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Avashya Foundation undertakes a Tree Plantation drive in Karnataka

 

Mumbai, July 11, 2016: Allcargo Logistics, India’s leading integrated logistics provider, through its NGO Avashya Foundation in association with Grow-Trees.com, the exclusive Indian Planting Partner for United Nation’s Environment Program (UNEP) has undertaken a noble cause of tree plantation at Chintamani, Karnataka. Under this activity Grow-Trees.com will plant 2857 trees in Chintamani area on behalf of ECU Worldwide – Allcargo’s international subsidiary that was recently re-branded.

This initiative also forms a part of project Maitree, Avashya Foundation’s unique environment sustainability and conservation program launched in January 2016.

This activity will benefit nearly 40 villages in and around Chintamani, Karnataka, since trees are not just a life support but also a livelihood for many families.

In 2015, Avashya Foundation has planted over 103000 trees as a part of environmental sustainability program. By planting and nurturing trees Avashya foundation aims to provide opportunities for villagers to earn additional income. 

 Commenting on the tree plantation drive, Ms. Arathi Shetty – Director of Allcargo and Avashya Foundation said: “We, believe in protecting the environment and work for the upliftment of the rural communities. To achieve this, we are proud to associate with Grow-Trees for a tree plantation drive. These initiatives go beyond philanthropy; discovering ingenious ways to give back to the society that make the world a better place to live and to focus on bringing inclusive development which contribute towards the realization of our social duties.”

About Allcargo Logistics Ltd:

Allcargo Logistics Ltd., is a global leader in integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).

Under the Avashya Foundation an NGO of the Avvashya Group, Allcargo also supports numerous Corporate Social Responsibility (CSR) initiatives, focusing on Natural Disaster Relief, Health Care, Education, Women Empowerment, Sports and Environmental Sustainability.

 

Mumbai, June 30, 2016: Allcargo Logistics Ltd, India’s leading integrated logistics provider and a part of the Avvashya group, today announced that Mr. Adarsh Hegde has been elevated as the Joint Managing Director with effect from 1st July, 2016.

Mr. Hegde has been with the company since its inception in 1993 and has played a pivotal role in Allcargo's growth story. His astute business sense and innovative methods have been instrumental in generating exponential growth opportunities for the Container Freight Station as well as to other businesses in India and internationally. 

Commenting on the appointment Mr. Shashi Kiran Shetty, Founder & Chairman, Allcargo Logistics Ltd said:Adarsh’s  aptitude and contributions have been invaluable to the Allcargo growth journey. Adarsh espouses a hands-on management style and is greatly respected for his people management skills, simplicity and industry wide relationships. We are sure that in the new role he will work with me more than ever before in the future growth of our business. We wish him  well in his new position and success in his new role.” 

As the Joint Managing Director at AllCargo Logistics, Mr. Hegde will oversee the business  of CFS&ICD, Project Forwarding & Engineering solutions, E-Commerce Logistics, coastal Shipping, and Contract Logistics.  In these areas, he will be responsible for crafting business strategy, developing strong leadership team and supporting initiatives to accelerate profitable growth.  In addition, Mr. Hegde will continue to play a key  role in overall group governance and business development.

Mumbai, June 13, 2016: Allcargo Logistics Ltd, India’s leading integrated logistics provider, listed
on BSE & NSE and part of the global conglomerate Avvashya Group, is proud to introduce the
first ever direct LCL service to Mangalore under its Non Vessel operating common carrier
(NVOCC) division. Allcargo names the frequency ‘Made to Call’.
Vessel named Godavari departed from Colombo on 2nd June and is slated to reach Mangalore
on 4th June which makes Allcargo the first mover in trade to cut down the route time to
Mangalore. Usually, LCL consolidators adopt a longer route by brining the shipment to Chennai
and then transferring it to the Inland Container Depots (ICD) in Bangalore from where the
customer collects his cargo and carries it to Mangalore via road. The entire procedure is very
time consuming. The new service of ‘Made to Call’ to Mangalore will benefit our clients and save
lot of time
Congratulating the organization and the industry, Chairman Mr. Shashi Kiran Shetty said, “It is
as if I have realized a dream, since we have seen our organization grow, I had an ardent desire
that Mangalore, my beloved hometown makes its mark on the map of Allcargo, and I am sure it
is just the beginning for Mangalore.
Shantha Martin, CEO – Indian Sub Continent, Middle East , Africa and East Med added, “I am
proud of my team, and we owe our success to each and every member of our team,….it is
through our team that we are where we are and extend my appreciation to the trade for being
very fast to subscribe to this service which is beneficial to them and their customers by reducing
the transit time and making it cost economical.”
Mr. Hareram, Sr. Vice President, also said that, “Mangalore is a chief port city on the west coast
of India and Indian government’s initiatives to strengthen maritime trade and develop port cities
through Sagarmala Project will see huge developments in Mangalore city”.
Allcargo’s Multimodal Transport Operations (MTO) segment involves NVOCC operations related
to LCL consolidation and Full Container Load (FCL) forwarding activities in India and across the
world through its wholly owned subsidiary ECU Worldwide. With a presence in over 160
countries and 300+ offices Allcargo is the global leader in NVOCC business with a strong network
covering over 4,000 port pairs across the world.
About Allcargo Logistics Ltd:
Allcargo Logistics Ltd., part of The Avvashya Group, is the leading integrated logistics solutions
provider in India. The company offers specialized logistics services across Multimodal Transport
Operations, Container Freight Station Operations, Coastal Shipping services with 5 owned and
operated ships and Project & Engineering Solutions. Benchmarked quality standards,
standardized processes and operation excellence across all the services and facilities, have
enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. Allcargo is
today one of India's largest publicly owned logistics companies, listed on the Bombay Stock
Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).
For more information
Divya Sheth
Adfactors PR
divya.sheth

Mumbai, June 27, 2016: Allcargo Logistics Ltd, India’s leading integrated logistics provider and a part of the Avvashya group, is proud to associate with the unique initiative of ET Edge, The Economic Times Supply Chain Management & Logistics Summit 2016 (ET SCM) by sponsoring the prestigious event for the third consecutive year. The Summit was held on Friday, 24th June 2016 at The Leela, Mumbai.

The programme brought the who’s who of the corporate world together from various industries to deliberate & discuss on the current challenges and future of supply chain in India. The summit progressed through a series of panel discussions, conferences & interactions on topics pertaining to the supply chain in India. Allcargo Logistics Founder and Chairman, Shashi Kiran Shetty was one of the panelists for the discussion on ‘Developing an Integrated Supply Chain: Agile and Future ready’.

Mr. Shashi Kiran Shetty, Founder & Chairman of Allcargo Logistics Ltd said:It is a privilege to be a part of such a great initiative launched by ET Edge. The summit brought together industry tycoons and government experts on one platform which provided a platform to partner and explore various business opportunities. We are delighted to partner with the ET SCM as it gives an opportunity and vision to next level of growth that India is witnessing.

We at Allcargo, understand the importance of efficient supply chain and hence we ensure that our customers experience efficient supply chain management services with the promise of on-time delivery.” added Mr. Shetty

Allcargo’s supply chain management systems are capable of constantly evolving, adapting and aligning towards customer’s business goals. Allcargo’s warehouses are equipped with State-of-the-art facility design, best-in-class equipment, strong IT infrastructure, supply chain business process integration; temperature managed warehousing, strict safety and environment regulations, etc.

About Allcargo Logistics Ltd:

Allcargo Logistics Ltd., part of The Avvashya Group, is the leading integrated logistics solutions provider in India. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations, Coastal Shipping services with 5 owned and operated ships and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).

 

For further information, please contact:

Divya Sheth

Adfactors PR

divya.sheth@adfactorspr.com | +91 9619105533

 

Mumbai May 2, 2016 – Allcargo Logistics Ltd, India’s leading integrated logistics solution
provider today announced the rebranding of its global subsidiaries, ECU Line, Econocaribe and
China Consolidators to ‘ECU Worldwide’ with the tagline ‘Geography Simplified’.
Allcargo Logistics Founder and Chairman Shashi Kiran Shetty said: “The name ECU-Worldwide
heralds the start of a new chapter. This is in line with our vision to become a USD 2 billion
revenue organization by the year 2020. This will propel us to constantly raise the bar and create
a dynamic and exciting transformation for our organization.
The new name signifies more than just a rebranding of our group companies. It provides us with
the impetus to deliver more, create new products and proactively propose solutions to surpass
client’s expectations to help achieve our ambitious growth targets.” added Mr. Shetty.
The main objective is to change the perception of the company from being just a shipping line
player to being an integrated ‘logistics solution provider’. The tagline ‘Geography Simplified’ too
shows a more product agnostic approach and compliments the group’s key advantage of
undisputed presence through a comprehensive network of 300+ offices located in 160+
countries.
The re-branding aims to achieve one global brand keeping in mind that the companies operate
under different brands in USA, Shanghai and UK. To address ever-changing business demands
from a global network of customers and to bridge the gap between diverse geographies, the
company has decided to close knit its network and to adopt a new identity: ECU WORLDWIDE.
ECU Line, one of the global leaders in providing LCL services was acquired by Allcargo Logistics in
2006. Whereas, Econocaribe one of the largest Non-Vessel Operating Common Carriers (NVOCC)
in the USA officially became a part of ECU Line’s global family in 2013.

 

KEY BUSINESSES DEMONSTRATE STRONG PROFITABLE GROWTH

IN THE FULL YEAR

 

CONSOLIDATED REVENUE FROM OPERATIONS AT RS 5,688 CRORE

 

GROSS PROFIT AT RS 1,876 CRORE – YOY INCREASE OF 11%

 

CONSOLIDATED NORMALIZED EBITDA (ADJUSTING FOR ONE TIME EXPENSES)

MAINTAINED AT RS 536 CRORE – YOY INCREASE OF 13%

 

NORMALIZED EBITDA MARGIN AT 9.4% - YOY INCREASE OF OVER 95 BPS

 

FOCUS ON CONSERVATIVE CAPITAL STRUCTURE – YOY INCREASE OF

16% IN NETWORTH; 36% DECLINE IN NET DEBT

 

BOARD APPROVES THE ACQUISITION OF CONTROLLING STAKE (61.13%) IN AVVASHYA CCI LOGISTICS PVT LTD (ACCI), JOINTLY WITH HCL 100% SUBSIDIARY OF THE COMPANY – ACCI IS ONE OF THE MARKET LEADERS IN CONTRACT LOGISITICS

 

May 20, 2016, Mumbai:   Allcargo Logistics Ltd. today announced its audited financial results for the quarter and year ended March 31, 2016.

 

The performance highlights are:

Consolidated Results – Q4 FY16

  • Total revenue from operations at Rs. 1,402.0 crore for the quarter ended March 31, 2016, as compared to Rs. 1,413.1 crore for the corresponding previous period, a decrease of 1%, mainly on account of lowering freight rates  
    • 83% of the revenues are from the global MTO business

 

  • The Gross Profit for the quarter ended March 31, 2016 was Rs 482.8 crore, as against Rs. 419.1 crore for the corresponding previous period, year on year growth of 15%, mainly on account of higher operating efficiencies and economies of scale
  • The Gross Profit margin for the quarter improved due to higher utilization, operational efficiencies and process excellence

 

  • EBITDA for the quarter ended March 31, 2016 was Rs. 125.4 crore as against Rs. 106.7 crore during the corresponding previous period, an increase of 18%, this was mainly on account of better capacity utilization and higher operating efficiencies

 

  • PAT at Rs. 69.1 crore for the quarter ended March 31, 2016, as against Rs 55.5 crore for the corresponding previous period, a jump of 25%

 

  • EPS for the quarter ended March 31, 2016 was Rs 2.74, for a face value of Rs. 2 per share, an increase of 25%

 

Consolidated Results –FY16

  • Total revenue from operations at Rs. 5,687.9 crore for the year ended March 31, 2016, as against Rs. 5,628.8 crore for the corresponding previous period, an increase of 1%, mainly on account of increase in volumes, despite continued lowering freight rates and notional currency impact

 

  • The Gross Profit for the year ended March 31, 2016 was Rs 1,875.6 crore, as against Rs. 1,690.8 crore for the corresponding previous period, year on year growth of 11%, mainly on account of better productivity, improved efficiencies and process excellence

 

  • The Gross Profit margin for the year increased to 33%

 

  • The Normalized EBITDA, after adjusting for onetime expenses, was Rs. 536.0 crore for the year ended March 31, 2016, as against Rs. 475.4 for the corresponding previous period, an increase of 13%. All the businesses have contributed to the growth in EBIDTA

 

  • The Normalized EBITDA margin for the year was 9.4%, a rise of nearly 100 basis points

 

  • PAT at Rs. 278.3 crore for the year ended March 31, 2016, as against Rs. 239.9 crore for the corresponding previous period, an increase of 16%, mainly on account of reduced interest cost

 

  • The Consolidated Return on Capital Employed (ROCE), without goodwill, was at 21%, as compared to 19% in FY15

 

  • EPS for the year ended March 31, 2016 was Rs 11.04, for a face value of Rs. 2 per share, as against Rs 9.52 in FY15

 

Resources and Liquidity:

As on March 31, 2016, the Networth increased by 16% to Rs. 2,206 crore and the Net Debt decreased by 36%              to Rs. 269 crore.

The net debt to equity ratio of the Company declined to 0.12 as on March 31, 2016, as compared to 0.22 as on March 31, 2015.

 

Business Performance:

Allcargo operates primarily in three segments, viz., Multimodal Transport Operations, Container Freight Stations Operations and Project & Engineering Solutions. These are consolidated business segments.

 

 

 

Multimodal Transport Operations (MTO):

 

  • MTO segment involves NVOCC (Non Vessel Owning Common Carrier) operations related to LCL (Less than container load) consolidation and FCL (Full container load) forwarding activities in India and across the world through its wholly owned subsidiary ECU Line

 

  • Allcargo is the leading player in global LCL consolidation market with a strong network across 164 countries and 300 plus offices covering over 4,000 port pairs across the world

 

  • The business clocked total volumes of 1,12,593 TEUs for the quarter ended March 31, 2016 as against 1,04,128 TEUs for the corresponding previous period, an increase of 8%, despite reducing freight rates due to excess capacity of shipping lines and continued decline in global trade.  China, India, parts of South East Asia and Europe contributed to the increase in volumes

 

  • The total revenue for the quarter ended March 31, 2016 was Rs 1,191 crore as against Rs 1,183 crore for the corresponding previous period, an increase of 1%, mainly on account of volume enhancement, this is despite lowering freight and notional currency impact arising from consolidation of accounts

 

  • EBIT was Rs. 62 crore for the quarter ended March 31, 2016, as against Rs. 22 crore for the corresponding previous period. This increase was driven by higher operating efficiencies and economies of scale

 

  • The Return on Capital (ROCE) employed for this business (excluding goodwill) increased to 61%, as compared to 50% in FY15

 

 

Container Freight Stations (CFS) / Inland Container Depot (ICD) Operations:

 

  • This segment operations are involved in import / export cargo stuffing, de-stuffing, customs clearance and other related ancillary services to both, importers and exporters

 

  • The CFS facilities are located near JNPT, Chennai and Mundra ports

 

  • The total capacity of the CFSs and ICDs at the end of March 31, 2016 is 5,73,000 TEUs per annum

 

  • The business clocked total volumes of 74,751 TEUs for the quarter ended March 31, 2016 as against 72,664 TEUs for the corresponding previous period, an increase of 3%, despite stagnant trade volume

 

  • The total revenue for the quarter ended March 31, 2016 was Rs 107 crore as against Rs 105 crore for the corresponding previous period, an increase of 2%

 

  • EBIT was Rs. 30 crore for the quarter ended March 31, 2016, as against Rs. 29 crore the corresponding previous period, an increase of 4%

 

  • The Return on Capital (ROCE) employed for this business (excluding goodwill) for this business increased to 38%, from 30% in FY15

 

 

Project & Engineering Solutions (P&E):

 

  • Project & Engineering Solutions segment provides integrated end-to-end project, engineering and logistic services through a diverse fleet of owned / rented special equipment like hydraulic axles, cranes, barges, reach-stackers and ships to carry ODC / OWC cargos as well as project engineering solutions across various sectors

 

  • The total revenue for the quarter ended March 31, 2016, was Rs. 128 crore as against Rs. 152 crore for the corresponding previous period, a decline of 16%

 

  • EBIT was at Rs. 19 crore for the quarter ended March 31, 2016, as against Rs. 30 crore for the corresponding previous period, a decline of 27% after adjusting for derivative gains

 

  • The Return on Capital (ROCE) employed for this business was at 9%

 

Recent Developments – Q4 FY16

 

  • In view of 100% interim dividend and 1:1 Bonus declared in financial year 2015-16, the Board of Directors have not recommended any final dividend to the shareholders for the financial year 2015-16. Second interim dividend of Re 1/- per share was declared on the enhanced capital post bonus issue in 1:1      

 

  • The Board granted its approval to sale and transfer company’s Contract Logistics Business to Avvashya CCI Logistics Private Limited (ACCI) (formerly known as CCI Integrated Logistics Private Limited) as a going concern on a slump sale basis for a total consideration of Rs.19.62 crore, as determined by the independent valuer. The sales consideration shall be discharged by ACCI by issue of equity shares resulting to the extent of to 6.63% of the expanded capital

       

  • The Board of Hindustan Cargo Limited, a wholly owned subsidiary of the Company, granted its approval to sale and transfer company’s Freight Forwarding Business to Avvashya CCI Logistics Private Limited (ACCI) as a going concern on a slump sale basis for a total consideration of Rs.31.29 Crore, as determined by the independent valuer. The sales consideration shall be discharged by ACCI by issue of further equity shares resulting to 10.57% of the expanded capital

 

