Iware Supplychain Services

What Iware Supplychain Services does

iWare Supplychain Services Limited is a pan-India integrated logistics company listed on the NSE SME platform under the ticker IWARE (since May 2025) and operates as part of the Inter India Group. Headquartered in Ahmedabad, Gujarat, the company delivers four core service lines — Warehousing & 3PL, Transportation & Carrying & Forwarding Agent (C&F) services, Rake Handling, and Business Auxiliary Services — plus contract warehousing, distribution, and rental income streams. Operations span 11 warehouses totaling 8,04,466 sq ft across 7 Indian states (Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, Delhi), with monthly throughput exceeding 10,000 trucks, 8,000 SKUs, and 5,00,000 metric tons.

The technology backbone combines SAP/ERP/WMS with app-based real-time tracking for 24x7 cargo visibility and a JIT last-mile express capability for time-sensitive shipments. Rail-side infrastructure is a strategic differentiator: iWare launched dedicated Kandla-Kutch-to-Delhi and Gandhidham-to-Salchapra (Assam) rail corridors, including India's first rail shipment of Bitumen via BCN rake, in collaboration with Central Warehousing Corporation (CWC). Advanced warehouse facilities (e.g., for Shakti Pumps in Nagpur and Balotra) feature automated material handling, 24/7 surveillance, and advanced access control.

Revenue is generated primarily through managed-services contracts (warehousing/3PL, C&F, rake handling), transaction-fee transportation arrangements, and rental income, all delivered via quote-based enterprise B2B contracts. Marquee enterprise clients include AWL Agri Business (Adani Wilmar), Mitsui Chemicals, Emami Agrotech, Dhanuka Agritech, Shakti Pump, Louis Dreyfus, Bunge India, and Philips/Signify. The CWC Strategic Alliance Management Operator (SAMO) appointment at Kandla CFS (February 2026) institutionalizes the government partnership model. Revenue tripled from Rs 86 crore in FY25 to Rs 258 crore in FY26, with H1 FY26 profit up 5x year-over-year; in June 2026 ace investor Vijay Kedia acquired a 6% stake (~Rs 20 crore) via preferential issue at Rs 254.09 per share.

Name

Iware Supplychain Services

Legal name

iWare Supplychain Services Limited

Website

https://iware.co.in

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

iWare Supplychain Services is a pan-India integrated logistics company (NSE SME: IWARE) offering warehousing & 3PL, transportation, C&F, and rake handling services across 7 states to enterprise clients in FMCG, edible oils, agri-input, chemicals, and industrial sectors.

Ownership category

akta.pro rank

Product category

Logistics Services

NAICS

Warehousing and Storage (493), Warehousing and Storage (4931), Material Handling Equipment Manufacturing (33392)

SIC

Public Warehousing & Storage (4220), Wholesale-Machinery, Equipment & Supplies (5080), Industrial Trucks, Tractors, Trailors & Stackers (3537)

akta.pro primary industry

Value-Added Warehousing Services (Kitting, Labeling, Repack, Light Assembly) (TLALAAAL)

akta.pro secondary industries

E-commerce & Omnichannel Fulfillment Centers (Non-Temp Controlled) (TLALAAAC), Foodservice / Restaurant Supply Distribution Centers (TLALAEAJ)

Keywords

• Integrated logistics services
• Warehousing and 3PL
• Transportation and freight
• Rake handling services
• Supply chain management

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Warehousing & 3PL Services: Contract warehousing and third-party logistics (3PL) where iWare manages warehouse operations on behalf of clients; operates 11 warehouses with 8,04,466 sq ft across 7 states. Billed as recurring service contracts.
2. Transportation & C&F Agent Services: Carrying & Forwarding Agent (C&F) operations including receipt of goods from client locations/warehouses/railway sidings, transport, storage, and dispatch; multi-modal road and rail transportation services.
3. Rake Handling Services: End-to-end rake (rail freight) handling covering transportation of goods from company to rake sidings, rail movement, and cargo transfer; includes dedicated cargo rail services (e.g., Kandla-Kutch to Delhi corridor) and India's first rail shipment of bitumen to Salchapra, Silchar.
4. Business Auxiliary Services: Specialized business auxiliary services supporting OEMs (Original Equipment Manufacturers) by outsourcing specific manufacturing processes such as assembly.
5. Rental Income: Rental income from warehouse and related logistics infrastructure leased to clients (referenced in the company description of service offerings).

Go-to-market motion2 records

Core offering

iWare Supplychain Services Limited is a pan-India integrated logistics company providing warehousing and 3PL services, transportation and Carrying & Forwarding Agent (C&F/CFA) services, rake (rail) handling services, and business auxiliary services for OEMs. The company operates 11 warehouses spanning 8,04,466 square feet across 7 Indian states (Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, Delhi), dispatching over 10,000 trucks per month and handling more than 8,000 SKUs and 5,00,000 metric tons per month.

