Allcargo Logistics Limited is a Mumbai-based Indian logistics company. It is known to offer multi-modal integrated logistics and transportation services worldwide.

History

The company, founded by Shashi Kiran Shetty, commenced operations in 1994 as a cargo handling operator at

Jawaharlal Nehru Port Jawaharlal Nehru Port Trust (JNPT) or JLN Port, also known as Nhava Sheva Port, is the second largest container port in India after Mundra Port. Located in Navi Mumbai's Raigad district, this port on the Arabian Sea is accessed via Thane Creek ...

, Mumbai. Initially, the company started as a customs house agent and provided freight forwarding services. In 1995, ECU-Line, an

Antwerp Antwerp (; nl, Antwerpen ; french: Anvers ; es, Amberes) is the largest city in Belgium by area at and the capital of Antwerp Province in the Flemish Region. With a population of 520,504,

-based logistics firm, appointed Allcargo as their India agent. In 2003, the company started its first Container Freight Station (CFS) at JNPT. In 2007, it started two new CFSs at

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

(in

Tamil Nadu Tamil Nadu (; , TN) is a States and union territories of India, state in southern India. It is the List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of India ...

) and

Mundra Mundra is a census town and a headquarter of Mundra Taluka of Kutch district in the Indian state of Gujarat. Founded in about the 1640s, the town was an important mercantile centre and port throughout its history. Mundra Port is the largest pr ...

(in

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

), and one in

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

(in

West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fourt ...

), in 2017. In 2018, Allcargo Logistics decided to monetize its existing land banks and expand into logistics and industrial parks to provide warehousing services under the name Allcargo Logistics Industrial Parks Private Limited. As of 2020, Allcargo is one of the largest non-vessel operating common carrier, with a focus on Less-than-container load business and domestic interests in container freight stations, international supply chain, express distribution, and contract logistics. In June 2023 Allcargo re-designates Shashi Kiran Shetty as Executive Chairman.

Mergers and acquisitions

In 2006, Allcargo acquired Antwerp-based ECU-Line, an ocean freight services provider, whose agent it was in India. In the same year, private equity firm New Vernon Capital Fund acquired 6.42% stake in Allcargo. In 2008, Blackstone GPV Capital Partners picked up a 6% stake in the company, which was later increased to 14.99% in by converting warrants worth US$23 million. In 2013, Allcargo Logistics acquired US-based Econocaribe Consolidators and a controlling stake in Netherlands-based logistics company FCL Marine Rotterdam through its wholly-owned arm Ecuhold NV. In 2016, ECU-Line, Econocaribe and other international acquisitions were rebranded into ECU Worldwide. In 2020, it acquired controlling stake in

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

-based

Gati Ltd Gati Limited is an Indian logistics company, headquartered in Hyderabad, Telangana. It offers surface and air express logistics, warehousing and supply chain, air freight and e-commerce services. Gati has offices in all major states of India. G ...

. In July 2021, Allcargo acquired 65% stake in Swedish logistics major Nordicon for $29 million.

Services

Multimodal Transport Operations (MTO)

Allcargo's MTO service comprises NVOCC operations related to LCL consolidation and neutral FCL activities globally, through its wholly-owned subsidiary ECU Worldwide. Initially, Allcargo entered the business of LCL consolidation as agents of ECU Worldwide (then known as ECU-Line). With an international network across 180 countries, the division provides direct export/import and multicity consolidation services.

Container Freight Stations (CFS) and Inland Container Depots (ICD)

Allcargo commenced CFS operations in 2003 at JNPT (Navi Mumbai). At present, it operates four CFSs (one at JNPT and one each in Chennai, Mundra and Kolkata). Its ICD at Dadri in the National Capital Region, is a joint venture with the

Container Corporation of India Container Corporation of India Limited (CONCOR) is an Indian public sector undertaking which is engaged in transportation and handling of containers. Incorporated in March 1988 under the Companies Act, CONCOR commenced operations in November 19 ...

(CONCOR), with Allcargo's stake at 51%. Its services comprise export and import handling, LCL shipments, bonded and open warehousing, first and last-mile transportation, maintenance and repair of the dry container, reefer monitoring, and hazardous material handling.

Third-party logistics (3PL)

Allcargo’s contract logistics division operates warehouses at locations like

Goa Goa () is a state on the southwestern coast of India within the Konkan region, geographically separated from the Deccan highlands by the Western Ghats. It is located between the Indian states of Maharashtra to the north and Karnataka to the ...

Hosur Hosur is an industrial city located in the Indian state of Tamil Nadu. Hosur is one of the municipal corporations in Tamil Nadu. It is located on the bank of the river River Ponnaiyar, southeast of Bengaluru and west of Chennai, the state ...

, and

Bhiwandi Bhiwandi () is a city in the Thane district in Maharashtra, India. It is located northeast of Mumbai and northeast of the city of Thane. The city is a part of the Mumbai Metropolitan Region. Bhiwandi is a commercial city and a major trade ce ...

(near Mumbai).

Logistics Parks

Allcargo’s logistics parks and warehousing facilities are located at

Bengaluru Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

Ahmedabad Ahmedabad ( ; Gujarati: Amdavad ) is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 (per t ...

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...

(NCR) and other trade hubs.

Gallery

File:Allcargo CFS, Chennai.jpg, Container Freight Station, Chennai File:Allcargo CFS, Kolkata.jpg, Container Freight Station, Kolkata File:Allcargo CFS, JNPT, Mumbai.jpg, Container Freight Station, JNPT Mumbai File:Allcargo Contract Logistics Division, Mumbai.jpg, Contract Logistics Division, Mumbai

References

External links

*{{url, allcargologistics.com, Official site Logistics companies of India Transport companies established in 1993 1993 establishments in Maharashtra Indian companies established in 1993 Companies based in Mumbai Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange