The company posted that in a stock exchange filing the board approved the allotment of 31,011 stock options to those under the Shiprocket employee stock option plan. The company allotted these fresh equity shares under the Shiprocket Employee ESOP 2016. The logistic firm announced that these stock options brought the total ESOP pool size to 174,440 options. Shiprocket offers a platform using a machine learning-based data engine that produces track orders from a single panel, shipping labels and suggests courier services. 

The startup has raised around 323 million USD across multiple funding rounds since its inception, including $11 million secured during its series E funding round at a post-money valuation of 1.21 billion USD from Afos. The startup data intelligence platform, thekredible’s report showed that the existing investor Bertelsmann Nederland B.V is the largest external stakeholder of the firm with 25.1 percent. Tribe Capital follows closely with a 15.80 percent stake in Shiprocket. 

The development came after the company announced its financial results for FY24. This marks the first time since this logistic firm expanded its employee stock option plan’s pool size in the past few months. The company plans to launch its initial public offering round in 2025 with an estimated funding round of Rs 2,500 crore. The company’s closest competitor Unicommerce recently acquired Shipway. This marks the first expansion of Shiprocket’s employee stock option plan pool sizes for this month.

The logistic service and supply chain provider reported a 21 percent increase in its revenue to Rs 1,316 crore in FY24. However, the net loss was around Rs 595 crore in the same duration. The Gurugram-based startup has investors including Lightrock, Zomato, Paypal, and Temasek. Shiprocket faces competition from other e-commerce platforms in the same market segment including ShopKirana, Unicommerce, Pickrr, and ShipBob.

Conclusion :

Shiprocket expanded its employee stock option Plan by allocating 31k stock options under its employee Stock Option Plan 2016. These newly allocated shares are worth around Rs 134 crore. The logistic service solution and supply chain providing platform provides shipping software solutions for e-commerce businesses. This is the maiden Employee Stock Option Plan expansion round. 

The Gurugram-based logistic firm allows customers to manage orders across various marketplaces with order tracking using AWB tracking numbers, order IDs, and more. The addition of new stock options brought the total ESOP size to 17,44,40 stock options. This pushed the total ESOP plan worth to be around 90 million USD. The company posted revenue of Rs 1,316 crore and competes with other platforms like Unicommerce.

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Delhivery is a logistic startup that provides logistic services and a platform to enable its users to track their packages across India. The startup showed a 4.6 percent increase in its operating revenue. The company saw a huge increase in its profit, with a scale crossing Rs 2,100 crore in the same duration.  The National Stock Exchange report mentioned that the operational revenue was around Rs 2,172  crore in the first quarter of FY25.  

Entrackr mentioned in its report that the firm had a sizable profit in the first half of FY25 compared to the previous financial year. This logistics company offers various services including designing and deploying logistics management systems, delivery services, warehousing, and other logistic services.  The firm earns revenue through convenience fees raised from deliveries, designing and deploying logistic management systems, and warehousing. The financial sources provide Rs 110 crore and make the total income to cross Rs 2,282 crore in the Q1 FY25. The logistic unicorn faces competition from other logistic solution providers such as Shadowfax, Lets Transport, and Xpressbees.  

Delhivery offers an online platform to provide its services with the best customer experience. The company is also working on establishing its wholly-owned subsidiary, Delhivery Robotics India to focus on manufacturing drones and target the global market. The startup recently allocated 6.49 lakh stock options to expand its employee stock option plan for the third time in the past few months. The cost of handling takes up to 71 percent of the total expenses. These overall expenses increased by 4 percent to Rs 1,579 crore in the first quarter of 2025. This logistic company has clients including Softbank Group  International, OYO, and IndusInd Bank. 

The startup has raised around 1.3 billion USD across multiple funding rounds since its inception. Earlier,  this year, the company allocated 1,66,122 employee stock options under its ESOP 2012 scheme,  making the total ESOP pool size 1.73 million. The manufacturing, finance, legal, marketing, employee benefits, and other expenses take up to 40 percent of the total expenditure to Rs 2,223 crore in Q1 of  FY25. Even though the company faced internal challenges like decreased express parcel and cross border service it still managed to earn a profit with a total market capitalization of 3.6 billion USD. 

