VRL LOGISTICS Share price

Dr. Vijay Sankeshwar one of the Promoters commenced the goods transportation business in the State of Karnataka through a proprietary firm in 1976. The assets and liabilities of the proprietary firm was subsequently acquired by a private limited company under the name ?Vijayanand Roadlines Private Limited? and a certificate of incorporation dated March 31 1983 was issued by the RoC. The Company became a deemed public limited company in 1994 and an endorsement to this effect was made by the RoC on July 1 1994 on its certificate of incorporation. Pursuant to a special resolution passed by the shareholders in the Extraordinary General Meeting held on February 14 1997 the status of the Company was changed from a deemed public limited company to a public limited company. The name of the Company was changed to ?VRL Logistics Limited? to underscore the broad range of services the Company provides and a fresh certificate of incorporation consequent on change of name was issued by the RoC on August 25 2006.Major Events:1976 - The goods transportation business was commenced by Dr. Vijay Sankeshwar the Promoter through a proprietary concern.1983 - The assets and liabilities of the proprietorship firm were purchased by a private limited company by the name of Vijayanand Roadlines Private Limited.1992 - Commencement of the courier service business in the State of Karnataka.1996 - Commencement of the passenger transportation service business.2003 - Vijayanand Printers Limited became a wholly owned subsidiary of the Company.2003 - The Company was listed in the Limca Book of Records as the ?Single largest fleet owner of commercial vehicles in the private sector in India?.2004 - The Company acquired Vijayanand Travels a proprietorship concern to take over its passenger transportation business.2004 - The Company commenced commercial operations out of owned infrastructure facilities at Varur Hubballi2005 - The Company was certified ISO 9001:2000 for its passengers travel service at Hubballi Bangalore and Belgaum.2006 - The Company was certified ISO 9001:2000 for providing logistics services for transportation of cargo express cargo and courier services.2006 - The equity and preference shareholding in Vijayanand Printers Limited was divested in full to Times Group.2006 - The Company commenced its wind power business and installed 34 wind turbine generators with a capacity of 1.25 MW each.2007 - The Company purchased a Premier 1A aircraft from Hawker Beechcraft Incorporation USA to commence its air charter business.2009 - The Company was awarded the ?Best Logistics Service Provider? in the FMCG and retail sectors by Frost & Sullivan.2010 - The wind power project was registered as Clean Development Mechanism (CDM) project with the United Nations Framework Convention on Climate Change (UNFCCC).2011 - Foray into car carrying and liquid transportation2012 - Investment in the Company by NSR by subscription to Preference Shares.2012 - Turnover of the Company crosses Rs. 10000 million2013 - Purchase of second hand aircraft from M/s Force Motors Limited to add to the air charter fleet2014 - Turnover of the Company crosses Rs. 15000 million