Trans Cargo India

Industry

Transportation

Company Type

Logistics

Location

India

Size

$35 million

Investment Type

Debt/Equity

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Helping Great Companies Grow

Overview

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

Opportunity

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

Solution/Strategy

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

Management

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
Learn More About This Transaction

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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