  • In order to gain controlling stake of ACCI, the Board of Directors further approved acquisition of additional 43.93% stake from the promoter shareholders of ACCI for an aggregate consideration of Rs.130 Crore, as determined by the independent valuer

 

  • Post acquisition, the Company will hold 61.13% stake in ACCI

 

  • ACCI acquisition is a step taken to capture the fast growing contract logistics business dealing with e-commerce and auto chemicals sector. This will emerge as a significant contributor to the revenue and will further help to scale the business

  

  • The Company undertook a major rebranding exercise of its global subsidiaries ECU-Line and Econocaribe. Both ECU-Line and Econocaribe will be known as ECU Worlwide, with a new tagline ‘Geography Simplified’ starting May 2nd, 2016. The new identity will redefine brand experience for the company’s stakeholders across the globe following the integration of new services, technology, global best practices and professional expertise

 

  • The Shareholders of the Company approved raising of fund upto Rs.300 crore by issue of Secured Non-Convertible Redeemable Debentures on private placement basis

 

 

Stock Market Highlights – General Information and Shareholding Pattern as on March 31, 2016:

 

Particulars

 

Exchange Code

BSE: ALLCARGO / NSE: ALLCARGO

No. of Shares Outstanding

25,20,95,524

Closing Market Price (Rs.)1

157.30             

Market Capitalization (Rs. Crore)1

3,965

 

1BSE stock exchange as on May 20, 2016, market capitalization adjusted for bonus shares

               

Particulars

No of shares

% Holding

Promoters

17,62,68,640

69.9%

Foreign Investors – FIIs, FCs, NRIs and others

6,41,58,094

25.4%

Domestic institutions/ Banks/ Mutual Funds

3,10,477

0.1%

Indian Public

1,13,58,313

4.5%

Total  - 20,819 shareholders

25,20,95,524

100.0%

 

 

 

About Allcargo Logistics Limited

Allcargo Logistics Ltd., part of The Avvashya Group, is a global leader in integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.

 

The company currently operates out of 300 plus offices in 164 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).

 

 

Caution Concerning Forward-Looking Statements: This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors.  Allcargo Logistics Limited is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Savli Mangle, Vice President – IR

Allcargo Logistics Ltd

Email: savli.mangle@allcargologistics.com  

Sharad Jain, Senior Analyst – IR

Allcargo Logistics Ltd

Email: sharad.jain@allcargologistics.com  

 

                       

 

 

 

 

ALLCARGO LOGISTICS LIMITED

Avvashya House, CST Road, Kalina, Santacruz (E), Mumbai – 400 098, India

Tele: +91 22 6679 8100 Fax: +91 22 6679 8195 Website: http://www.allcargologistics.com/  

 

 

EARNINGS RELEASE

 

KEY BUSINESSES DEMONSTRATE STRONG PROFITABLE GROWTH

IN THE FULL YEAR

 

CONSOLIDATED REVENUE FROM OPERATIONS AT RS 5,688 CRORE

 

GROSS PROFIT AT RS 1,876 CRORE – YOY INCREASE OF 11%

 

CONSOLIDATED NORMALIZED EBITDA (ADJUSTING FOR ONE TIME EXPENSES)

MAINTAINED AT RS 536 CRORE – YOY INCREASE OF 13%

 

NORMALIZED EBITDA MARGIN AT 9.4% - YOY INCREASE OF OVER 95 BPS

 

FOCUS ON CONSERVATIVE CAPITAL STRUCTURE – YOY INCREASE OF

16% IN NETWORTH; 36% DECLINE IN NET DEBT

 

BOARD APPROVES THE ACQUISITION OF CONTROLLING STAKE (61.13%) IN AVVASHYA CCI LOGISTICS PVT LTD (ACCI), JOINTLY WITH HCL 100% SUBSIDIARY OF THE COMPANY – ACCI IS ONE OF THE MARKET LEADERS IN CONTRACT LOGISITICS

 

May 20, 2016, Mumbai:   Allcargo Logistics Ltd. today announced its audited financial results for the quarter and year ended March 31, 2016.

 

The performance highlights are:

Consolidated Results – Q4 FY16

  • Total revenue from operations at Rs. 1,402.0 crore for the quarter ended March 31, 2016, as compared to Rs. 1,413.1 crore for the corresponding previous period, a decrease of 1%, mainly on account of lowering freight rates  
    • 83% of the revenues are from the global MTO business

 

  • The Gross Profit for the quarter ended March 31, 2016 was Rs 482.8 crore, as against Rs. 419.1 crore for the corresponding previous period, year on year growth of 15%, mainly on account of higher operating efficiencies and economies of scale
  • The Gross Profit margin for the quarter improved due to higher utilization, operational efficiencies and process excellence

 

  • EBITDA for the quarter ended March 31, 2016 was Rs. 125.4 crore as against Rs. 106.7 crore during the corresponding previous period, an increase of 18%, this was mainly on account of better capacity utilization and higher operating efficiencies

 

  • PAT at Rs. 69.1 crore for the quarter ended March 31, 2016, as against Rs 55.5 crore for the corresponding previous period, a jump of 25%

 

  • EPS for the quarter ended March 31, 2016 was Rs 2.74, for a face value of Rs. 2 per share, an increase of 25%

 

Consolidated Results –FY16

  • Total revenue from operations at Rs. 5,687.9 crore for the year ended March 31, 2016, as against Rs. 5,628.8 crore for the corresponding previous period, an increase of 1%, mainly on account of increase in volumes, despite continued lowering freight rates and notional currency impact

 

  • The Gross Profit for the year ended March 31, 2016 was Rs 1,875.6 crore, as against Rs. 1,690.8 crore for the corresponding previous period, year on year growth of 11%, mainly on account of better productivity, improved efficiencies and process excellence

 

  • The Gross Profit margin for the year increased to 33%

 

  • The Normalized EBITDA, after adjusting for onetime expenses, was Rs. 536.0 crore for the year ended March 31, 2016, as against Rs. 475.4 for the corresponding previous period, an increase of 13%. All the businesses have contributed to the growth in EBIDTA

 

  • The Normalized EBITDA margin for the year was 9.4%, a rise of nearly 100 basis points

 

  • PAT at Rs. 278.3 crore for the year ended March 31, 2016, as against Rs. 239.9 crore for the corresponding previous period, an increase of 16%, mainly on account of reduced interest cost

 

  • The Consolidated Return on Capital Employed (ROCE), without goodwill, was at 21%, as compared to 19% in FY15

 

  • EPS for the year ended March 31, 2016 was Rs 11.04, for a face value of Rs. 2 per share, as against Rs 9.52 in FY15

 

Resources and Liquidity:

As on March 31, 2016, the Networth increased by 16% to Rs. 2,206 crore and the Net Debt decreased by 36%              to Rs. 269 crore.

The net debt to equity ratio of the Company declined to 0.12 as on March 31, 2016, as compared to 0.22 as on March 31, 2015.

 

Business Performance:

Allcargo operates primarily in three segments, viz., Multimodal Transport Operations, Container Freight Stations Operations and Project & Engineering Solutions. These are consolidated business segments.

 

 

 

Multimodal Transport Operations (MTO):

 

  • MTO segment involves NVOCC (Non Vessel Owning Common Carrier) operations related to LCL (Less than container load) consolidation and FCL (Full container load) forwarding activities in India and across the world through its wholly owned subsidiary ECU Line

 

  • Allcargo is the leading player in global LCL consolidation market with a strong network across 164 countries and 300 plus offices covering over 4,000 port pairs across the world

 

  • The business clocked total volumes of 1,12,593 TEUs for the quarter ended March 31, 2016 as against 1,04,128 TEUs for the corresponding previous period, an increase of 8%, despite reducing freight rates due to excess capacity of shipping lines and continued decline in global trade.  China, India, parts of South East Asia and Europe contributed to the increase in volumes

 

  • The total revenue for the quarter ended March 31, 2016 was Rs 1,191 crore as against Rs 1,183 crore for the corresponding previous period, an increase of 1%, mainly on account of volume enhancement, this is despite lowering freight and notional currency impact arising from consolidation of accounts

 

  • EBIT was Rs. 62 crore for the quarter ended March 31, 2016, as against Rs. 22 crore for the corresponding previous period. This increase was driven by higher operating efficiencies and economies of scale

 

  • The Return on Capital (ROCE) employed for this business (excluding goodwill) increased to 61%, as compared to 50% in FY15

 

 

Container Freight Stations (CFS) / Inland Container Depot (ICD) Operations:

 

  • This segment operations are involved in import / export cargo stuffing, de-stuffing, customs clearance and other related ancillary services to both, importers and exporters

 

  • The CFS facilities are located near JNPT, Chennai and Mundra ports

 

  • The total capacity of the CFSs and ICDs at the end of March 31, 2016 is 5,73,000 TEUs per annum

 

  • The business clocked total volumes of 74,751 TEUs for the quarter ended March 31, 2016 as against 72,664 TEUs for the corresponding previous period, an increase of 3%, despite stagnant trade volume

 

