Founded in 1987, Nishant Import & Export Co. LLC imported liquid petroleum from the Middle East and traded in chemicals. Based in Sharjah, UAE, the company dealt in bulk trading even before acquiring their own tankers. The company soon recognized the need to offer comprehensive shipping solutions to its customers. As a result, the company optimized freight cost while enabling the import of substantial amounts of gasoline by implementing their own petrochemical tankers. This ensured timely deliveries and enabled the import of gasoline, furnace, and gas oil in mass quantities. In 1993, a single tanker established the vertical shift into shipping, focusing on transporting petroleum products like kerosene and diesel. In under a decade, Avighna became one of the fastest growing companies in the sector with a fleet of 17 vessels and an annual turnover of over US$100 million.
Avighna’s exponential success in shipping is indicative of the company’s financial strength, future growth, and continued expansion in other sectors such as real estate.