DTDC aims to increase international revenues to 18% in 2 yrs

Home-grown express courier company DTDC, which has done a string of global acquisitions and tie- ups, aims to increase the share of revenues from the high margin international operations to 18% in the next two years, a top official of the company said.

 

"We are at 12% at present, and the share should rise to 17-18% in two years...." DTDC Executive Director Abhishek Chakraborty told PTI here.

 

The margins from the international operations are higher than the domestic ones, he said.

 

DTDC said its latest acquisition, Bangalore-based Nikkos Logistics - which has a customer base in the pharma, construction, aviation, food, agriculture, handicrafts and engineering sectors - is likely to boost its global operations.

 

DTDC's other acquisitions include a majority stake in Dubai-based Eurostar Express, which will help the company expand presence in West Asia and North Africa.

 

DTDC, which clocked revenues of Rs 550 crore in FY 2013, has a direct presence in USA, Canada, UK, UAE, Singapore, China and Australia, and operates in Kenya, Bahrain, Kuwait, Pakistan, Nepal and Bangladesh through its partners or associates, he said.

 

Chakraborty said the company is targeting a 25-30% growth in overall revenues this fiscal (FY2014) to take the figure to Rs 700 crore.

 

This will be possible on the back of expansion in network, performance of the just acquired firms and entering new segments, he said, adding DTDC is not looking at new acquisitions.

 

No capital expansion plans have been lined up, and DTDC continues to remain a zero debt company, Chakraborty said.

 

The company, which is 40% owned by Anil Dhirubhai Ambani Group's private equity arm, does not plan to go public for the next 2 to 3 years, he added.