Trans Cargo India



Company Type





$35 million

Investment Type


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Helping Great Companies Grow


Trans Cargo India Private Limited (TCI), is seeking $35 million of equity to grow its successful long-haul transport and logistic services platform in India

Founded in 2010 with 35% CAGR YoY for the past five years

750+ owned trucks, each with 16-30 ton carrying capacity

220 express routes (of the 300 routes available in India)

19 smart hubs to monitor vehicles

Partnered with a network of more than 300 mechanic shops across India to repair trucks and 200+ partnered retail outlets for spares and consumables – provides flexibility to operate any route

Premier clients include Amazon, Flipkart, BlueDart, Delhivery, Udaan, etc.

Helping Great Companies Grow


India’s logistics industry is growing at 12-15% CAGR, and is expected to grow to $160 billion per year (long haul $110 billion) by 2023

Recent heavy investment in Indian road infrastructure has made road transport an efficient and reliable option compared to other transportation modes

Indian logistics market is heavily fragmented

75% is still controlled by small fleet owners owning five or fewer trucks

Excellent opportunity to consolidate the market and seize significant market share

Intermediaries make the business less lucrative for small fleet owners and creates a deficiency of trust, providing more opportunity for established logistics businesses

None of the large operators have over 2% market share – massive opportunity for consolidation

Investment in freight trucking
startups is on the rise

US$ Million

Note: The 2019 data was collected from
January to November 2019.

Source: Tracxn, accessed 8 January 2020

Helping Great Companies Grow


TCI plans to be asset heavy which will eliminate intermediaries, and should lead to higher profits to the company and improved earnings for drivers

Technology enabled platform for tracking vehicles

Developing AI based solutions to identify routes, increase revenue, and improve reliability, transparency and accountability

Increasing the network of spare parts retailers and mechanic shops to minimize downtime

TCI model has lower dependency on third party service providers, as the vehicles are owned by the company

Top of Class Logistics Services

Fleet efficiency management

Route optimization

GPS tracking

Centralized locking system

Speed management

Maintenance alert system

Helping Great Companies Grow


Manish Bindal, CEO


CEO & director since starting the business in April 2010

Heads finance and administration

Manages working capital efficiency and cost optimization

Previously assisted his father in logistics business

MBA in Finance


Chander Bindal, COO


20+ years of experience in logistics business

Worked with TCI since inception in 2010

Manages operations, customer satisfaction, client acquisition, and R&D

Develops cutting-edge technology for tracking, anti-theft, and stopping fuel leakages

Helping Great Companies Grow
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Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
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