LEAP India Begins Transition to Public Company, Names Independent Director

SA TeamJuly 24, 2025

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Three points you will get to know in this article:

1. LEAP India, a provider of supply chain solutions, is transitioning to a public company according to its filings with the MCA.

2. Additionally, the startup has appointed two independent directors for a five-year term: Sanjiv Gupta and Harinarayan Nair.

3. Established in 2013, LEAP India offers a diverse array of supply chain solutions, such as equipment pooling, returnable packaging, inventory management and movement, transportation, and more.

LEAP India Files for Public Company Status with MCA

As per LEAP India’s MCA filings, the supply chain solutions provider Leap India is poised to become a public company.

“…the company’s consent is hereby granted to convert the company from a “private company limited by shares” to a public company limited by shares, and accordingly, the company’s name is hereby changed from Leap India Private Limited to Leap India Limited by removing the word “Private” from the name,” according to LEAP India’s MCA filings reviewed by media.

Two independent directors, Sanjiv Gupta and Harinarayan Nair, have also been appointed by the startup for a five-year term.

Website: Roast Foods Secures Strategic Funding At Undisclosed Valuation .

Past Investment and IPO Aspirations of LEAP India

It is worth mentioning that LEAP India’s IPO reports emerged in 2022, indicating that the company is aiming to raise close to INR 1,000 Cr through an initial public offering. In 2023, though, the global investment firm KKR bought a controlling interest in LEAP India.

Subsequently, in December 2024, LEAP India submitted documents to the MCA for a funding round led by the private equity giant KKR through its subsidiary Vertical Holding, aiming to raise INR 535 Cr. It was anticipated that Sixth Sense Ventures, FirstBridge India, Madhurima International, and others would also take part in the round.

Indian Supply Chain Sector Sees Rapid Evolution and IPO Activity

The supply chain and logistics sector in India is thriving due to the growth of e-commerce, quick commerce, and technological innovations. As with other sectors, the supply chain industry is also evolving due to artificial intelligence (AI), blockchain technology, and robotics.

Earlier this year, the logistics platform Shiprocket, which is preparing for an IPO, introduced Shunya.ai—an agentic AI stack designed to assist micro, small, and medium enterprises (MSMEs) as well as D2C businesses through the facilitation of multilingual commerce. The logistics giant is targeting an IPO worth INR 2,500 Cr and has submitted the DRHP through a confidential route.

In January, Shiprocket transitioned into a public company in preparation for its IPO.

KreditBee, a fintech company based in Bengaluru, has reportedly received approval from its board to transform into a public entity as it prepares for an IPO.