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Logistics firm Allcargo Group is bullish on its business prospects and expects to grow at an average 15% annually, mainly driven by organic growth, Chairman Shashi Kiran Shetty has said

Spread over two million square feet and set up with an investment of Rs. 700 crore, the Park was inaugurated by Malur MLA KY Nanjegowda and Shashi Kiran Shetty, Chairman of Allcargo Logistics, along with Venkat Raja, the DC of Kolar district.

“If there is an opportunistic play, that was one of a kind, then definitely (we are open to acquire),” company’s chief digital officer Vaishnav Shetty told ET in an interview.

Avashya Foundation, the CSR arm of Allcargo Logistics, hosted Mango Mania, its annual mango festival at the Allcargo Logistics office in Mumbai on June 10, 2022 to celebrate the flavour, fragrance and taste of the king of the fruits. 

Allcargo Logistics and Vipla Foundation launch helpline for children with hearing deficiency

One big hurdle to gender neutrality is the still prevalent gender-bias in assigning roles to the employees. Women are still selected and employed in stereotyped roles, which are less productive and less rewarding, but more routine.

To organise 15 camps exclusively for truckers around Mumbai to build awareness for maintaining good vision for driving with safety

Allcargo Logistics and Gati-KWE are co-sponsors for the World Corporate Golf Challenge (WCGC) – one of the world’s leading corporate golf events and the biggest one in India.

Interacting with ETHRWorld, industry leaders from the logistics sector shared how their organisations are developing and implementing learning strategies and programmes for employees that meet their business needs.

The logistics player reported a consolidated net profit of Rs 228.01 crore in the quarter ended September 30, 2021, as against a net profit of Rs 57.25 crore in the same period last year.

Our Chairman, Mr. Shashi Kiran Shetty, shares thoughts on the digitalization of the logistics sector and the frequent changes that are making the industry more dynamic than ever before.

Talking with HRKatha, Indrani Chatterjee, group chief people officer, Allcargo Logistics, shares that the Company has been consciously exploring talent from other industries, such as pharma, telecom, FMCG, and consumer electricals. Chatterjee herself was hired from the consulting space!

Executives at some of these companies said the disruptions and additional costs may make new models costlier. The automotive industry, struggling with supply chain disruptions, will also be impacted if this problem continues, said industry experts.

The draft logistic policy has set ambitious targets. The Central/State govts and the logistics operators have a role to play in achieving them

ECU Worldwide’s advanced technical tools ensure that you never lose sight of your cargo. Book, trace and lot of features are just a click away for you. Customer convenience is the ultimate aim and it is achieved through easy information exchange.

Making logistics go truly end-to-end, across India and the globe

Allcargo’s strong Q4 show, robust prospects may raise delisting cost Synopsis

We have almost doubled our warehousing space across the country in the last three years

In this interview with India Seatrade, the Youth Icon in Logistics shares his insights on the future of the logistics sector, new-age technologies and their impact on supply chains, his preparation as a young leader in logistics, and more. 

The oxygen cylinders were transported in eight chartered flights from Shanghai, with Allcargo and ECU Worldwide responsible for arranging flights at origin in a period of high demand at short notice, landing rights permissions from the Chinese Civil Aviation Ministry in coordination with the Indian Embassy in Beijing, clearance at origin and destination and final delivery to site, entirely on a not-for-profit basis.
 

Our Chairman Mr. Shashi Kiran Shetty discusses Gati's expansion on CNBC-TV18

Focus on rail freight corridors and accelerated infra investments: Key takeaways from Budget 2021

In an exclusive interaction with Exim India, Mr Vaishnav Shetty, Executive Director, ECU Worldwide, talks about the company’s new initiatives to facilitate the cargo and logistics trade. 

India’s supply chain logistics resets - Interaction with CNBC-TV18

ETHRWorld interacted with industry leaders in the logistics sector to understand how they are approaching the month of performance appraisal, impact of the pandemic and the use of technology in facilitating the process of appraisal.

According to Deepal Shah, CFO of Allcargo Logistics Ltd, the growing competitiveness gap is currently the key issue for the logistics industry. Shah further emphasises the government should fast-track dedicated freight corridors and warehouse-related approval processes as those will be key in streamlining logistics transport.

