Transport Corporation of India Ltd Management Discussions

"Yatra vishvam ekam nama, tatra vdnijyam pra- vartate" - Where the world speaks as one, trade finds its path.

In FY 25-26, Indias integration with global value chains deepened, with the EU-India FTA opening new export corridors in autos, pharma and advanced manufacturing. At the same time, climate conscious trade rules and sustainability expectations reshaped logistics making low carbon, multimodal movement not just an advantage, but a necessity. It was against this backdrop that the nations supply chains needed a resilient, connected and future ready partner one that could harmonise road, rail, coastal shipping and technology into a single, responsive network.

Into this moment stepped TCI, positioning itself as the integrated spine of Indias logistics transformation. By aligning green corridors with emerging trade flows, pioneering innovative partnerships and strengthening multimodal connectivity, TCI became more than a transporter becoming the connective tissue between Indias industrial growth and the worlds evolving demand. Aligned with Viksit Bharat 2047, the Company is now building the logistics backbone for an export driven, sustainable and digitally enabled India where trade, technology and trusteeship move as one.

Global Economic Outlook

Interconnected economies move together, but not always at the same pace

The global economy enters 2026 on a steady footing, with growth projected at 3.3%. While macroeconomic conditions are normalizing, growth remains uneven, shaped by geopolitical realignments and targeted trade policies.

Region-wise Growth Trends (%)

Region	CY 2025 (E)	CY 2026 (P)	CY 2027 (P)
Global Economy	3.3%	3.3%	3.2%
Advanced Economies	1.7%	1.8%	1.7%
Emerging Market and Developing Economies (EMDEs)	4.4%	4.2%	4.1%

E: Estimates; P: Projections (Source: IMF World Economic Outlook, January 2026)

As global trade pivots toward regionalized, compliance-driven networks, logistics is transitioning from a transactional cost to a strategic capability, prioritizing resilience, sustainability and multimodal efficiency.

Global Inflation & Trade Dynamics

Indicator	2024	2025 (E)	2026 (P)	2027 (P)
Global Inflation (%)	6.8%	4.1%	3.8%	3.4%
Global Trade Growth (%)	-	4.1%	2.6%	2.5%
Global GDP Growth (%)	3.1%	3.3%	3.3%	3.2%

Source: IMF World Economic Outlook, January 2026

As global trade becomes more complex and compliance-driven, the role of integrated logistics providers becomes increasingly strategic.

Global Logistics

The Path to USD 24 Trillion

The global logistics market is on a robust trajectory, projected to scale from USD 12.68 trillion in 2026 to USD 24.36 trillion by 2035 (8.05% CAGR). This expansion is fueled by the demand for end-to-end, tech-enabled supply chain solutions.

Global Logistics Market — Key Metrics

Metric	2025 (E)	2026 (P)	2035 (P)
Market Size (USD Trillion)	$11.23T	$12.68T	$24.36T
CAGR (2025-2035)	-	-	8.05%
Dominant Region	Asia Pacific
Largest Mode	Road Transport		Multimodal (growing)
Fastest Growing Segment	E-commerce Logistics	Al-enabled 4PL	Integrated End-to-End
MEA Market 2025	$305.07B	$321.36B	CAGR 5.34% to 2031
MEA Automated Logistics	-	$1.78B (2026)	4PL CAGR ~8.5%

Source: Mordor Intelligence, Grand View Research, MarketsandMarkets — 2025

Industry Transformation Drivers

Middle East & Africa

An Emerging Logistics Hub

New corridors are redefining global connectivity.

MEA: A Strategic Emerging Hub

The Middle East and Africa (MEA) logistics market is evolving into a pivotal node in global trade, projected to grow at a 5.34% CAGR through 2031. Infrastructure-led growth in Saudi Arabia and the UAE is accelerating the regions connectivity, bolstered by port expansions and industrial zone integration.

Indicator	Value / Growth
MEA Market Size 2025	USD 305.07 Billion
MEA Market Size 2026 (P)	USD 321.36 Billion
MEA CAGR (to 2031)	5.34%
Freight Share of MEA Market	59%
Automated Logistics Segment 2026	USD 1.78 Billion
4PL Growth (MEA) CAGR	8.5%
Key Drivers	Port expansion, e-commerce, cold chain, AI-enabled planning

The ongoing regional conflict between the US-Israel and Iran has introduced significant volatility into the Middle East and global logistics landscape. Escalating since February 2026, the military engagement has impacted critical maritime choke points, most notably the Strait of Hormuz and forced widespread disruptions to air cargo and shipping routes.

Logistics Impact

Maritime Volatility

Heightened security risks and potential route closures in the Persian Gulf have led to suspended operations, vessel rerouting and a surge in war-risk surcharges and insurance premiums.

Air Cargo Disruption

Airspace closures across the Gulf have reduced global air cargo capacity by approximately 18%, forcing carriers to implement detours that significantly increase transit times and fuel costs.

Supply Chain Pressure

The conflict has caused volatility in energy markets and spiked bunker fuel prices, creating cascading cost pressures across global supply chains, from agricultural commodities to critical industrial components

Strategic Resilience

For global logistics providers, these developments underscore the urgent need for supply chain agility and network diversification. "In an era of geopolitical instability, the ability to rapidly pivot routes and leverage multimodal flexibility is not merely an operational necessity, it is a critical safeguard for maintaining global trade continuity."

Indian Economic Outlook

Robust Resilience

India remains a global growth outlier, anchored by stable macro-fundamentals and a "double engine" of consumption and investment. Real GDP is estimated to grow at 7.6% in FY26, reinforcing its status as one of the worlds fastest-growing major economies.

Macroeconomic Highlights (FY26 Estimates)

Real GDP Growth	Inflation (CPI)	Fiscal Prudence	External Buffer
7.6% (supported by strong industrial and services momentum).	Moderated to -1.7%, allowing for a supportive monetary stance.	Capital expenditure at 4.0% of GDP, driving infrastructure-led growth.	Forex reserves at USD 701.4 billion; services exports reaching USD 387.5 billion.

Indian Growth Projections

India Sectoral Growth - FY 2025-26

Sector	Growth Rate	Key Driver	Logistics Linkage
Agriculture	3.1%	Favourable monsoons; allied activities	Agri-logistics, cold chain, food supply chains
Industry/ Manufacturing	6.2%	PLI schemes; f2.0L Cr investments catalysed	Industrial freight, DFC corridors, export packaging
Services	9.1%	Digital economy; services exports $387.5B	Express, air cargo, last-mile, pharma cold chain
Capital Expenditure	4.0% of GDP	Infrastructure-first budget stance	Road, rail, port, warehousing investments
GST Collections	f 17.4L Cr	21% growth in e-way bill volumes	Freight formalisation, supply chain monitoring

Source: MoSPI, PIB India, RBI, Ministry of Finance - FY 2025-26

Key Macroeconomic Indicators

Indicator	FY25	FY26 (E)	FY27 (P)
Real GDP Growth (%)	8.2%	7.6%	6.8-7.2%
GVA Growth (%)	7.9%	7.7%	7.0%
Headline CPI (%)	4.5%	1.7%	2.8-4.0%
Repo Rate (%)	6.50%	5.25%	5.0%
Credit Growth (%)	16%	14.5%	14%
Forex Reserves (USD Bn)	640	701.4	720
Remittances (USD Bn)	129	135.4	142
IIP Growth (%)	6.5%	7.8%	7.5%

Source: MoSPI, RBI, PIB, Ministry of Finance  E: Estimated; P: Projected

Strategic Takeaway

With GST collections rising and e-way bill volumes up 21%, Indias economic formalization is accelerating, directly translating into higher velocity and demand for integrated logistics.

