TCI Express Ltd

History of TCI Express Ltd

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 has a strong foundation with 28 state-of-the-art sorting centres, 500+ express routes, 2,500 feeder routes over 970+ branches & 125 routes, with a fleet of 5500+ GPS enabled containerized trucks, delivering services in 200+ countries as part of its network. The global footprint of the Company have widened servicing nearly 202 countries through IATA-approved agent network. The Company offers comprehensive e-commerce services with a multimodal B2B distribution model, ensuring timely deliveries and Cash on Delivery (COD) options. 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 for the demerger of XPS undertaking of 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 Ord ...er on 14 June, 2016 and the Scheme became e?ective from 31st March, 2016. Subsequently, the Board of Directors of the Company issued and allotted 3,80,36,800 Equity Shares of Rs. 2/- each to the shareholders of Transport Corporation of India Limited on August 31, 2016. 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. During year 2020-21, the Company opened 25 new branches. It incurred a capex of Rs. 55 Crores towards construction of two sorting centers in Pune and Gurgaon. It launched two new value-added services called Cold Chain Express and C2C Express services. With the launch of C2C Express, the Company emerged as the India's first logistics company to launch C2C express service with the end-to-end transportation, door pick up and door delivery, multi-location pickup and delivery. In 2021-22, the Company increased number of branches to 45. It operationalised Pune and Gurgaon sorting centres, adding over 3.5 lakh-square-foot area in their sorting centre capacity. It launched 3 new services, comprising of Pharma Cold Chain Express, C2C Express and Rail Express. It spent Rs. 80 crores on the construction and automation of new sorting centres and completed the automation at Gurgaon centre. The Company established a wholly owned subsidiary in the name of TCI Express Pte. Ltd' in FY 2022-23. As of June 30, 2023, 48 Gati Shakti Multi-Modal Cargo Terminal' (GCTs) have been commissioned nationwide, including five in Jharkhand at Patratu, Sindri, Godda, Pakur & Thaparnagar. In 2023-24, the Company launched India's first customer-to-customer (C2C) Express service. TCI Express Pte. Ltd was incorporated as a wholly owned subsidiary in Singapore on February 14, 2023. Company established 25 new branches, bringing the total to over 970 branches in FY24. It implemented the automation at the Pune Sorting Centre in 2024. The newly developed GIGA Sorting Centre, made the Company first B2B express delivery operator in India to automate for oversized freight. The Company achieved a milestone by the commissioning of sorting centres in Nagpur, Raipur and Indore in FY 2025. It completed the automation at Pune and Gurugram sorting centres in FY 2025. The Surface segment was supported by the addition of 10 new branches, while the Rail and Domestic Air segments expanded their service coverage with 25 new branches each in 2025.