Product overview

iWare Supplychain Services Limited is a pan-India integrated logistics company that delivers a unified platform of four core service lines — Warehousing & 3PL Services, Transportation & Carrying & Forwarding Agent Services, Rake Handling Services, and Business Auxiliary Services — supplemented by Contract Warehousing, Distribution, and dedicated Warehousing sub-services. Together, these offerings form an end-to-end multimodal logistics solution spanning rail, road, in-plant operations, and last-mile delivery across 7 Indian states with 11 warehouses and 8,04,466 sq ft of storage space, dispatching more than 10,000 trucks per month and handling more than 8,000 SKUs and 5,00,000 metric tons per month. The company is part of the Inter India Group, is listed on the NSE SME platform under the ticker IWARE, and operates on SAP/ERP/WMS technology with app-based real-time tracking.

Differentiator

Problem solved

Functional benefit

Products and services

• Warehousing and 3PL Services Third-Party Logistics (3PL) service where iWare manages warehouse operations on behalf of clients across 11 warehouses spanning 8,04,466 square feet in 7 states, enabling streamlined storage and distribution solutions for enterprise clients in FMCG, chemicals, agri-input, edible oils and manufacturing sectors.
• Transportation and Carrying & Forwarding Agent Services Carrying & Forwarding Agent (CFA) service covering receipt of goods from client locations, warehouses, and railway sidings, unloading and inspection, transport to instructed warehouses, storage, and timely dispatch to designated destinations. Multi-modal road and rail transportation services.
• Rake Handling Services End-to-end rake (rail freight) handling covering transportation of goods from company premises to rake sidings, rail movement, and cargo transfer. Includes dedicated cargo rail services such as the Kandla-Kutch to Delhi corridor (Green Channel Rail Cargo Service) and India's first rail shipment of Bitumen from Gandhidham to Salchapra, Silchar using a BCN rake.
• Business Auxiliary Services Specialised service supporting Original Equipment Manufacturers (OEMs) in managing their production and assembly needs efficiently by allowing clients to outsource specific manufacturing processes such as assembly.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Mahindra Logistics: Large, established Indian 3PL and supply-chain arm of the Mahindra Group offering warehousing, transportation, and enterprise supply chain solutions. Overlaps iWare's enterprise 3PL and warehousing offerings at greater scale.
• DHL Supply Chain India: Global 3PL leader with significant India operations providing warehousing, transport, and contract logistics to enterprise clients. Overlaps with iWare's enterprise 3PL motion across FMCG, chemicals, and manufacturing.
• Blue Dart Express: India's leading express logistics and supply-chain solutions provider, part of the DHL Group. Comparable to iWare in pan-India distribution and enterprise logistics, though more skewed to time-definite express.
• Container Corporation of India (CONCOR): PSU-dominated rail container freight and multimodal logistics major in India. Comparable to iWare's rail-led expansion (CWC CFS, rake handling, multimodal Kandla–Delhi/Bitumen rail services) but at vastly larger scale.

Direct peers

• Gati Limited: Indian express distribution and supply-chain solutions provider offering warehousing, 3PL, and multimodal transport. Comparable to iWare in pan-India distribution and enterprise contract logistics.
• Transport Corporation of India (TCI): Listed Indian 3PL and freight company providing warehousing, transportation, and supply chain solutions across FMCG, auto, and industrial segments. Highly comparable to iWare's enterprise-focused C&F/3PL model.
• Allcargo Logistics: Indian listed integrated logistics company offering multimodal transport, warehousing, 3PL, and contract logistics. Directly comparable to iWare across warehousing/3PL and multimodal services, with a broader international footprint.
• Aegis Logistics: Indian logistics company specializing in liquid logistics, LPG, and edible oils handling with port and terminal infrastructure. Closely comparable to iWare's edible oils C&F work with Bunge, LDC, and Emami Agrotech.
• Snowman Logistics: Listed Indian temperature-controlled and warehousing logistics player operating pan-India facilities. Comparable to iWare's contract warehousing model across multiple states and product categories.

Emerging players

• Delhivery: India-listed tech-enabled logistics and supply-chain platform expanding into partial truckload, warehousing, and B2B 3PL. Partial overlap with iWare's road/rail multimodal and 3PL offerings, though Delhivery is more e-commerce-anchored.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/InterIndiaGroup
• Facebookfacebook.com/interindiagroup
• LinkedInlinkedin.com/company/iware-supplychain-services-pvt-ltd
• Instagraminstagram.com/interindia.group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iware Supplychain Services