* Excluding extra ordinary other income of Rs.0.42/ 7 Crores during 2006-07 and 2005-06 respectively

Upbeat on the Company’s phenomenal performance in 2006-07, Mr. D P Agarwal, Vice Chairman & Managing Director, TCI said, “We have witnessed significant growth in business this year that has enabled us to become an over Rs.1200 Crores Group. The growth can be ascribed to both intrinsic and extrinsic factors. We had strategically planned to diversify the business and consolidate our presence in certain identified spheres such as warehousing, shipping, express delivery and supply chain solutions. The growth in each of these businesses has been promising and we are confident of sustaining the momentum. In addition, the demand from the manufacturing and retail sector, reduction in diesel prices and an overall buoyant economy has given impetus to the business.”

On the future outlook of the company, he said, “We have been consistently growing at the rate of 15-20% Y-o-Y and with our aggressive investment plans, we are confident of achieving a steady growth of 25-30% Y-o-Y. While we will continue to provide all encompassing supply chain solutions to industry verticals like auto, telecom, FMCG, etc., we are extremely bullish about the mounting demand from retail companies and are looking at deriving a major chunk of our business from this sector. Apart from investing for capacity augmentation and infrastructure upgradation, we plan to expand our network both nationally and globally.”

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