Tiger Logistics BAGS CONCOR EXIM Star AWARD For The Year 2023-24

Tiger Logistics (India) Limited, a publicly traded company in the BSE and a participant in international logistics, has gladly made known that the CONCOR EXIM Star Award for the year is now in their possession. The company was accorded a Special Recognition Award for Pant Nagar-CHA, Area-1, for making great strides towards the mode of facilitating international trade and performing customs functions with great efficiency.

The award presented by the Container Corporation of India (CONCOR) emphasizes the professionalism of Tiger Logistics towards the EXIM trade business. The company is amongst others that are empowering the expansion of the Indian supply chain into the global market by empowering them with effective strategies and knowledge.

Tiger Logistics (India) Limited, CMD, Harpreet Singh Malhotra thanked the August body and said "We feel great privilege to win such an award and thank CONCOR for recognizing our work. This is a huge step towards acknowledging our efforts to ease the custom formalities, enhance intermodal connectivity and upgrade the trade structure of India. Heartiest thanks go out to our employees and trustworthy partners like CONCOR who have most deservedly been helpful to us, this award ensures believing that we can reach and troop over greater masses and also serve to underlie our aim to become the best logistics company out there for customers".

In another noteworthy development, Hindustan Petroleum Corporation Limited (HPCL) has recently empanelled Tiger Logistics. This landmark accomplishment underscores the company's standing image as a logistics provider. The company has been charged with assisting HPCL in its transportation and customs clearance activities.

By facilitating import and export activities, Tiger Logistics shows the accuracy and efficiency of its operations.

At the start of the year, the company extended вvital agreements with Bharat Heavy Electricals Limited (Bhel), Bharat Earth Movers Limited (BEML) and Bnplipl. The company has completed a warehousing contract with BHEL and has also been able to successfully carry out major logistical projects for the Airports Authority of India and Hindustan Aeronautics Limited. All these go to show the capability of Tiger Logistics to handle difficult air and sea cargo operations.

In Q2 FY25, the firm's revenue was reported to be Rs 160.17 crore which represented an increase of 200% YoY as compared to an amount of Rs 53.58 crore. Operating profits at 8.79 crore with a margin of 5.49% as against 4.03 crore with a margin of 7.52%, Net profit increased to 7.54 crore from 3.22 crore for the same quarter of the previous year.

Founded over 24 years ago, Tiger Logistics offers all-encompassing logistics solutions such as freight forwarding (air & ocean), defence and project logistics, transportation and customs clearance. In the year 2023, the company started out a platform called "FreightJar" which aims at simplifying the process of booking and managing freight for SMEs/MSMEs. Capitalizing in various regions across the globe, Tiger Logistics caters to the automotive, engineering, textiles, pharmaceuticals, and FMCG sectors thereby bolstering its stature as one of the key players in the field of global logistics.