Snowman

What Snowman does

Snowman Logistics Limited is a publicly listed Indian temperature-controlled logistics company headquartered in Bangalore and operating as a subsidiary of Gateway Distriparks Limited (GDL). Founded in 1996 and traded on the NSE (ticker: SNOWMAN), the company provides integrated cold chain services, encompassing multi-temperature warehousing and refrigerated transportation, primarily serving seafood, ice cream, pharmaceutical, and chemical industry clients across India.

The company's core product is pallet-position-based cold storage, delivered through an owned-warehouse network across multiple Indian cities, supported by an annual capex of Rs 100-150 crore and a stated target of reaching 200,000 pallet positions. Facilities support a range of temperature regimes and, more recently, A-Grade dry warehouse configurations for hazardous chemicals — Snowman's first such facility was launched in Shoolagiri, Tamil Nadu (50,000 sqft, 5,500 metric tons) in December 2025 via a partnership with BDP UGL Global Logistics. FY26 capacity was expanded by approximately 17,000 pallet positions through new facilities in Kolkata, Krishnapatnam, Kundli, and Jaipur, with a 6,500-pallet Patna facility scheduled for January 2027.

The business model rests on two revenue streams: subscription-style storage rental income per pallet position and per-shipment freight charges for cold chain transportation. Customer engagement is direct B2B sales to enterprise clients across target verticals, with no disclosed SMB or long-tail segment. FY26 audited revenue was Rs 6,043.8 million, up 9.4% year over year, but full-year profit after tax declined to Rs 33.0 million from Rs 56.9 million, reflecting margin pressure in the transportation segment. India Ratings has affirmed the company's A+ credit rating with a stable outlook.

Name

Snowman

Legal name

Snowman Logistics Limited

Website

https://snowman.in

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Snowman Logistics Limited is an Indian publicly listed cold chain logistics provider offering multi-temperature warehousing and refrigerated transportation to enterprise clients in seafood, ice cream, pharmaceutical, and chemical industries across India, with an owned-warehouse network targeting 200,000 pallet positions.

Ownership category

akta.pro rank

Product category

Cold Chain Logistics

NAICS

Refrigerated Warehousing and Storage (493120)

SIC

Public Warehousing & Storage (4220)

akta.pro primary industry

Frozen Food Cold Storage (TLALABAB)

akta.pro secondary industry

Frozen Goods Transport (Deep-Frozen) (TLADAHAF)

Keywords

• Cold chain logistics
• Temperature-controlled warehousing
• Refrigerated transportation
• Cold storage services
• Pharmaceutical cold chain

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Cold Storage Warehousing: Temperature-controlled warehousing services providing pallet positions for storage of perishable goods, pharmaceuticals, and temperature-sensitive products. Revenue generated through storage rental fees based on pallet positions and storage duration.
2. Cold Chain Transportation: Transportation services for temperature-controlled cargo including perishable food, pharmaceuticals, and chemicals. Revenue is generated through freight charges based on distance, weight, and temperature requirements.
3. Chemical Logistics Services: Dry warehouse storage and distribution services for chemical industry, marking company's diversification into chemical logistics sector through A-Grade facilities.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Snowman provides integrated temperature-controlled logistics (cold chain) services across India, including cold storage warehousing and refrigerated transportation. The company serves seafood, ice cream, pharmaceutical, and chemical industry customers with a target capacity of 200,000 pallet positions and invests Rs 100–150 crore in annual capex. FY26 revenue was Rs 6,043.8 million.

Product overview

Snowman Logistics operates as an integrated temperature-controlled logistics and warehousing provider in India. The core offering consists of cold storage and temperature-controlled warehousing services for perishable goods across food, pharmaceutical, and seafood industries. The company has expanded into chemical logistics through a partnership with BDP UGL Global Logistics, offering A-Grade dry warehouse facilities. Expansion plans include new cold storage facilities in eastern India (Patna) and ongoing capacity additions totaling approximately 17,000 pallet positions from new facilities in Kolkata, Krishnapatnam, Kundli, and Jaipur. The company invests Rs 100-150 crore annually in owned warehouses, targeting capacity expansion to 200,000 pallet positions.

