About Transport Corporation of India Limited

Transport Corporation of India Limited (TCI) is a leading integrated multimodal logistics and supply chain solutions provider with a robust pan-India presence and operations across the SAARC and BBIN regions. With a history of over six decades, TCI offers comprehensive services spanning road, rail, sea, and warehousing, guided by its C.O.R.E values—Customer Focus, Ownership, Responsiveness, and Empathy. The company manages over 16 million sq. ft. of warehousing space, operates six coastal ships, and serves seven out of India’s 12 major ports. Its infrastructure includes 10,000+ lorries, 2,500+ train movements, and three AFTO trains dedicated to high-end automobile logistics.

TCI’s product offerings include full truckload (FTL) and less-than-truckload (LTL) services, over-dimensional cargo (ODC) and project heavy haul (PHH) logistics, inbound and outbound logistics, domestic rail container and automotive transport, reefer storage and transport, coastal shipping, port logistics, clearing and forwarding agent (CHA) services, freight forwarding, cross-border logistics within SAARC, and global operations. These services are delivered as integrated 3PL/4PL and control tower-led solutions. Geographically, TCI operates primarily within India, extending cross-border operations into Bangladesh, Nepal, and the Middle East. The Group comprises eight subsidiaries (including step-down subsidiaries), one joint venture, and one associate as of March 31, 2025.

Key Milestones of Transport Corporation of India Limited

• Originated with a single lorry and modest office in Kolkata, evolving into a private limited company.
• Early digitization with computer adoption across branches.
• Public listing in 2016.
• Entry into maritime logistics marked by acquisition of first two coastal ships.
• Launch of express services and formation of a key joint venture.
• Introduction of the Indian Road Freight Index (IRFI) to encourage transparent, data-driven freight pricing.

Transport Corporation of India Limited Business Segment and Geographic Presence 

Revenue by Segment (FY 2024–25):

• Goods Transportation by Road & Rail: 43%
• Supply Chain Management: 41%
• Goods Transportation by Sea: 15%

Geographical Presence:

• Primarily India with extensive nationwide reach.
• Cross-border operations in Bangladesh, Nepal, and Middle East.
• Exports account for 0.40% of total turnover.

TCI operates a single consolidated business segment encompassing multimodal logistics and integrated supply chain solutions. Its expansive service portfolio includes surface transport, rail logistics, coastal shipping, warehousing, and value-added logistics services such as 3PL/4PL and control tower operations, catering predominantly to B2B clients across sectors like automobile, telecom, retail, pharmaceuticals, and e-commerce.

Transport Corporation of India Limited Key Management

• D. P. Agarwal – Chairman & Managing Director
• Vineet Agarwal – Managing Director
• Ashish Kumar Tiwari – Group CFO
• Archana Pandey – Company Secretary & Compliance Officer
• Ishwar Singh Sigar – CEO, TCI Freight
• Manoj Kumar Tripathi – CEO, TCI Supply Chain Division
• Ram Ujagar Singh – CEO, TCI Seaways Division
• Jasjit Singh Sethi – Chief Strategy Officer
• Mukti Lal – Chief Financial Officer
• Priyanka – Company Secretary & Compliance Officer
• Pabitra Mohan Panda – Sr. Chief Sales & Marketing Officer
• Ashok Pandey – Chief Operating Officer (Multimodal Express)

Latest Updates on Transport Corporation of India Limited

• Strategic portfolio action: Transferred chemical logistics business to a wholly owned subsidiary via slump sale for Rs 452.40 million effective November 1, 2024; consideration to be paid through securities issuance.
• Capital allocation: Approved buyback of up to 13,33,333 equity shares at Rs 1,200 per share in August 2024, with shares extinguished in September 2024, at a total cost of Rs 1,600 million excluding transaction expenses.
• Fleet expansion: TCI Seaways plans acquisition of second-hand ships and two new vessels under construction by FY 2026–27.
• Governance and credit ratings: Credit ratings include CRISIL AA/Stable (long-term), ICRA A1+ (short-term/CP), and Dun & Bradstreet 5A1, affirming strong fundamentals and low credit risk.
• Network expansion: Added new branches in surface, rail, and air segments; commissioned state-of-the-art sorting centres enhancing capacity and turnaround times.
• Technological adoption: Deepened ERP integration, AI/ML-driven route optimization, blockchain for records, and real-time tracking for enhanced accuracy and customer service.
• Multimodal service growth: Expanded temperature-controlled rail express services for specialized sectors.
• Operational efficiency: Achieved 82.5% capacity utilization in FY 2024–25.
• Awards and certification: Received CII SCALE Award 2024 for Supply Chain and Logistics Excellence, featured in Forbes India’s Select 200 Companies with Global Business Potential (DGEMS 2024), and earned Great Place to Work certification for five consecutive years.