Tiger Logistics on Growth path, Plans to invest in CFS
Posted by: Clara Fernandes at 8/19/2016 04:39:00 am
First Quarter Results FY17: Total Income Rs 5378.92 lakhs & Net Profit Rs 164.39 lakhs
New Delhi, 19th August 2016: Tiger Logistics (India) Limited, one of the country's leading providers of end-to-end supply chain solutions, has posted a total income of Rs 5378.92 lakhs and net profit of Rs 164.39 lakhs for the quarter ended 30th June, 2016, The company has been embarking upon a growth trail following various expansion initiatives to tap the potential opportunity in logistics services through implementation of Enterprise Resource Planning system with adoption of necessary IT platform for better process efficiency. The company plans to invest in owing the CFS (Container Freight Stations) in Gujarat Location which will not only to assist in doing the backward integration for its present corporate customer base but also to complement various north India offices by providing end to end solutions for the entire cargo base moving by road to Gujarat Gateway Ports.
Mr. Harpreet Singh Malhotra, CMD, Tiger Logistics Ltd., said, “What sets us apart in the sector is our constant passion to grow bigger and better. We have been growing at a CAGR of 30% for the last three years and we intend to continue the same growth prospect in our business model.”
Headquartered in New Delhi, Tiger Logistics is a leading logistics service provider involved in MTO (multimodal transport operations), Transportation and Customs clearance activities for handling of project cargo across North, West and East India. Having 11 offices in major cities, the company covered almost all states having major port facilities. Today, the company has the best Technologies like customer redressal system, mobile applications, GPS tracking and cloud computing to improve communications, logistics, and inventory tracking. This works together to boost customer trust and brand loyalty.
About Tiger Logistics (India) Ltd. –
An ISO 9001:2008 certified Tiger Logistics (India) Limited is now listed on the main board of Bombay Stock Exchange (BSE) as the 9th and youngest Indian logistics company. Today the turnover of company is Rupees 250 Crores, a staff strength of 250+ persons, a fleet of 59 vehicles with 11 offices in India – New Delhi, Mumbai, Pune, Kolkata, Ahmedabad, Veraval, Vadodara, Mundra, Hazira, Ludhiana and Jaipur.
Being an International logistics company indulged in Freight Forwarding, Custom Clearance and Trade Compliance, Transportation, Warehousing and Distribution, Air Freight Services, Ocean Freight Services, Heavy Lifts and Turn-key Projects, RORO Operations, Charter Services & Cold Chain Logistics under one roof. Tiger Logistics has major expansion plans, where the company is planning to have a PAN India presence and venture majorly into domestic logistics with warehousing distribution and transportation. The Company plans to open its own offices into different countries such as Singapore, U.S., China, Mexico, and Panama.