Indian Logistics Industry

Efficient logistics is no longer support infrastructure, it is economic infrastructure.

The sector is evolving into "economic infrastructure," with the market projected to reach USD 592.36 billion by 2031 (9.07% CAGR). This shift moving from transactional services to integrated, technology-enabled partnerships is critical to reducing logistics costs toward global benchmarks.

Core Growth Drivers

Modal Rebalancing	Technological Edge	Manufacturing Integration	Rising Complexity
The commissioning of 96.4% of Dedicated Freight Corridors (DFCs) is driving a decisive shift from road to rail, enhancing cost-efficiency for long-haul freight.	The Unified Logistics Interface Platform (ULIP) has crossed 100 crore API transactions, providing the data transparency necessary for modern, agile supply chains.	PLI schemes have catalyzed over ?2.0 lakh crore in investments, necessitating highcapacity, multimodal logistics that connect factory-zones to global export hubs.	The surge in 4PL demand ( 12% CAGR) reflects a market-wide pivot toward single-window, outsourced logistics management.

India Logistics — Market Snapshot & Modal Mix

Segment / Mode	Current Share	Growth Trend	Key Logistics Driver
Road Transport	65-70% of freight	Steady / consolidating	FMCG, e-commerce, manufacturing distribution
Rail Freight	26% of freight	Rising — DFC-led shift	Bulk, coal, steel, containers, long-haul
Air Freight & CEP	High-growth niche	Fastest growing ( 15%+ CAGR)	Express, pharma, electronics, 82C
Coastal & IWT	6% of freight	Accelerating — Sagarmala push	Bulk, agri, petroleum, container feeders
Warehousing & SC	High investment wave	Automation + cold chain	Pharma, FMCG, e-commerce fulfilment
3PL / 4PL Services	48% market share (3PL)	4PL growing at 12% CAGR	End-to-end, integrated, outsourced logistics
E-Commerce Logistics	$18.58 (2024)	24.4% CAGR - $1078 by 2032	Last-mile, returns, quick commerce
IIP Growth (%)	6.5%	7.8%	7.5%

Source: Mordor Intelligence India Freight & Logistics Market Report; IMARC Group; Grand View Research

TCIs Strategic Positioning with in the Indian Logistics Landscape

"Where complexity rises, integration becomes the advantage."

Indias logistics sector is undergoing a structural shift, moving from fragmented services to end-to-end, integrated and tech-enabled supply chains. Driven by multimodal expansion, digital integration and manufacturing-led growth, this transition demands greater efficiency, resilience and sustainability.

Technology & Digitalisation

A. Digital Logistics : From Differentiator to Baseline

Logistics digitalization has shifted from a competitive advantage to a fundamental operational requirement. Organizations failing to embed technology into their core workflows now operate at a structural disadvantage. Indias Digital Pivot

The sectors productivity is now a key driver of national economic performance. Government-led reforms have established the necessary digital architecture:

Impact Metrics

Cost Efficiency: Indias logistics cost has reached ~7.97% of GDP, a landmark shift reflecting efficiency gains from digital and infra-led reforms.

Industry Adoption: ~70% of logistics enterprises are actively accelerating their digital transformation to maintain competitiveness.

Global Growth: The global digital logistics market is projected to reach USD 93.28 billion by 2030 (18.4% CAGR).

TCIs Digital Strategy

TCI has aligned its operations with this national trajectory, embedding digital tools across warehousing, fleet management and customer interfaces. By integrating these solutions, we deliver faster, more reliable and cost-efficient services in FY 2025-26, ensuring we not only meet the new digital baseline but actively drive the efficiency required for Indias next phase of growth.

B. The Digital Landscape: Indias Leadership Position

Global digital investment in logistics is on a rapid growth trajectory, forecast to reach USD 107 billion by 2030 (9.35% CAGR). India is a key engine of this expansion, with its digital logistics market projected to hit USD 2.26 billion by 2026.

Institutional Readiness

Global Adoption Nearly two-thirds of organizations worldwide now operate under formal digital transformation roadmaps.	Indias Edge	Proven Impact
	India leads global geographies in digital readiness, with 87% of shippers outsourcing transport technology. This signals a deep institutional commitment to modernization rather than isolated pilot projects.	70% of logistics enterprises globally report measurable performance gains from digital adoption, confirming that technology is now the primary lever for operational efficiency and competitive scale.

 

Value Chain Segment	Primary Digital Levers	India Adoption Maturity (FY26)
Transportation & Fleet	AI route optimisation, GPS telematics, FASTag, e-way bills	High
Warehousing & Fulfilment	ASRS, WMS, robotics, barcode / RFID scanning	Medium-High
Last-Mile Delivery	Route AI, EV fleets, real-time tracking, hyperlocal algorithms	Medium
Multimodal Integration	ULIP, Logistics Data Bank, port & DFC digitisation	Medium
Trade Documentation	e-Sanchit, ICEGATE, digital BoLs, blockchain pilots	Medium

C. Emerging Innovation Insights in Logistics & Warehousing

The logistics and warehousing sector is witnessing rapid, convergent technology shifts that are redefining operations, agility and sustainability. Innovations from hyper-automation to agentic AI are moving the industry beyond incremental efficiency gains toward autonomous, intelligence-driven networks that deliver speed, resilience and lower carbon intensity.

Hyper-automation and Dark Warehouses

The industry is progressing toward "lights-out" warehouses: facilities that operate with minimal human intervention by combining robotics, AI orchestration and automated material handling systems. Key technologies include Autonomous Storage & Retrieval Systems (ASRS), AI-driven robotic picking arms, Autonomous Mobile Robots (AMRs), automated conveyor and sortation systems, and computer-vision inventory recognition. Business outcomes include 30-50% reduction in labour dependency, near-zero picking errors, faster same-day fulfilment and truly 24/7 operations. An emerging deployment pattern is micro-fulfilment centres located near urban hubs to enable ultra-fast e-commerce delivery.

Agentic AI and Autonomous Supply Chains

AI is shifting from advisory models to agentic systems that can autonomously execute logistics actions. Capabilities such as autonomous shipment rerouting, AI-driven replenishment, self-healing supply chains, AI dispatching and dynamic warehouse orchestration turn recommendations into actions. The strategic distinction is simple: traditional AI recommends; agentic AI acts. The result is faster disruption response, reduced operational overhead and continuous, real-time network optimisation.

Digital Twins for Warehousing and Logistics

Digital twins virtual replicas of warehouses and logistics networks are now critical for real-time simulation and optimisation. Use cases span warehouse layout optimisation, capacity planning, bottleneck prediction, peak-season stress testing and carbon-footprint modelling. AI-powered twins enable rapid "what-if" scenario simulation, improving planning accuracy and operational resilience.

Computer Vision and Smart Visibility

Computer-vision systems and AI-enabled cameras are increasingly replacing manual scanning and inspections. Innovations include vision-based inventory tracking, damage detection, OCR-based shipment validation, worker-safety monitoring and automated pallet verification. Benefits are faster audits, reduced shrinkage, improved compliance and fewer operational errors.

Sustainable and Green Warehousing

Sustainability is becoming a core operational KPI. Leading implementations combine solar-powered fulfilment centres, AI-based energy optimisation, electric forklifts, carbon-aware route planning and smart packaging systems. Carbon emissions are increasingly integrated directly into logistics optimisation engines, enabling trade-offs between cost, speed and environmental impact.

Last-Mile Delivery Innovation

The last mile remains the hottest innovation front. Delivery innovations include drones, autonomous delivery robots, dynamic route optimisation, hyperlocal dark stores and crowdsourced delivery networks. These responses are driven by consumer expectations for same-day delivery, real-time tracking and flexible fulfilment.

Human + Machine Collaborative Warehousing

Rather than wholly humanless systems, modern warehouses are moving toward human-augmented environments. Wearable AR glasses, voice-directed picking, collaborative robots (cobots) and AI workforce optimisation combine to speed onboarding, reduce worker fatigue and raise productivity preserving human judgement where it matters while automating repetitive tasks.

Logistics as a Strategic Intelligence Engine

Logistics platforms are evolving into enterprise intelligence engines. Advanced analytics and AI interpret regional buying behaviour, carrier performance, customer profitability, supplier reliability and network inefficiencies. As a result, supply chain functions are shifting from cost centres to competitive-advantage engines that inform strategic decisions across the enterprise.

D. Measurable Value: The Digital Dividend

Integrated digital strategies consistently deliver transformative performance

Efficiency	Cost	Service
20-40% faster order processing.	10-25% reduction in total logistics spend.	15-30% improvement in On- Time-In-Full (OTIF) delivery.

These gains underpin Indias logistics cost reduction from 13-14% (2016) to ~7.9% in 2026.

Dimension	How Technology Drives It	Quantified Benchmark
Throughput & Efficiency	Automated workflows, AI decision support, robotic execution	20-40% faster order processing
Cost Reduction	Route AI, predictive maintenance, optimised space & labour	10-25% reduction in total logistics cost
End-to-End Visibility	IoT + control towers + ULIP integration	Near-real-time shipment tracking
Customer Service Quality	Accurate ETAs, proactive alerts, digital selfservice portals	15-30% OTIF improvement
Resilience & Scalability	Cloud platforms, agentic AI, scenario simulation via digital twins	Faster crisis response, elastic scale
ESG & Sustainability	Load optimisation, EV fleet tools, paperless operations, carbon accounting	Measurable Scope 3 emissions reduction

E. Navigating Adoption Barriers

Digital transformation requires managing specific friction points:

Capital & Legacy	Data & Security	Skill Gap
Balancing upfront investment with integrating legacy systems.	Maintaining clean data standards while hardening systems against rising cybersecurity threats.	Scaling operations requires upskilling a vast workforce to manage technology-led workflows.

F. Indias Policy Architecture

India possesses the worlds most comprehensive government-led digital logistics framework:

PM GatiShakti	NLP & ULIP	LEADS Index
GIS-integrated infrastructure planning across 57 ministries.	A four-pillar digital reform providing single-window API integration.	Incentivizes state-level performance through digital and ESG benchmarking.

 

Policy / Platform	Scope	Key FY26 Milestone
PM GatiShakti (2021)	GIS-integrated infrastructure planning - 57 ministries, 36 states, 1,700+ data layers	Eastern & Western DFCs 96% operational
National Logistics Policy (2022)	IDS - ULIP - E-Logs - SIG - four-pillar digital- physical reform framework	Target: logistics cost < 8% of GDP by 2030
ULIP & Logistics Data Bank	Single-window API integration across 30+ government & private systems	160 crore+ transactions; 75 Mn+ EXIM containers tracked across 101 ICDs
LEADS Index (2025 edition)	State-level logistics performance assessment now including digital & ESG metrics	India LPI rank: 38th (up from 44th in 2018)
ICEGATE / e-Sanchit / FASTag	Paperless customs, faceless evaluation, electronic tolling, digital e-way bills	Measurable reduction in border & checkpoint dwell time
SPEL	Sector-specific logistics frameworks: coal, cement, steel, food, pharma	Promotes multimodal & data-driven logistics decisions

G. Horizon 2027: The Autonomous Future

The next phase moves toward autonomous, self-correcting systems. Competitive advantage will rely on:

Agentic AI	Lights-Out Warehousing	Resilience by Design
Orchestrating end-to-end workflows independently.	Robotics-led, low-human- presence operations.	Using digital twins for proactive scenario simulation.

Goal: Supporting Indias journey toward a USD 26 trillion economy by 2047.

The Company remains firmly committed to its digital transformation journey, investing in the technologies, talent and partnerships required to lead logistics innovation in India.

Reverse Logistics & EPR: Closing the Loop

Reverse logistics has evolved from a back-end cost center into a strategic asset. Beyond managing returns for e-commerce, it is now the critical infrastructure enabling Extended Producer Responsibility (EPR) compliance transforming post-consumption waste into recovered economic and environmental value.

TCIs Circular Approach

Scalable Networks

We design and operate specialized facilities that manage millions of items, ensuring efficient collection, segregation and routing for reuse or recycling.

EPR Fulfillment

By bridging the gap between producers and licensed recyclers, TCI provides the auditable documentation and traceability required under Indias regulatory frameworks.

Operational Impact

Our solutions have demonstrated a 35% reduction in return turnaround times and a 30% recovery of product value through efficient restocking, directly supporting circular material flows.

As India moves toward formalized waste management, TCIs integrated reverse-logistics model empowers brands to meet EPR obligations while simultaneously improving ESG performance and reducing reliance on virgin resources.

Decarbonisation: Powering a Green Logistics Future

Logistics accounts for ~13.5% of Indias GHG emissions, with road freight predominantly diesel trucks contributing the bulk of this footprint. As India targets net-zero, decarbonizing the freight sector is no longer optional; it is an industrial imperative.

Strategic Levers for Transition

Modal Shift

Accelerating the shift from road to electrified rail corridors (supported by DFCs) and inland waterways. Rail freight typically produces one-quarter the emissions of equivalent trucking, making modal optimization a primary driver for Scope 3 reduction.

Electrified Road Freight

Deploying Zero-Emission Trucks (ZETs) on high-density corridors like Delhi-Mumbai. Industry-led platforms like e-FAST India are accelerating this transition by addressing financing and charging infrastructure gaps.

Green Warehousing

Embedding sustainability through rooftop solar, energy-efficient building management systems and green certifications (IGBC/LEED) to minimize operational energy demand.

Data-Driven Decarbonisation

Implementing India-specific emissions measurement tools to accurately benchmark "Well-to-Wheel" performance. With over 90% of companies now targeting Scope 3 emissions, precision in reporting is the new benchmark for supply chain competitiveness.

TCI is actively integrating these strategies decoupling economic growth from carbon intensity to deliver a resilient, efficient and sustainable logistics backbone for a rising India.

Zero-Emission Trucking (ZET): The New Logistics Standard

As part of their environmental and social responsibility, many logistics and supply chain businesses, FMCG players and e commerce players are moving toward Zero Emission Trucking (ZET).

Major OEMs are scaling up electric medium and heavy duty trucks tailored to Indian freight duty cycles, driving demand for a supportive ecosystem, high density freight corridors, shared charging infrastructure and robust service networks, to unlock cost effective, low carbon trucking at scale.

Green Warehousing

The New Value Benchmark Indias warehousing market is scaling toward USD 35 billion by 2027 (15.6% CAGR). We are evolving traditional storage into "dual-purpose" facilities integrating rooftop solar, efficient HVAC and smart monitoring. Backed by IGBC, LEED and IFC EDGE certifications, green warehousing now minimizes operational costs while maximizing long-term asset value.

Carbon Markets: From Compliance to Opportunity

Indias Carbon Credit Trading Scheme (CCTS) is shifting sustainability from voluntary to regulated. For TCI, this creates a competitive advantage: early decarbonization positions us to monetize surplus credits, attract green finance and enhance our standing within ESG-driven supply chains.

High-Growth Sectors: Strategic Logistics Links

We align our capabilities with Indias industrial and consumption engines:

E-commerce & Q-commerce: Powering hyper-local fulfillment and agile last-mile networks. Electronics & Defence: Supporting high-value, time-sensitive flows through specialized multimodal corridors.

Cold Chain: Scaling infrastructure for pharma, retail and farm-to-fork stability.

Chemicals & Textiles: Providing safety-led, technology-driven solutions for complex, regulated cargo.

Renewable Energy: The Green Growth Frontier

With Indias renewable capacity crossing 180 GW, we are scaling logistics for the "Green Growth" economy transporting solar/wind components, green hydrogen equipment and batteries.

Material Clusters: Providing end-to-end supply chain support for the emerging green steel, cement and aluminum value chains.

Battery Logistics: Establishing safety-first, temperature-controlled and reverse-logistics flows for lithium-ion storage.

Company Overview

About TCI

Everything Logistics

Transport Corporation of India Limited (TCI) stands as a key contributor in Indias logistics landscape, with a journey spanning over six decades. Over this period, the Company has been closely interwoven with the countrys economic progress, contributing to the movement of nearly 2% of Indias GDP by value of cargo and supporting the steady flow of commerce across regions and industries.

Evolving in step with a dynamic and increasingly complex operating environment, TCI has developed a comprehensive, multimodal portfolio of logistics solutions. Its offerings are designed to address the diverse and changing requirements of businesses, enabling efficient, reliable and integrated supply chain operations.

The Company is also advancing its capabilities through the adoption of emerging technologies. By incorporating Artificial Intelligence and Machine Learning into its processes, TCI is working to enhance operational effectiveness, strengthen decisionmaking and improve end-to-end visibility across its network.

Underlying TCIs growth is a clearly defined value system - Customer Focus, Ownership, Responsiveness and Empathy, which informs its approach to service delivery and stakeholder engagement. Guided by these principles, TCI continues to strengthen its role within Indias logistics ecosystem, with a focus on consistency, adaptability and sustained value creation.

Everything Supply Chain, Everything Agile

TCI SCS is TCIs integrated supply chain arm, delivering end-to-end solutions from concept to execution. Acting as a single-window partner, it helps clients navigate complex supply chains with clarity and control.

It offers inbound and outbound logistics, warehousing, distribution, yard management and supply chain orchestration through a lead logistics provider model. Execution is enabled through integrated operations across multiple nodes, ensuring visibility, control and consistent perfor-

mance. Supported by asset-backed infrastructure, modern warehousing, material handling systems and TCI Groups wider network, TCI SCS delivers scalable and reliable supply chain solutions.

Its digital backbone, including TMS and WMS, enables real-time visibility, better planning and improved asset utilisation. With domain expertise, infrastructure, execution capability and technology working together, TCI SCS builds resilient, agile and future-ready supply chains.

Industry Trends

Market Size USD 15 Bn.

Relatively less fragmented with relatively organized market

3PL Growth CAGR15%

60% constitute road movements

3PL penetration is 4.5% Vs 11% Globally

 

Services Offered	Key USP	Supporting Capabilities
Inbound & Outbound Logistics (IBL/OBL) Customization	End-to-end, tailored logistics from design to execution	4,500+ vehicles under operation (1,350+ owned) 180+ trains operated per month Integrated WMS & TMS platforms, synergistic group company support
Warehouse Planning & Management (including vertical space optimization)	High warehouse space utilization via advanced design and vertical expansion	17 Mn. sq. ft. warehousing space (dry & temperature controlled) Modern storage systems: RFID, ASRS, Pick/ Put to Light
Yard Management	Dedicated yard management for efficient cargo flow and turnaround	67 yards managed across India
Supply Chain Design & Reengineering	Analytics-led network optimization and cost-efficient design	Dedicated team of Supply Chain Analysts and Proprietary tools for network modeling
Lead Logistics Provider (LLP/3PL/4PL)	Single-window solution for integrated, end-to-end logistics	Centralized control tower with real-time visibility tools
Full-Stack Solution: Conceptualization to Execution	One-stop partner for supply chain transformation	6 decades of industry experience Proven track record across Automotive, Retail, Chemicals, Healthcare, HiTech & Cold Chain
Inventory Management via WMS integrated with client ERP	Real-time inventory visibility and optimized replenishment	SKU-wise analytics and automation 1250+ Mn production logistics parts handled
Services Offered	Key USP	Supporting Capabilities
Proprietary TMS for Route Optimization	Reduced transit time and improved fleet utilization	AI-driven route planning and optimization
Information Management across IBL, OBL & Warehousing	Seamless visibility and data-driven decision-making	Proprietary "Glass Pipeline" visibility across supply chain nodes
Multi-Industry Expertise	Deep domain knowledge across diverse sectors	Experience across Automotive, Retail, Chemicals, Healthcare, Hi-Tech & Cold Chain industries
Scalability & Flexibility	Ability to scale operations rapidly with evolving business needs	Large asset base, multimodal capabilities and pan-India network
Technology-Driven Operations	Digitally integrated logistics ecosystem	Advanced WMS, TMS, automation tools and real-time analytics platforms
Sustainability & Compliance	Environmentally responsible and regulation-compliant operations	Focus on green logistics, emission reduction and adherence to regulatory norms
Quality & Global Standards Alignment	Consistent service excellence aligned with international benchmarks	Standardized processes, compliance frameworks and continuous improvement practices
HSE (Health, Safety & Environment) Excellence	Safe, reliable and risk-mitigated operations	Strong HSE protocols, training and monitoring systems
Professional Team Expertise	Skilled workforce driving operational and strategic excellence	Dedicated supply chain experts, engineers and analytics professionals

Capitalising on Emerging Market Opportunities

TCI Supply Chain Solutions continues to align its capabilities with the evolving contours of the supply chain ecosystem shaped by increasing integration, rising digital adoption and the growing need for agility and resilience. As enterprises transition towards more structured and responsive supply chain models, the ability to deliver end-to-end, scalable and technology-enabled solutions is becoming a critical differentiator.