Conclusion:

Delhivery announced a 4.6 percent increase in its operational revenue to Rs 2,172 crore crore.  However, the Profit After Tax stood out at Rs 52 crore. This logistic service provider offers an online platform to track your packages and different logistic solutions such as warehousing, and designing of  logistic management systems. The startup recently increased its employee stock plan option plan by granting 1.6 lakh new stock options. The startup reported a 4 percent increase in its overall expenses to Rs 1,579 crore in the first quarter of FY25. The manufacturing, advertising, employee benefits, and legal expenses increased the overall expenditure of the firm to Rs 2,223 crore in the same duration.

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Where on one hand, sectors such as aviation and tourism were wildly affected by the pandemic, but not the logistics sector due to the lockdown and rapid spike in online shopping.

All transportation challenges in the industry would be simplified and eliminated by Indian logistics and supply chain providers. Logistical businesses combined timeliness and skill to provide appropriate solutions in response to the increased need for logistics support. 

So, without further ado, here is a list of all of India’s best logistics firms for 2022.

Blue Dart Express Limited

Founded – 1983

Blue Dart is India’s one of the most trusted logistics firms, aiming to establish a large network in the express air and integrated transportation and distribution industries.

ET Now Rise with India 2018 has named it India’s Most Awarded Logistics Company. It provides end-users as well as small, medium, and big organizations with a comprehensive range of e-commerce capabilities.

Blue Dart offers interactive tools such as TrackDart, InternetDart, MailDart, MobileDart, ShopTrack, and PackTrack, as well as interactive features such as Location Finder, Price, and Transit Time Finder. It also offers a variety of business connectors, including e-shipping solutions, e-business tools, and more.

• Headquarters  – Mumbai
• Reach – 35000+ pin code
• Website –  https://www.bluedart.com/

Delhivery Logistics Company

Founded – 2011

Delhivery is one of India’s quickest logistics firms, operating out of the country’s capital. Express Parcel, Partial Truckload Freight, Delhivery Cross Border, and supply chain services are among the services offered to e-commerce enterprises and consumers.

The firm, which was created in 2011, is getting ready to launch its Initial Public Offering (IPO). During the epidemic, the company generated significant revenues. You may rely on Delhivery if you need an India-based logistics firm for your e-commerce business or start-up.

This Indian logistics firm has over 21000 customers, including major and small e-commerce players, SMEs, and other significant organizations and brands.

• Headquarters  – Gurgaon, Haryana, India
• Reach – 18000+ pin code
• Website –  https://www.delhivery.com/

Aegis Logistics Ltd

Founded – 1956

The company provides logistics and supply chain services to the oil, gas, and chemical sectors. The company distributes liquefied petroleum gas and provides logistics and terminalling services in the oil, gas, and chemicals sectors. In addition to producing and distributing oleochemicals and kerosene oil, the firm also provides chemical storage. Mumbai, Haldia, Pipavav, Kochi, Kandla, and Mangalore all have storage facilities.

Two of its divisions are the Liquid Terminal Division and the Gas Terminal Division. The Liquid Terminal Division is responsible for the storage and terminaling of oil and chemical products. The Gas Terminal Division is responsible for the importation, storage, and distribution of petroleum products such as LPG and propane. It sells cylinders of LPG for use in the home, commercial, and industrial settings.

• Headquarters  – Gujarat, India
• Reach – 18000+ pin code
• Website –  http://www.aegisindia.com/

Aramex Delivery United

Founded – 1982

Aramex is one of India’s leading logistics firms, providing a wide range of innovative transportation and logistics solutions to meet your e-commerce needs. Aramex has you covered when it comes to warehousing, facilities management, and value-added services.

You can count on this logistics firm to assist you improve your business’s efficiency and client happiness. It provides comprehensive services for e-commerce, small enterprises, drop shipping, shop and ship, data administration, and much more.

• Headquarters  – Plot No A 60/61, Road No 1, Andheri East, Mumbai – 400093
• Reach – 8000+ Pin code reach in India and more than 220 countries
• Website –   https://www.aramex.com/us/en

VRL Logistics Ltd

Founded – 1976

VRL Logistics Ltd is the largest commercial vehicle fleet owner in India (4835 vehicles), according to the Limca Book of Records. With 362 tourist buses and 4473 goods transport vehicles, the firm provides end-to-end logistic services.VRL is a fast-growing company with a network of 929 locations and franchisees.

