Kumar, Durgesh Govil, Rajnish Kumar, and Sanjay Mawar, who collectively bring decades of expertise across:
- Indian Railways
- Container Corporation of India (CONCOR)
- Rail infrastructure development
- Multimodal logistics
- Legal and infrastructure advisory
Their combined experience has played a key role in building the company’s nationwide logistics platform.
Strong Financial and Operational Growth
Over the last three financial years, Pristine Logistics has emerged as one of India’s fastest-growing rail-focused multimodal logistics companies based on revenue growth and EBITDA CAGR among its industry peers.
Between FY2023 and FY2025, the company significantly expanded its operations.
Operational Highlights
- Terminal network expanded from 8 to 12 operational terminals
- Container cargo volumes increased from 402,049 TEUs to 506,447 TEUs
- Non-containerised cargo volumes grew from 1.92 million metric tonnes to 2.51 million metric tonnes
The growth reflects increasing customer demand across industrial, manufacturing, mining and export sectors.
Diversified Logistics Services
Pristine Logistics offers a comprehensive portfolio of logistics solutions, including:
- Domestic container logistics
- EXIM container transportation
- Rail freight services
- Bulk rail transportation
- Third-party logistics (3PL)
- Warehousing
- Container maintenance and repair
- Mining logistics
The company further strengthened its presence in mining logistics following the acquisition of Sical Logistics Limited.
Large Fleet and Warehousing Network
As of December 31, 2025, Pristine Logistics operated:
- More than 5,000 domestic rail containers
- Around 455 specialised 40-foot dwarf containers designed for lightweight cargo transportation
The company also manages approximately 1.20 million square feet of warehousing space across India.
Its warehousing portfolio includes:
- Dedicated warehouses
- Multi-client logistics facilities
- Dry warehouses
- Temperature-controlled storage facilities
These assets enable the company to provide integrated supply chain and third-party logistics services to customers across multiple industries.
Expansion Plans Across India
Pristine Logistics is continuing to expand its national logistics infrastructure with three major upcoming projects.
Bhurkunda Terminal (Jharkhand)
The upcoming terminal will handle:
- Containerised freight
- Coal
- Iron ore
- Bulk commodities
Haldia Terminal (West Bengal)
The Haldia project represents the company’s entry into port-based liquid logistics infrastructure, supporting transportation of:
- Edible oils
- Industrial chemicals
- Other liquid cargo
Bengaluru Inland Container Depot
Spread across nearly 67 acres, the Bengaluru facility is being developed as a rail-linked Inland Container Depot (ICD) strategically located near key industrial and warehousing clusters.
The project is expected to strengthen cargo movement across southern India.
₹3,422 Crore Coal Mining Contract Adds Long-Term Visibility
In another major milestone, Pristine Logistics recently secured a long-term overburden excavation and removal contract from South Eastern Coalfields Limited (SECL).
The contract is valued at approximately ₹3,422 crore (excluding GST) and provides long-term revenue visibility for the company.
The project also diversifies Pristine’s revenue base beyond traditional logistics services into large-scale mining infrastructure operations.
India’s Logistics Sector Continues to Expand
The timing of Pristine Logistics’ IPO plans coincides with strong growth across India’s logistics and transportation sector.
Government initiatives such as:
- PM Gati Shakti
- Dedicated Freight Corridors
- National Logistics Policy
- Railway infrastructure modernisation
- Multimodal connectivity projects
are accelerating demand for integrated rail logistics solutions.
Rail-based transportation is increasingly becoming a preferred mode for long-distance cargo movement because it offers lower transportation costs, higher fuel efficiency and reduced carbon emissions compared to road transport.
Outlook
Pristine Logistics’ confidential DRHP filing represents another important IPO candidate from India’s rapidly growing logistics sector.
With expanding terminal infrastructure, a diversified logistics portfolio, growing container volumes, large warehousing capacity and a multi-billion-rupee mining contract, the company is positioning itself to benefit from India’s long-term infrastructure and freight transportation growth.
Further details regarding the IPO, including issue size, pricing and timeline, are expected to be disclosed after SEBI completes its review of the confidential filing.
Source: Financial Express; Company Public Notice
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.