Since October 2009, Indian economy has been showing signs of
revival.The current year, hopefully, shall present a positive picture
with the macro-environment changing considerably. Stability is evident
in the financial markets and in business sentiments.
In the year under review.TCI Group operated efficiently and responded
optimistically. TCI was able to retain its leading position in the
logistics industry through diligence, commitment and resolution of its
employees. Besides this the management insight and practices were
instrumental in ensuring that the economic downturn did not affect
business operations and rather helped in building a more stronger
All our business divisions have undergone resilience novelty and
adaptability. Each division has brought in newer and better ways of
TCI Freight expanded its over dimensional cargo capabilities by adding
more axles and heavy duty prime movers.
TCI XPS has introduced the Priority Service- the assured Door-to-Door
day definite services for both commercial and non commercial shipments
to metro and non metro locations backed by a Money Back Guarantee
TCI Global saw the signing of contract with China Post for their
shipments in IndiaThe division has also forayed into small break bulk
shipments. TCI Globals operations in Thailand were further
strengthened through a warehouse with a Daily Line Feeding activity for
an auto major.
At TCI Supply Chain Solutions, the year was marked by phenomenal growth
in revenues and profitability with the maturing of several large lead
New collaborations were also seen in the Financial Year. TCI signed a
joint venture with CONCOR (the countrys largest rail container cargo
mover). The core competencies of TCI & CONCOR in road and rail merged
effectively into ILSPL (Infinite Logistics Solutions Private Limited)
will provide the company an ideal platform to provide a national bulk
multimodal logistics solution.
TCI has also initiated the process for demerger of its Real Estate
&Warehousing division to form TCI Developers Limited (TDL),the latest
addition to the Group. We firmly believe that TDL has immense potential
in turning our existing real estate into commercial ventures and
accelerate our vision to create middle logistics infrastructure like
multi modal logistics parks,truck terminals, free trade warehousing
The financial year was a rewarding year for the company.The full year
Profit After Tax for the Standalone entity has increased by 51.77% to
Rs. 42.98 Cr. from Rs. 28.32 Cr. while the Net Sales/Income from
Operations during 2009-10 has grown by 11.51 % to Rs. 1454.61 Cr.
against Rs 1304.42 Cr.
The companys consolidated revenues increased by 12.25% from Rs 1358.28
Cr. to Rs 1524.72 Cr. and consolidated PAT was reported at Rs 41.27 Cr.
The overall growth in each of TCIs division has been promising and the
business volumes and profitability have been in sync with our
We aim to sustain the momentum and are targeting a growth of
15-20% in the next fiscal.
I also take this opportunity to thank all our
share holders for their unflinching support in making your company a
true leader in logistics.
Vice Chairman & Managing Director