Allcargo Global Logistics (ALLCARGO) is a logistics service provider. The company was incorporated on Aug. 18, 1993 as a private limited company and was converted into a public limited company on Jan. 17, 2006. It was founded by Shashi Kiran Shetty, the chairman and managing director. The company has five areas of operations; namely multi-modal transport operations (MTO), container freight stations (CFS), project cargo handling, airfreight, and transport logistics.
Under MTO, the company offers end-to-end freight services for the export and import of cargo through multiple modes such as sea, road, air and rail with facilities like less than container load consolidation and multi city consolidation services. Under CFS, the company provides services like storage, handling, stuffing, consolidation of cargo and other value-added services. CFS facilities are provided by Transindia Logistics Park in Nhava Sheva, two in Chennai and Mundra, and a third inland CFS to come up by 2007. Handling capacities (TEUs) per annum are 120,000, 104,000 and 52,000 respectively. In project cargo handling, it undertakes turnkey projects like the transport of high value specialized equipments like oil field equipment or power plants.
The company covers over 4000 destinations across the globe and has a pan-India presence, with 16 branches, nine franchisees and regional offices in Mumbai, Delhi, Chennai and Kolkata. The company has signed an MOU with the government of Gujarat for international infrastructural logistics projects. The company has acquired ECU Hold N.V, Hindustan Cargo and recently acquired Transindia Freight Services, which owns and operates assets such as cranes, fork lifts, trailers and reach stackers. The registered office is at Diamond Square, 5th Floor, CST Road, Kalina, Santacruz (E), Mumbai-400098.
Financials
The company disclosed rise of 53.43% in consolidated net profit on y-o-y basis to Rs 542.75 million, while total income climbed 25.38% y-o-y basis to Rs 7.40 billion for the quarter ended March 2011.
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