  • The total revenue for the quarter ended March 31, 2016 was Rs 107 crore as against Rs 105 crore for the corresponding previous period, an increase of 2%

 

  • EBIT was Rs. 30 crore for the quarter ended March 31, 2016, as against Rs. 29 crore the corresponding previous period, an increase of 4%

 

  • The Return on Capital (ROCE) employed for this business (excluding goodwill) for this business increased to 38%, from 30% in FY15

 

 

Project & Engineering Solutions (P&E):

 

  • Project & Engineering Solutions segment provides integrated end-to-end project, engineering and logistic services through a diverse fleet of owned / rented special equipment like hydraulic axles, cranes, barges, reach-stackers and ships to carry ODC / OWC cargos as well as project engineering solutions across various sectors

 

  • The total revenue for the quarter ended March 31, 2016, was Rs. 128 crore as against Rs. 152 crore for the corresponding previous period, a decline of 16%

 

  • EBIT was at Rs. 19 crore for the quarter ended March 31, 2016, as against Rs. 30 crore for the corresponding previous period, a decline of 27% after adjusting for derivative gains

 

  • The Return on Capital (ROCE) employed for this business was at 9%

 

Recent Developments – Q4 FY16

 

  • In view of 100% interim dividend and 1:1 Bonus declared in financial year 2015-16, the Board of Directors have not recommended any final dividend to the shareholders for the financial year 2015-16. Second interim dividend of Re 1/- per share was declared on the enhanced capital post bonus issue in 1:1      

 

  • The Board granted its approval to sale and transfer company’s Contract Logistics Business to Avvashya CCI Logistics Private Limited (ACCI) (formerly known as CCI Integrated Logistics Private Limited) as a going concern on a slump sale basis for a total consideration of Rs.19.62 crore, as determined by the independent valuer. The sales consideration shall be discharged by ACCI by issue of equity shares resulting to the extent of to 6.63% of the expanded capital

       

  • The Board of Hindustan Cargo Limited, a wholly owned subsidiary of the Company, granted its approval to sale and transfer company’s Freight Forwarding Business to Avvashya CCI Logistics Private Limited (ACCI) as a going concern on a slump sale basis for a total consideration of Rs.31.29 Crore, as determined by the independent valuer. The sales consideration shall be discharged by ACCI by issue of further equity shares resulting to 10.57% of the expanded capital

 

  • In order to gain controlling stake of ACCI, the Board of Directors further approved acquisition of additional 43.93% stake from the promoter shareholders of ACCI for an aggregate consideration of Rs.130 Crore, as determined by the independent valuer

 

  • Post acquisition, the Company will hold 61.13% stake in ACCI

 

  • ACCI acquisition is a step taken to capture the fast growing contract logistics business dealing with e-commerce and auto chemicals sector. This will emerge as a significant contributor to the revenue and will further help to scale the business

  

  • The Company undertook a major rebranding exercise of its global subsidiaries ECU-Line and Econocaribe. Both ECU-Line and Econocaribe will be known as ECU Worlwide, with a new tagline ‘Geography Simplified’ starting May 2nd, 2016. The new identity will redefine brand experience for the company’s stakeholders across the globe following the integration of new services, technology, global best practices and professional expertise

 

  • The Shareholders of the Company approved raising of fund upto Rs.300 crore by issue of Secured Non-Convertible Redeemable Debentures on private placement basis

 

 

Stock Market Highlights – General Information and Shareholding Pattern as on March 31, 2016:

 

Particulars

 

Exchange Code

BSE: ALLCARGO / NSE: ALLCARGO

No. of Shares Outstanding

25,20,95,524

Closing Market Price (Rs.)1

157.30             

Market Capitalization (Rs. Crore)1

3,965

 

1BSE stock exchange as on May 20, 2016, market capitalization adjusted for bonus shares

               

Particulars

No of shares

% Holding

Promoters

17,62,68,640

69.9%

Foreign Investors – FIIs, FCs, NRIs and others

6,41,58,094

25.4%

Domestic institutions/ Banks/ Mutual Funds

3,10,477

0.1%

Indian Public

1,13,58,313

4.5%

Total  - 20,819 shareholders

25,20,95,524

100.0%

 

 

 

About Allcargo Logistics Limited

Allcargo Logistics Ltd., part of The Avvashya Group, is a global leader in integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.

 

The company currently operates out of 300 plus offices in 164 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).

 

 

Caution Concerning Forward-Looking Statements: This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors.  Allcargo Logistics Limited is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Savli Mangle, Vice President – IR

Allcargo Logistics Ltd

Email: savli.mangle@allcargologistics.com  

Sharad Jain, Senior Analyst – IR

Allcargo Logistics Ltd

Email: sharad.jain@allcargologistics.com  

 

Mumbai, November 23, 2015: The Founder and Chairman of Allcargo Logistics Ltd, Mr. Shashi Kiran Shetty was awarded the prestigious “Lifetime Contribution to Freight Award” at the Global Freight Awards 2015. The awards ceremony was held in London on 19th November 2015.

Now in its 19th year, the Global Freight Awards (formerly known as the IFW Awards) is a truly prestigious event, celebrating the expertise of one of the world’s most important industries. The awards are a vibrant celebration of the key players in the world of freight.

This award was presented to Mr. Shetty as recognition for his contribution to the well being of the logistics & freight industry. Spanning a marvelous career of over four decades, Mr. Shetty is the pioneer and a visionary who has taken Indian logistics industry to a global scale. Under his leadership today Allcargo is India's largest logistics company in the private sector listed on BSE & NSE. With presence in over 90 countries and over 200 offices globally, Allcargo is truly an Indian multinational whose consolidated revenues are expected to cross over USD 2 billion by 2020.

This award adds another "prestigious" feather to his cap after being conferred with the "Distinction of Commander of the Order of Leopold II" by the Royalty of Belgium and an "Honorary Doctorate" by Mangalore University in the recent past.

Speaking on the occasion Mr. Shetty said: "This is indeed another proud moment in my professional life. It is truly a privilege to be recognized amongst the global players in the freight and logistics industry. I am thankful for all the support given by my industry colleagues and mentors, without which I wouldn't have achieved this success. We, at Allcargo, will continue to make valuable contributions which will benefit the industry and all the stakeholders in the long run".

About Global Freight Awards – The award honors individuals and companies who have achieved high standards in the freight and logistics industry during the past year.

About Allcargo Logistics Ltd - Allcargo Logistics Ltd., part of The Avvashya Group, is a global leader in integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).


EARNINGS RELEASE

CONSOLIDATED TOTAL REVENUE FROM FOR THE YEAR AT RS 5,681 CRORE – YOY INCREASE OF 16%

83% OF REVENUE FROM GLOBAL MTO BUSINESS

CONSOLIDATED EBIDTA AT RS 528 CRORE – YOY INCREASE OF 23%

CONSOLIDATED PAT AT RS 240 CRORE – YOY INCREASE OF 61%

CONSERVATIVE CAPITAL STRUCTURE – NET DEBT TO EQUITY AT 0.22

EARNINGS PER SHARE AT 19.0 FOR A FACE VALUE OF RS 2 PER SHARE – YOY INCREASE OF 61%

BOARD RECOMMENDS FINAL DIVIDEND AT 70% i.e. RS 1.4 PER EQUITY SHARE. INTERIM DIVIDEND PAID AT 30% i.e. RS 0.6 PER EQUITY SHARE

May 21, 2015, Mumbai: Allcargo Logistics Ltd. today announced its audited financial results for the quarter and year ended March 31, 2015.

The performance highlights are:

Consolidated Results – Q4 FY15

  • Total revenue (including other income) at Rs. 1,434.2 crore for the quarter ended March 31, 2015, as against Rs. 1,286.5 crore for the corresponding previous period, an increase of 11%. This growth has been driven by all the businesses of MTO, CFS and P&E. 82% of the revenue is from the global MTO business
  • EBIDTA (including other income) at Rs. 125.0 crore for the quarter ended March 31, 2015, as against Rs. 101.3 crore for the corresponding previous period, an increase of 23%
  • EBIDTA margin for the quarter at 8.7% as against 7.9%, increase of 84 basis points
  • PAT at Rs. 55.5 crore for the quarter ended March 31, 2015, as against Rs. 11.5 crore for the corresponding previous period
  • EPS for the quarter ended March 31, 2015 was Rs 4.4, for a face value of Rs. 2 per share

Consolidated Results – FY15

  • Total revenue (including other income) at Rs. 5,681.4 crore for the year ended March 31, 2015, as against Rs. 4,887.7 crore for the corresponding previous period, an increase of 16%, mainly on account of increase revenues across all businesses of MTO, CFS and Project and Engineering. 83% of the revenue is from the global MTO business
  • EBIDTA (including other income) at Rs. 528.0 crore for the year ended March 31, 2015, as against Rs. 427.8 crore for the corresponding previous period, an increase of 23%
  • EBIDTA margin for the year at 9.3% as against 8.8%, increase of 54 basis points
  • PAT at Rs. 239.9 crore for the year ended March 31, 2015, as against Rs.149.3 crore for the corresponding previous period, an increase of 61%
  • EPS for the year ended March 31, 2015 was Rs 19.0, for a face value of Rs. 2 per share, an increase of 61%
  • The Board of Directors have recommended, subject to the shareholders’ approval, a final dividend @ 70% i.e. Rs. 1.4 per equity share of Rs. 2 each for the financial year ended March 31, 2015. An interim dividend @ 30% i.e. Rs. 0.6 per equity share had already been paid, making total dividend @ 100% Rs. 2.0 per equity share

Resources and Liquidity: As on March 31, 2015, the Networth stood at Rs. 1,908 crore and the Net Debt was at Rs. 421 crore. The net debt to equity ratio of the Company stood at 0.22 as on March 31, 2015.

