TCI Express has become a name synonymous with service quality and speed
in the domain of Indian express delivery, leveraging the operational strengths of its
business model and the domain expertise meticulously developed over time, while
understanding the unique express delivery needs suited to the Indian business landscape.
Stable Growth Trajectory of the Indian Economy and Logistics Sector
Amid the tumultuous nature of global macroeconomic affairs, grappling
with fears of uncertainty and slowdown, the Indian economy strides ahead confidently at
the GDP growth rate of 6.5% for the current fiscal year and a balanced, optimistic outlook
for the upcoming business year. Sustained capex growth and focused infrastructure
development by the Government of India continue to fire the growth engines while boosting
the employment and revenue generation levels within the nation. However, the full impact
of these efforts is expected to unfold gradually, given the inherently long gestation
periods associated with large-scale government initiatives and structural reforms. Under
the clarion call for Atmanirbhar Bharat, the manufacturing sector records a little subdued
sustained growth under various initiatives such as the Make in Indiaprogramme and
Production Linked Incentive (PLI) Schemes.
Logistics, being the backbone of the Indian economy, has been one
amongst the key economic sectors to undergo revolutionary transformation. Driven by
estimated GDP growth at more than 6.5%, rising demand and evolving industry needs, India's
logistics and freight sector is projected to expand at a CAGR of 8.8%, reaching US$ 484.43
Billion by 2029-30, from US$ 317.26 Billion in 2024. Development of smart cities,
industrial corridors and improving connectivity to Tier II and Tier III cities of India
shall be the bedrock of this phenomenal growth potential.
Performance and Way Ahead for TCI Express
TCI Express has become a name synonymous with service quality and speed
in the domain of Indian express delivery, leveraging the operational strengths of its
business model and the domain expertise meticulously developed over time, while
understanding the unique express delivery needs suited to the Indian business landscape.
Our largest service segment B2B Express renders impeccable services to our esteemed
clientele with its 5,500+ fully containerised vehicles and 24*7 GPS tracking for real-time
monitoring while our Domestic Air Express service promises assured delivery within the
accelerated timelines of 24 hours for all the Metro and Tier I cities and 48 hours for all
mini metro and A-class cities. As the fastest B2B Express Delivery company in India, TCI
Express leverages its automation capabilities to reach and expand its strategic potential,
with a sustained focus on branch network expansion that has resulted in expanding our
presence from 32,000 locations in FY 2017-18 to 60,000 locations in FY 2024-25. The
biggest example of this strategic approach is the complete automation achieved at the
Gurugram and Pune Sorting Centres, resulting in reduced turnover time, increased
operational efficiencies and minimal errors. The sorting centres at Nagpur, Raipur and
Indore, amounting to more than two Lakhs sq.ft are also completed, thereby further
strengthening our business expansion potential and client servicing capabilities in the
region of central India. Moreover, crafting bespoke service solutions for industries with
complex logistics requirements like Pharma Cold Chain, Defense, Aerospace, and Engineering
is a priority in terms of broadening the business offerings and reducing the concentration
risks. The Company has undertaken a strategic transformation by broadening its service
portfolio to include robust multimodal capabilitiesintegrating surface, rail, and
air transportation into a seamless and efficient logistics ecosystem. This deliberate
expansion into multimodal express services is not only a natural progression of our
asset-light model but also a forward-looking step to meet the evolving needs of our
customers who demand speed, flexibility, and cost-effectiveness in a dynamic business
environment. By integrating the capabilities of our multimodal express services into our
broader logistics portfolio, we are strategically positioned to deliver tailored,
end-to-end solutions that address the diverse and evolving needs of industries across
multiple geographies. This synergy enables us to enhance service efficiency, expand our
reach, and create greater value for our customers. Along with these new endeavours, the
Company proudly caters to the express delivery requirements of its corporate and SME
clients from across a wide array of industries. The relentless pursuit of value
maximisation for shareholders continues with expansion in metro and Tier I cities through
new branch offices as well as high-end automation of sorting centres planned in Kolkata
and Ahmedabad.
Responsible Value Creation for All the Stakeholders
TCI Express has always rewarded its shareholders and investors with
robust financial gains in the form of dividend income as well as a high return on capital
employed (ROCE). Keeping the track record of continuous dividend declaration for the last
eight years, TCI Express has proposed a cumulative dividend of 8 per share for FY
2024-25. In addition to wealth creation for the stakeholders, TCI Express also believes in
shouldering the responsibility of developing a well-balanced and harmonious value chain
where the interests of all the stakeholders are prioritised and represented equally. For
this purpose, the Company has proactively adopted a sustainable approach to business
activities impacting the environment as well as community initiatives.
TCI Express has installed solar panels at its Pune and Gurugram sorting
centres, generating over 9,42,826 kWh of clean energy. Furthermore, 50% of our
heavy-capacity trucks are BS-VI-compliant, along with increased use of EV, CNG and
Biofuels
TCI Express believes in shouldering the responsibility of developing a
well-balanced and harmonious value chain where the interests of all the stakeholders are
prioritised and represented equally.
Solar panels, installed at Pune and Gurugram sorting centres, have
generated over 1 Million kWh of clean energy.
as an attempt to minimise the business's carbon footprint. TCI
Express seeks to play an active role in community wellbeing through its initiatives such
as Global Parli' (an agricultural modernization drive covering 25 villages;
Siksha' (educational initiative for the underprivileged); Saksham'
(an occupational skill development centre); free artificial limbs camps organised by the
TCI Express Foundation, Shorya' a sports training facility and
Samanta' a rural community development initiative. During the year, one of the
major initiatives organised by TCI Express Foundation, in collaboration with the TCI
Foundation, was a free artificial limbs camp at the Prayagraj Maha Kumbh. This initiative
provided artificial limbs, crutches, and callipers to over 1,200+ individuals,
demonstrating TCI Express's commitment to social responsibility and empowerment.
I take pride in witnessing the far-reaching positive impact created by
these programmes for the countless lives of our countrymen and the instrumental role
played by TCI Express in the same. I express deep gratitude to all, our Board, human
resources, and clients, for their sustained belief in us, for that has enabled us to move
forward with grit and determination. I am confident that TCI Express shall continue its
wholesome value creation journey unimpeded and shall add to its formidable suite of
strategic strengths for the coming fiscal years as well.
Warm Regards,
D.P. Agarwal
Chairman and Director of TCI Express