2015-16 has been the year of achievements for the Indian Government. India has overtaken China as the fastest

growing major economy in the world, expanding by 7.3% and cementing its position as one of the sole bright spots in

a flailing global economy. Besides building diplomatic relations with neighboring countries and also other important

world economies, our government has launched several initiatives like ‘Skill India’, ‘Digital India’, ‘Startup India’ etc

which are Pro Development. India is integrating well with the world economy and we will see progress in logistic

sector too.

I am happy to state that the year 2015-16 has shown a 20% growth over the previous year and the Company has

surpassed its annual budget which has been possible because of the efforts and contribution by all at Jeena. We hope

to maintain the same momentum this year. We have also increased our product offering in Pharma sector with the

tie-up with ‘Marken’ (Global Life Sciences Supply Chain specialists).

E-commerce has seen an unprecedented growth in the past year, and is projected to be worth $220 billion by 2025.

Yet, e-commerce is beyond just sales and GMV numbers. Speed of delivery is as important as the product quality for a

customer. It would not be wrong to say that logistics could be the defining factor for success of e-commerce

companies in retaining their customers.

At present, the country’s logistics industry is worth $300 billion and is estimated to grow at a CAGR of 12.17 per cent

by 2020. Innovations are very important in this sector, as the demand is always for more reach and faster shipping at

lower costs. Yet, the companies will need to invest in automation, while utilizing existing resources well.

We will be seeing a lot of opportunities knocking at our doors during this financial year which should translate into

business.

We wish all the best to our customers, partners and colleagues.

Regards,

Cyrus Katgara

Partner

Voice of Management

1

AirCargo IndiaJeena & company was invited to participate in the roundtable conference on the topic of “E- Commerce Delivering the Future” at the Aircargo India 2016 seminar held in February ‘16 in Mumbai, to discuss the impact of growing ecommerce business and its impact on Air transport and its ramifications for shakeup in the market place for Air transport players. We shared our perspective as Trade facilitation Partners of Alibaba for cross border Logistics India.

Speakers / Panelists at Aircargo India 2016.

2

It is the goodwill and strengths created with the help of

its business partners that Jeena is now nominated as

Logistics partner for the world leader in B2B ecommerce

portal Alibaba.com for its India operations.

The mandate given to the consortium partners is to

leverage their synergies and IT capabilities to create a

seamless one stop shop platform for all the needs of the

customer in the value chain including banking,

inspection, logistics and value added services.

It was through a long drawn process between July 2015 and December 2015 with numerous interactions between Jeena and Alibaba Management, where in Alibaba did a thorough due diligence on Jeena capabilities, reputation of its integrity and adherence to compliances and ability to react and adapt fast to the requirements of Alibaba e Commerce business.

Jeena wishes to acknowledge the support of its business partners in providing the credibility to Jeena as a leading Indian Freight Forwarder and Custom broker.

3

It’s Raining Awards!Trail Blazer Tours India Pvt. Ltd., (TBi) was awarded the exalted National Tourism Award for achieving first position for outstanding performance as an Inbound Tour Operator.

The award was given by Hon’ble President of India, Shri Pranab Mukherjee at a function held at the Vigyan Bhawan, New Delhi on 18th September 2015.

(L to R) Mr. Homa Mistry, CEO, Tbi, Shri Mahesh Sharma,Minister of Tourism, Shri Pranab Mukherjee Hon’ble Presidentof India and Mr. Jehangir Katgara, Director, TBi >

<Mt. Sam Katgara received the Golden Award (legends award) at the India Cargo Awards function from Dr. Renuka Parmar, Economics Advisory – Ministry of Civil Aviation. This is the first in our industry.

Jeena & Company also received the award for “Best Freight Forwarder of the Year”. The award was accepted by Mr. Sam

Katgara at the Air Cargo India event organized by Stat Times in Mumbai from 23rd to 25th February at the Grand Hyatt Hotel, which was attended by over 800 people.

< All smiles – Mr. Puroorava G. Patel, Branch Manager, Jeena Ahmedabad,Mr. Khushrow Major, Chief Operating Officer, Mr. Job Glas, ChiefRepresentative, Netherlands Embassy, Ahmedabad and Mr. Ramesh Mehra,Chief Marketing Officer.

< Jeena was the proud recipient of the Custom Broker of The Year award given by Economic Times. The winner was decided by an independent jury from data certified by KPMG.

4

It’s Raining Awards!

Jeena Delhi was the proud recipient of the Cargo Award given by Jet Airways.

(L to R) Mr. Rammohan Krishnaswamy - Senior GeneralManager & Mr Pradeep Kumar - Senior Vice President of JetAirways, Mr P K Koul, Country Head, Airfreight, Jeena Delhi,Mr. Kersi Dubash - General Manager of Jet Airways andMr. Krishnan Viswanathan, Branch Manager, Jeena Delhi. >

< Not to be left behind, Jeena Bangalore also received an award from Jet Airways for Exceptional Cargo Revenue Performance 2014-2015. The Certificate of Excellence was accepted by Mr. Alex Naidu, Branch Manager, Jeena Bangalore from Mr Rammohan Krishnaswamy, Sr. General Manager, Jet Airways

Jeena Delhi was awarded a Certificate of Appreciation for Outstanding Performance for 2015 by Etihad Airways. >

Mr. P K Koul, Country Head Airfreight & Marketing receivingthe Certificate of behalf of Jeena Delhi. Flanking him areMr. David Kerr - V P Cargo and Mr. Johnny Rubio - RegionalSales Manager - India & South Asia. >

< Jeena was presented with a certificate in recognition of 50 years of Individual Membership by the International Federation of Freight Forwarders Association (FIATA)

5

It’s Raining Awards!With hard work and determination to deliver quality service to our valued customer, Jeena has in a small way contributed to ACS bagging the prestigious award for the fourth consecutive time for their Origin Pick Programme with Sainsbury’s. The latest is the Chartered Institute of Logistics and Transport for freight transport best practice where they demonstrated “how upstream logistics techniques can deliver reduced cost, improved service and extend the capability and longevity of an established retail supply chain in a sustainable and repeatable way”.

