Allcargo at 30: Revolutionising India’s Logistics Landscape
Allcargo Group, an Indian born global logistics conglomerate, has completed 30 glorious years serving the nation and empowering customers’ domestic and international supply chains with integrated logistics solutions.
A Legacy of Excellence
Since its inception in 1994 by Mr Shashi Kiran Shetty, Founder and Chairman, the Allcargo Group has grown from a cargo handling operator in JN Port to a global logistics powerhouse with unmatched scale and diversified logistics service offerings. The Group is recognised for its innovation in service, commitment to sustainability and dedication to customer satisfaction.
Milestones and Achievements
Marking its 30-year journey, Allcargo Group reflects on several key milestones and achievements:
* Emerging as the global logistics powerhouse, Allcargo Group, through its wholly-owned subsidiary ECU Worldwide, offers International Supply Chain (ISC) services across 180 countries. It operates a network of over 300 offices, reaching out to 530 destinations via 2,400 direct trade lanes.
* 15 successful acquisitions include the strategic addition of Allcargo Gati, which enhances the Express distribution and supply chain business in India.
* ECU Worldwide relaunched ECU360 in 2017, an advanced digital booking platform that offers a customer-focused logistics experience. With ECU360, users can manage end-to-end shipping services globally at the click of a button, ensuring a seamless and efficient process from booking to delivery.
* The Allcargo Group committed to achieving carbon neutrality by 2040, as detailed in ESG report titled “Navigating the Green Horizon.” This commitment encompasses a broad range of sustainable practices including alternative fuel vehicles and greener fuel partnerships.
* In 2023, post-demerger, Allcargo Group listed two new entities, Allcargo Terminals Limited and TransIndia Real Estate Limited, on Indian stock exchanges, marking a significant milestone in its strategic focus on specialised logistics and real estate operations.
* In 2023, Allcargo Group announced a strategic restructuring scheme. Under this scheme, the International Supply Chain (ISC) business will be demerged into Allcargo ECU Limited. Concurrently, the Express and Supply Chain business will be merged into Allcargo Logistics Limited, creating a more streamlined and efficient structure. This restructuring scheme is subject to approval of stock exchanges, shareholders, NCLT, and regulatory and ROC filings.
* With its four listed entities Allcargo Logistics Limited (BSE: 532749) (NSE: ALLCARGO), Allcargo Gati Limited (NSE: ACLGATI) (BSE: 532345), Allcargo Terminals Limited (BSE: 543954 NSE: ATL) and TransIndia Real Estate Limited (BSE: 543955 NSE: TREL), the Group is well poised for growth on the back of market opportunities and robust management capabilities.
Sustainable Value Creation
Allcargo Group maintains a steadfast commitment to its CSR initiatives, focusing on Health, Education, Environment, Women’s Empowerment, Sports, and Disaster Relief in alignment with the UN Sustainable Development Goals. Pursuing their ESG objectives, the Group aims to attain carbon neutrality and transition to 100% renewable energy across owned facilities by 2040. Additionally, as part of its diversity, inclusion and equity efforts, Allcargo Group has achieved a 33% female workforce.
Innovation and way forward
Allcargo Group is advancing with innovation to fortify operational resilience, enhance efficiency and solidify its market leadership. By leveraging cutting-edge technologies such as AI and IoT, and reinforcing data security measures, the Group is at the forefront of innovation. ECU Worldwide, its International Supply Chain (ISC) arm, has created the digital platform ECU 360. Additionally, the upcoming launch of Gati Enterprise Management System (GEMS) 2.0 promises to revolutionise seamless logistics service delivery.
Reflecting on this remarkable journey, Mr Shashi Kiran Shetty, Founder and Chairman of Allcargo Group, stated, “At Allcargo Group, our vision is to achieve unparalleled market leadership by serving our stakeholders with ingenuity and excellence. Our mission is to remain customer-centric and proactive, creating digitally-enabled, well-governed logistics magic worldwide. Together, we are dedicated to setting new standards and delivering exceptional value in the global logistics industry. Over the past three decades, we have navigated numerous developments and seized diverse growth opportunities, establishing ourselves as an integrated logistics leader in India and globally. Now, our next-generation leaders, including Vaishnav Shetty and Shloka Shetty, are poised to propel Allcargo Group to new heights. We continue to rely on steadfast support from all stakeholders to drive positive impact and accelerate growth as we progress together with India”.
As India’s first home-grown global logistics conglomerate, Allcargo Group aims to further strengthen its operations and distribution network keeping customer interest and sustainability in sharp focus and power India’s global logistics ambitions, it emphasised in a communique.
Source: Exim News Service: Mumbai, July 4