Patel Roadways Ltd.

In 1959, Asgar Patel started Patel Transport Corporation and purchased his first Truck. He drove it himself and ultimately later in 1962, he transformed Patel Transport Corporation to Patel Roadways (P) Limited and expanded the business and network as the Managing Director of the Company. Patel Roadways went on to become one of the biggest Road Transport companies in India and was converted into a Public Limited Company on 29th October 1993. This Transport company, carrying cargo worth Rs.60,000 million annually, was proud of a clientele in the likes of Glaxo, Unilver, Lipton, Parke Davis, Brooke Bond, to name a few. Later, “Patel Retail” was launched with a view of offering customers door pick-up - door delivery and time bound service packages at considerably lower rates than currently available. With its brand new fleet of trucks and the installation of the “WebXpress System” commissioned to enable clients to trace their shipments on the various stages of it's journey, Patel Retail carved a niche for itself.

The company became one of the largest logistics conglomerates in India offering unified solutions through surface transportation, Door-to-door Express service all over urban and rural India, besides offering services in warehousing and secondary distribution.

In 2019, the company divested the business to Stellar Innovative with the aim of shifting focus towards more lucrative business of Air Freight.

Having completed 50 glorious years, this Company earned the reputation of offering the finest services with strict adherence to delivery schedules.

WSP Realty

The experience gained in Real Estate activity in India, helped the group to establish a thriving Real Estate business in Dubai in 2008. In 2008 House of Patels launched their Real Estate arm in Dubai, WSP Realty. The Real estate division was driven by passion, quality and professionalism to provide best advice and service. The company gained many high profile clients, which included landlords, investors and organizations, both local & international.

Wall Street Finance Ltd.

1986 saw the establishment of Wall Street Finance Ltd. (WSFL) in India, a Non-Banking Finance Company with an Authorised Money Changing Licence from the Reserve Bank of India. WSFL was the first Indian company to be given a Full-Fledged Money Changers Licence and soon thereafter became a leader in Foreign Exchange and Money Remittance services in the country. The Company had become the only deposit-taking NBFC (D) that also had an Authorised Dealer (Category II) Licence. In October 2009, as part of the Group's strategic plans, group shareholding aggregating to 68% of WSFL was sold to Spice Group.

Instant Cash - Another House of Patels Initiative
With the increasing number of expatriates overseas, the remittance business was bound to increase and so 'Instant Cash', a Global Instant Money Transfer Service was launched. When it comes to money, everyone's concern is safety & security, thus it was important to create a product which customers would be committed to and for which they were willing to pay a price. Instant Cash was another brand whose business was focused on the core brand values of trust, speed and efficiency. Another key component of the Instant Cash business was its pricing strategy - in comparison to banks, Instant Cash was the cheapest mode of money transfer available.

Wall Street Exchange Centre

In 1982, the House of Patels crossed national boundaries and entered the Foreign Exchange and Money Remittance business with the launch of Wall Street Exchange Centre (WSEC) in the U.A.E. Some of its products included buying and selling of bank notes as a Wholesale business, issue of Drafts to Expatriates worldwide, Instant Cash and Instant Draft. This chain of Exchange Centres soon extended to cover the globe with the formation of Wall Street Forex London Ltd. in London and Patel's Wall Street Exchange Ltd. in Hongkong.

In 2005, as part of his strategic alliance, Asgar Patel brought in Empost, a Company owned by the Federal Government of UAE, as a strategic investor, by selling his 60% Shares. The synergy of these two Institutions provided great convenience to the public utilising money exchange and money remittance services in the U.A.E. This alliance offered tremendous convenience to customers through a one-stop single window service for small as well as large customers who would like to change money, send or receive a remittance, buy a draft or simply post a letter or send a parcel to any location worldwide. With the aim of expanding his other businesses and venturing into new businesses, the Company was sold to Emirates Post in 2012.

Wall Street Finance LLC, USA

The success of the Money Exchange & Remittance Business in UAE, saw House of Patels enter the US market in the new millennium. With the setting up of Wall Street Finance LLC in New York, the Company had Remittance Licences from the State Banking Departments of New York, New Jersey and Georgia. The company had strategic tie-ups with other Money Transmitters like RIA who have licences in all the 50 States of the USA. Regular external compliance audits, training of staff and agents and software upgradation helped the Company to establish firmly as one of the leading players for Remittance Business.

Wall Street Finance (Canada) Ltd., Canada

Strategic expansion plans led to the entry of House of Patels into Canada with the opening of Wall Street Finance (Canada) Ltd, in the year 2005. It serviced the needs of thousands of clients, who reposed their trust in the company, transferring money overseas every year. From private clients making payments overseas to corporate clients with ongoing foreign exchange requirements, WSFCL aimed to exceed expectations with excellent services from friendly, knowledgeable staff along with its state-of-the-art technology to support its business operations and extensive tie-ups with correspondents.

Both the North American Businesses were divested to focus on new businesses.

