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Allcargo Logistics Limited
Sector:Courier and Logistic Services Courier and Logistic Services - Courier and Logistic Services
Market Lot: 1Face Value: 2ISIN Demat: INE418H01029
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Business Profile
Allcargo Global Logistics (ALLCARGO) is a logistics service provider. The company was incorporated on Aug. 18, 1993 as a private limited company and was converted into a public limited company on Jan. 17, 2006. It was founded by Shashi Kiran Shetty, the chairman and managing director.

The company has five areas of operations; namely multi-modal transport operations (MTO), container freight stations (CFS), project cargo handling, airfreight, and transport logistics. Under MTO, the company offers end-to-end freight services for the export and import of cargo through multiple modes such as sea, road, air and rail with facilities like less than container load consolidation and multi city consolidation services. Under CFS, the company provides services like storage, handling, stuffing, consolidation of cargo and other value-added services. CFS facilities are provided by Transindia Logistics Park in Nhava Sheva, two in Chennai and Mundra, and a third inland CFS to come up by 2007. Handling capacities (TEUs) per annum are 120,000, 104,000 and 52,000 respectively. In project cargo handling, it undertakes turnkey projects like the transport of high value specialized equipments like oil field equipment or power plants.

The company covers over 4000 destinations across the globe and has a pan-India presence, with 16 branches, nine franchisees and regional offices in Mumbai, Delhi, Chennai and Kolkata. The company has signed an MOU with the government of Gujarat for international infrastructural logistics projects. The company has acquired ECU Hold N.V, Hindustan Cargo and recently acquired Transindia Freight Services, which owns and operates assets such as cranes, fork lifts, trailers and reach stackers.

The registered office is at Diamond Square, 5th Floor, CST Road, Kalina, Santacruz (E), Mumbai-400098.


Recent Developments
Allcargo Logistics' CSR arm, today signed a Memorandum of Understanding (MoU) with Maharashtra State Skill Development Society (MSSDS) to train over 7400 youth in Maharashtra.

Allcargo Logistics, India's leading integrated logistics provider and a part of the Avvashya group, today announced that Adarsh Hegde has been elevated as the Joint Managing Director with effect from July 1, 2016.

Allcargo Logistics, an integrated logistics solutions company, announced its un-audited financial results for the quarter ended Sept. 30, 2015. The board has approved a bonus issue of 1:1 and payment of interim dividend of Rs 1 a share.

Allcargo Logistics announced a steady growth in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 14.00% to Rs 725.40 million from Rs 636.30 million in the same quarter last year.

Allcargo Logistics has announced the acquisition of two additional vessels aggregating 24000 DWT. for its coastal shipping business. Post this acquisition Allcargo now owns a total of five cargo vessels making it one of the largest players in the logistics industry. The main criterion for this acquisition was to cater to the growing requirements not only of coastal shipping but regional trade and commerce as well.

Allcargo Logistics disclosed a sharp rise in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 53.33% to Rs 751.00 million from Rs 489.80 million in the same quarter last year.

Allcargo Logistics, recently announced the expansion of its senior leadership team through the addition of two industry veterans, Prakash Tulsiani and Martin Muller. This announcement is in line with Allcargo's strategy to consolidate its leadership team.

Allcargo Logistics, an integrated logistics solutions company has posted almost a five fold jump in its consolidated net profit at Rs 555 million for the quarter ended March 31

In Brief

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