Transworld Group is a multinational shipping and logistics company, based in Dubai, United Arab Emirates. It has business interests in shipping and logistics, aviation, supply chain management, and food processing, among others. Established in 1977 by R. Sivaswamy, the company has offices in the United Arab Emirates, the United States, Saudi Arabia, Oman, Sri Lanka, and multiple cities in India.[2]
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| Company type | Private Limited Company |
|---|---|
| Industry | Shipping Logistics |
| Founded | 1977 |
| Founder | R. Sivaswamy |
| Headquarters | Dubai, United Arab Emirates |
Area served | Worldwide |
Key people |
|
| Services | Vessel owning, commercial jets, warehousing, shipping and logistics[1] |
| Revenue | $700 million (2015)[1] |
Number of employees | 1,000+ (2024) |
| Website | www |
History
editTransworld Group of Companies was established in 1977 by R. Sivaswamy as a shipping company in Mumbai. In 1989, the company came under the leadership of chairman Ramesh Ramakrishnan and later expanded its operations into shipping, marine and logistics in the Indian subcontinent and the Gulf region.[3][4][1]
Operations
edit
Shipping and logistics
editThe company provides shipping and multimodal logistics services. Its shipping services include containerized, bulk, and tanker cargo transportation.[5] The group's logistics services include third-party logistics, freight forwarding, cold chain logistics, and warehousing.[6]
In 2022, Transworld Group entered the liquid bulk segment with the purchase of two vessels of 74,000 DWT, flying the Panama flag.[7]
Between 2021-24, Transworld Group provided logistics services in the construction of the BAPS Hindu Mandir in Abu Dhabi.[8]
In 2023, Transworld Group signed an agreement with DP World's Jebel Ali Free Zone (Jafza) for the construction of a 50,000+ square meters, dry and temperature-controlled distribution center in Jafza, which is expected to be completed by 2025.[9]
In 2024, Transworld Group signed a ₹2,000 crore MoU to establish ship leasing and aircraft leasing activities at GIFT IFSC, Gujarat.[10]
Aviation
editIn 2023, Transworld Group expanded into the aviation sector with its luxury private jet charter service, Airavat, operating in the Middle East, Europe, and Asia.[11] In 2024, Transworld Group entered into a joint venture with former SpiceJet COO Arun Kashyap's Sirius India Airlines to begin operations in India.[12]
Food processing
editIn 2024, Transworld Group established its food processing and agri-logistics arm called Transgreen.[13]
Recruitment
editIn 2023, Transworld Group partnered with DP World's World Security to establish World People Solutions, which recruits workers from India for job opportunities overseas.[14]
Film production
editIn 2024, Ramesh S. Ramakrishnan and Ritesh S. Ramakrishnan of Transworld Group, along with Emirati filmmaker Shihan Shoukath, launched a film production house called Reel World Entertainment.[15]
Others
editTransworld Group has also developed real estate and infrastructure projects in India and the UAE.[13]
See also
editReferences
edit- ^ a b c "Transworld Group – The Asian Entrepreneur". Archived from the original on 19 December 2019. Retrieved 1 October 2018.
- ^ "To be a global shipping player, India needs infrastructure". www.thehindubusinessline.com. Retrieved 14 November 2018.
- ^ "Ramesh Ramakrishnan – Indian Rich List 2011 – ArabianBusiness.com". www.arabianbusiness.com. Retrieved 14 November 2018.
- ^ "Transworld invests Dh367m to expand shipping fleet". gulfnews.com. Retrieved 14 November 2018.
- ^ Hand, Marcus (17 July 2023). "Transworld and Fleet in ship management joint venture". Seatrade. Retrieved 7 October 2023.
- ^ Boonzaier, Jonathan (19 December 2014). "Transworld's next generation drives group beyond box niche". TradeWinds. Retrieved 18 November 2024.
- ^ "Dubai-based Transworld Group enters tanker segment". Gulf News. 5 December 2022. Retrieved 18 November 2024.
- ^ Kumar, Ashwani (28 March 2021). "Look: Abu Dhabi Hindu temple foundation almost complete". Khaleej Times. Retrieved 18 November 2024.
- ^ "Jafza, Transworld Group sign agreement to open 5,000sqm logistics centre". gulfnews.com. 2023-12-20. Retrieved 2024-10-07.
- ^ Nair, Avinash (11 January 2024). "Vibrant Gujarat: Transworld, Wipro, Accenture among new GIFT City investors". BusinessLine. Retrieved 18 November 2024.
- ^ Singh, Marisha (18 July 2023). "Airavat Aviation to bring luxury private jet travel to the Middle East". Retrieved 18 November 2024.
- ^ "Former SpiceJet COO launches aircraft charter company, ties up with Transworld Group". Moneycontrol. April 2024. Retrieved 7 October 2024.
- ^ a b "Transview - February 2023" (PDF). Transworld Group. Retrieved 18 November 2024.
- ^ "DP World's World Security strikes partnership deal with Transworld Group for training, hiring manpower from India". Arabian Business. 12 January 2023. Retrieved 18 November 2024.
- ^ Mehta, Somya (14 March 2024). "After big win at Cannes, Dubai filmmaker opens production house". Khaleej Times. Retrieved 18 November 2024.