On September 28, SBS Holdings announced that its subsidiary Ocean Pearl Logistics Private Limited (OPL) had signed a business transfer agreement to acquire the 3PL business (IBOB business) of SF India from SF Express (Overseas) of Hong Kong and its subsidiary SF Logistics Private Limited (SF India).
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The business transfer is expected to be completed by the end of December 2026, subject to the fulfillment of contractual conditions. Following the transfer, OPL will change its name to "IBOB SCS Private Limited" (tentative name), and Dr. Arunachalam R (Mr. Arunachalam), the local manager of the IBOB business, will assume the position of representative. In principle, employees engaged in the IBOB business will also transfer to OPL.
SF India was established in May 2019 by SF Express through SF Hong Kong. Together with Mr. Arun, it launched an IBOB business and has been supporting the logistics functions of global companies in India, as well as providing logistical support for the business expansion of one of India's largest e-commerce and quick-commerce operators.
Through this acquisition, SBS Holdings aims to expand its 3PL (Third-Party Logistics) business in India and build a more value-added, comprehensive global 3PL system for the entire group. While it will also acquire operating assets, liabilities, and tangible fixed assets associated with the acquired business, the amount is expected to be minor.
SBS Holdings expects the impact of this business acquisition on its consolidated financial results for the current fiscal year and subsequent fiscal years to be minor.
■ Overview of the transferring company (as of March 31, 2026)
Name: SF Logistics Private Limited
Address: Office No. 316, 3rd Floor, Plot No. A-315, Mahant Chamber, Thane (M. Corp.), Wagle IE, Thane, Thane, Maharashtra,400604, India
Business content: 3PL business (IBOB business)
Date of establishment: April 2019, 5
Major shareholder and shareholding ratio: SF Express (Overseas) Limited 99.9%
Huge Charm Investment Limited 0.1%
