Mr. T.S. Narasimhan, Executive Director, DARCL Logistics Ltd.

India Infoline News Service | Mumbai |

In an exclusive interaction with Hemant P. Maradia of IIFL, Mr. Narasimhan says,"The Company expects to reach a turnover of nearly Rs15bn in FY11 compared to a turnover of Rs11.58bn in FY10."

Mr. T.S. Narasimhan, Executive Director, DARCL Logistics Ltd. His association with the group goes back more than 10 years and he has worn many hats during this tenure. Being a close aide of the management he has been instrumental in bringing in many catalytic changes in the group functioning. His strategic inputs have made the company a force to reckon with in the logistics industry. Mr. Narasimhan has varied industry experience; from Resin to Engineering, Fruit Processing to Bottling plants, Petroleum & Gas to Transportation. He has been associated with some of most noted names in the industry and has brought with him enviable experience which has come handy in shaping DARCL. An Economics Honors from Delhi University, Mr. Narasimhan went on to collect the Masters in Finance and Marketing besides garnering many tertiary qualifications. His core knowledge base was however from HR, Legal and Quality Engineering which he gathered during his stint with various organizations.

DARCL Logistics Ltd. offers Total Logistics Solutions for the customers based on their specific requirements ranging from trucking to multimodal transportation through its separate division TransRail, which is one of the 14 players to have a license from the Indian Railways to run container trains. TransRail provides Multi-modal and Rail Freight Forwarding services in association with the Indian Railways and CONCOR. DARCL owns a fleet of over 226 heavy vehicles comprising trucks, ISO Container Trucks, tankers, Volvo trailers, tip trailers and has the ability to hire over 10,000 associate vehicles. DARCL has over 2,500 customers spread across all over India encompassing number of Bluechip Companies, fortune 500 companies and Government bodies, almost all leading Public Sector Undertakings and leading companies in the Private Sector. It provides transportation services to all the leading players in diverse industries as steel, mines, minerals, petroleum, petrochemicals, chemicals, fertilizers, construction, FMCG and others. Its clientele includes BHEL, Castrol, Godrej, HPCL, IOC, JSPL, ONGC, Reliance Industries, Vedanta and many more.

In an exclusive interaction with Hemant P. Maradia of IIFL, Mr. Narasimhan says,"The Company expects to   reach a turnover of nearly Rs15bn in FY11  compared to a turnover of Rs11.58bn in FY10."

Could you briefly tell us about the Company’s inception and the journey so far? Who are the promoters, major shareholders, investors, etc.?
DARCL Logistics Ltd., ranked as one of the top leading transport & logistics companies in India, has a track record of four decades. Since 1986 it has turned a corporate entity, continually endeavoring to live up to the trust of the customers. The Company has a vision to grow and become one of the most reliable, trusted and preferred resource partners in the entire logistics value chain, providing cost effective, innovative and best-fit solutions for customers.

The Company has a pan-India presence, which includes all major port cities and industrial towns, extending to bordering countries of Nepal and Bhutan. Its presence encompasses a network of around 190 locations, human resources strength of more than 2,200 employees and warehouses in over 20 cities. 

IDFC PE is the equity partner in the Company besides the promoters. Mr. Krishan Kumar Agarwal has been the CMD of the Company as a Promoter Director. The Company expects to reach a turnover of nearly Rs15bn in FY11 compared to last fiscal year’s (FY10) turnover of Rs11.58bn. The turnover in FY07 was Rs7.18bn.

Logistics is known to be a barometer of economic activity. So, what is your assessment of the current ground situation? How is demand from your customers?
Logistics is one of the key drivers of the economy. The logistics sector is usually perceived as demand driven. It is virtually inconceivable, in today’s economy, to function without the aid of logistics and transportation, which create time and place utility in goods and people. In fact, these two elements form the backbone of the entire supply chain that makes it possible to achieve the well-known seven Rs – the right product in terms of the right quantity in the right condition, at the right place, at the right time, for the right customer at the right cost.

Their importance should be seen by looking at the impact of transportation on a country’s economy. It is understood that the Indian economy is growing at 9% and in contrast to that, the growth experienced in the logistics sector is 14% to 15%.  This is a clear indication of the multiplier effect at work.

Going forward, the requirements for logistics would shoot up and there will be room for everyone who is dedicated and endeavors to bring the costs down. We do have issues on infrastructure, road conditions and safety regulations but overall the industry is on a high growth trajectory.

Which sectors are driving the demand for your business?
We are into almost all sectors pan India.  A good chunk of our business comes from steel majors,   followed by Polymer companies, Paper companies, FMCG, etc.



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