Zeal Global Services Ltd (ZEAL)

Zeal Global Services Ltd was originally incorporated as Zeal Global Services Private Limited as a Private Limited Company vide Certificate of Incorporation dated February 13 2014 issued by Registrar of Companies NCT of Delhi and Haryana. Subsequently Company converted into a Public Limited Company and name of Company was changed to Zeal Global Services Limited through fresh Certificate of Incorporation dated April 25 2023 issued by the Registrar of Companies Delhi. Headquartered in Delhi Zeal Services has presence in Mumbai as their international logistics operations are supported by a network of service partners and vendors to service client requirements across India and abroad. The Company is engaged in the business of providing logistics solutions in the Air Cargo Industry. It has been operating as General Sales and Service Agent GSSA and sales partner for airline in the region. The Company operate into two business verticals: Cargo Carrier Service and Passenger Carrier Service. The Company under Cargo Carrier Service are representing various airlines such as Air Europa Express Latin America Copa Airlines Latin America MIATMongolian Mongolia Bringer Airlines Latin America Paragon Hong Kong Express Asia Fits Aviation Pvt Ltd Latin America/ Africa Azerbaijan Azerbaijan Indigo Dubai / Middle East Mercury Air Cargo Latin America. Transfer and shipment of goods by arrangement with the represented / contracted airlines for the transportation of cargo through air. Under Passenger Carrier Service they work with Airlines through support for transportation of passengers through Airways from one country to another. Presently the Company has started working with Azerbaijan Airlines as a Pilot Project.Since the business model is customer centric it has attracted various airlines in India such as Copa Airlines Bringer Air Cargo MiatMongolian Airlines and Air Europa. The Company replicate the business model in other countries and expand geographically and across the world like India such as Middle East Hong Kong and Latin America. It has developed a Plug and Play business model on one side Airlines for Passenger and Cargo and on other side the Shipper / IATA Agents. To strengthen the association Zeal Global made a strategic investment in the Joint Venture named Teleport Commerce In Private Limited and acquired 33 of the stake in the Joint Venture in 2019. Later in 2022 the Company inked an agreement with Azerbaijan Hava Yollari CJSC. Further it has ventured into travel GSSA through which the product is now launched in terms of air travel from Delhi to Baku. The Company is planning a Public Issue of upto 3540000 Equity Shares through Fresh Issue..

Share Price: ₹191.25 per share as on 25 Jul, 2024 04:01 PM
Market Capitalisation: ₹259.61Cr as of today
Listing date: 09 Aug, 2023