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Allcargo Logistics Ltd. Company History and Annual Growth Details

Our Company was promoted by Mr.Shashi Kiran Shetty and incorporated
on August 18, 1993 as a private limited company under the name of All Cargo
Movers (India) Private Limited. A fresh certificate of incorporation was obtained
on June 25, 2004 subsequent to the change of name to Allcargo Movers (India) Private
Limited. The name of our Company was changed to Allcargo Global Logistics
Private Limited with effect from December 8, 2005. Subsequently, our Company
was converted into a public limited company, pursuant to which a fresh certificate
of incorporation was obtained on January 17, 2006.

Our Company commenced its operations in 1993 as a shipping agency house and
in addition provided freight forwarding services. After achieving thorough expertise
and customer support, it became a Multimodal Transport Operator (Registration No.
MTO/DGS/163/98) from June 1998. This registration is renewable every three years
and is presently valid till June 12, 2007.

Our Company provides various services such as inbound & outbound consolidation,
multi-city consolidation, FCL forwarding, airfreight forwarding activities, project cargo
handling and transportation and CFS operations. Today our Company is one of the
leading consolidators with 17 branches and 9 franchisees in India. Our Company has
made strategic investments in Ecu Hold NV, Belgium, ACM Lines Pty. Ltd., South Africa
and has a JV with Transworld Logistics and Shipping Services Inc., USA.

Our Company has, vide an agreement dated January 10, 2006, increased its stake
in Ecu Hold NV to 49.99% from 33.80%. Ecu Hold NV is a key NVOCC player having
a presence globally via 110 own offices in 56 countries and franchisee and agents
network across 203 locations in 120 countries totalling to 313 locations in 176 countries.
Our association with Ecu Hold NV has enabled us to have a wider presence globally.

The Registered Office of our Company was originally located at 303, Green Star, Rizvi
Complex, Opposite Shirley Rajan Road, Bandra (W), Mumbai 400 050. Our office was
shifted with effect from June 28, 1999 to Wakefield House, 1st Floor, Sprott Road, Ballard
Estate, Mumbai 400 038, and subsequently shifted to Diamond Square, 5th Floor, CST
Road, Kalina, Santacruz (E), Mumbai 400 098 with effect from July 1, 2003.

Transportation Division:

Our Company had a transport division, which carried on business till October 31, 2005.
The said transport division had leased its various transport equipments to Transindia Freight
Services Private Limited (a part of the Promoter Group company) and earned income by way
of hire and transport charges. The income generated by the said transport division amounted
to 2.1% of our Companys total income for the year ended March 31, 2005. Our Company has
on out right sale basis transferred majority of the assets relating to the said transport division,
along with related liabilities to Transindia Freight Services Private Limited and Meridien
Tradeplace Private Limited with effect from November 1, 2005 vide an agreement
dated October 31, 2005.

Milestones achieved by our Company

Our Companys growth over the last 12 years is highlighted below:

Year Event
Incorporated as a private limited company.

Appointed as agents of ASIA Lines Ltd., a Mauritian Shipping Line, and to
work for them under the daily supervision of general agents i.e. Sea trade
Services LLC, Dubai, UAE.

Formed association with Ecu Line NV, Belgium to serve as their agents in
Mumbai and New Delhi.

Obtained MTO licence from the Ministry of Shipping, Government of India.

Made strategic investments in Ecu Line, Mauritius and Ecu Line, Middle East

Rewarded with Best Consolidator Award by CONCOR.

Acquired 50% stake in ACM Lines (Pty) Ltd.

Entered into a JV with Transworld Logistics & Shipping Services Inc.
Commissioned CFS at Koproli near JNPT.

Obtained ISO 9001:2000 Certificate from Det Norske Veritas (DNV).

Commissioned the 2nd phase of our CFS at Koproli near JNPT.

Sarted Project Cargo Handling business.

Acquired 33.8% stake in Ecu Hold NV with representation on the Board.

Commisioned expansion of the 3rd phase of our CFS at Koproli near JNPT.

Increased the stake to 49.99% in Ecu Hold NV.

Converted into a public limited company.
Commissioned 3rd phase of our CFS at Koproli near JNPT.
Acquired the freight forwarding arm of Thomas Cook, Hindustan Cargo.

Awarded 'Logistics Company of the Year' by Lloyds List.
Commissioned New Container Freight Stations at Chennai & Mundra.

Awarded 'Logistics Company of the Year' by Indian Maritime Gateway.

Entered into joint venture with Concor to set up ICD facility in Dadri.

Brought in Blackstone Group as a private equity investor.
Acquired the equipment rental business from TransIndia.

Allcargo Global Logistics Ltd. entered into a joint venture agreement with Hind Terminals Pvt Ltd for managing and operating the ICD at Pithampur in Indore.

Allcargo Global Logistics Ltd. commences Third Party Logistics (3PL) Division.

Allcargo Global Logistics Ltd. declared 'Company of the year' in the logistics category at the NDTV Profit Business Leadership Awards 2009.

Strategic Alliance with Hind Terminals to set-up and operate ICDs across India.

The first Allcargo Global Logistics Ltd. Inland Container Depot (ICD) was started at Pithampur.

Allcargo Global Logistics Ltd. has been ranked at 2nd position in Logistics segment and at 290th position overall in the 'FORTUNE 500' companies in India by 'Fortune India'

Allcargo Global Logistics Ltd. was ranked at No. 251 as per ET 500-2010 list, which is the most awaited list of India's leading 500 companies brought out by Economic Times

The company also won the 'Logistics Company of the year' and the 'Freight Forwarder of the year (Indian)' at the All- Maritime and Logistics Awards (MALA) 2010.

Allcargo Global Logistics Ltd. has recently bought a company based in London called SHE Maritime just before the Hong Kong acquisitions

Allcargo Global Logistics Ltd. Acquires two Hong Kong based companies engaged in Non Vessel Owning Common Carrier (NVOCC) business in China and other parts of eastern region.

Allcargo Global Logistics Ltd. embarks on an expansion drive of its Container Freight Station