Leap India converts to public company, appoints independent directors

Leap India, a supply chain solutions provider,  is all set to convert into a public company, signalling plans to file for an initial public offer (IPO). 

LEAP India was planning to launch a ₹1,000 crore IPO in 2022, but the plan was delayed after KKR acquired the company.

Read also- AI firm Olto raises $5.1 mn from Nexus, The General Partnership

According to a regulatory filing with the Registrar of Companies (RoC), the board has now approved changing its status from a private to a public company and renamed it from “Leap India Private Limited” to “Leap India Limited.”

To meet regulatory norms and prepare for listing, the company has added two independent directors—Harinarayanan Nair and Sanjiv Gupta—to its board.

Nair brings over 30 years of experience in logistics, having worked at Wipro Pari, Signode and ITW India. Gupta, the Founder and Chairman of Bluwheelz, has also held leadership roles at Coca-Cola and SpiceJet.

About Leap India 

Founded in 2013 by Sunu Mathew, Leap India provides supply chain solutions like equipment pooling, packaging, inventory management, transportation, and repair services. It serves clients in various sectors, including e-commerce, consumer durables, beverages and automotive.

Advertisment

Earlier this year, LEAP India acquired CHEP India for an undisclosed amount to strengthen its supply chain presence and expand its reach in the country. CHEP India supports businesses in reducing disposable packaging and improving supply chain efficiency.