Allcargo Logistics

{{Infobox company

| name = Allcargo Logistics Limited

| logo = Allcargo Logistics.svg

| logo_size =

| image = Allcargo House.jpg

| image_size = 300px

| image_caption = Allcargo Logistics' head office in Mumbai, India

| type = Public

| traded_as = {{plainlist|

{{BSE|532749}}
{{NSE|ALLCARGO}}}}

| foundation = {{start date and age|1993|08|18}}

| founder = Shashi Kiran Shetty

| location_city = Mumbai, Maharashtra

| location_country = India

| area_served = Worldwide

| key_people =

| ISIN = INE418H01029

| industry = {{plainlist|

| services = Multimodal transport

| subsid = {{plainlist|

ECU Worldwide
Gati
Nordicon}}

| revenue = {{increase}} {{INRConvert|20072|c}}{{cite web |url=https://www.moneycontrol.com/india/stockpricequote/transportlogistics/allcargologistics/AGL02|title = Allcargo Logistics Ltd., Moneycontrol.com}}

| num_employees = 4,500 (2019)

| homepage = {{URL|https://www.allcargologistics.com}}

}}

Allcargo Logistics Limited is a Mumbai-based Indian logistics company.{{Cite book |last=Manglik |first=Rohit |url=https://books.google.com/books?id=d4nuDwAAQBAJ&dq=AllCargo+Logistics&pg=PA262 |title=UGC NET Geography (Paper-ll) 2021 {{!}} 10 Mock Test (Concerned Subject Test) |date=2021-01-01 |publisher=EduGorilla Community Pvt. Ltd. |language=en}} It is known to offer multi-modal integrated logistics and transportation services worldwide.{{cite web|author=N. K. Kurup |url=http://www.thehindubusinessline.com/industry-and-economy/logistics/allcargo-sees-growth-potential-in-asian-market/article4846986.ece |title=Allcargo sees growth potential in Asian market | Business Line |publisher=Thehindubusinessline.com |date=2013-06-24 |accessdate=2015-08-11}}{{cite web|url=http://businesstoday.intoday.in/story/indias-new-business-families-shashi-kiran-shetty-family/1/14382.html |title=Riding the tide: The Shettys of Allcargo – Business Today- Business News |publisher=Businesstoday.intoday.in |date=2011-04-17 |accessdate=2015-08-11}}

History

The company, founded by Shashi Kiran Shetty, commenced operations in 1994 as a cargo handling operator at Jawaharlal Nehru Port, Mumbai. Initially, the company started as a customs house agent and provided freight forwarding services.{{Cite web |last=Zaveri |first=Jimit |date=July 22, 2021 |title=Initiating Coverage Allcargo Logistics Ltd. |url=https://www.hdfcsec.com/hsl.research.pdf/Allcargo%20Logistics%20-%20Initiating%20Coverage%2022072021.pdf |access-date=April 22, 2022 |website=HDFC securities}}

In 1995, ECU-Line, an Antwerp-based logistics firm, appointed Allcargo as their India agent. In 2003, the company started its first Container Freight Station (CFS) at JNPT. In 2007, it started two new CFSs at Chennai (in Tamil Nadu) and Mundra (in Gujarat), and one in Kolkata (in West Bengal), in 2017.{{Citation needed|date=April 2025}}

In 2018, Allcargo Logistics decided to monetize its existing land banks and expand into logistics and industrial parks to provide warehousing services under the name Allcargo Logistics Industrial Parks Private Limited.{{Cite web |last=Manoj |first=P. |date=2018-08-14 |title=GST effect: Allcargo plans logistics and industrial parks |url=https://www.thehindubusinessline.com/news/gst-effect-allcargo-plans-logistics-and-industrial-parks/article24692675.ece |access-date=2022-04-22 |website=thehindubusinessline.com |language=en}}

As of 2020, Allcargo is one of the largest non-vessel operating common carrier, with a focus on Less-than-container load business and domestic interests in container freight stations, international supply chain, express distribution, and contract logistics.{{Cite book |last1=Shukkla |first1=Sameer |url=https://books.google.com/books?id=IdQ3EAAAQBAJ&dq=%22Allcargo+logistics%22&pg=PA117 |title=Digital Transformation Of The Supply Chain: A Practical Guide For Executives |last2=Tan |first2=Albert Wee Kwan |date=2021-06-18 |publisher=World Scientific |isbn=978-981-12-2961-9 |language=en}}

