Harpreet Singh Mal­ho­tra-MD, Tiger Lo­gis­tics

pub­lic eq­uity mar­ket

Cargo Talk - - Editorial -

Com­ment­ing on the new de­vel­op­ment, Mal­ho­tra main­tained that rais­ing fi­nance from the mar­ket and in­creas­ing cred­i­bil­ity is a ma­jor is­sue. “With this list­ing, it will help us to in­crease the cred­i­bil­ity of the com­pany in the mar­ket and give a mes­sage to the banks, to take the com­pany more se­ri­ously. Along with this, there are var­i­ous or­gan­i­sa­tions that are 30-40 years old in the lo­gis­tics in­dus­try, but still not listed. So, it will give us more ad­van­tage if we are go­ing for a com­pet­i­tive bid­ding,” he ex­plained. Mal­ho­tra also elab­o­rated that get­ting the right kind of hu­man re­source was a big chal­lenge for the com­pany so far, but the list­ing of the com­pany has re­moved this hin­drance as well and in­creased cred­i­bil­ity. “Now people from multi­na­tional com­pa­nies are join­ing us as they know that this is a well-or­gan­ised and cred­i­ble com­pany,” he ex­plained.

Mean­while, af­ter the di­lu­tion of 25 per cent of to­tal stake of Tiger Lo­gis­tics, it raised around ` 7.5 crore of cap­i­tal. The funds are be­ing utilised as per the com­pany’s plan for the work­ing cap­i­tal.

“We have en­tered in all the prod­ucts and are ex­pand­ing project busi­ness with a big­ger team of pro­fes­sion­als. The most in­ter­est­ing thing is that Tiger Lo­gis­tics has suc­cess­fully opened its new of­fices in some of the re­mote ar­eas as well. We are now ma­jorly fo­cussing on South­ern do­mes­tic mar­kets also,” Mal­ho­tra shared.

More­over, Tiger Lo­gis­tics is also plan­ning to open of­fices in South Amer­ica in Brazil and Mex­ico. This will give ad­van­tage to its ex­ist­ing and po­ten­tial cus­tomers to avail all lo­gis­tics so­lu­tions un­der one roof. “In the com­ing days, we are sure that Tiger Lo­gis­tics would be a pan In­dia player with its pres­ence in all seg­ments rang­ing from nor­mal con­tain­ers to reefers, flexi tanks, road trans­ports, break bulk and project car­gos,” Mal­ho­tra added.

on mar­ket sce­nario

In spite of the eco­nomic de­cline in the pre­vi­ous year, the lo­gis­tics in­dus­try has been one of the in­dus­tries gear­ing up to surge ahead. It has the huge po­ten­tial to at­tract new play­ers in the days to come. “There is a paucity of or­gan­ised play­ers in some of the emerg­ing mar­kets in In­dia and over­seas as well. There are still no play­ers who can pro­vide all lo­gis­tics so­lu­tions un­der one roof and this is an at­trac­tive op­por­tu­nity for the lo­gis­tics or­gan­ised com­pa­nies, in­clud­ing Tiger Lo­gis­tics, to ex­pand its oper­a­tion,” Mal­ho­tra said.

In his opin­ion, au­to­mo­tive, re­tail, health­care and man­u­fac­tur­ing sec­tors, are some ar­eas which ma­jorly de­mand 3PL ser­vices to source and dis­trib­ute their prod­ucts. He also be­lieves that the mar­ket is ready to pro­vide new op­por­tu­ni­ties and the good thing about the lo­gis­tics in­dus­try is that the 3PL mar­ket has given sup­port to it.

With the ad­vent of FDI in re­tail sec­tor and the govern­ment fos­ter­ing the in­fra­struc­ture sec­tor, the 3PL ser­vice in­dus­try has seen ma­jor im­prove­ments and fresh de­mand. “How­ever, there are larger parts of In­dia still wait­ing for the govern­ment in­vest­ment in the in­fra­struc­ture sec­tor which can fur­ther give the new heights to the lo­gis­tics in­dus­try. In this jour­ney of suc­cess, Tiger is ready to prove its sharp and spec­tac­u­lar pres­ence on pan In­dia ba­sis,” Mal­ho­tra con­cluded.

Tiger Lo­gis­tics has re­cently been en­listed with Bom­bay Stock Ex­change (BSE) which paves the way for list­ing on the Bom­bay Stock Ex­change, BSE SME plat­form. Speak­ing

to Car­gotalk, Harpreet

Singh Mal­ho­tra, MD, Tiger Lo­gis­tics in­formed that it is the first and the youngest lo­gis­tics com­pany to be listed on the BSE SME ex­change. It is also the 10th lo­gis­tics com­pany in In­dia to go pub­lic.

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