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Blue Dart Express
BSE: 526612|NSE: BLUEDART|ISIN: INE233B01017|SECTOR: Couriers
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Company History - Blue Dart Express
1991
 
 - Blue Dart Express Ltd. was incorporated on 5th April.  The company
 was converted into a public limited company on June 15th, 1994 and
 the
 certificate of incorporation on change of name was issued on June
 17th,
 1994.
 
 - The Company is engaged in the courier business for carriage and
 door-to-door delivery of commercial documents, samples, panels and
 printed matter in India and throughout the world.
 
 - The Company was promoted by Tushar Jani, Clyde Cooper and Khushroo
 Dubash.
 
 - The name of the firm was changed to Blue Dart Express on October
 1st,
 1990 and the firm was registered as a private limited company on
 April
 5th 1991.
 
 - The Company acquired, developed and set up a centralised
 international and domestic super hub with computerised links to all
 it
 major centres.
 
 - The Company also plans to link its major centres by satelite very
 small Aperture terminals.  The Company proposes to add to its
 existing
 fleet of light commercial vehicles and pick up vans at various
 places
 to cater to the growing business needs.
 
 - Some of the new products include:
 
 - (i) Voice Dart: This is 24hr. hotline available to the customer in
 selected cities of the country.  It is an interactive voice response
 computer system that enables customers to access key information
 regarding the range of services offered by the company, to track the
 states of their consignment and leave messages via a mailbox all in
 a
 voice form;
 
 - (ii) Power Dart: a software-run-system which is installed at the
 customer premises.  Through a dial-up computer modem installed at
 the
 customer premises, he can directly access the company's database and
 retrieve relevant information of his shipments;
 
 - (iii) Dart Collect: Offers the overseas consignees receiving
 shipments from India, the facility to pay the freight changes in
 foreign currency;
 
 - (iv) Dart Apex: This is a day definite door-to-door product for
 shipments above 20 kgs. travelling to select cities within the
 company
 network;
 
 - (v) IXF-2: This is a day definite door-to-door service for
 international shipments weighing above 45 kgs. to destinations in
 the
 USA.
 
 1992 
 
 - The Company finalised negotiations with Federal Express
 International
 Inc. in respect of Global service program contract and with federal
 Express Corporation in respect of Trademark use Agreement and End
 User
 Agreement for cosmos software.
 
 1993 
 
 - The Company introduced barcode scanners and bar coded Air waybills
 to
 enhance the quality of tracking operations.  The company has more
 than
 400 users who communicate through E-Mail.
 
 - The Company was appointed as General Sales agent in India of
 Gederal
 Express enabling the company to pickup heavy weight commercial
 shipments for door-to-door delivery.
 
 1994
 
 - A New product `Dart Apex' for door to door shipments above 20 kgs
 was
 launched.  Other systems installed to offer greater reliability to
 customers are oracle platform, bancode technology etc.  The Cosmat
 II
 has enabled decentralisation of Company's operation.
 
 - The Company acquired premises in Bangalore for provision of
 warehousing facility.
 
 - 60,50,000 No. of equity shares of Rs 10 each issued, subscribed
 and
 paid-up (1,00,000 shares to promoters on 5.4.1991; 1,00,000 Rights
 equity shares in proportion 1:1 on 11.10.1993; 24,00,000 bonus
 equity
 shares allotted on 6.1.1994 prop. 1:12; 32,50,000 bonus equity
 allotted
 on 3.6.1994 in prop. 1:1.25; 2,00,000 shares to
 employees/directors/associates on 13.6.1994); 25,50,000 No. of
 equity
 shares of Rs 10 each were issued at a premium of Rs 140 per share to
 the public in September 1994. (25,50,000 shares partly paid up).
 
 - The Company has established computer installations at 38 major
 offices.
 
 1995
 
 - VSATs were installed at eight locations across the country to help
 E-mail networks in India as well as the Domestic (Cosmat-2) and
 international (cosmos) tracking system and central aviation load
 booking systems (SMART).
 
 - Two software packages viz. `Powerdart' using which the customer
 can
 log into the Company's database and access data relating to his
 shipments and the other one `Faxdart' is a tool to automatically fax
 to
 the customer relevant information about his shipments was developed
 during the year.
 
