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Allcargo expects to be among top 10 logistics firms globally in 3-4 years

October 09 , 2022

Source: Business-Standard:

Logistics Firm Allcargo Group is bullish on its business prospects and expects to grow at an average 15% annually, mainly driven by organic growth, its chairman Shashi Kiran Shetty has said.

The company is also looking to be among the top 10 players in the global logistics space in the next 3-4 years.

According to a recent investors' presentation, the group is aspiring to achieve 25,000-30,000 crore topline by 2026 with as much as 20,000-25,000-crore revenue from its international supply-chain business, and 2,700-3,500 crore from its express and contract logistics segment.

"We are pretty bullish (on our business prospects) in the years to come. Fundamentally, we are focussed, and these businesses have infinite growth opportunities. We are among the top 20 logistics companies in the world today and we can get into the top 10 in the next 3 - 4 years, Shetty said.

The company's strategy will always be long-term, sustainable and growth-minded to consolidate the industry and take opportunities as they come, he said.

"Our recent restructuring programme is also giving a clear signal that want to be an asset light business model and all our assets getting into one company, he said.

"We are looking to grow at 15% annually. We may go higher (than this number) as well,' he added.