Expanding Integrated Supply Chain Demand

The shift from fragmented logistics models to integrated, customised solutions is expanding the addressable market, as businesses seek greater visibility, efficiency and control across their operations. This transition is accelerating the preference for single-window partners capable of managing the entire supply chain continuum.

In this context, TCI SCS enables:

• End-to-end supply chain solutions spanning design, execution and optimisation

• Integrated warehousing, transportation and valueadded services

• Scalable and customised solutions aligned with diverse industry requirements

Unlocking Growth in 3PL and LLP Models

The increasing complexity of supply chains, coupled with low penetration of organised 3PL services, presents a significant opportunity for growth. Businesses are progressively outsourcing logistics to partners capable of delivering coordinated and technology-enabled solutions.

TCI SCS addresses this through

• Expansion of integrated 3PL and LLP service offerings

• Network optimisation and multimodal logistics capabilities

• Enhanced coordination, visibility and efficiency across multi-node supply chains

Transforming Warehousing and Distribution Networks

Evolving consumption patterns, particularly the growth of e-commerce and quick commerce across emerging markets, are redefining warehousing strategies. The focus is shifting towards distributed networks, faster turnaround and efficient inventory positioning.

TCI SCS responds by offering:

• Strategically located warehousing, including temperature-controlled infrastructure

• Optimised network design for improved connectivity

• Scalable storage solutions aligned with dynamic demand patterns

Driving Operational Agility

Shorter product lifecycles and fluctuating demand cycles are increasing the need for flexible and responsive supply chains. The ability to adapt quickly while maintaining operational consistency is becoming essential.

TCI SCS supports this through:

• Customised inbound and outbound logistics solutions

• Structured yard management for improved operational flow

• Scalable execution models enabling responsiveness across supply chain nodes

Advancing Technology-Led Supply Chains

As supply chains become increasingly data-driven, the demand for real-time visibility, predictive insights and integrated platforms continues to grow. Technology is central to enhancing efficiency, transparency and decision-making.

TCI SCS strengthens its digital capabilities through

Proprietary Transportation Management Systems (TMS) for route optimisation and fleet efficiency

Warehouse Management Systems (WMS) enabling SKU-level tracking and automated replenishment

Control tower-enabled operations for real-time monitoring and proactive management

Performance Snapshot

Everything Freight, Everything Reliable

TCI Freight is the foundation of TCIs surface logistics business and its largest division, built on decades of experience in Indias evolving trade and distribution landscape. With a network reaching more than 19,000 pin codes and cross-border linkages with neighbouring countries, it enables the efficient movement of goods across domestic and regional markets.

Its hub-led operating model supports part-load, full truckload and project cargo movements across diverse geographies and industries. By combining scale, execution capability and technology-led visibility, TCI Freight continues to deliver reliable and responsive logistics solutions.

Industry Trends

USD 180 B Freight Transport Market, highly fragmented and unorganized

LTL Freight Transport Market, relatively organized with 15% share

Increasing adoption technology like on demand trucking and real-time pricing

Increasing awareness on sustainable logistics and demand for multimodal

 

Services Offered	Key USP	Supporting Capabilities
Less than Truck Load (LTL)	Efficient transportation of small consignments through consolidation at hubs, enabling cost-effective and timely deliveries across the network	Hub-and-spoke network (25 hubs, 750+ branches), pan-India reach (19,000+ pin codes), real-time track & trace
Full Truck Load (FTL)	Dedicated truck services for bulk shipments, ensuring direct delivery with speed, reliability and minimal handling	Large operational fleet, AI-enabled route optimisation, high service reliability
Over Dimensional Cargo (ODC)	Transportation of oversized and heavy cargo with specialised equipment, route surveys and necessary approvals	6 decades legacy, specialised handling expertise, compliance capabilities
Project & Heavy Haul (PHH)	End-to-end logistics solutions for large and complex project cargo, including planning, execution and handling	Integrated multimodal solutions, control tower visibility, experienced project management
Storage Solutions	Warehousing and storage facilities at key locations to support inventory management and distribution needs	Integrated supply chain capabilities, digital visibility, network-linked distribution
Cross Border Logistics Solutions	Seamless cargo movement across Nepal and Bangladesh with complete documentation and customs support	Established cross-border network, CHA capability, regulatory expertise
CHA Facility	Customs House Agent services with AEO certification, offering efficient customs clearance and regulatory compliance	AEO-certified processes, strong compliance framework, documentation expertise
Containerized Services	Safe and secure transportation using containerized vehicles for FMCG, white goods and high-value cargo	Secure handling systems, multimodal integration, reliability focus
Value Added Services (VAS)	Customized logistics solutions, including project handling and end- to-end supply chain support	Key Account Management (KAM), control tower- enabled single-window service, tech-enabled planning

Capitalising on Emerging Market Opportunities

TCI Freight continues to align its capabilities with the shifting contours of Indias logistics landscape shaped by evolving consumption patterns, rapid technological adoption and the steady expansion of distribution networks. As supply chains grow more complex and time-sensitive, the ability to respond with agility, scale and precision remains central to sustaining relevance and enabling growth.

Adapting to Changing Business Models

The rise of quick commerce, agri-tech platforms and organised retail has redefined traditional supply chain structures, introducing higher velocity, fragmentation and variability in demand. Logistics models must now accommodate both large-scale movements and frequent, smaller shipments within compressed timelines.

In this context, TCI Freight enables:

• Seamless integration of FTL and LTL capabilities across shipment profiles

• Flexible and cost-efficient transportation aligned with dynamic demand cycles

• Logistics support tailored to emerging consumption-led and digital-first business models

Strengthening Rural Connectivity

The increasing economic significance of rural and semi-urban markets has amplified the need for deeper and more reliable distribution networks. Bridging geographic distances and ensuring connectivity are critical to unlocking this demand.

TCI Freight addresses this through:

• A hub-and-spoke network designed to deliver extensive national reach

• Cross-border linkages facilitating regional trade flows

• A widespread branch and hub infrastructure extending into remote and underserved regions Advancing Digital Integration

In an increasingly data-driven logistics environment, visibility, predictability and control have become fundamental expectations. Businesses now require real-time insights and proactive intervention capabilities to ensure continuity and efficiency.

TCI Freight strengthens its digital backbone through:

• Control tower-enabled operations for continuous and centralised shipment monitoring

• Real-time alerts enabling timely decision-making and issue resolution

• Technology-led systems that enhance transparency, traceability and data integrity

Enabling Agile Supply Chains

Volatile demand patterns and evolving inventory strategies are driving the need for more responsive and adaptive supply chains. Flexibility in storage, routing and delivery scheduling is emerging as a key enabler of operational efficiency.

TCI Freight supports this shift by offering:

• In-transit storage solutions that enable dynamic inventory positioning

• Flexible delivery frameworks aligned with changing customer requirements

• Scalable infrastructure capable of adapting to fluctuations in demand

• Ensuring Secure Movement of Sensitive Cargo

The movement of high-value and fragile goods necessitates heightened standards of handling, monitoring and control. Maintaining integrity and traceability across the logistics cycle is essential to building trust and reliability.

