Recorded 8.66 % in top line growth
Commenting on the results, Mr. Vineet Agarwal, Managing Director TCI said, “Our aggressive growth plans and our sustained focus on divisions like Express, Supply Chain and Seaways have helped us in achieving growth this fiscal. We will continue to leverage on the strengths of our widespread network and provide a range of value added services to our customer base across India. Higher GDP growth, implementation of GST and increased logistics outsourcing is expected to boost the sector”.
He further added that, “With the changing trends in the economy due to the advent of E-commerce and adoption of Omni channel strategies by all companies, TCI too has aligned its services and teams to cater to the surge in demand of such services. TCI manages fulfillment centers and last mile deliveries for the E-commerce industry with state of the art infrastructure and handling 100,000 unique orders per day.
Besides, commissioning of a new Ship, “TCI Arjun” of 10600 DWT container vessel on the West coast of India with scheduled service from Mundra to Kochi has enhanced its position in multi-modal logistics. TCI is also GST ready with a network of modern large warehouses at strategic locations like NCR, Chennai, Nagpur, Hyderabad, etc. For its Pharma, QSR and Retail clients, it is setting up state of the art multi-temperature cold storages at NCR, Chennai & Hyderabad and other areas.
Keeping in view the overall performance of Group TCI, the Board of Directors has recommended payment of final dividend at 45%, subject to approval by the shareholders in the ensuing Annual General Meeting of the company. This is in addition to the Interim Dividend already paid 30% during the year.
Image: Mr.Vineet Agarwal
Managing Director, TCI
