Its revenue from contracts with customers has grown from Rs 16,538.97 million in Fiscal 2019 to Rs 36,465.27 million in Fiscal 2021, or a CAGR of 48.49%. Rapid growth, extensive scale and improvement in unit economics: The company is the largest and fastest growing fully-integrated logistics services player in India by revenue as of Fiscal 2021, according to the RedSeer Report. This reduction will be led by organized players through superior logistics infrastructure that reduces pilferage and damages, efficient operations that reduce turnaround time and better utilize the logistics network capacity and through scale which drives consolidation and eliminates redundancies. Indirect spends were estimated at $174 billion in Fiscal 2020 and are expected to marginally decline to $166 billion by Fiscal 2026. This shift is expected to be driven by the ability of organized players to offer integrated services, network and scale-driven efficiencies and larger investments in technology and engineering, resulting in higher share of wallet with customers.įurther, the Indian logistics industry is characterized by high indirect spends on account of high inventory carrying costs, pilferage, damage and wastage. Organized players are expected to grow at a CAGR of 35% between Fiscal 2020 and Fiscal 2026, taking their share to 12.5-15% by Fiscal 2026 of the logistics market (road transportation, warehousing & supply-chain services only). Organized players accounted for only 3.5% of the logistics market (road transportation, warehousing & supplychain services only) in Fiscal 2020. The logistics market is primarily comprised of transportation and warehousing, of which transportation accounted for 70%, or $151 billion in Fiscal 2020. The sector is expected to grow to $365 billion by Fiscal 2026 at a CAGR of 9%, driven by: Strong underlying economic growth Favorable regulatory environment in logistics, resulting in evolution of efficient supply chain formats Improvement in India’s transportation infrastructure, especially highway connectivity Growth of the domestic manufacturing sector, driven by favourable policy support and increased domestic and foreign investments Rapid growth of the digital economy, which has led to creation of digital-native business models such as ecommerce, direct-to-consumer and social commerce and Growth in offline commerce driven by increased offline consumption, industrial activity and cross border trade. The Indian logistics sector is one of the largest in the world and presents a large addressable opportunity, with a direct spend of $216 billion in Fiscal 2020. Its network infrastructure includes 122 gateways, 21 automated sort centres, 93 fulfilment centers, 35 collection points, 31 returns processing centers, 244 service centres, 132 intermediate processing centers and 2,521 direct delivery centres as of December 31, 2021, including Spoton’s 40 gateways and 138 service centres. The company has built a nation-wide network with presence in every state, servicing 17,488 PIN codes during the nine months period ended December 31, 2021, covering 90.61% of the 19,300 PIN codes in India as of Decem(per India Post). Together, these create powerful, intersecting flywheels that drive strong network synergies within and across its services and enhance its value proposition to customers. This is achieved through high quality logistics infrastructure and network engineering, a vast network of domestic and global partners and significant investments in automation, all of which are orchestrated by the company’s self-developed logistics operating system that is guided in real-time by deep sources of proprietary network and environmental data. The company provided supply chain solutions to a diverse base of 23,113 Active Customers (excluding those serviced by Spoton) such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing, for the nine months period ended December 31, 2021. It provides a full-range of logistics services, including express parcel and heavy goods delivery, parttruckload 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. The company is the largest and fastest growing fully-integrated logistics player in India by revenue as of Fiscal 2021. Compliance Officer for the issue is Sunil Kumar Bansal.
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