TCI Freight addresses these requirements through

Specialised packaging and secure consolidation, particularly for LTL shipments

End-to-end track-and-trace capabilities across shipment sizes

A network-driven approach ensuring safe, consistent and controlled delivery

Performance Snapshot

Everything Seaways, Everything Seamless

TCI Seaways, the maritime arm of the TCI Group, which plays a strategic role in Indias coastal and multimodal logistics ecosystem. Headquartered in Gurugram, with key operational hubs in Chennai and Port Blair, the division brings over three decades of domain expertise in delivering integrated and efficient coastal shipping solutions.

Operating a fleet of six Indian-flagged vessels across major trade corridors on the eastern, western and southern coasts, TCI Seaways plays a critical role in enabling reliable, compliant and sustainable cargo movement. The division is strategically aligned with Indias logistics transformation agenda, including the Sagarmala initiative and is actively advancing coastal shipping as a cost-effective and environmentally responsible alternative within the national supply chain.

With a strong focus on safety, operational excellence and green logistics, TCI Seaways is strengthening its market position through calibrated capacity expansion. This includes the evaluation of selective second-hand vessel acquisitions to address near-term demand, alongside the addition of two new vessels currently under construction, scheduled for delivery by mid-2026 and deployment by FY27.

Industry Trends

Inland waterways cargo: 18 ->145+ MMT; 200+ MMT target by 2030

National Waterways: 5 -> 111; 4,900 km operational; 20 more planned

Sagarmala & MIV 2030 outlay: 5,165 crore (+48% YoY)

Coastal cargo up 119% in a decade

Coastal Cargo Promotion Scheme: 6% -> 12% modal share by 2047

 

Services Offered	Key USP	Supporting Capabilities
Coastal Shipping (Container & Bulk Cargo)	30+ years of coastal logistics expertise across East, West & South India	Fleet of 6 Indian-flagged vessels ensuring compliance and reliability
Multimodal Transport Integration	Seamless sea-rail-road integration for end-to-end connectivity	Strong intermodal linkages with TCI Freight, TCI SCS and TCI CONCOR
Specialised Container Movement	8,500+ multipurpose containers supporting diverse cargo needs	Dedicated handling infrastructure and container capacity
Bulk Cargo Movement	Efficient handling of large-volume industrial and breakbulk cargo	77,975 DWT fleet capacity enabling heavy and long- haul movement
Domestic Coastal Connectivity	Coverage across 7 major Indian ports ensuring consistent reach	Presence in key nodes including Chennai and Port Blair
International Reach	Operations aligned with regional trade, including Far East routes	Long-haul vessel capability and cargo handling strength
Regulatory & Safety Compliance	Certified operations with strong safety and quality standards	ISM & ISO 9001:2015 certification with proven safety record
Green & Sustainable Logistics	Focus on low-emission coastal and multimodal logistics	Fleet expansion including new vessels and efficiency upgrades (FY27)
Customs & Regulatory Clearance Support	Streamlined cargo clearance ensuring faster turnaround	Experienced teams managing documentation and port compliance

Capitalising on Emerging Market Opportunities

TCI Seaways continues to align its strategy with the evolving maritime and logistics landscape, where policy support, multimodal integration and sustainability imperatives are reshaping the sector. As coastal shipping gains prominence within Indias logistics mix, the division remains well positioned to participate in this structural shift.

Policy-Led Infrastructure Expansion

Indias maritime ecosystem is witnessing sustained momentum, driven by large-scale investments in port modernisation and coastal infrastructure. The expansion of cargo handling capacity and development of coastal economic zones are strengthening the foundation for long-term growth in coastal logistics.

In this context, TCI Seaways is focused on:

• Aligning fleet capacity with rising cargo throughput across key coastal corridors

• Strengthening operational readiness to leverage expanding port infrastructure

• Enhancing its role in supporting efficient, port-led logistics movement

Multimodal Integration Driving Port-Led Growth

As supply chains evolve towards greater efficiency, the integration of coastal routes within multimodal logistics networks is becoming increasingly critical. The development of SEZs, multimodal logistics parks and port-linked warehousing is expected to further accelerate cargo flows.

TCI Seaways is responding by:

• Leveraging integrated sea-rail-road capabilities for seamless cargo movement

• Strengthening synergies within the TCI ecosystem to deliver end-to-end solutions

• Positioning to support increasing export-import volumes driven by manufacturing growth

Advancing Sustainable Logistics

With a growing focus on reducing carbon intensity, coastal shipping and inland waterways are emerging as more energy-efficient alternatives within the logistics mix. This shift is expected to play a defining role in the evolution of supply chains.

TCI Seaways aligns with this transition through

Promoting coastal shipping as a lower-emission logistics solution

Expanding capabilities to support cargo movement through sustainable transport modes

Aligning fleet and operations with long-term environmental and efficiency goals

Performance Snapshot

Subsidiaries and Joint Ventures

A strategic joint venture between Transport Corporation of India Limited (TCI) and Container Corporation of India (CONCOR), this entity offers seamless, end-to-end multimodal logistics solutions. By integrating TCIs extensive road transport network with CONCORs robust rail infrastructure, the venture delivers cost-efficient, reliable and scalable rail-road services tailored to the evolving needs of the Indian economy and diverse industrial sectors.

TCI Cold Chain Solutions, a joint venture with Mitsui & Co., offers end-to-end temperature-controlled logistics services tailored to the needs of sectors such as agriculture, processed foods, pharmaceuticals, life sciences and speciality chemicals, where the nature of the cargo is highly sensitive to temperature and perishable. Backed by a robust cold chain infrastructure, a fleet of GPS-enabled reefer vehicles and automated temperature monitoring systems, the division ensures precise, compliant and seamless handling of perishable cargo across India and neighbouring countries.

A specialized arm of the TCI Group, TCI Chemlog Private Limited provides integrated logistics solutions for the safe and compliant handling of chemical products across solid, liquid and gaseous states. Leveraging certified storage facilities and a multimodal fleet comprising ISO tank containers, gas tankers and flexi tanks, the company ensures secure end to-end movement of hazardous and non-hazardous chemicals via rail, road and coastal routes with strict adherence to safety and regulatory standards.

A joint venture between Transport Corporation of India Limited (TCI) and Mitsui & Co., Transystem Logistics International Pvt. Ltd. specializes in integrated logistics solutions tailored for Japanese automotive manufacturers and suppliers in India. The Company offers a comprehensive suite of services, including Just-in-Time inbound logistics, outbound transportation, warehousing, spare parts distribution and CKD container movement.

TCI Nepal ensures seamless end-to-end logistics solutions between India and Nepal, handling cross-border cargo movement with a customer-first approach. The Company also facilitates customs clearance and offers reliable pick-up and last-mile delivery across key locations.

Based in Dubai, TCIL Middle East is TCIs wholly owned subsidiary offering streamlined cross-border logistics solutions across the region. With its single-window model, the Company enhances customer value by enabling efficient movement of goods in and out of the Gulf region.

A wholly owned subsidiary of TCI, TCI Bangladesh delivers integrated, single-window logistics and supply chain solutions. Headquartered in Dhaka, it operates across critical transit points, Petrapole, Benapole and Chittagong Port, to serve a growing clientele.

