Harpreet Singh Malhotra-MD, Tiger Logistics
public equity market
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.