Navkar

What Navkar does

Navkar Corporation Limited is an Indian logistics provider specializing in container freight station (CFS) operations and rail logistics. The company operates a fleet of 21 railway rakes offering freight transport services under India's GPWIS (General Purpose Wagon Investment Scheme) and LSFTO (Liberalized Special Freight Train Operator) frameworks, alongside CFS terminals that handle import-export and domestic cargo. Its operations are headquartered in Panvel, India, with 501–1000 employees, and the business was founded in 1990 (per firmographic data) / incorporated under its current form in 2008. Navkar is a subsidiary of JSW Infrastructure Limited, integrated into a parent network of 13 ports and terminals across India and the UAE, with Shantilal J Mehta serving as founder, chairman and managing director.

The company's core offering consists of three product lines: Rail Logistics (21 operational rakes with GPWIS/LSFTO access), EXIM Cargo Handling (containerized import-export throughput at CFS terminals), and Domestic Cargo Handling (inland freight logistics). Revenue is generated transactionally through CFS handling, storage, and documentation fees, supplemented by rail freight charges from rake operations, with pricing done on a quote-based B2B basis rather than disclosed publicly. Distribution runs through direct enterprise sales targeting manufacturers, traders, and logistics companies, plus channel relationships routed through the JSW Infrastructure port ecosystem.

In FY2026, Navkar reported standalone sales of Rs 687.46 crore (up 41.07% YoY) and a net profit of Rs 30.15 crore, reversing a Rs 45.30 crore prior-year loss. Q4 FY2026 revenue surged 92.66% YoY to Rs 200.76 crore. The volume mix shifted toward domestic cargo, which grew 56% versus 14% for EXIM. The business has also been extended through a December 2025 transaction in which JSW Port Logistics (a wholly-owned subsidiary of JSW Infrastructure) agreed to acquire three rail logistics companies from promoter-group entity JSW Shipping Logistics for Rs 1,212 crore.

Name

Navkar

Legal name

Navkar Corporation Limited

Website

https://navkarcfs.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Navkar Corporation is an Indian logistics provider operating 21 railway rakes under GPWIS/LSFTO frameworks alongside container freight stations, serving EXIM and domestic cargo customers as a subsidiary of JSW Infrastructure's port ecosystem.

Ownership category

akta.pro rank

Product category

Container Freight Station and Rail Logistics Services

NAICS

Freight Transportation Arrangement (488510), Marine Cargo Handling (48832), Rail Transportation (48211)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Railroad Switching & Terminal Establishments (4013), Terminal Maintenance Facilities For Motor Freight Transport (4231)

akta.pro primary industry

Container Freight Stations (CFS) (TLALAJAC)

akta.pro secondary industries

Warehousing, CFS & Bonded Storage for General Cargo (Within Terminal) (TLAHADAI), Intermodal Drayage Coordination & Port/Rail Ramp Transfers (TLACAEAH), Intermodal Terminal Value-Added Services (Cross-Dock, Transload, Stuffing/Stripping) (TLAJAFAL)

Keywords

• Container freight services
• Rail logistics
• EXIM cargo handling
• Domestic freight services
• Port logistics

Headquarters

HQ city

Panvel

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain

Revenue model

1. Container Freight Station Services: CFS operations handling cargo containers for import/export customers, charging transaction fees for cargo handling, storage, and documentation services
2. Rail Logistics Services: Rail rake operations providing freight train services to customers, with access to General Purpose Wagon Investment Scheme and Liberalized Special Freight Train Operator frameworks
3. Cargo Volume-Based Revenue: Revenue generated from cargo handling volumes - 14% growth in EXIM cargo volumes and 56% growth in domestic cargo volumes in FY2026

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Navkar Corporation operates container freight station (CFS) and rail logistics services for import-export (EXIM) and domestic cargo customers in India. The company runs 21 operational railway rakes under GPWIS and LSFTO frameworks and provides integrated port-to-rail logistics solutions as part of JSW Infrastructure's port and shipping ecosystem. Services include cargo handling, container storage, customs documentation, and freight transportation.

Product overview

Navkar Corporation operates as a logistics services provider offering integrated rail logistics and cargo handling solutions. The company provides rail logistics through operational railway rakes, EXIM cargo handling at container freight stations, and domestic cargo handling services. The portfolio is organized around three core offerings: Rail Logistics (featuring 21 operational rakes with GPWIS and LSFTO framework access), EXIM Cargo Handling for import-export freight forwarding, and Domestic Cargo Handling for inland logistics. The company was acquired by JSW Infrastructure to enable integrated logistics entry into the broader port and shipping ecosystem.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Revenue growth of 41.07% YoY to Rs 687.46 crore in FY2026
• +3 more outcomes

Segments2 records

Ideal customer profiles2 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.

• JSW Shipping Logistics Private LimitedcoreStrategic or Co-development Partner · 19 December 2025JSW Shipping Logistics Private Limited (promoter group entity) agreed to sell 100% equity in three rail logistics companies to JSW Port Logistics Private Limited (wholly-owned subsidiary of JSW Infrastructure) for Rs 1,212 crore. The transaction includes 21 operational railway rakes and access to GPWIS and LSFTO frameworks.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Aegis Logistics: India-based bulk liquid logistics and terminal operator; comparable as an Indian terminal- and freight-handling peer with adjacent (but not identical) CFS/container cargo focus.

Broad incumbents

• Mahindra Logistics: Large Indian enterprise logistics and supply-chain operator with warehousing, freight forwarding, and transportation services, broadly comparable to Navkar's domestic cargo and 3PL-style offerings.
• JSW Infrastructure: Parent company and India's leading port operator with 13 ports and terminals; operates overlapping CFS and rail logistics, providing the captive demand that underpins Navkar's volume growth.
• AP Moller-Maersk: Global ocean carrier and integrated logistics provider with inland CFS, depot, and rail services in India through its container logistics arm; broad incumbent competing for the same EXIM container volumes Navkar handles.
• Adani Logistics: Part of Adani's integrated ports-and-logistics platform offering CFS, rail, and inland container depots across India, directly competing with Navkar's integrated port-rail positioning under JSW.
• Transport Corporation of India (TCI): Diversified Indian logistics provider with freight, supply chain, and CFS/cold chain services; overlaps with Navkar's EXIM and domestic cargo handling at a broader portfolio level.

Emerging players

• Snowman Logistics: Indian temperature-controlled warehousing and logistics player; comparable as an emerging Indian logistics operator serving enterprise customers via specialized handling infrastructure, though narrower in scope.

Direct peers

• Allcargo Logistics: Indian multimodal logistics and CFS operator with comparable EXIM container handling and inland container depot services, overlapping with Navkar's core CFS and rail logistics offerings.
• Container Corporation of India (CONCOR): India's largest container freight station and rail-based logistics operator, directly comparable to Navkar's CFS-plus-rail model and serving the same EXIM and domestic cargo customers.
• Gateway Distriparks: Indian CFS and rail/inland container depot operator serving EXIM customers; directly comparable to Navkar on CFS throughput, rail logistics, and container yard operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Navkar