Differentiator

Problem solved

Functional benefit

Products and services

• Cold Storage Warehousing Temperature-controlled warehousing services for seafood, ice cream, pharmaceutical, and chemical industry customers across India, with a target capacity of 200,000 pallet positions.
• Cold Chain Transportation Refrigerated transportation services for temperature-sensitive goods serving seafood, ice cream, pharmaceutical, and chemical customers across India.
• Chemical Logistics Services Specialty chemical storage and logistics services offered in partnership with BDP UGL Global Logistics, targeting chemical manufacturers and traders in India.

Quantifiable outcome

• 9.4% annual revenue growth to Rs 6,043.8 million in FY26
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• BDP UGL Global Logistics (I) Pvt. Ltd.coreStrategic or Co-development Partner · 1 December 2025Strategic partnership for chemical logistics operations. BDP UGL Global Logistics provides global best practices implementation for hazardous chemical storage and distribution. The partnership enabled Snowman's first A-Grade dry warehouse facility in Shoolagiri, Tamil Nadu to become fully operational within just 100 days. The facility spans 50,000 sqft with 5,500 metric tons storage capacity.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Others

• Snowman is a subsidiary of Gateway Distriparks — Gateway Distriparks: Gateway Distriparks is Snowman's parent and an intermodal logistics player; while not a direct cold chain competitor, it is the most relevant strategic context for Snowman's rail integration and capital structure.

Broad incumbents

• Concor (Container Corporation of India): Concor is India's dominant rail container operator and is increasingly active in reefer rail movement. Comparable to Snowman's Gateway Distriparks rail-integration advantage and relevant to cold chain via temperature-controlled containerized rail.
• DHL Supply Chain India: DHL Supply Chain operates multi-temperature warehousing and life-sciences cold chain in India. Comparable on pharma-grade cold storage capability and enterprise customer base, though as part of a global 3PL rather than an India-only specialist.
• Mahindra Logistics: Mahindra Logistics is a large Indian 3PL with a growing cold chain and last-mile distribution arm. Overlaps with Snowman on enterprise cold storage and transportation, though cold chain is one vertical within a much broader supply chain portfolio.

Direct peers

• Stellar Value Chain Solutions: Stellar Value Chain is an India-focused cold chain and contract logistics operator with multi-temperature warehouses and reefer transport. Directly comparable on integrated cold chain offerings and enterprise customer profile.
• ColdEx Logistics: ColdEx is an India-focused temperature-controlled logistics provider with owned reefer fleet and cold storage facilities. Closely comparable to Snowman on the integrated warehousing-plus-transport model and target verticals.
• Allcargo Logistics (Gati Kausar / Allcargo Cold Chain): Allcargo operates one of India's most visible cold chain logistics arms (formerly Gati Kausar), providing reefer trucking, cold storage, and integrated temperature-controlled distribution. Directly comparable to Snowman's warehousing-plus-transportation model across the same Indian customer base.
• TCI (Transport Corporation of India): TCI runs a dedicated cold chain division offering temperature-controlled warehousing, transportation, and distribution for pharma, food, and dairy. It is a directly comparable Indian pure-play cold chain operator serving overlapping vertical customers.

Regional players

• XPO Logistics (RXO, GXO): RXO/GXO operate temperature-controlled and food-grade logistics networks in adjacent regions; relevant as globally comparable cold chain 3PL benchmarks although geographic overlap with Snowman is limited.

Emerging players

• Delhivery: Delhivery is building cold chain capability within its pan-India logistics network, including part-truck and express cold shipments. An emerging competitor overlapping with Snowman's D2C and quick-commerce-facing customers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/snowman.logistics.limited
• LinkedInlinkedin.com/company/snowman-logistics-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors2 records

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 Snowman