 - The Company acquired 2 Boeing 737-200 aircraft offered by Indian
 Airlines.  The aircrafts were sent to USA for conversion from
 passenger
 to cargo version and named as vision I and vision II.
 
 - The Company proposed new ATA (Airport to Airport), DTA (Door to
 Airport), and ATD (Airport to Door) Products.
 
 - The Company signed an agreement with Federal Express International
 Inc. through which it became the official GSA of Fed Ex in India.
 
 - The Company entered into an agreement for purchase of 35,000 sq. 
 ft.
 of land situated in the vicinity of International Airport for
 constructing Superhub & Technology centre for housing the company's
 communication and data processing facilities.
 
 - Blue Dart Aviation Ltd. is a subsidiary of the Company and
 launched
 door-to-door domestic express cargo aviation system.
 
 - The Company signed an agreement with Federal Express International
 Inc., through which it became the official GSA of FedEx in India for
 air freight products.
 
 - FedEx has taken a significant step forward to receive the ISO 9001
 certification and is the first Express Company in the world to have
 received this certification.
 
 1996
 
 - The Company has developed two software packages - namely
 `Powerdart'
 and `Faxdart.'
 
 - The Company has entered into an agreement with its wholly owned
 subsidiary company for lease of the 2 aircraft.
 
 - The Company has received a `AA-' rating for its proposed issue of
 Rs.
 15 crores Non-convertible debentures to be issued on a private
 placement basis from Credit Rating Information Services of India
 Limited for this instrument.
 
 - The Company has entered into a commercial understanding with its
 wholly owned subsidiary Blue Dart Aviation Limited whereby the
 Company
 has hired the entire aircraft payload capacity of two B737-200 cargo
 aircraft of approximately 16 tonnes per aircraft.
 
 - 2,50,000 shares issued (prem. Rs 35 per share) on conversion of
 warrants.
 
 1997
 
 - The Company has signed a new 5 year Global Service Program
 Contract
 with Federal Express (FedEx), which became effective from 1st
 October.
 
 - The company has entered into various strategic alliance with
 regional/express courier companies in lieu of expanding its market
 share.
 
 - Blue Dart recently became the first Express Company in India to
 get
 the ISO 9001 Certification.
 
 - Federal Express Corporation (FedEX), the world's largest express
 transportation company, will enter the Indian air express market
 through a new agreement with Blue Dart, India's express company.
 
 - The Company has launched its Smart Box in the eastern region to
 cater to the needs of small business.
        
 1998 
 
 - The Company had undertaken with the set up of the aviation system,
 was completed during the financial year under consideration.
 
 - The Company has set up customs bonded warehouse at Chennai, Mumbai
 and Calcutta and transhipment facilities at all the 5 major domestic
 airports through which it operates.
 
 - The Company has entered into appropriate interline agreements with
 9
 international carriers viz. Air India, Air France, British Airways,
 Emirates, Singapore Airlines Swissair, Air Canada, Cargolux and
 FedEx
 for movement of interline cargo.
 
 - The Company has issued 23,00,000 debentures of the face value of
 Rs.
 100/- each aggregating to Rs. 2300 lakhs to Newfields Holdings
 Limited.
 
 - The Company has subscribed to the Rights issue of 100 lakh shares
 of
 Rs. 10 each, aggregating to Rs. 1000 lakhs of Blue Dart Aviation
 Limited - a 100% subsidiary.
 
 - The Company has entered into lease agreements for the rental of
 property, vehicles, computers, equipment and other assets.
 
 - Blue Dart Aviation, a subsidiary of Blue Dart Express Limited has
 introduced India's first load and trim software for their Boeing 747
 flights.
 
 - Blue Dart Aviation Ltd, a wholly-owned subsidiary of Blue Dart
 Express Ltd, is to establish a hangar facility at Chennai airport.
 
 - Blue Dart has already signed an agreement with Lufthansa Cargo.
 
 - Debentures were converted into 3,066,667 No. of equity shares of
 Rs
 10/- each at a premium of Rs 65 per share.
 
