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Blue Dart Express Ltd.

BSE: 526612 Sector: Services
NSE: BLUEDART ISIN Code: INE233B01017
BSE 16:01 | 25 May 3501.35 131.65
(3.91%)
OPEN

3387.80

HIGH

3599.00

LOW

3359.55

NSE 15:59 | 25 May 3502.90 129.90
(3.85%)
OPEN

3399.95

HIGH

3529.90

LOW

3330.00

OPEN 3387.80
PREVIOUS CLOSE 3369.70
VOLUME 516
52-Week high 4915.00
52-Week low 3179.00
P/E 58.47
Mkt Cap.(Rs cr) 8,309
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3387.80
CLOSE 3369.70
VOLUME 516
52-Week high 4915.00
52-Week low 3179.00
P/E 58.47
Mkt Cap.(Rs cr) 8,309
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 35476 locations in India. As part of the Deutsche Post DHL Group's (DHL Express DHL Global Forwarding & DHL Supply Chain) Post - eCommerce - Parcel (PeP) division Blue Dart Express accesses the largest and most comprehensive express and logistics network worldwide covering over 220 countries and territories and offers an entire spectrum of distribution services including air express freight forwarding supply chain solutions and customs clearance. During the year ended 31 March 2018 Blue Dart handled over 1958.86 lac domestic shipments 9.15 lac international shipments and over 696961 tonnes of documents and parcels across the nation and 220 countries worldwide.Started as a partnership firm in 1983 under the name Blue Dart Courier Service the company was registered as a private limited company with the new name Blue Dart Express Pvt Ltd in 1990. The company became a public limited company in 1994.The company is the global service participant of Federal Express International US with exclusive rights for pick-up and delivery services in India. Federal Express which has an extensive service network in around220 countries is recognised all over the world for its innovation in the air-express business. The famous hub-and-spoke system of distribution which is widely followed by almost every airline in the world today was pioneered by Federal Express. Under the agreement between Blue Dart and Federal Express all international shipments of Blue Dart are distributed through the Federal Express system and Federal Express's inbound shipments to India are delivered through Blue Dart's network.The company launched IXF 2 a door-to-door service for heavy international cargo 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 Surface line 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 its market share Blue Dart Express has launched a new web-tool MobileDart -the first wireless initiative developed and launched by a domestic express company.The company has signed an agreement with French Express a leading courier in South India. The agreement covers the domestic priority and APEX (AirPackages Express) services of the company. With this the company has added over 1000 locations to its existing network in the southern region. Further it also signed an agreement with Crown Couriers a leading courier company in North India. With this the company has added an additional 74 locations to its existing network in North India.During the year 2001 the Company upgraded India's first interactive logistics and e-Business Solutions site www.bluedart.com. The website gives customers complete and valuable information on the Company's operations products services and provides contact and communication capabilities for all its 13880 locations serviced.During 2002-03 the company has been re-certified as one amongst a handful of Indian companies to the new global ISO 9001-2000 standards for 'Design management and operations of countrywide express transportation and distribution services within the Indian sub-continent and to international destinations serviced through multinational express companies'.DHL Express (Singapore) Pte Ltd has acquired 81.03% equity stake of the company during 2004-05. Further the company has added the fifth aircraft to carry over 42 million domestic and 500000 international shipments together weighting over 110000 tonnes across its network. Further the company has divested 60% of the equity capital of Blue Dart Aviation Ltd in favour of Mr. Tushar Jani and Mr. Khushroo Dubash in the ratio of 30% each respectively during 2004-05. Consequent to this divestment Blue Dart Aviation Ltd ceased to be a subsidiary of the company with effect from March 11 2005.Skyline Air Logistics Ltd and Concorde Air Logistics Ltd became subsidiaries 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 91000 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.In 2005 DHL Express (Singapore) Pte. Ltd. completed the acquisition of 81.03% of the equity capital of Blue Dart Express Limited. In 2006 Blue Dart launched its unique SMS based Mobile Tracking Service. On 1 June 2006 Blue Dart introduced the first Boeing 757 freighter in the Indian skies with 2 of these aircraft connecting the 5 major metros of Delhi Mumbai Chennai Bangalore and Kolkata. A second flight launched from Hyderabad and Ahmedabad is the 7th airport connected to Blue Dart's network.During the year the company divested 60000 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. Consequently Skyline Air Logistics ceased to be a subsidiary of the company with effect from August 10 2006.In 2007 Blue Dart launched its fortified Ground Express Service - Dart Surfaceline with time bound deliveries and features like DOD (Demand Draft on Delivery) FOD (Freight on Delivery) and FOV (Freight on Value) - Insurance Arrangement. During the year Blue Dart added 3rd Boeing B757 freighter to its fleet.In 2008 the first integrated Blue Dart-DHL facility was launched in Bangalore. During the year Blue Dart added 4th Boeing B757 freighter to its fleet.In 2010 the company was certified to the ISO 9001-2008 standards. In 2011 Blue Dart launched Smart Truck technology designed to provide solutions to urban logistic challenges such as traffic restrictions density and clogging while ensuring environmental protection and fulfilling customer needs for on-time delivery. Blue Dart also launched GOGREEN Carbon Neutral Service which allows customers to neutralize their carbon footprint by paying a marginal offset charge over and above their shipping rates. Carbon emissions from customer shipments are offset by reinvesting in environmental protection projects verified by SGS (Societe Generale de Surveillance) a United Nations independent auditor.In 2012 Blue Dart added 5th B757-200 freighter to its fleet. During the year DHL reduced its stake in Blue Dart Express to 75% in order to company with statutory requirements. In 2015 the company launched its 1st eFulfillment Centre in Delhi-NCR. During the year the company acquired additional 21% stake in Blue Dart Aviation. In 2016 the company acquired its 6th Boeing 757-200 freighter. On 15 April 2016 Blue Dart Express announced that the company's Board of Directors has accorded its approval to enhance company's stake into Blue Dart Aviation from present 74% to 100%. Later on 24 November 2016 Blue Dart Express completed the acquisition of the entire remaining 26% stake in Blue Dart Aviation thereby making it a wholly owned subsidiary. In August 2017 Blue Dart launched Blue Dart Rakhi Express a unique customized service for secure and timely delivery of Rakhis. On 30 October 2017 Blue Dart Express launched electric vehicles in Gurugram another step towards operating its last mile e-tail delivery service with clean pick-up and delivery solutions. The electric vehicles are being piloted in Gurugram and will be subsequently inducted across Blue Dart country.