In June 2023 Allcargo re-designates Shashi Kiran Shetty as Executive Chairman.{{cite web | title=Allcargo Group announces key level appointments; re-designates Shashi Kiran Shetty as Executive Chairman | website=The Economic Times | date=2 June 2023 | url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/allcargo-group-announces-key-level-appointments-re-designates-shashi-kiran-shetty-as-executive-chairman/articleshow/100700982.cms?from=mdr | access-date=13 September 2023}}

= Mergers and acquisitions =

In 2006, Allcargo acquired Antwerp-based ECU-Line, an ocean freight services provider, whose agent it was in India. In the same year, private equity firm New Vernon Capital Fund acquired 6.42% stake in Allcargo.{{Cite news |last=Unnikrishnan |first=Anurag Joshi and Rajesh |title=New Vernon eyes 10 per cent stake in all cargo |work=The Economic Times |url=https://economictimes.indiatimes.com/new-vernon-eyes-10-per-cent-stake-in-all-cargo/articleshow/1321109.cms |access-date=2022-04-22}} In 2008, Blackstone GPV Capital Partners picked up a 6% stake in the company, which was later increased to 14.99% in by converting warrants worth US$23 million.{{Cite news |last=Reporter |first=B. S. |date=2009-09-19 |title=Blackstone invests $23 million in Allcargo |work=Business Standard India |url=https://www.business-standard.com/article/companies/blackstone-invests-23-million-in-allcargo-109091900050_1.html |access-date=2022-04-22}}

In 2013, Allcargo Logistics acquired US-based Econocaribe Consolidators and a controlling stake in Netherlands-based logistics company FCL Marine Rotterdam through its wholly-owned arm Ecuhold NV.{{Cite web |last=Sanjai |first=P. R. |date=2013-09-27 |title=Allcargo Logistics buys US firm Econocaribe Consolidators |url=https://www.livemint.com/Companies/JfIXchioQqcgMZDWvYeBvI/Allcargo-Logistics-buys-US-firm-Econocaribe-Consolidators.html |access-date=2022-04-22 |website=mint |language=en}}{{Cite news |title=Allcargo acquires US based Econocaribe Consolidators |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/allcargo-acquires-us-based-econocaribe-consolidators/articleshow/23151726.cms |access-date=2022-04-22}}

In 2016, ECU-Line, Econocaribe and other international acquisitions were rebranded into ECU Worldwide.{{Cite news |title=Indian-owned logistics solution firm rebrands itself |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/indian-owned-logistics-solution-firm-rebrands-itself/articleshow/52119012.cms?from=mdr |access-date=2022-04-22}}

In 2020, it acquired controlling stake in Hyderabad-based Gati Ltd.{{Cite news|title=Gati to return to profitability next quarter: Allcargo Logistics|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/earnings/gati-to-return-to-profitability-next-quarter-allcargo-logistics/articleshow/76217204.cms?from=mdr|access-date=2020-07-31}}

In July 2021, Allcargo acquired 65% stake in Swedish logistics major Nordicon for $29 million.{{Cite web |last=Manoj |first=P. |date=2021-07-30 |title=Allcargo arm buys 65% stake in Nordicon for $29 million |url=https://www.thehindubusinessline.com/economy/logistics/allcargo-arm-buys-65-stake-in-nordicon-for-29-million/article35635236.ece |access-date=2022-04-22 |website=thehindubusinessline.com |language=en}}

Services

= Multimodal Transport Operations (MTO) =

Allcargo's MTO service comprises NVOCC operations related to LCL consolidation and neutral FCL activities globally, through its wholly-owned subsidiary ECU Worldwide. Initially, Allcargo entered the business of LCL consolidation as agents of ECU Worldwide (then known as ECU-Line). With an international network across 180 countries, the division provides direct export/import and multicity consolidation services.

= Container Freight Stations (CFS) and Inland Container Depots (ICD) =

Allcargo commenced CFS operations in 2003 at JNPT (Navi Mumbai). At present, it operates four CFSs (one at JNPT and one each in Chennai, Mundra and Kolkata). Its ICD at Dadri in the National Capital Region, is a joint venture with the Container Corporation of India (CONCOR), with Allcargo's stake at 51%.{{Citation needed|date=April 2025}} Its services comprise export and import handling, LCL shipments, bonded and open warehousing, first and last-mile transportation, maintenance and repair of the dry container, reefer monitoring, and hazardous material handling.