The firm specialises in both cargo and passenger transportation. The company provides domestic freight transportation logistics services. It also operates buses, provides air chartering services, sells electricity, and sells certified emission reductions (CER) units generated by windmills.

Goods transport, bus operations, power sales, and air chartering service are among the company’s segments. It caters to a variety of sectors, including FMCG, textiles, clothes, furniture, metal and metal goods, and automotive components, and offers LTL services for general and priority parcels. 

• Headquarters  – Hubli, Karnataka, India
• Reach – 929 locations and franchisees
• Website –   https://www.vrlgroup.in/

Container Corporation of India

Founded – 1988

CONCOR now operates 63 terminals, 59 of which are owned by the company (33 Combined Containers, 17 Pure Domestic, and 9 EXIM).

The total number of containers owned and leased by the company is 30,994. As part of their IT ramp-up, they recently released E-Office, E-Contractor, Know Your Container Location, and Bill Tracking System (BTS).

• Headquarters  – New Delhi, India
• Website –   https://concorindia.co.in/

Mahindra Logistics Ltd

Founded – 2007

Mahindra Logistics Ltd is a supply chain management and people transportation solutions company that offers integrated third-party logistics (3PL) services. MLL works with approximately 350 companies in a variety of industries, including automotive engineering, consumer goods, and e-commerce.

Through digitalization, operational excellence, rigorous risk management, internal restructuring initiatives, and an asset-light business strategy, Mahindra Logistics Ltd encourages constant value development. They are dedicated to providing high-quality services while also decreasing their carbon impact and boosting communities.

• Headquarters  – Mumbai, India
• Reach – 17,000+ pin codes
• Website –   https://mahindralogistics.com/

Transport Corporation of India Ltd

Founded – 1958

Transport Corporation of India Ltd. has approximately 60 years of expertise in the sector and transfers nearly 2.5 percent of India’s GDP in value. They have over 600 ISO containers and 12 million square feet of warehouse space. TCI intends to be an efficient carrying facility with over 4000 employees and over 9000 trucks in service.

TCI Freight, TCI Supply Chain Solutions, TCI Seaways, TCI CONCOR, and TCI Cold Chain are among the company’s services.

• Headquarters  – TCI House 69 Institutional Area, Sector 32, Gurugram – 122001
• Reach – 1400+ offices all across India
• Website –   https://www.tcifreight.in/

TCI Express Ltd

Founded – 1996

TCI Express Ltd. was established when TCI XPS separated from Transport Corporation of India Limited. Through its express network, it delivers items in a fast and secure manner.

The firm operates in 708 districts across India, using a hub and spoke distribution architecture. Domestic Surface Express, Domestic Air Express, International Air Express, Reverse Express, and E-commerce Express are some of the services available.

• Headquarters  – Gurugram, India
• Reach – 40000+ Locations
• Website –   https://www.tciexpress.in/

Stockarea

Founded – 2019

Stockarea is a well-known logistics company in India that offers businesses on-demand logistics services. Among the services they offer are customs clearance, freight forwarding, warehousing, and transportation. They have offices in all of India’s major cities and operate in a number of industries, including FMCG (fast-moving consumer goods), automobiles, pharmaceuticals, electronics, textiles, and chemicals.

• Headquarters  – Chennai, Tamil Nadu, India
• Website –   https://stockarea.io/

Future Supply Chain Solutions 

Founded – 2006

Future Supply Chain Solutions offers the best warehouse management solutions available. The skilled team provides supply chain analysis and solution creation that satisfies international standards.

Contract logistics, express logistics, and temperature-controlled logistics are among the services offered.

• Headquarters  – Mumbai, India
• Reach – 1400+ offices all across India
• Website –   https://www.futuresupplychains.com/

Gati Ltd

Founded – 1989

Gati Ltd. provides distribution and supply chain services to over 19,800 pin codes in India. They provide Express logistics, warehouse solutions, E-Commerce logistics, cross-border commerce, and cold chain services with a fleet of over 5000 vehicles and 600 operating locations.

They have an unrivalled reach of over 99 percent of India’s districts, as well as a rapid and reliable claim procedure, making them India’s 10th greatest logistics firm.

• Headquarters  – Hyderabad, India
• Reach – 19800+ pin code
• Website –   https://www.gati.com/

Conclusion

According to market share, sales, profitability, services, and financial ratios, this was the curated list of the top logistics businesses in India. I hope you found this information useful.

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