Business Performance: Allcargo operates primarily in three segments, viz., Multimodal Transport Operations, Container Freight Stations Operations and Project & Engineering Solutions. These are consolidated business segments.

Multimodal Transport Operations (MTO):

  • MTO segment involves NVOCC (Non Vessel Owning Common Carrier) operations related to LCL (Less than container load) consolidation and FCL (Full container load) forwarding activities in India and across the world through its wholly owned subsidiary ECU Line
  • Allcargo is amongst the leading players in the global LCL consolidation market with a strong network across 90 plus countries and 200 plus offices covering over 4,000 port pairs across the world
  • The business clocked total volumes of 4,22,200 TEUs for the year ended March 31, 2015 as against 3,34,870 TEUs for the corresponding previous period, an increase of 26%
  • The total revenue for the year ended March 31, 2015 was Rs 4,774 crore as against Rs 4,149 crore for the corresponding previous period, an increase of 15%
  • EBIT was Rs. 190 crore for the year ended March 31, 2015, as against Rs. 156 crore for the corresponding previous period, an increase of 22%

Container Freight Stations (CFS) / Inland Container Depot (ICD) Operations:

  • This segment operations are involved in import / export cargo stuffing, de-stuffing, customs clearance and other related ancillary services to both, importers and exporters
  • The CFS facilities are located near JNPT, Chennai and Mundra ports
  • The total capacity of the CFSs and ICDs at the end of March 31, 2015 is 5,73,000 TEUs per annum
  • The business clocked total volumes of 2,12,472 TEUs for the year ended March 31, 2015 as against 1,86,598 TEUs for the corresponding previous period, an increase of 14%
  • The total revenue for the year ended March 31, 2015 was Rs 403 crore as against Rs 315 crore for the corresponding previous period, an increase of 28%
  • EBIT was Rs. 109 crore for the year ended March 31, 2015, as against Rs. 96 crore the corresponding previous period, an increase of 13%

Project & Engineering Solutions (P&E):

  • Project & Engineering Solutions segment provides integrated end-to-end project, engineering and logistic services through a diverse fleet of owned / rented special equipment like hydraulic axles, cranes, barges, reach-stackers and ships to carry ODC / OWC cargos as well as project engineering solutions across various sectors
  • The total revenue for the year ended March 31, 2015, was Rs. 530 crore as against Rs. 423 crore for the corresponding previous period, an increase of 25%
  • EBIT was Rs. 75 crore for the year ended March 31, 2015, as against Rs. 14 crore for the corresponding previous period

Recent Awards and Recognitions – FY15

  • Mr. Shashi Kiran Shetty, Chairman of Ecu-Line and Allcargo Logistics has been conferred the Distinction of Commander of the Order of Leopold II by HM King Philippe of Belgium. The decoration is awarded for his remarkable efforts in strengthening economic relations between India and Belgium, notably by creating a significant economic impact in the Antwerp Port by the activities of Ecu-Line and Allcargo Logistics
  • Awarded ‘Asia’s Most Promising Brand’ in the logistics space for 2013-14 by World Consulting & Research Corporation (WCRC), a leading brand consulting firm and KPMG India
  • Featured amongst ‘The Elite 100’ in a special 28th anniversary issue of ‘Dalal Street Investment Journal’, India’s oldest and leading investment magazine, June, 2014
  • Ranked at #209 - ‘Business World’ in the Top 500 companies across India list
  • ‘Business Leader of the Year’ – CHEMTECH’s Leadership & Excellence Awards 2014
  • ‘CFS Operator of the Year and Most Diversified Logistics Company of the Year’ - the Gujarat Star Awards, 2014
  • ‘LCL Consolidator of the Year’ – EXIM’s North India Multimodal Logistics Awards, 2014
  • Awarded as the ‘Best Service Provider’ by D P World Chennai Container Terminal for the second consecutive year
  • ‘Best CFS Operations’ – Indian Chamber of Commerce’s ICC Supply Chain and Logistics Excellence Awards, 2014
  • Best Project Logistics Company of the Year’ and Mr. Shashi Kiran Shetty felicitated with ‘Lifetime Achievement Award’ at the ‘8th Express Logistics & Supply Chain Conclave’
  • ‘Indian Logistics MNC of the Year’, ‘Project Cargo Mover of the Year’ and ‘Women Professional of the Year – Mrs. Shantha Martin’ at Maritime & Logistics Awards (MALA), 2014

Stock Market Highlights – General Information and Shareholding Pattern as on March 31, 2015:

Particulars  
Exchange Code BSE: ALLCARGO / NSE: ALLCARGO
No. of Shares Outstanding 12,60,47,762
Closing Market Price (Rs.)* 329.25
Market Capitalization (Rs. Crore)* 4,150
* As on May 21st, 2015
Particulars No of shares % Holding
Promoters 8,81,34,024 69.9%
Foreign Investors – FIIs, FCs, NRIs and others 3,21,61,321 25.5%
Domestic institutions/ Banks/ Mutual Funds 7,172 0.0%
Indian Public 57,45,245 4.6%
Total - 10,960 shareholders 12,60,47,762 100.0%

About Allcargo Logistics Limited
Allcargo Logistics Ltd., part of The Avvashya Group, is a leading multinational company providing integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.
The company currently operates out of 200 plus offices in 90 plus countries and gets supported by an even larger network of franchisee offices across the world. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).
Caution Concerning Forward-Looking Statements: This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. Allcargo Logistics Limited is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

Mumbai: 13 August, 2015 – 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.

India has over 7,000 km of coastline. Considering India’s demography and strategic location as a global trade hub, the coastline will play a major role in coastal shipping services which lead to efficient, cost effective and time saving mode of cargo transport. With the government increasing its focus on decongesting the exiting road and rail network, coastal shipping will play a pivotal role in India’s growing economy.

Allcargo specializes in moving bulk, break bulk, containerized and project cargo under its coastal shipping business. With many companies realizing the benefits of cargo movement through coastal route, Allcargo is well placed to lead the space and provide best in class services. Allcargo’s unique capability as an integrated logistics service provider is main reason it is a leader in the industry. Allcargo also specializes in NVOCC wherein it is the one of the largest LCL consolidators in the world. Allcargo is a leader CFS & ICD operations pan India with six world class facilities as well as a leader in the project logistics and equipment hiring space. Allcargo is also one of the fastest growing service providers in the contract logistics space. With these capabilities, Allcargo is well placed to provide an unparalleled coastal shipping service which adds value to its customers’ logistics requirements.

Speaking on the acquisition Founder & Chairman of Allcargo, Mr. Shashi Kiran Shetty said: “As an organisation, we believe that India’s economy will need a more efficient and time saving mode of transportation, to keep pace with its growth. Coastal Shipping is the solution for this opportunity. We are helping our customers to create logistics solutions through coastal shipping, making their cargo movement more seamless and cost effective”.

About Allcargo Logistics Ltd
As part of the Avvashya Group, Allcargo Logistics is a global leader in integrated logistics headquartered in India. Allcargo is India’s largest logistics company in the private sector listed on BSE & NSE. Its services comprise global Multimodal Transport Operations (NVOCC, LCL & FCL), pan India CFS/ICD operations, Project and Engineering Solutions (Project Logistics & Equipment Hiring Solutions), Ship Owning & Chartering and Contract Logistics services. Allcargo’s consolidated turnover as of March 2015 stood at INR 5,681/- crore.

EARNINGS RELEASE

CONSOLIDATED REVENUE FROM OPERATIONS AT RS 1,478 CRORE – YOY INCREASE OF 12%

CONSOLIDATED EBIDTA AT RS 137 CRORE – YOY INCREASE OF 16%

CONSOLIDATED PAT AT RS 75 CRORE – YOY INCREASE OF 53%

CONSERVATIVE CAPITAL STRUCTURE – NET DEBT TO EQUITY AT 0.16

EARNINGS PER SHARE AT 6.0 FOR A FACE VALUE OF RS 2 PER SHARE – YOY INCREASE OF 53%

August 10, 2015, Mumbai: Allcargo Logistics Ltd. today announced its un-audited financial results for the quarter ended June 30, 2015.