Group Entities

TCI Express is the express distribution arm of the Group, offering time-definite, door-to-door logistics solutions. Serving over 40,000 locations in India and 202 countries globally, it is a trusted partner for reliable, fast and scalable express deliveries.

TCI Developers focuses on the development of commercial real estate assets for the TCI Group. It undertakes the design and construction of office complexes, logistics parks, modern warehouses and other large-scale infrastructure projects.

TCI Foundation is the CSR arm of the TCI Group, dedicated to advancing inclusive social development. It drives impactful initiatives in preventive healthcare, education, olympic training, rural development and environment and climate change, partnering with government agencies and reputed organizations to ensure the upliftment of underserved communities.

TCIIOL is committed to professionalizing the logistics sector by addressing skill gaps and promoting industryrelevant learning. It focuses on emerging trends, builds sectoral competencies and fosters solutions to large- scale challenges, contributing to the development of a skilled and future-ready logistics workforce.

One Step Greener (OSG) is non-profit organization focused on advancing environmental sustainability through integrated solutions in waste management, recycling, environmental education, and urban afforestation. Established in 2018, it partners with households, educational institutions, corporate organizations, and communities to promote waste segregation, responsible disposal, and circular economy practices. The organization also supports informal waste workers by creating dignified livelihood opportunities and strengthening social inclusion. Through its programmes, OSG delivers measurable environmental impact while fostering long-term behavioral change towards a zero-waste future.

Case Studies

CASE STUDY

Efficient Reverse Logistics: Empowering a Leading Apparel Brand

Client: A top apparel brand managing high-volume festive returns in competitive fashion retail.

Challenges

• Volume surge from end-of-season sales

• Diverse return reasons (size, expectations, preferences)

• Merchandise devaluation and bottlenecks

• Delays impacting customer loyalty

Benefits

• Revenue recovery via resale-ready inventory

• Reduced waste for sustainability

• Enhanced customer retention

• Scalable,cost-efficient operations

Solutions

• Predictive analytics for proactive inventory

• 37,000+ sq. Ft. , storage with 35,000+ bins

• 1M units / 5M+ items / 80K+ SKUs throughput

• E-commerce integration and agile sorting

CASE STUDY

Secure Transport for Medical Imaging Equipment

Client : A healthcare equipment provider needing nationwide hospital deliveries.

Challenges

• Depot-to-distributor lifts across India

• Part/full-truckloads with multi-floor unloading

• Strict timelines, seasonal hurdles, damage risks

Benefits

• Direct Taurus/LPT vehicles for full loads

• Hub-and-spoke for part loads (pan-India hubs)

• Advanced equipment (zero-damage handling)

Solutions

• Dedicated Key Account Manager for coordination/MIS/payments

• Technically trained teams

CASE STUDY

Multimodal Copper Anode Logistics

Client : A copper production subsidiary of a metals/mining group.

Challenges

• Long-haul multimodal shifts

• High-volume 90 TEU container operations

• Tripartite coordination

• Rail-road integration

Benefits

• Optimized 1,900+ km transport

• Cost-efficient 1,890 MT/container delivery

• Reliable tripartite compliance

Solutions

• End-to-end execution via own siding

• Hub-and-spoke model

• Vendor partnerships

Sustainability: Fueling Enduring Value

At TCI, sustainability powers our operations, growth and value creation, not as a side agenda, but as a core dimension. It shapes decisions across operations, investments and stakeholder ties, enabling efficient, inclusive and ecoresponsible logistics.

Our ESG framework channels this into action: environmental stewardship, social impact and strong governance. Guided by Vasudhaiva Kutumbakam, "the world is one family"- we align business with communities, customers and ecosystems.

Leveraging multimodal networks, we optimize goods movement, shrink environmental footprints and bolster resilient supply chains - especially in remote regions.

"Sustainability isnt compliance at TCI - its competitive advantage, embedding resilience into every mile we move"

Looking ahead, we advance priorities synced to national goals and global climate action, driving responsible growth and lasting value.

Environmental Stewardship

Optimising Energy Consumption	Reducing Fuel Intensity	Strengthening Water
Adoption of energy-efficient practices and transition towards renewable energy, resulting in increased renewable energy contribution and improved energy intensity	Deployment of fuel-efficient fleet and route optimisation initiatives, enabling controlled fuel consumption despite scale expansion	Use of treated water and wastewater treatment systems, ensuring stable water consumption with no significant incremental withdrawal

Social Responsibility

Workplace Health and Safety	Ethical Labour Practices	Community Engagement
Regular safety audits and HSE assessments across facilities, resulting in zero work-related injuries during the year	Continuous monitoring across labour standards including child labour, forced labour and nondiscrimination, with no adverse incidents reported	CSR programmes across healthcare, education and environmental sustainability, creating sustained and measurable community impact

Governance

Ethical Governance Framework	Transparency and Disclosure	Stakeholder Engagement
Organisation-wide training and reinforcement of governance policies, with no instances of noncompliance or regulatory action	ESG disclosures through BRSR, maintaining strong ESG ratings (e.g., Very Good/ Committed)	Structured grievance redressal mechanisms ensuring no material grievances and continued stakeholder trust

Environment

Powering Low-Impact Logistics

At TCI, environmental sustainability is central to our logistics strategy. Through multimodal transportation, cleaner fuels, renewable energy and green infrastructure, we are reducing emissions while enhancing operational efficiency.

FY 2025-26 Highlights

80,000+ CNG trips executed

2,800+ Rail rake movements

58K+ Green points delivered through rail logistics

Score: 53 EcoVadis Committed rating

Very Good Dun & Bradstreet ESG rating

Key Strategic Initiatives

Energy Transition	Multimodal Logistics	Sustainable Procurement	Green Infrastructure	Circularity
Increased use of renewable energy and alternative fuels to reduce fossil fuel dependence.	Greater use of rail and coastal transport to lower emissions per tonne- kilometre.	Integration of environmental criteria into vendor selection and sourcing.	Development of energy- efficient warehouses and logistics facilities.	Focus on recycling reuse and waste minimisation.

TCI-IIM Bangalore Supply Chain Sustainability Lab

In partnership with Indian Institute of Management Bangalore, TCI has established the Supply Chain Sustainability Lab to drive research and innovation in decarbonisation, circular economy and sustainable procurement.

TEMT: Transport Emissions Measurement Tool

Developed through this initiative, TEMT is an ISO-certified digital platform that enables trip-level and network-wide emissions measurement across road, rail, air and sea. The tool has been formally adopted by DPIIT, Government of India and is hosted on its portal, supporting transparent reporting and data-driven decarbonisation decisions.

OneStepGreener (OSG)

OneStepGreener (OSG) is a tech-enabled environmental organization working across waste management, afforestation, and climate education to build cleaner and more sustainable communities. Through decentralized waste management systems, AI-enabled recycling infrastructure, and an expanding electric vehicle fleet, OSG promotes circular economy practices and responsible urban living.

With nearly 80% women in its workforce, OSG combines environmental action with inclusive livelihood generation. The organization operates a 50,000 Sq. Mtr. Material Recovery Facility (MRF) in Gurugram and has developed 8+ mini forests to strengthen biodiversity and climate resilience.

