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Allcargo Logistics > Company History > Transport & Logistics > Company History of Allcargo Logistics - BSE: 532749, NSE: ALLCARGO

Allcargo Logistics

BSE: 532749|NSE: ALLCARGO|ISIN: INE418H01029|SECTOR: Transport & Logistics
Oct 22, 16:00
2.95 (3.18%)
VOLUME 28,747
Oct 22, 15:59
2.9 (3.14%)
VOLUME 617,654
Company History - Allcargo Logistics
Allcargo Logistics Ltd., part of The Avvashya Group, is a
 multinational leader in integrated logistics. The Company offers
 specialized logistics services across Multimodal Transport
 Operations, Container Freight Station Operations and Project &
 Engineering Solutions. Allcargo operates across 90 plus countries
 through 200 plus offices globally. Its services comprise global
 Multimodal Transport Operations (NVOCC, LCL & FCL), pan India CFS/ICD
 operations, Project and Engineering Solutions (Project Logistics &
 Equipment Hiring Solutions), Ship Owning & Chartering and 3PL &
 Warehousing services. Benchmarked quality standards, standardized
 processes and operation excellence across all the services and
 facilities, have enabled Allcargo Logistics Ltd. to emerge as leading
 players in all these segments. Led by the founder and executive
 chairman Mr. Shashi Kiran Shetty Allcargo employs over 8500 team
 members globally
 The Registered Office of the Company is located at 6th Floor, The
 Avvashya House, CST Road, Kalina, Santa Cruz (E), Mumbai - 400 098,
 Milestones Achieved by The Company: 
 1993: Started as Cargo handling operator at Mumbai port 
 1995: Entered into LCL consolidation as agent of ECU Line 
 2002: Acquired 50% stake in ACM Lines (Pty) Ltd.
 2003: Started Container Freight Station (CFS) at JNPT port - largest
 container port in India 
 2005-06: Acquired ECU Line in stages over 2 years
 2006: Acquired Hindustan Cargo - freight forwarding arm of Thomas
 Listing on Indian stock exchanges - Bombay Stock Exchange and
 National Stock                 Exchange 
 Investment by New Vernon
 2007: Started 2 new CFSs - at Chennai & Mundra 
 2008: Merged Equipment Hiring business (Trans India) 
 Investment by Blackstone
 2009: Blackstone increased stake by converting warrants 
 Started operations as 3PL
 Started 1st Inland Container Depot (ICD) at Pithampur 
 2010: Raised US$ 23.5 Million through Qualified Institutional
 Placement (QIP) 
 Acquired two Hong Kong based companies engaged in Non Vessel Owning
 Common Carrier 
 (NVOCC) business in China and other parts of eastern region 
 2011: Started ICD at Dadri in JV with Concor
 Acquired Mumbai-based project logistics company 
 -The Company has changed its name from to Allcargo Global Logistics
 Ltd. to Allcargo Logistics Ltd.                                      
 Started 2nd CFS at JNPT port
 - Allcargo Logistics Ltd has received Leed India for Core & Shell
 Silver Rating from Indian Green Building Council for achieving Green
 Building Standards for the Avvashya House. 
 - Appointment of Prof. J. Ramachandran as an Additional director on
 the Board by the Company
 - Allcargo Logistics Ltd has acquired US based Logistics Company 
 Econocaribe Consolidators Inc.
 - Allcargo Logistics Ltd has acquired Netherlands based Logistics
 Company FCL Marine Agencies Rotterdam.
 - Allcargo partners with Scania to provide World Class Trailers to
 customers in India
 - Allcargo was conferred with two prestigious awards for outstanding
 performance i e Container Freight Station Operator of the Year
 (Specific) and Most Diversified Logistics Company of the Year.
 - Allcargo was conferred with three awards during the gathering for
 outstanding performance i e Indian Logistics MNC of the Year and
 Project Cargo Mover of the Year
 - Allcargo has been ranked at No.209 (The rank last year was No.216)
 in Indias Biggest Non-Financial Companies category across 500
 companies,whereas Company are ranked No.10 in the category Most
 Subsidiaries across 50 companies. Allcargo is also ranked at No.49
 in the category Biggest Donors across 70 companies in India.
 -Allcargo Logistics honoured by the Indian Chamber of Commerce.
 -Allcargo Logistics Ltd has Setting up of CFS facility at Kolkata
 -Alibaba Joins Hands with Allcargo's Foreign Arm to Speed Up
 -Allcargo Logistics has acquired two additional vessels aggregating
 24000 DWT.
 -The Company has allotted the Bonus Shares to its shareholders in the
 Ratio of 1:1.
Source : Dion Global Solutions Limited
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