The performance highlights are:

Consolidated Results – Q1 FY16

  • Total revenue from operations at Rs. 1,477.9 crore for the quarter ended June 30, 2015, as against Rs. 1,320.9 crore for the corresponding previous period, an increase of 12%. This growth has been driven by all the businesses of MTO, CFS and P&E. 83% of the revenue is from the global MTO business
  • EBIDTA at Rs. 136.9 crore for the quarter ended June 30, 2015, as against Rs. 118.4 crore for the corresponding previous period, an increase of 16%
  • EBIDTA margin for the quarter at 9.3%, an increase of 3 basis points
  • PAT at Rs. 75.1 crore for the quarter ended June 30, 2015, as against Rs. 49.0 crore for the corresponding previous period, an increase of 53%
  • The Consolidated Return on Capital Employed (ROCE), without goodwill, increased to 23%, as compared to 19% in FY15
  • EPS for the quarter ended June 30, 2015 was Rs 6.0, for a face value of Rs. 2 per share, an increase of 53%

Resources and Liquidity: As on June 30, 2015, the Networth stood at Rs. 2,016 crore and the Net Debt was at Rs. 320 crore. The net debt to equity ratio of the Company stood at 0.16 as on June 30, 2015.

Business Performance: Allcargo operates primarily in three segments, viz., Multimodal Transport Operations, Container Freight Stations Operations and Project & Engineering Solutions. These are consolidated business segments.

Multimodal Transport Operations (MTO):

  • MTO segment involves NVOCC (Non Vessel Owning Common Carrier) operations related to LCL (Less than container load) consolidation and FCL (Full container load) forwarding activities in India and across the world through its wholly owned subsidiary ECU Line
  • Allcargo is amongst the leading players in the global LCL consolidation market with a strong network across 90 plus countries and 200 plus offices covering over 4,000 port pairs across the world
  • The business clocked total volumes of 1,13,410 TEUs for the quarter ended June 30, 2015 as against 1,01,937 TEUs for the corresponding previous period, an increase of 11%
  • The total revenue for the quarter ended June 30, 2015 was Rs 1,243 crore as against Rs 1,131 crore for the corresponding previous period, an increase of 10%
  • EBIT was Rs. 59 crore for the quarter ended June 30, 2015, as against Rs. 50 crore for the corresponding previous period, an increase of 18%
  • The Return on Capital (ROCE) employed for this business (excluding goodwill) increased to 65%, as compared to 49% in FY15

Container Freight Stations (CFS) / Inland Container Depot (ICD) Operations:

  • This segment operations are involved in import / export cargo stuffing, de-stuffing, customs clearance and other related ancillary services to both, importers and exporters
  • The CFS facilities are located near JNPT, Chennai and Mundra ports
  • The total capacity of the CFSs and ICDs at the end of June 30, 2015 is 5,73,000 TEUs per annum
  • The business clocked total volumes of 78,727 TEUs for the quarter ended June 30, 2015 as against 72,390 TEUs for the corresponding previous period, an increase of 8%. This volume include all 4 CFSs and 2 ICDs
  • The total revenue for the quarter ended June 30, 2015 was Rs 109 crore as against Rs 91 crore for the corresponding previous period, an increase of 21%, on account of increase in realizations and value added services
  • EBIT was Rs. 33 crore for the quarter ended June 30, 2015, as against Rs. 24 crore the corresponding previous period, an increase of 36%
  • The Return on Capital (ROCE) employed for this business increased to 37%, from 30% in FY15

Project & Engineering Solutions (P&E):

  • Project & Engineering Solutions segment provides integrated end-to-end project, engineering and logistic services through a diverse fleet of owned / rented special equipment like hydraulic axles, cranes, barges, reach-stackers and ships to carry ODC / OWC cargos as well as project engineering solutions across various sectors
  • The total revenue for the quarter ended June 30, 2015, was Rs. 143 crore as against Rs. 117 crore for the corresponding previous period, an increase of 22%
  • EBIT was Rs. 20 crore for the quarter ended June 30, 2015, as against Rs. 8 crore for the corresponding previous period, an increase of over 150%
  • The Return on Capital (ROCE) employed for this business increased to 10%, as compared to 9% in FY15

Recent Achievements / Developments – Q1FY16

  • In order to cater to the growing requirements of coastal shipping and also regional trade and commerce, the Company has, through its wholly owned subsidiary company Allcargo Shipping Co. Pvt. Ltd, acquired 2 Vessels aggregating 24000 DWT for its ship owning business, in July, 2015. With the addition of 2 Vessels, Allcargo Shipping Co. Pvt. Ltd. now owns 5 Vessels which are profitably deployed
  • Founder & Chairman, Mr. Shashi Kiran Shetty was been awarded an ‘Honorary Doctorate’ by Mangalore University. This doctorate was conferred on him for his immense contribution in the field of healthcare to the underprivileged in Mangalore through the CSR initiatives of Avvashya Foundation
    • Mr. Shetty is also an alumni of this esteemed University that has contributed to various aspects of education since 1980. Mr. Shetty received this honor at the convocation ceremony which was held yesterday. Mangalore University is a public institution in Karnataka. The event was facilitated by Professor Goverdhan Mehta - Vice Chancellor & Mr. K Byrappa and Governor of Karnataka - Vajubhai Rudabhai Vala
    • This adds another ‘prestigious’ feather to his cap after being conferred with the ‘Distinction of Commander of the Order of Leopold II’ by the Royalty of Belgium early this year in February
  • Allcargo recently announced the expansion of its senior leadership team through the addition of two industry veterans, Mr. Prakash Tulsiani as Chief Operating Officer and Executive Director and Mr. Martin Muller as Chief Commercial & Strategy of the Group. This announcement is in line with Allcargo’s strategy to consolidate its leadership team
    • Mr. Prakash Tulsiani will be responsible for Allcargo’s growth across its business verticals in India. Mr. Tulsiani is not a member of the Board of Directors of Allcargo. With degrees in Law and Commerce, Mr. Tulsiani is a Chartered Accountant and a Company Secretary. He brings with him over three decades of experience and expertise in scaling businesses and expanding services. He is known for his acumen and strategic foresight in the industry. Prior to joining Allcargo, Mr. Tulsiani was serving as the Managing Director of Gujarat Pipavav Port. Before Gujarat Pipavav Port he was with the A. P. Moller Maersk Group in several management positions between 1993 and 2005. He headed Gateway Terminals in Mumbai as COO from 2005-2009 and was instrumental in its success from project stage to commercial operations.
    • Mr. Mueller is a Swiss national. He started his career after graduation with a Master in Business Administration from the University of St Gallen, Switzerland. He was a former consultant of McKinsey & Company. He specializes in strategic growth of organizations with his experience across Europe, APAC, Middle East and other regions of the world. Martin comes with enriched experience in the logistics industry, having been associated for several years in serving companies like DHL Global Forwarding, Agility Global Integrated Logistics and other major global companies.
  • NVOCC division was honored with the LCL Consolidator of the Year award at the South East Cargo & Logistics Awards, 2015. The awards ceremony is a part of the Cargo Scope International Conference and Exhibition that recognizes and honors leading logistics players for nearly a decade. The most aspect is the Company has been honored with this award for the 6th consecutive year for consistent operational performance in bringing about customer satisfaction and thereby creating a positive brand impact

Stock Market Highlights – General Information and Shareholding Pattern as on June 30, 2015:

Particulars  
Exchange Code BSE: ALLCARGO / NSE: ALLCARGO
No. of Shares Outstanding 12,60,47,762
Closing Market Price (Rs.)* 326.55
Market Capitalization (Rs. Crore)* 4,116
* BSE stock exchange as on August 7, 2015
Particulars No of shares % Holding
Promoters 8,81,34,024 69.9%
Foreign Investors – FIIs, FCs, NRIs and others 3,19,73,271 25.4%
Domestic institutions/ Banks/ Mutual Funds 37,306 0.0%
Indian Public 59,03,161 4.7%
Total - 13,943 shareholders 12,60,47,762 100.0%

About Allcargo Logistics Limited
Allcargo Logistics Ltd., part of The Avvashya Group, is a global leader in integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.
The company currently operates out of 200 plus offices in 90 plus countries and gets supported by an even larger network of franchisee offices across the world. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).
Caution Concerning Forward-Looking Statements: This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. Allcargo Logistics Limited is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