Zoroastrian Trust Funds of India (ZTFI) hosted its first ever Zoroastrian Achievers Awards Night (ZAAN) in January, 2016 to give due recognition to Zoroastrians who have excelled in their respective fields. Mr. Homi Katgara accepted the Outstanding Zoroastrian – Corporate Social Responsibility award on behalf of Katgara Foundation, the family Trust, for their stellar contribution to society at large.

Congratulations to all!

As a team building / branding process, the senior staff members of Jeena Delhi made a trip to Koudyala in North India in October 2015. Located at Uttrakashi in Uttar Pradesh, Koudyala is well known for white water river rafting and other water sports. Bonding at a different level, the team had an exciting experience of 12 kms. of river rafting and 10 kms. of trekking.

Staying Afloat

(Front row L to R) Arnab Dey, Rajesh Kumar, P.K. Koul, Sudhir Narula,B. N. Mehanti, Deepak Khanna(Second row L to R) Behram Phirozshaw, P Ravindaran, Dinesh Srivastava,Sukhbir Singh, Sachin Singh, Y. R. Bhaskar

Eye CampAn eye camp was organized by Katgara Foundation at Gholvad on 10th April 2016.

Eye checkup was conducted free of cost by Dr. Rumi Jehangir and 156 free spectacles were distributed where required. Almost 200 people from the nearby rural areas benefitted from the camp.

6

Yoga Day

Jeena Delhi celebrated the International Yoga Day on 21st June 2016, by organizing a Yoga training workshop for all its employees. The main objective was to spread awareness of the benefits of Yoga which helps us in leading a healthy and happy life.

New Appointments

Ms. Swati Ranade Mr. Jayavanth Rao

Ms. Swati Ranade has joined us as Country Head - HR in our Corporate Office at Mumbai. Possessing good academic and technical qualifications to commensurate with her HR skills, Swati brings with her a rich experience of over 14 years in the field of HR of which 12 years are in our Freight Forwarding Industry. Human resources at Jeena were never so good!

Mr. Jayavanth Rao has joined us as Branch Manager at Bangalore. Rao (as he is known in BLR market) has a rich experience of around 25 years with almost all of it being in the Bangalore market. He has been associated with organi-zations like Lee & Muirhead, Exel--DHL, Hellman, AFL Dachser, DB Schenker with his last assignment with DSV Air and Sea Private Limited as Branch Manager.

Mrs. Henrietta Lobo Mr. Prakash Singh

Mrs. Henrietta Lobo has joined us as Head - Ocean Pricing Outbound at Jeena Mumbai. She comes with a rich experience of over a decade in Freight Forwarding & Sea Freight Pricing.

Mr. Prakash Singh has joined us as Senior Sales Manager - Pharma (India) and will be operating from our Gurgaon Office. He has a rich experience of around 8 years with almost all of it being in the Pharma market. He has been associated with organizations like World Couriers, Vimta Labs (CRO).

7

Due to the importance of developing the business of packaging and transportation of clinical trial samples and other similar related products for which we have been in dialogue with M/s Marken who is a niche global player in this industry. Mr. Prakash Singh has accepted the challenge of developing this product on an all India basis within Jeena. He will travel to all our offices where this business has potentials and will be working closely with Branch Managers and Sales teams on an all India basis.

We wish Prakash all the cooperation and good luck in bringing the Marken/Jeena product on the map of India.

Marken Mr. T. Ramesh, Dy. Manager - Operations, completed 25 years of loyal and dedicated service in Jeena & Company. Congratulations and keep up the good work!

25 Years

100 Years

Mr. T. Ramesh flanked by Mr. Dara Hormusji & Mr. Sam Katgara

8

Howzzat

A Premier League Cricket match was organized by the Air Cargo Club of Bombay among Airlines and Freight Forwarders with a total 12 teams

The Jeena team defeated Hermes Logistics by 9 runs in the first match and British Airways by 12 runs in the semi finals.

In a nail biting finish, with East West Logistics till the last ball, no one could judge who the winning team would be.

Mr. Sidesh Pwaskar of Mumbai Import Department was declared the Best Bowler of the series.

In AppreciationDear Mr. Kamthe,

(Manager Sea & Air Import, Mumbai)

This is an effort to thank you and your team for the untiring efforts put in to clear the medical equipment for late Mrs. Meenu Malkani. It was indeed a fine display of true humanitarian spirit and a compassionate gesture. It will always be remembered. We are at loss of words to express our sincere thanks and appreciation; it is indeed something beyond words. Keep up the spirit…!

Best Regards,

Rajiv Deshmukh

Gullco.

Dear Robinson,

(Branch Manager, Jeena Tuticorin)

Yesterday you and your team did an extremely marvellous job. I really appreciate your team's hard work. Almost everyone do hard work, but it is only worth when desired results come. It was my first business with your company and honestly speaking I was little afraid that how you guys will handle my shipment. Since my shipment requires labelling on cartons at CFS, it demands skilful operation. Despite of cargo reaching late at CFS, you have completed job and matched the desired schedule, I congratulate you and your team. You guys have proved that Jeena Logistics delivers service excellence and industry's best people work for a market leader company.

Thank you again for all your efforts. Look forward to work continuously with your esteemed organization.

Thanks & regards,

NIlesh Goyal