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Allcargo Logistics
Allcargo Logistics Limited on Monday announced that the demerger of its international supply chain business as well as the merger of domestic business has become effective from November 1. Under a composite scheme of arrangement, Allcargo Logistics has demerged its international supply chain business into a newly incorporated entity Allcargo Global Limited. Following the demerger, domestic express distribution and consultative logistics businesses will be merged into the resulting Allcargo Logistics Limited, aligning operations for enhanced synergy and value creation, the company said. The scheme of arrangement had received approval from the Mumbai branch of the NCLT on October 10. The board of directors has approved the record date of the transaction as November 12, basis which the share of Allcargo Logistics Limited will trade ex-international business, it said. The merger will give effect to the consolidation of the domestic express business (currently under Allcargo Gati and .
Allcargo Group on Thursday said it has appointed Punit Misra as President Chairman Office & Chief Business Officer. In this crucial role, Misra will work closely with the Allcargo Group founder and Chairman Shashi Kiran Shetty to strengthen institution-building efforts and driving the long-term sustainability of businesses for the benefit of all stakeholders, the company said. He will report to Shetty and will be based out of Mumbai, it stated. Misra will also collaborate with the broader leadership team of the company and oversee strategic goals, drive value creation, and provide a broader perspective to business decision-making, it stated. "His vast experience in driving growth and shaping strategies across renowned conglomerates adds immense foresight and strategic depth to our leadership team. "His experience will further elevate governance standards and enhance strategic focus, ensuring business continuity with a long-term outlook. Punit will work closely with me and our ...
Logistics operator Allcargo Logistics on Monday said it has received the NCLT approval for its restructuring plan to demerge its international supply chain business into a new listed entity. Under the approved scheme, the international supply chain business of Allcargo Logistics Limited will be demerged into a new listed entity -- Allcargo Global Limited, according to the company. The domestic express and contract logistics businesses, currently housed under Allcargo Gati, Gati Express & Supply Chain and Allcargo Supply Chain, will be consolidated under the listed company Allcargo Logistics Limited, it added. Post-restructuring, Allcargo Group will eventually have four listed strategic business undertakings. Allcargo Global will have an international supply chain business, while domestic logistics will come under Allcargo Logistics (post demerger). Allcargo Terminals Limited and TransIndia Real Estate Limited, which were created through an earlier scheme of arrangement, continue .
Express distribution and supply chain management company Allcargo Gati Ltd on Tuesday said it has scaled up its warehousing space capacity by 2.77 sq ft and manpower by 30 per cent to cater to the potential festive season surge in shipments. The company expects around 20-40 per cent growth in demand driven by the boom in e-commerce, quick-commerce, and overall consumption during the festive period. The recent GST revision is proving to be beneficial for express logistics players by bringing greater cost efficiency and smoother operations, which in turn translates into more competitive pricing and faster deliveries for customers, it said. To manage the sharp rise in volumes, Allcargo Gati said it has expanded warehousing capacity with an additional 40,000 sq ft in Bengaluru, 17,000 sq ft in Kolkata, and 70,0001,00,000 sq ft in Chennai with further plans to add 1,20,000 sq ft in Kolkata. These strategically located facilities are designed to support the festive demand and ensure fast
Multimodal logistics operator Allcargo Terminals Ltd (ATL) on Tuesday said it plans to raise Rs 38.28 crore through the issuance of up to 1.32 crore fully convertible warrants to the promoters/promoter group. The proposed fundraise, which will kickstart ATL's three-year expansion plans, will be utilised for building capacity and setting up new container freight stations (CFS) and inland container depots (ICDs), the company said. An Allcargo group firm, ATL, specializes in CFS and ICD with pan-India presence, serving diverse logistical requirements at strategic locations such as JNPT, Mundra, Chennai, and Kolkata. "The Board of Directors of ATL has approved the preferential allotment in its meeting held on July 15, 2025," Allcargo Terminals said. "As India's logistics sector undergoes structural transformation, ATL is well positioned to scale up operational capacity while remaining capital-efficient and growth-focussed, creating sustainable value for all stakeholders," said Shashi .
Allcargo Logistics standalone net profit nosedived 97 per cent to Rs 3.36 crore in the June quarter of the current fiscal. The company's net profit was Rs 198.26 crore in the corresponding period of last year, according to a regulatory filing. Income from operations for the quarter under review, however, rose 46 per cent year-on-year to Rs 526.47 crore from Rs 360.26 crore in Q1 FY24, as per the filing. Global events coupled with high demand across trade lanes during the second quarter of 2024 (calendar year) have led to improved volumes and increased freight rates, the company said. The demand is expected to continue through the peak season until the end of the year, the company said in a statement. The LCL (less-than-container load) volume for the June quarter stood similar to the same quarter last year at 2.25 million CBM (cubic meter) while FCL (full container load) volume stood at 1,56,000 TEUs, up 9 per cent on a y-o-y basis, it said. The company said its contract logistics