 1999
 
 - The Company has launched its services in the Kashmir Valley.  The
 company has entered into a regional service participant (RSP)
 agreement
 with Priority Courier Services to service the Kashmir Valley region.
 
 - The company hasreceived A+ rating from Crisil for its proposed
 non-convertible debentures.
 
 - The Company will be setting up its Business Logistics designs.
 
 2000 
 
 - Duff and Phelps India has assigned a D1+ rating to the Rs 10 crore
 CP
 issue of the company.
 
 - BDEL claims to be the largest express company in the country.
 
 - Blue Dart has a tie-up with Federal Express for this business. 
 Blue
 Dart is the leader in the domestic courier industry with a market
 share
 of around 36 per cent.
 
 - The Company has entered into a strategic alliance with Super Fast
 Courier Service in the east as part of its move to expand its reach
 in
 the secondary markets.
 
 - The Company, the country's largest integrated air express company,
 has tied-up with China Airlines.
 
 2001 
 
 - Domestic courier major Blue Dart Express has declared a 1:1 bonus.
 
 - Blue Dart Express Ltd., India's leading integrated air express and
 logistic service provider has signed an exclusive agreement with
 Crown
 Couriers, a leading courier company.
 
 - Blue Dart Express Ltd, integrated air express and logistics
 company,
 has opened its office in Bangalore, strategically located close to
 the
 airport.
 
 2002
 
 -Company has high load factor of 86% on its aircraft.
 
 -Ties up with DHL Worldwide Express which is a five year sales
 alliance.
 
 -Llyod's Register Quality Assurance certifies the company's new
 global standard ISO 9001:2000 for all its products/services.
 
 -Enters into an interline agreement with South African Airways.
 
 2003
 
 -Begins customer satisfaction standard 'net service levels' .
 
 -Acquires 4th aircraft, Boeing 737 as part of its fleet expansion
 plans.
 
 -Mr Kushroo Dubash, Director along with his family members purchases
 6415 shares.
 
 -Places 90-day Commercial paper at 5% with a state run bank for Rs.5
 cr.
 
 -Bhiwandi emerges as a warehousing hub for the company.
 
 -Blue Dart inks pact with Sri Lankan Airlines
 
 2004
 
 -Blue Dart joins hand with Hayleys
 
 2007
 
 -Blue Dart Express Ltd has informed that Mr. Thomas Murphy as a
 Director of the Company with effect from September 03, 2007.
 
 - Blue Dart Express Ltd has informed that the Board of Directors
 approved the appointment of Mr. Daniel J McHugh as an Additional
 Director of the Company with effect from December 23, 2008.
 
 2009
 
 - Blue Dart Express Ltd has informed that the Board of Directors
 approved the appointment of Mr. Christopher Ong as an Additional
 Director of the Company with effect from June 02, 2009.
 
 2010
 
 -Blue Dart honoured with 'Customer & Brand Loyalty' Award
 
 -Blue Dart Wins Four Accolades in a Row
 
 -Blue Dart wins Jamnalal Bajaj Fair Business Practices Award 2010  
 
 -Blue Dart offers Express Pallet (Domestic): Convenient, Flexible,
 Specialized Palletized Packaging Solution priced to include
 door-to-door delivery service within India both by Air and Ground
 mode.
 
 -DHL & Blue Dart Take Gold in Reader's Digest Trusted Brand 2010
 Awards  
 
 -Blue Dart wins Award for Best Motivational Practice in Services
 
 2011
 
 -DHL and Blue Dart steer India's logistics in a new direction with
 the launch of Smart Truck 
 
 -DHL and Blue Dart win a host of awards at the 5th Express Logistics
 & Supply Chain Conclave
 
 2012
 
 -Blue Dart accorded 'Customer & Brand Loyalty' Award second time in a
 row 
 
 -Blue Dart and DHL sweep awards at the 6th Express, Logistics &
 Supply Chain Conclave 
 
 -Blue Dart amongst the Top 25 'India's Best Companies to Work For
 2012'  
 
 
 
 
 
 
 
 
 
 
Source : Dion Global Solutions Limited
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