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Introduces the Tagline ‘Geography Simplified’ to Compliment the Global Leadership and Extensive Presence ECU Line, one of the global leaders in NVOCC, a 100% subsidiary of Allcargo Logistics Ltd, today announced the global roll out of its new corporate brand identity ‘ECU Worldwide’ with the tagline ‘Geography Simplified’. ECU Worldwide Chairman Shashi Kiran Shetty said, ”The name ECU Worldwide heralds the start of a new chapter. Our new identity is committed to consistently creating value for customers by providing best-in-class services across continents. The integration of new services, technology, global best practices and professional expertise shall re-define the brand experience for our stakeholders.” “This is in line with our vision to become a USD 2 billion revenue organization by 2020, which propels us to constantly raise the bar and create a dynamic and exciting transformation for our organization,” added Mr. Shetty. The main objective behind rebranding is to change the perception of the company offering end-to-end services and a global player providing value-added services to the customers being an ‘integrated service provider’. The tagline ‘Geography Simplified’ too shows a more product agnostic approach complimenting the group’s undisputed presence through a comprehensive network of 300+ offices located in over 160+ countries. With the rebranding, ECU Worldwide will also deliver new offerings such as Full Container Load (FCL) and Air Freight. Its parent company Allcargo Logistics, leading integrated logistics player in India is listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
It is our duty to give back to the society what we take from it. 2016 began with the opening of Skill Development Centre by Allcargo Logistics with an aim to impart skills and training to financially challenged youngsters and enable them to support their livelihood. Batch of 50 students have successfully completed the course in Commercial Heavy Vehicle and Light Motor Vehicle category and are ready to take up opportunities suiting their skills. This centre is a small step towards many more remarkable results which are yet to come and deserves a name that truly signifies its essence. ‘Nipun’ which means skilled in Hindi is the most apt name to define the Skill Development Centre and the work it does to provide livelihood to the financially challenged youth from the drought-hit regions of Maharashtra. Total of 23 skills, including fork lift operations, warehouse management, Heavy Commercial and Light commercial Vehicles operation, are being provided at the state-of-art centre which provides residential facility to the students. Other facilities include yoga, volleyball court, chess board and TV for recreation. A library is soon to be set up which will contain books pertaining to the courses offered at the centre. From the batch of 50 students, 16 have been absorbed by Allcargo Logistics to work at the company’s various facilities. The rest have gone ahead to pursue career on their own. Based on the successful completion of the course, Allcargo Logistics has provided all the students with the licenses so they can pursue their career at any facility. CSR team of Allcargo Logistics identifies beneficiaries through a baseline survey and gram panchayat. Thanks to Nipun, the beneficiaries are now able to earn almost 50 percent more than what they wer earning before, thereby raising their standard of living. It is knows to us that there is a dearth of efficient drivers in the logistics industry. With ‘Nipun’ we will try our best the fill the gap and instill required skills to 800 beneficiaries in a year. With placement assistance and Allcargo Logistics’ partnership with transport associations, these beneficiaries will be ready to join the workforce and bridge the manpower deficit.
Executive Chairman speaks with Navbharat about his interests.

Publication Navbharat 22-Jun-2014

There is a paragadim shift in the philosophy of the new act

The Free Press Journal 01-Sep-2014

Publication: The Free Press Journal
Date: 29 Aug 2014
Edition: Mumbai
Page No.: 20

ET 500 - Ranks Allcargo Logistics at #206 as One of India's Top 500 Companies

Economics Times – ET50017-Sep-2014

India’s largest business daily ‘The Economic Times’ in its all India edition today, has featured its annual list of ET 500 companies across India’s corporate world.

ET has ranked Allcargo Logistics at # 206 (last year’s ranking was # 221) and has featured Allcargo as one of the top 10 companies across India that is poised to make it big in coming years.

The publication has also featured an exclusive interview of our Executive Chairman along with other corporate leaders, as part of today’s edition.

February 06 , 2016

Career Moves at Allcargo

Print Coverage:

Publication: The Economic Times
Date: 31st July 2015
Headline: Prakash Tulsiani names Allcargo COO
Edition: Mumbai
Page: 12

Prakash Tulsiani names Allcargo COO


Online Coverage:

Allcargo Logistics appoints Prakash Tulsiani as COO, Martin Muelleras as chief commercial & strategy officer
The Economic Times

Allcargo Logistics Thursday said it has appointed Prakash Tulsiani as its chief operating officer and Martin Mueller as the chief commercial and strategy officer.

Tulsiani, 53 was earlier the managing director of Gujarat Pipapav. He was also with the A P Moeller Maersk group in several management positions between 1995 and 2005. He headed Gateway Terminals in Mumbai as COO from 2005 to 2009.

Mueller, 45, is a Swiss national and a former consultant of McKinsey & Co. He has also been associated with companies such as DHL Global Forwarding and Agility Global Integrated Logistics.

economictimes.indiatimes.com/industry/transportation/shipping-/-transport/allcargo-logistics-appoints-prakash-tulsiani-as-coo-martin-muelleras-as-chief-commercial-strategy-officer/articleshow/48284751.cms


Prakash Tulsiani joins Allcargo Logistics
Mint

Allcargo, part of the Avvashya Group, said Tulsiani will be responsible for its growth across its business verticals in India

Allcargo Logistics Ltd on Thursday named Prakash Tulsiani, former managing director of Gujarat Pipavav Port Ltd, as its chief operating officer and executive director (operations).

The port-based logistics firm, part of the Avvashya Group, said Tulsiani will be responsible for Allcargo’s growth across its business verticals in India.

Tulsiani left Gujarat Pipavav on 31 May.

“With degrees in law and commerce, Tulsiani is a chartered accountant and a company secretary. He brings with him over three decades of experience and expertise in scaling businesses and expanding services,” Allcargo said in a statement.

Separately, Allcargo also appointed Swiss national Martin Mueller as the chief commercial and strategy officer of the group.

He will be in charge for developing a strategic growth road map for the organization globally and expanding its leadership in existing markets, the company said.

Mueller started his career after graduation with a Master in Business Administration from the University of St. Gallen, Switzerland. He was earlier a consultant with McKinsey & Co.

http://www.livemint.com/Companies/fmWvimctfxvLZCrkPZHzwI/Prakash-Tulsiani-joins-Allcargo-Logistics.html


Allcargo Logistics expands senior leadership team
MyIris

Allcargo Logistics 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," the company said.

Prakash Tulsiani (53) joined Allcargo Logistics as the chief operating officer and executive director (operations). He will be responsible for Allcargo's growth across its business verticals in India. Tulsiani is not a member of the board of directors of Allcargo.

Allcargo also appointed Martin Mueller as the chief commercial & strategy officer of the group. He will be in charge for developing a strategic growth roadmap for the organization globally and expand its leadership in existing markets.

Allcargo's founder & chairman, Shashi Kiran Shetty said, "At Allcargo we have always aimed at setting new standards and benchmarks of service quality as well as creating the best team of experienced professionals. This unique virtue of our organization has led to our global leadership in the logistics space and winning the trust of our valued customers. With Prakash & Martin joining our team, Allcargo will accelerate in bringing a new perspective to our business growth, globally and in India."

Shares of the company gained Rs 8.55, or 2.96%, to trade at Rs 297.10. The total volume of shares traded was 18,680 at the BSE (3.42 p.m., Thursday).

www.myiris.com/news/company-update/allcargo-logistics-expands-senior-leadership-team/20150730154950199


Prakash Tulsiani joins Allcargo Logistics
Rediff.com

Allcargo has appointed Swiss national Martin Mueller as the chief commercial and strategy officer. Mumbai: Allcargo Logistics Ltd on Thursday named Prakash Tulsiani, former managing director of Gujarat Pipavav Port Ltd, as its chief operating officer.

Shares of the company gained Rs 8.55, or 2.96%, to trade at Rs 297.10. The total volume of shares traded was 18,680 at the BSE (3.42 p.m., Thursday).

realtime.rediff.com/news/business/Prakash-Tulsiani-joins-Allcargo-Logistics/e295de9043f92534


Allcargo Logistics appoints as Chief Operating Officer
Port Wings

Allcargo Logistics appoints as Chief Operating Officer - Port Wings

Allcargo Logistics Ltd, the global leader in integrated logistics listed on NSE and BSE and part of the Avvashya Group, has announced the expansion of its senior leadership team through the addition of two industry veterans, Mr. Prakash Tulsiani and Mr. Martin Mueller.

According to a media statement from the company, this announcement is in line with Allcargo’s strategy to consolidate its leadership team.

Mr. Prakash Tulsiani (53) joins Allcargo Logistics as the Chief Operating Officer and Executive Director (Operations). He will be responsible for Allcargo’s growth across its business verticals in India. Mr. Tulsiani is not a member of the Board of Directors of Allcargo.

With degrees in Law and Commerce, Mr. Tulsiani is a Chartered Accountant and a Company Secretary. He brings with him over three decades of experience and expertise in scaling businesses and expanding services. He is known for his acumen and strategic foresight in the industry.

Prior to joining Allcargo, Mr. Tulsiani was serving as the Managing Director of Gujarat Pipavav Port. Before Gujarat Pipavav Port he was with the A. P. Moller Maersk Group in several management positions between 1993 and 2005. He headed Gateway Terminals in Mumbai as COO from 2005-2009 and was instrumental in its success from project stage to commercial operations.

Further strengthening the leadership team, Allcargo also appointed Mr. Martin Mueller as the Chief Commercial & Strategy Officer of the group. He will be in charge for developing a strategic growth roadmap for the organization globally and expand its leadership in existing markets.

Mr. Mueller

Mr. Mueller (45) is a Swiss national. He started his career after graduation with a Master in Business Administration from the University of St. Gallen, Switzerland. He was a former consultant of McKinsey & Company. He specializes in strategic growth of organizations with his experience across Europe, APAC, Middle East and other regions of the world.

