Transport Corporation of India was set up in 1958 with the aim to modify the cargo transportation market in India. Transport Corporation of India (TCI) is one of the most leading and traditional cargo transportation firms in Asia and also is ranked fourth as the most esteemed and efficient service organization in India. TCI has 1000 branches owned by the company itself which is spread all over the country covering almost all the cities and towns in the country. The company of Transport Corporation of India Ltd. consists of well-accoutered and secures go downs, offices and warehouses; covering an area of more than 3 million square feet. The strength of cargoes handled by Transport Corporation is around 5.5 million tons every year. These cargoes carry a variety of products which include raw materials; industrial products; consumer durables; drugs and pharmaceuticals; and agricultural products. These days, TCIL (Transport Corporation of India Ltd.) is also carrying refined items like refrigerated cargo, time sensitive and high value cargo.
Transport Corporation runs 3000 trucks that execute 15,000 cargoes daily. TCIL uses the state-of-the-art equipment to transport cargoes of any size, weight and dimensions and also transports heavy duty equipment. Besides, the company provides an exact and timely data to the consumers that also meet reduced response time management. TCI has got the certification of ISO 9001:2000 for being India's best surface transport company. It is known to be an integrated logistics service providing country.
Transport Corporation of India has a group of companies. These are as follows:
- XPS – involved in transportation of high value cargo products all over India along with courier services both locally and globally.
- TCI Seaways – deals with coastal cargo movement
- Transystem – a conglomeration of TCI and Mitsui & Co. (Japan) which is a logistics collaborator of Toyota Kirloskar Motors
- TCI Supply Chain Solutions – known to be the third party logistics operator popularized as TCI Logistics that provides its clients with custom-made logistics solutions in transportation, storage facilities, inventory management, order processing and distribution management.
- Logisticsfocus.com – a portal for the logistics community
There has been a 76.76% growth in the net profit of Transport Corporation of India Ltd. (which is precisely from Rs.37 million for quarter ended September 30, 2005) to Rs.65.4 million for quarter ended September 30, 2005. In addition to the outstanding growth in profit, Transport Corporation has also witnessed two recent developments which are:
- Declared about the merger of TCI Seaways which is an unregistered group company and TCI itself.
- TCI's 20 million equity shares got subdivided into 100 million equity shares at Rs.2 per share.
Along with all these achievements, Transport Corporation of India is planning up for a broader trade which will include warehousing, trucks, IT systems and shipping. The company has already begun to broaden its variety of services and brands with the launch of XPS and Transystem. TCI has also decided to extend its business venture very soon standing on the TCI platform.
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