Allcargo Logistics
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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, also known as JNPT and Nhava Sheva Port, is the second largest container port in India after Mundra Port. Operated by the Jawaharlal Nehru Port Trust Authority (JNPTA), it is located on the eastern shores of Arabian Sea ...
, Mumbai. Initially, the company started as a customs house agent and provided freight forwarding services. In 1995, ECU-Line, an
Antwerp Antwerp (; ; ) is a City status in Belgium, city and a Municipalities of Belgium, municipality in the Flemish Region of Belgium. It is the capital and largest city of Antwerp Province, and the third-largest city in Belgium by area at , after ...
-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, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...
(in
Tamil Nadu Tamil Nadu (; , TN) is the southernmost States and union territories of India, state of India. 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 Indi ...
) and
Mundra Mundra is a census town and a headquarter of Mundra Taluka of Kutch district, Kachchh district in the Indian States and territories of India, state of Gujarat. Founded in about the 1640s, the town was an important mercantile centre and port thr ...
(in
Gujarat Gujarat () is a States of India, state along the Western India, 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 List of states and union territories ...
), and one in
Kolkata Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...
(in
West Bengal West Bengal (; Bengali language, Bengali: , , abbr. WB) is a States and union territories of India, state in the East India, eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabi ...
), 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. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...
-based
Gati Ltd Allcargo Gati Limited is an Indian logistics company headquartered in Hyderabad, Telangana. It engages in surface and air express logistics, warehousing, supply chain, air freight, and E-commerce in India, e-commerce services. Founded in 1989, ...
. 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 A container is any receptacle or enclosure for holding a product used in storage, packaging, and transportation, including shipping. Things kept inside of a container are protected on several sides by being inside of its structure. The term ...
(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 bound by the Indian states of Maharashtra to the north, and Karnataka to the ...
,
Hosur Hosur is an industrial city located in the Tamil Nadu state of India. Hosur is one of the 21 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 of 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 c ...
(near Mumbai).


Logistics Parks

Allcargo’s logistics parks and warehousing facilities are located at
Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...
,
Bengaluru Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...
,
Ahmedabad Ahmedabad ( ), also spelled 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 ...
,
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, but spread chiefly to the west, or beyond its Bank (geography ...
(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

*{{Official website, allcargologistics.com 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