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Blue Dart Express Ltd.

BSE: 526612 Sector: Services
NSE: BLUEDART ISIN Code: INE233B01017
BSE LIVE 15:42 | 02 Dec 4593.10 -85.70
(-1.83%)
OPEN

4678.80

HIGH

4678.80

LOW

4585.45

NSE LIVE 15:53 | 02 Dec 4602.35 -95.60
(-2.03%)
OPEN

4680.00

HIGH

4686.65

LOW

4592.00

OPEN 4678.80
PREVIOUS CLOSE 4678.80
VOLUME 209
52-Week high 7363.95
52-Week low 4500.00
P/E 60.75
Mkt Cap.(Rs cr) 10899.43
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4678.80
CLOSE 4678.80
VOLUME 209
52-Week high 7363.95
52-Week low 4500.00
P/E 60.75
Mkt Cap.(Rs cr) 10899.43
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Blue Dart Express Ltd. (BLUEDART) - Company History

Blue Dart Express Ltd is South Asia's leading integrated air express carrier and premium logistics-services provider. The company has the most extensive domestic network covering over 13,880 locations, and service more than 220 countries and territories worldwide through the Sales alliance with DHL, the premier global brand name in express distribution services. The company has 218 offices, 168 franchisees and 173 service participants. Further the compnay has 422000 sq.feet of facilities, including 6 bonded warehouses and 9 hubs. Started as a partnership firm in 1983 under the name Blue Dart CourierService, the company was registered as a private limited company with thenew name Blue Dart Express Pvt Ltd in 1990. The company became a publiclimited company in 1994. The company is the global service participant of Federal ExpressInternational, US, with exclusive rights for pick-up and delivery servicesin India. Federal Express, which has an extensive service network in around220 countries, is recognised all over the world for its innovation in theair-express business. The famous hub-and-spoke system of distribution,which is widely followed by almost every airline in the world today, waspioneered by Federal Express. Under the agreement between Blue Dart andFederal Express, all international shipments of Blue Dart are distributedthrough the Federal Express system and Federal Express's inbound shipmentsto India are delivered through Blue Dart's network. The company launched IXF 2, a door-to-door service for heavy internationalcargo to the US. In the domestic sector, the company has a number of products which includes domestic priority for the movement of domestic documents and packages to 237 locations across the country - Dart Apex, a special multi-modal distribution service for medium and heavy shipments; and Dart Surfaceline, a door-to-door express surface product. Its range of products include, Voice Dart, Power Dart, Dart Collect, Dart Apex, etc. Blue Dart has the largest private E-mail in India. It tracks all its domestic shipments through its tracking system COSMAT and is linked with COSMOS, the Federal Express satellite communication system for tracking international shipments. The company has started aircraft leasing business & leased to its wholly owned subsidiary Blue Dart Aviation. It has acquired on lease its third aircraft (Boeing737-200) for addition to its existing fleet of two Boeing Aircrafts. In Mar. 2001, in order to provide value-added service and maintain itsmarket share, Blue Dart Express has launched a new web-tool MobileDart -thefirst wireless initiative developed and launched by a domestic expresscompany. The company has signed an agreement with French Express, a leading courierin South India. The agreement covers the domestic priority and APEX (AirPackages Express) services of the company. With this the company has addedover 1000 locations to its existing network in the souther region. Furtherit also signed an agreement with Crown Couriers, a leading courier companyin North India with this, the company has added an additional 74 locationsto its existing network in North India. During the year 2001, the Company upgraded India's first interactivelogistics and e-Business Solutions site, www.bluedart.com. The websitegives customers, complete and valuable information on the Company'soperations, products, services and provides contact and communicationcapabilities for all its 13,880 locations serviced. During 2002-03,the company has been re-certified as one amongst a handfulof Indian companies to the new global ISO 9001-2000 standards for'Design,management and operations of countrywide express transportation anddistribution services within the Indian sub-continent and to internationaldestinations serviced through multinational express companies'. DHL Express (Singapore) Pte Ltd has acquired 81.03% equity stake of thecompany during 2004-05. Further the company has added the fifth aircraft tocarry over 42 million domestic and 500000 international shipments togetherweighting over 110000 tonnes across its network. Further the company hasdivested 60% of the equity captial of Blue Dart Aviation Ltd in favour ofMr. Tushar Jani and Mr. Khushroo Dubash in the ratio of 30% eachrespectively during 2004-05. Consequent to this divestment Blue DartAviation Ltd was ceased to be a subsidiary of the company with effect fromMarch 11 2005. Skyline Air Logistics Ltd and Concorde Air Logistics Ltd becamesubsidiaries of the company with effect from May 7 2004. During the nine months period from April 2005 to December 2005, the company successfully added new facilities by setting up regional headquarters for its North Region at Delhi and also expanded state-of-the-art facilities of about 91,000 Sq Ft at Bangalore, Ahmedabad, Delhi and Jaipur . 30 operations and service centrers were also set up in Delhi, UP, Rajasthan, Punjab and Chandigarh in the North) , Gujarat, Maharashtra and MP in the west and Tamil Nadu and Karnataka in the South for increased capacity requirements. During 2005-2006, the company divested 60,000 Equity Shares constituting 100% of Equity Capital of Skyline Air Logistics Ltd, a wholly owned subsidiary of the company for a total consideration of Rs.4.42 million. Consqeuently , Skyline Air Logistics ceased to be a subsidiary of the company with effect from August 10, 2006. The company has opened its outbound gate way at Hyderabad with flights connectint the city to the rest of the country. The company, during the year successfully added to its network 30 new facilities, two ground superhubs and an airside facility across the country taking the total facilities to 227. The company also announched the induction of two Boeing 757-200 freighters to its existing fleet of five Boeing 737-200 freighters. The addition of the Boeing 757s has increased capacity from 166 tonnes to 250 tonnes per night and increased the air route connection from the existing 39 to 60. The company also opened super hub facilities at Bangalore, Chennai and avaiation hub at Ahmedabad.

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