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TCI Express Ltd.

BSE: 540212 Sector: Services
NSE: TCIEXP ISIN Code: INE586V01016
BSE 00:00 | 12 Aug 1642.55 5.35
(0.33%)
OPEN

1654.55

HIGH

1667.20

LOW

1634.15

NSE 00:00 | 12 Aug 1643.50 1.35
(0.08%)
OPEN

1664.15

HIGH

1668.00

LOW

1633.00

OPEN 1654.55
PREVIOUS CLOSE 1637.20
VOLUME 995
52-Week high 2570.00
52-Week low 1280.25
P/E 46.50
Mkt Cap.(Rs cr) 6,332
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1654.55
CLOSE 1637.20
VOLUME 995
52-Week high 2570.00
52-Week low 1280.25
P/E 46.50
Mkt Cap.(Rs cr) 6,332
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

TCI Express Ltd. (TCIEXP) - Company History

TCI Express Limited (TCI XPS) was incorporated on November 10 2008 in Hyderabad. Headquarted in Gurugram (NCR) India the Company operates in the business of express cargo distribution through road rail air and water mode. The Company comprised a pan-India network covering 704 of 712 districts with more than 650 branches capable of servicing 40000 pickup and delivery points. The global footprint of the Company have widened servicing nearly 202 countries through IATA-approved agent network.Presently the Company provides services across five areas domestic surface express domestic air express international air express reverse express and e-commerce express. These wide services makes possible for the companies like automotive pharmaceuticals retail engineering apparel and e-commerce to strengthen Indian economy and competitiveness and facilitate rapid growth. The Company expedited time- sensitive cargo resulting in extended customer relationships on one hand and sensitive understanding needs of industries on the other and thus this hub & spoke distribution model has facilitated prompt cargo movement driving efficiencies thereby generating higher yields per route. It has state-of-the-art fully automated sorting centres coming up at Pune and Gurugram. The Company has approx. 5000 containerized vehicles fleet.Pursuant to the Scheme of Arrangement under Section 391 to 394 of the Companies Act 1956 for the demerger of XPS undertakingof Transport Corporation of India Limited as a going concern into TCI Express Limited was sanctioned by the Hon'ble High Court for the State of Telangana and Andhara Pradesh vide its Order on 14 June 2016 and the Scheme became e?ective from the Appointed Date at the close business hours of 31st March 2016. Subsequently the Board of Directors of the Company issued and allotted 38036800 Equity Shares of Rs. 2/- each to the shareholders of Transport Corporation of India Limited on August 31 2016.During the year 2021 the Company opened 25 new branches across India thereby deepening its PAN India presence and incurred a capex of Rs. 55 Crores towards new sorting centers in Pune and Gurgaon. The Company made significant progress in completing Pune sorting centre which recently became operational in June 2021. During the year 2021 the Company added two new services cold chain express service and C2C express service to its existing service bouquet. With the launch of C2C Express it emerged as the first logistics company to launch customer to customer express service with the end-to end transportation door pick up and door delivery multi-location pickup and delivery. Apart from this the Company's express delivery services and cold storage delivery service played a crucial role during COVID-19 pandemic in providing essential services such as delivery of medicines covid protection kits vaccines and oxygen concentrators to different places across the nation.

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