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companylogoTCI Express Ltd

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BSE Code : 540212 | NSE Symbol : TCIEXP | ISIN : INE586V01016 | Industry : Miscellaneous |


Chairman's Speech

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 capabilities—integrating 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

   

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