Mr. Shashi Kiran Shetty, Chairman - Allcargo Logistics, ECU Worldwide and Gati, in an interview on CNBC TV18's CNBC Bazaar.

About 80% of the global trade by volume moves by sea. A backlog of this scale will leave a trail of devastation in its wake.

Deciphering the importance of organisational psychology

Companies in the logistics sector will also gain. “Proposals to boost operational contingencies of road infrastructure and build more economic corridors have the potential to increase efficiencies across the logistics ecosystem and simulate regional economies to encourage local entrepreneurial initiatives,” said Shashi Kiran Shetty, Chairman, Allcargo Logistics.

With the world getting ready for the Covid-19 vaccine, Unicef and the World Economic Forum (WEF) have signed a charter with 18 shipping, airlines and logistics companies to deliver the vaccine globally. Allcargo Logistics is the only Indian company to be in the list of global companies to sign the charter.

Express logistics solutions provider, Gati Ltd, now part of Allcargo Logstics Ltd post its acquisition, aims for a decentralised, asset-light approach to growth, catering to new and emerging opportunities as an end-to-end logistics solutions provider.

Adarsh Hegde takes over as MD of Allcargo Logistics firm Gati-KWE. Hegde will continue to be joint managing director of Allcargo Logistics. Allcargo Logistics today announced the appointment of Adarsh Hegde as the managing director of Gati-KWE, one of the key arms of the recently acquired Gati Ltd.

Mr. Shashi Kiran Shetty, Chairman, Allcargo Logistics and Gati, has been appointed by the Ministry of Education, Government of India, as the Chairman of the Society and Board of Governors (BoG) of the National Institute of Industrial Engineering (NITIE).

Allcargo Logistics, India's largest end-to-end integrated logistics service provider has rolled out the online booking faclity on its digital platform - ECU360 (the global logistics tool) now, in India. The entirely automated digital service will help mid-sized & small-sized freight forwarders and the CHAs in India to achieve speed and business growth with instant bookings, instant quotations and real-time pricing, says Allcargo.

Our Chairman Mr. Shashi Kiran Shetty abides by the belief that ‘An organisation should build effective work culture for growth’. Read his interview with BusinessToday to know how this piece of advice has guided him along his journey.

Our chairman Mr. Shashi Kiran Shetty, shares his thoughts on Allcargo Logistics and Gati collaborating to offer seamless logistics services to customers on INSIGHTS, by Maritime Gateway.

We’re delighted to announce that we were felicitated at the 10th CII National HR Excellence Awards (2019-2020) as an organisation with “Strong Commitment to HR Excellence”! Kudos to our HR team!

Our Project Logistics team seamlessly handled valuable ODC cargo for our valued customer, Toyo Engineering Pvt. Ltd. The movement of a Urea Reactor, Ammonia Converter and Ammonia Unitized Chiller, cumulatively weighing 1000 MTs, from Dahej, Gujarat through Chhapra, Bihar (which is under curfew) to Gorakhpur, Uttar Pradesh.

Our team is proud to be associated with project- girder-bridge assembly to final delivery from Tuticorin to Pugalur, for ABB and Power Grid Corporation of India Limited (PGCIL). Distance of 350 kilometres was covered in a short span of 10 days. Consequently, PGCIL successfully charged the 800 KV Raigarh Pugalur Link.

On the International Labour Day 2020 at Allcargo, Mundra made a small effort to pay tribute to the daily wage earners and security staff members with food packets, efforts were made to make this day a little different for the daily wagers.

We appreciate efforts of Avashya Foundation in distributing grocery kits and creating holistic village development model,  on contributing to social good and being responsible citizens by taking efforts to touch as many lives as possible.

The economy is gradually reviving and the economic indicators appear to be getting back in shape. As the government has announced that the Budget 2021-22 will focus on fuelling growth, the logistics industry will undoubtedly play a critical role in putting the economy firmly on the road to recovery.

Developers are compelled to look outside the established hubs, where land costs would range between ?2-2.5 crore an acre. Finding clean-titled land is also hard in or near major cities.

This is the third major acquisition of Allcargo since it bought ECU Worldwide in 2003-- first, a 33 per cent take and then increased it to 49.9 per cent in 2006. And in December 2019, it bought Gati, one of the express logistics leaders in the country, for Rs 416 crore.