The logistics company has built an enviable bouquet of offerings. Why then are the markets not impressed?
An American business sending a half-container load of goods to Antwerp, or an Indian company supplying auto parts to a car manufacturer in Gurgaon or leasing space in a logistics park could conceivably do this by entering into an agreement with just one company Allcargo Logistics. With its wide variety of offerings in the logistics space, the company has positioned itself as a one-stop shop for businesses that need to move goods quickly.
It’s a unique offering that resonates with business owners and is not something that Allcargo’s Indian rivals have been able to build. “Pre-2020, we didn’t have any presence in the domestic [logistics] market. The company now stands a lot taller in the domestic arena,” says Shashi Kiran Shetty, founder and chairman of Allcargo Group. Over the last three decades he has scaled the business to a market cap of Rs 9,000 crore.