Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector
By Shashikant Singh |
12/28/2017 11:49 AM Thursday
Logistics sector will play a vital role in driving the ‘Make in India’ vision to success. Moreover, recent steps taken by the central government in respect of granting infrastructure sector status to the emerging logistics sector and smoothened the process of GST implementation will make this a promising sector going forward. Buoyant by such developments, one of the key players in the logistics and transportation sector, Tiger Logistics (India) is likely to post a healthy topline growth in the next one year. The company with a specialisation in handling international logistics has recently roped in P&G Associates also to tap the immense opportunities in the defence logistics segment. This might help company outperform the growth of the industry.
The company which operates with an asset-light model from more than 60 different destinations in and outside India is also aiming to enter new avenues of growth. It has also decided to enhance the network of agents and partners in new geographies, thus further enhancing the company's global competitiveness and capability to serve the customers. The company has been serving major Indian and multinational corporates like BHEL, ABB, HAL, Bajaj Auto, Hero, LG, Welspun, Lloyd and has been witnessing a steady increase in the number of clients over the years.
During the first half of FY18, the total revenue of the company grew by 4.8 per cent to Rs. 147.2 crore from Rs. 140.6 crore reported during the corresponding period of the last financial year, even after facing the initial negative impact of GST implementation. The company provides logistics services across varied sectors thereby hedging its risk during downturns in the economic cycle.
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