The Companies Today

Patel Integrated Logistics Ltd.
As part of its strategic plans, Patel Roadways Ltd. & Patel On-Board Couriers Ltd merged to form Patel Integrated Logistics Ltd. The company offers reliable services and strict adherence to delivery schedules that facilitate movement of cargo worth INR 120 annually. Over a period of time the Company served more than 75,000 satisfied customers, which include multinationals, public and private sector organizations and small scale industries as well as the trading community.

Patel Airfreight, (PAF) Domestic, the company's IATA approved cargo agency offers transportation of high density cargo by air and surface within India. PAF Domestic has a presence in 89 Airports in India and has 125+ offices at strategic locations across the country.

In 2004 Patel Airfreight International was launched and today undertakes efficient and cost effective freight transportation across the globe. PAF International is a member of GLN headquartered in New Jersey, USA with a worldwide membership of 136 members across 60 countries. Through this, the company is able to efficiently manage it's international business and deliver cargo to the doorstep of clients.

The company serves a wide set of industries including seafood, leather goods, granite, garments, engineering goods, medical equipment, chemicals to name a few.

PAF is a preferred partner for most of the E-Commerce giants, Pharmaceuticals, Automobiles, FMCG, IT, Engineering companies and many more.

Warehousing Launched in 2017, Patel Warehousing offers services in Warehousing and Distribution, Manufacturing Logistics, C&F Management apart from other valuable services in cargo and vendor management.

With over 200,000 sft of warehousing space, the company has a clear edge over other ecosystem players via the Brick & Mortar infrastructure and knowledge offering which has its inherent advantages.

Natasha Constructions

In 1981 Natasha Constructions Ltd. started off with the construction of the Group's very own corporate office in Bandra, Mumbai.This cemented the Group's decision for diversification into the construction area. Construction companies namely Wall Street Construction and Natasha Constructions Pvt. Ltd. constructed 500,000 sq. ft. of Housing Projects in Mumbai, Pune, Bangalore & Goa. These constructions found widespread favour amongst customers not only in India, but also with NRIs abroad. Natasha Sea View at Carter Road, Mumbai is currently the home of Asgar Patel & his family and is a State-of-the-art building overlooking the Arabian Sea.

In 2016 Natasha Construction Projects Pvt. Ltd. launched 'Sirocco Grande', iin collaboration with a well established Developer, in the upcoming residential hub near the Mumbai- Pune Express Highway, close to the Oxford Golf Course & Sentosa Water Park. In the close proximity of the IT Park (Hingewadi), a pollution free environment, excellent architectural planning, abundant lifestyle features and most importantly complete freedom, this 5 Towers of 14 floors each project is yet another of the Company's landmarks. 5 Residential Towers in Pune.

(Visit Website)

The Company's current projects:
- Riverfront Township in Kerala (Visit Website)
- A Super Speciality Hospital in Coimbatore

ZD Security and Facility Services LLP In keeping with its diversification motto of all time, the House of Patels ventured into this Business in 2019 with a well-versed and experienced team in the Security & Facility Business. (Visit Website)

Patel Holdings Limited

Patel Holdings Limited is a Holding Company of the Group and has got diversified investments of the Group. The company is also into lending money against tangible securities to sound, reliable Corporates. To augment the company's liquidity, the Company also strategically invests in selective stocks. The Company is embarking on building warehouses meeting international standards so that idle assets will be put to commercial use and thereby augmenting the Company's revenue.

To have a successful 50 years for any entrepreneur, is a long haul, particularly when Patel, a far from flamboyant man, started with one truck and one vision'. It would also be noteworthy to mention the Group employed over 10000 people during these six decades in India and abroad. Including its overseas businesses, the turnover of this enterprise is well over millions of dollars.

Thailand

On April 2013, Mr Patel launched a marketing campaign in the UAE to promote investment in the tallest tower in Thailand: The Ritz-Carlton Residences, MahaNakhon. With its distinctive sculptural appearance, MahaNakhon has been carefully carved to introduce a three-dimensional ribbon of architectural 'pixel' that circle the tower's full height, as if excavating portions of the elegant glass curtain wall to reveal the inner life of the building

WSP Realty the House of Patels' company in the UAE, acquired the project's marketing and sales rights for India, GCC and Russia. Besides promoting this top dollar investment, Patel himself invested in this project, one valued at over AED 2.25 billion ($640 million). Featuring hotel, retail and residences, 194 units of The Ritz-Carlton Residences Bangkok, were priced at an initial figure of approximately $1m, making it one of the most expensive condominiums in Bangkok.

UAE Reza Traders LLC, UAE Reza Traders LLC is the Trading Company of the Group set up in the year 1981. The company is predominantly into trading of timber logs and leather items. Keeping in perspective the ever growing consumer & commercial demands, the company imports not only to the UAE, but exports world-wide as well.
Besides the above, the group is also involved in various projects in the Middle East where they support young entrepreneurs to grow their businesses by virtue of Joint Ventures and/or Investing with them.