We are a logistics company based in Faridabad, Haryana, providing long haul supply chain transportation services by road across India. We offer express supply chain transportation services by road under Full Truck Load (“FTL”), to a diverse range of companies who are inter alia engaged in the logistics, steel and cement, e-commerce, industrial & chemicals, FMCG and white goods sectors. As of June 30, 2024, we had carried out more than 80% of the trips through owned fleets and the remaining were undertaken through fleets hired from the open market on an ad-hoc basis. We offer technology enabled logistics services to our clients to optimize our operations and minimize contingencies. We completed over 98,913 trips during Fiscal 2024 and 24,552 trips for the three months period ended June 30, 2024 on a pan India basis. We derive more than 98% of our revenue by providing long haul supply chain transportation services. Our services include shipment planning, route optimisation, fleet selection, documentation, tracking, communication and coordination and performance evaluation.
As on October 31, 2024, our fleet size is 1,131 vehicles which consists of 213 trailers and 918 container trucks, with dimensions ranging from 32 feet to 40 feet and tonnage capacity of up to 42 tonnes. Out of the total fleet, 292 vehicles are debt free consisting of 34 trailers and 258 container trucks. As on the date of filing of the Draft Red Herring Prospectus, 34 number of vehicles are yet to be transferred in the name of our Company from Trans Cargo India, a sole proprietorship firm of one of our Promoter, Manish Bindal. Our fleets are equipped with Internet of Things (“IoT”)-based solutions such as Geo Fencing, Centralised Digital Locking, GPS and SIM based tracking, Advance Driver Assistance System (“ADAS”)/Driver State Monitoring (“DSM”) as well as AI-powered rear camera technology. The average age of our fleet is 2.88 years, ensuring a modern and reliable fleet.
During Fiscal 2024, we transported approximately 11,94,199.50 tonnage (billed) throughout India. We maintain an on-time delivery rate of 76.04% for the three months period ended June 30, 2024, and 78.13% for Fiscal 2024, 72.38% for Fiscal 2023, 63.84% for Fiscal 2022, for providing the transportation services.
As on September 30, 2024, we operate on a pan-India basis through an established network of twenty-two branches having facility of placements, loading and unloading.