According to documents filed with the Ministry of Corporate Affairs (MCA), supply chain solutions provider Leap India is prepared to become a publicly traded business. The company has given its consent to be converted from a “private company limited by shares” to a “public company limited by shares” in accordance with LEAP India’s MCA filings. As a result, the company’s name has been changed from Leap India Private Limited to Leap India Limited, and the word “Private” has been removed.
Independent Director Appointments Signal Corporate Maturity
Additionally, the startup has nominated Sanjiv Gupta and Harinarayan Nair as two independent directors for a five-year term. Notably, news of LEAP India’s 2022 IPO revealed that the business was raising close to INR 1,000 Cr through the sale of shares. But in 2023, the international investment giant KKR bought the bulk of LEAP India.
In order to raise INR 535 Cr in a fundraising round headed by private equity giant KKR through its subsidiary Vertical Holding, LEAP India subsequently filed with MCA in December 2024. The round was also anticipated to include participation from Madhurima International, FirstBridge India, and Sixth Sense Ventures, among others.
LEAP India’s Strategic Acquisition of CHEP India
For an undisclosed sum, LEAP India purchased CHEP India earlier this year in order to increase its reach and fortify its supply chain presence in the nation. CHEP India assists companies with supply chain optimisation and the reduction of throwaway packaging. According to VCCircle in January, the company acquired ownership of CHEP India’s warehouses, clientele, and staff as part of the agreement.
Supply Chain Sector in India Sees IPO Boom
Established in 2013 by Sunu Mathew, LEAP India offers a broad range of supply chain solutions to a diverse clientele from various industries, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance. The supply chain and logistics industry in India is flourishing due to rapid commerce, e-commerce, and technology improvements.
The supply chain industry is changing along with other industries thanks to robotics, blockchain technology, and artificial intelligence (AI). Shiprocket, an IPO-bound logistics platform, introduced Shunya.ai earlier this year. It is an agentic AI stack designed to enable D2C and micro, small, and medium-sized businesses (MSMEs) by enabling multilingual commerce.
The logistics titan filed the DRHP through a private process and is considering an INR 2,500 Cr IPO. In preparation for its first public offering (IPO), Shiprocket also became a publicly traded business in January. Most recently, as it prepares for an IPO, the board of Bengaluru-based fintech KreditBee allegedly approved the company’s conversion to a public business.
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