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Delhivery Ltd.

BSE: 543529 Sector: Services
NSE: DELHIVERY ISIN Code: INE148O01028
BSE 00:00 | 19 Aug 569.60 9.00
(1.61%)
OPEN

561.00

HIGH

575.00

LOW

559.65

NSE 00:00 | 19 Aug 569.80 9.70
(1.73%)
OPEN

562.95

HIGH

575.00

LOW

559.00

OPEN 561.00
PREVIOUS CLOSE 560.60
VOLUME 58062
52-Week high 708.45
52-Week low 456.05
P/E
Mkt Cap.(Rs cr) 41,279
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 561.00
CLOSE 560.60
VOLUME 58062
52-Week high 708.45
52-Week low 456.05
P/E
Mkt Cap.(Rs cr) 41,279
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Delhivery Ltd. (DELHIVERY) - Company History

The Company was incorporated as SSN Logistics Private Limited under Companies Act 1956 pursuant to a Certificate of Incorporation issued by the Registrar of Companies National Capital Territory of Delhi and Haryana at New Delhi (RoC) on June 22 2011. Subsequently name of the Company was changed to Delhivery Private Limited pursuant to a fresh Certificate of Incorporation issued by the RoC on December 8 2015. On conversion of the Company to a Public Limited Company pursuant to a Resolution passed by the Shareholders on September 29 2021 name of the Company got changed to Delhivery Limited and a fresh Certificate of Incorporation dated October 12 2021 was issued by the RoC.The Company provide a full-range of logistics services including express parcel and heavy goods delivery part-truckload freight (PTL) truckload freight (TL) warehousing supply chain solutions cross border express and freight services and supply chain software along with value added services such as e-commerce return services payment collection and processing installation and assembly services and fraud detection. Apart from this the Company provided supply chain solutions to a diverse base of 21342 Active Customers such as e-commerce marketplaces direct-to-consumer e-tailers and enterprises and SMEs across several verticals such as FMCGs consumer durables consumer electronics lifestyle retail automotive and manufacturing.The team of 474 engineering data and product professionals have built proprietary technology systems that enabled the Company to offer integrated logistics services to customers while remaining asset-light and ensuring service quality and efficiency. The technology stack orchestrates network infrastructure and consists of more than 80 applications that encompass all supply chain processes including order management warehouse management transportation management financial transactions such as billing and remittance tracking andsupply chain analytics.The integration of technology platform with physical network and its operations enables the Company to provide comprehensive supply chain solutions to a wide range of customers. Its express parcel delivery network which serviced 17045 PIN codes is capable of handling consignments of up to 10 kilograms with same-day and next-day capabilities and 48-96 hour deliveries for long-distance orders. Besides this the Company provide value-added services such as reverse logistics for returns with quality inspection and product replacement services. It provide person-specific deliveries involving delivery to a specified person after validating the person's identity; address-specific deliveries involving delivery to an address specified by the shipper (and not the recipient) and time-specific delivery involving delivery within a time slot provided by the recipient. In addition the Company offer cash on delivery (CoD) and other modes of payment on delivery.In 2011 the Company launched Transportation Management System (TMS).In 2013 the Company commenced the business for fulfillment centres. In 2014 the Company launched network design tool Netplan product.In 2015 the Company launched address resolution engine Addfix. The Company launched automated sort centres in its network. Apart from this the Company established a full-fledged self-managed express surface line-haul network to service its volume. In 2016 the Company commenced part truckload services (PTL service offering). The Company launched `Constellation' program. The Company also hired from time to time to provide last mile delivery services.In 2018 the Company commenced Truckload services (TL service offering). The Company also commenced cross border service offering The Company launched PaaS (Platform as a Service) as a soft launch in Sri Lanka and Bangladesh. In 2019 the Company commenced Supply Chain Services. The Company acquired Aramex's India assets. The Company ventured into partnership with UPS as well. The Company launched tractor trailers in its network. The Company also inaugurated the opening of Delhivery USA Office.In January 2020 the Company acquired Roadpiper Technologies Private Limited a digital freight broker with fleet owner load-matching and pricing applications. Roadpiper was among other activities engaged in the business of providing technology solutions to thelogistics industry providing proprietary freight and logistics software and end-to-end services to transportation organizations. During the year 2020 the Company automated material handling systems and launched 3 mega trucking terminals in Tauru (Haryana) Bhiwandi (Maharashtra) and Bengaluru (Karnataka). This automation combined with system-directed floor operations path expectation algorithms and machine-vision guided truck loading systems together enabled the facility staff to be more productive and reduce errors in their operations. In February 2021 the Company acquired the business of Primaseller Inc. to enable D2C e-commerce brands and omnichannel retailersto integrate their online and offline channels with logistics network. On July 15 2021 the Company signed an agreement to enter into a strategic alliance with FedEx which shall become effective upon fulfillment of certain closing conditions including receipt of requisite regulatory approval. The Company is a global express leaders for customs clearance pickup and delivery services as well. Apart from this the Company acquired the subsidiary Spoton Logistics Private Limited an express PTL freight service provider in India in August 2021 and nearly 1 billion express parcel shipments has been delivered since incorporation during the year 2021.

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