Mr Martin comes with enriched experience in the logistics industry, having been associated for several years in serving companies like DHL Global Forwarding, Agility Global Integrated Logistics and other major global companies.

Speaking on the appointment, Mr. Shashi Kiran Shetty, Allcargo’s Founder & Chairman, said, “At Allcargo, we have always aimed at setting new standards and benchmarks of service quality as well as creating the best team of experienced professionals. This unique virtue of our organization has led to our global leadership in the logistics space and winning the trust of our valued customers.”

With Prakash and Martin joining our team, Allcargo will accelerate in bringing a new perspective to our business growth, globally and in India, added Mr Shetty.

www.portwings.in/logistics/allcargo-logistics-appoints-prakash-tulsiani-as-chief-operating-officer/


Allcargo Logistics expands its Senior Leadership Team
Maritime Gateway

Announces the appointment of Mr. Prakash Tulsiani as the Chief Operating Officer and Executive Director (Operations) and Mr. Martin Mueller as the Chief Commercial & Strategy Officer

Allcargo Logistics Ltd, the global leader in integrated logistics listed on NSE and BSE and part of the Avvashya Group, recently announced the expansion of its senior leadership team through the addition of two industry veterans, Mr. Prakash Tulsiani and Mr. Martin Muller. This announcement is in line with Allcargo’s strategy to consolidate its leadership team.

Mr. Prakash Tulsiani

Mr. Prakash Tulsiani (53) joins Allcargo Logistics as the Chief Operating Officer and Executive Director (Operations). He will be responsible for Allcargo’s growth across its business verticals in India. Mr. Tulsiani is not a member of the Board of Directors of Allcargo.

With degrees in Law and Commerce, Mr. Tulsiani is a Chartered Accountant and a Company Secretary. He brings with him over three decades of experience and expertise in scaling businesses and expanding services. He is known for his acumen and strategic foresight in the industry. Prior to joining Allcargo, Mr. Tulsiani was serving as the Managing Director of Gujarat Pipavav Port. Before Gujarat Pipavav Port he was with the A. P. Moller Maersk Group in several management positions between 1993 and 2005. He headed Gateway Terminals in Mumbai as COO from 2005-2009 and was instrumental in its success from project stage to commercial operations.

Further strengthening the leadership team, Allcargo also appointed Mr. Martin Mueller as the Chief Commercial & Strategy Officer of the group. He will be in charge for developing a strategic growth roadmap for the organization globally and expand its leadership in existing markets.

Mr. Mueller (45) is a Swiss national. He started his career after graduation with a Master in Business Administration from the University of St. Gallen, Switzerland. He was a former consultant of McKinsey & Company. He specializes in strategic growth of organizations with his experience across Europe, APAC, Middle East and other regions of the world. Martin comes with enriched experience in the logistics industry, having been associated for several years in serving companies like DHL Global Forwarding, Agility Global Integrated Logistics and other major global companies.

Speaking on the appointment, Allcargo’s Founder & Chairman Mr. Shashi Kiran Shetty said: “At Allcargo we have always aimed at setting new standards and benchmarks of service quality as well as creating the best team of experienced professionals. This unique virtue of our organization has led to our global leadership in the logistics space and winning the trust of our valued customers. With Prakash & Martin joining our team, Allcargo will accelerate in bringing a new perspective to our business growth, globally and in India”.

www.maritimegateway.com/mgw/index.php?option=com_content&view=article&id=965:allcargo-logistics-expands-its-senior-leadership-team&catid=34:rokstories


Allcargo Logistics appoints Prakash Tulsiani, Martin Muelleras
Bullfax

Allcargo Logistics Thursday said it has appointed Prakash Tulsiani as its chief operating officer and Martin Mueller as the chief commercial and strategy officer. Tulsiani, 53 was earlier the managing director of Gujarat Pipapav. He was also with the A P Moeller Maersk group in several management positions between 1995 and 2005. He headed Gateway Terminals in Mumbai as COO from 2005 to 2009. Mueller, 45, is a Swiss national and a former consultant of McKinsey & Co. He has also been associated with companies such as DHL Global Forwarding and Agility Global Integrated Logistics.

www.bullfax.com/?q=node-allcargo-logistics-appoints-prakash-tulsiani-martin-mue


Allcargo Logistics expands its Senior Leadership Team
NewsSuperfast

Announces the appointment of Mr. Prakash Tulsiani as the Chief Operating Officer and Executive Director (Operations) and Mr. Martin Mueller as the Chief Commercial & Strategy Officer.

Allcargo Logistics Ltd, the global leader in integrated logistics listed on NSE and BSE and part of the Avvashya Group, recently announced the expansion of its senior leadership team through the addition of two industry veterans, Mr. Prakash Tulsiani and Mr. Martin Muller. This announcement is in line with Allcargo’s strategy to consolidate its leadership team.

Mr. Prakash Tulsiani (53) joins Allcargo Logistics as the Chief Operating Officer and Executive Director (Operations). He will be responsible for Allcargo’s growth across its business verticals in India. Mr. Tulsiani is not a member of the Board of Directors of Allcargo.

With degrees in Law and Commerce, Mr. Tulsiani is a Chartered Accountant and a Company Secretary. He brings with him over three decades of experience and expertise in scaling businesses and expanding services. He is known for his acumen and strategic foresight in the industry. Prior to joining Allcargo, Mr. Tulsiani was serving as the Managing Director of Gujarat Pipavav Port. Before Gujarat Pipavav Port he was with the A. P. Moller Maersk Group in several management positions between 1993 and 2005. He headed Gateway Terminals in Mumbai as COO from 2005-2009 and was instrumental in its success from project stage to commercial operations.

Further strengthening the leadership team, Allcargo also appointed Mr. Martin Mueller as the Chief Commercial & Strategy Officer of the group. He will be in charge for developing a strategic growth roadmap for the organization globally and expand its leadership in existing markets.

Mr. Mueller (45) is a Swiss national. He started his career after graduation with a Master in Business Administration from the University of St. Gallen, Switzerland. He was a former consultant of McKinsey & Company. He specializes in strategic growth of organizations with his experience across Europe, APAC, Middle East and other regions of the world. Martin comes with enriched experience in the logistics industry, having been associated for several years in serving companies like DHL Global Forwarding, Agility Global Integrated Logistics and other major global companies.

Speaking on the appointment, Allcargo’s Founder & Chairman Mr. Shashi Kiran Shetty said: “At Allcargo we have always aimed at setting new standards and benchmarks of service quality as well as creating the best team of experienced professionals. This unique virtue of our organization has led to our global leadership in the logistics space and winning the trust of our valued customers. With Prakash & Martin joining our team, Allcargo will accelerate in bringing a new perspective to our business growth, globally and in India”.

newssuperfast.com/2015/07/30/allcargo-logistics-expands-its-senior-leadership-team/


Allcargo Logistics appoints Prakash Tulsiani as COO, Martin Muelleras as chief commercial & strategy officer
Newsfiber

Allcargo Logistics said it has appointed Prakash Tulsiani as its chief operating officer and Martin Mueller as the chief commercial and strategy officer.

www.newsfiber.com/p/s/h?v=E3GOH9Z6VnDU%3D+0gGtRABzXB4%3D


Allcargo Logistics appoints Prakash Tulsiani, Martin Muelleras
World Forum News

Allcargo Logistics Thursday said it has appointed Prakash Tulsiani as its chief operating officer and Martin Mueller as the chief commercial and strategy officer. Tulsiani, 53 was earlier the managing director of Gujarat Pipapav. He was also with the A P Moeller Maersk group in several management positions

worldforumnews.org/search/


PRAKASH TULSIANI JOINS ALLCARGO LOGISTICS
News United

Allcargo, part of the Avvashya Group, said Tulsiani will be responsible for its growth across its business verticals in India

www.newsunited.com/prakash-tulsiani-joins-allcargo-news/17654513/


Prakash Tulsiani joins Allcargo Logistics
Biz News

Allcargo, part of the Avvashya Group, said Tulsiani will be responsible for its growth across its business verticals in India

www.biznews.in/news/prakash-tulsiani-joins-allcargo-logistics


Prakash Tulsiani joins Allcargo Logistics
News Now

Allcargo, part of the Avvashya Group, said Tulsiani will be responsible for its growth across its business verticals in India

newsnow.in/news/prakash-tulsiani-joins-allcargo-logistics

Press Conference - Official Launch of IPTL & Singapore Slammers held in Singapore

Allcargo's Singapore Slammers kicked off its IPTL campaign on its home turf Singapore. We played our matches against Manila Mavericks and India Aces, which were broadcasted live across the world. It was also telecasted in the entire APAC region on Star Sports Network.

Commemorating the start of play in Singapore, a grand function was held which was attended by the entire Singapore Slammers team management, players and media across Singapore. Our Executive Chairman, Mr. Shashi Kiran Shetty was present along with all the players including World's No. 1 Women Tennis Player and our team's Champion Star Serena Williams and other players. This gathering was featured in Singapore's largest newspaper 'The Straits Times'.