Key Milestones

• Diverted over 2.5 million kg of waste from landfills through recycling and resource recovery initiatives, preventing more than 12 million kg of CO₂ equivalent emissions and conserving approximately 48 million liters of water.

• Partnered with Google LLC to pilot Al-driven waste segregation technology at its MRF.

• Winners of the International Childrens Peace Prize, Global Teen Leaders, Childrens Climate Prize, UNDP Mahatma Award, amongst others, Vihaan and Nav Agarwal (founders of OSG) have been invited to speak at prestigious events such as World Economic Forum 2026 in Davos.

• One Step Greener has been chosen as one of the startups that Unilever and Niti Ayog are accelerating.

• Featured in leading media platforms including The Washington Post, Gulf News, Euro News, Associated Press, NDTV, The Times of India etc.

Social

Empowering Our People

At TCI, our employees are at the heart of service excellence and long-term value creation. Guided by our C.O.R.E. values, we focus on building a capable and engaged workforce through talent development, continuous learning and employee engagement. Health, Safety and Well-being

TCI is committed to providing a safe, inclusive and accountable workplace. Our HSE framework is embedded across operations and is supported by regular training, proactive risk management and strict compliance standards.

Zero-accident workplace	Regular HSE training and awareness programmes	Shared responsibility for safety across all levels
Resource conservation through reduce, reuse and recycle	Compliance with safety regulations, including hazardous goods handling	Safe movement of people and materials across operations

Corporate Social Responsibility Committee: Governing TCIs CSR Mission

TCIs CSR framework is overseen by a Board-level Committee, ensuring robust governance, strategic alignment and disciplined execution of the Companys social impact agenda.

• Ms. Gita Nayyar - Non-Executive Independent Director, Chairperson

• Mr. Dharmpal Agarwal - Executive Director, Member

• Mrs. Urmila Agarwal - Non-Executive NonIndependent Director, Member

• Mr. Chander Agarwal - Non-Executive NonIndependent Director, Member

Education, Awareness & Skilling Initiatives

TCIs social interventions are delivered through the TCI Foundation, an autonomous entity registered with:

• Ministry of Corporate Affairs

• Ministry of Health & Family Welfare

• Ministry of Youth Affairs and Sports

• NITI Aayog

FY 2025-26 Highlights

674K+	30,000+	13K+	550+
Truck drivers supported through healthcare initiatives	Saplings planted	Million people impacted through Project Ambient	Students enabled with access to quality education

 

2.1K	59K+
Individuals trained and placed through the TCI Institute of Logistics	Drivers engaged through TCI Safe Safar

Education and Skill Development

• TCI DAV Public School, Jharkhand:

Provides CBSE education to 550+ students from tribal communities.

• Transystem Educational Grant-inAid: Supports meritorious students from economically disadvantaged backgrounds.

• TCI Institute of Logistics: Delivers industry-aligned training to build a skilled logistics workforce.

• IT Skilling Centre: Offers digital training in partnership with the NIIT Foundation.

Women Empowerment and Livelihoods

• TCI DAV Sewing Centre: Provides vocational training to tribal women.

• Project Anokhee: Advances menstrual hygiene awareness while creating livelihood opportunities for women.

Healthcare and Public Health

• Project Ambient: Delivers healthcare and vision support to truck drivers through highway health centres.

• Khushi Clinics: Provides preventive healthcare to underserved communities and transport workers.

• TCI-Jaipur Foot Rehabilitation Centre: Offers prosthetic limbs and mobility aids free of cost. Over 1.4K+ beneficiaries were supported through the initiative in FY 2025-26.

• Project Saksham: Supports Indias malaria elimination efforts through capacity building and digital enablement.

Sports Development

• Urmila Sports Academy: Nurtures grassroots talent in wrestling, boxing and weightlifting; athletes won 44 medals in FY 2025-26.

Safety in Logistics

The Foundation of Operational Resilience

At TCI, safety is central to operational resilience. As we scale to support Indias growth, our integrated safety framework protects people, assets and digital systems, ensuring secure, reliable and uninterrupted logistics operations.

Digital Security	Road Safety
With AI and cloud-based control towers powering our logistics network, cybersecurity is critical to safeguarding data, ensuring business continuity and preserving stakeholder trust.	Our intelligent logistics model is strengthened by advanced safety technologies, including:
	• ADAS for real-time hazard detection and accident prevention
	• Video telematics and in-cabin coaching to address driver fatigue and distraction
	• Truck simulators to enhance driver preparedness and skill

Warehouse & Asset Safety

Across warehouses and multimodal hubs, strict safety protocols, preventive equipment maintenance and real-time GPS and telematics monitoring ensure secure cargo handling and end-to-end visibility.

At TCI, we do not just move goods - we move them with the discipline, care and responsibility that uphold customer trust and protect our workforce.

TCI Safe Safar

TCI Safe Safar is TCIs flagship road safety and driver welfare initiative, aligned with the National Road Safety Mission. Through awareness programmes, Nukkad Nataks and community outreach, it promotes safe driving, digital adoption and environmental responsibility. In FY 2025-26, the programme engaged over 1.31 million people, reached more than 59,000 drivers and secured over 152,000 safety pledges.

TCI Safe Safar Junior extends this effort to school children through engaging, age-appropriate awareness on traffic rules, helmet use, pedestrian safety and responsible school transport. Using Chhota Bheem, mobile school vans and street plays, the initiative has covered over 169 schools and reached more than 18,000 students.

TCI has also undertaken an anthropological study on the lives of truck drivers in India, in partnership with IIHMR, to better understand their aspirations, well-being and long-term outlook. The study seeks to inform a more sustainable and future-ready trucking workforce.

Governance

Building Resilient Foundations

TCI Governance Goals

TCIs strong governance underpins sustainable growth and stakeholder trust. Guided by our C.O.R.E. values, we uphold high standards of ethics, transparency, accountability and risk management to ensure long-term resilience.

Corporate Governance Framework

Our governance framework focuses on

Board independence, diversity and effective oversight	Compliance with applicable laws and regulations	Ethical business conduct and auditor independence
Robust internal controls and business continuity planning	Enterprise-wide risk management	Responsible balance between economic and social priorities

Human Rights and Ethical Conduct

TCI is committed to fair treatment of stakeholders, protection of shareholder rights, ethical workplace practices, performance-linked remuneration and responsible supplier relationships.

Governance Priorities

Our key priorities include strengthening governance structures, enhancing leadership diversity, ensuring adherence to the Code of Conduct, and safeguarding data privacy and cybersecurity.

Enterprise Risk Management

TCIs Board-led Enterprise Risk Management framework integrates risk assessment and mitigation across all operations. Risks spanning compliance, cybersecurity, market volatility, reputation and business-specific operations are reviewed regularly through risk registers and heatmaps. The Board has confirmed that no material risk currently threatens the Companys continuity.

Business Continuity and Disaster Recovery

Our Business Continuity Plan and IT Disaster Recovery framework are designed to minimize disruption from operational, technological and external events. Regular drills, business impact assessments and data protection measures help ensure uninterrupted service delivery.

Internal Financial Controls

TCI maintains a robust Internal Financial Control framework aligned with the Companies Act, 2013, providing assurance over financial reporting, compliance, asset protection and transaction integrity. The effectiveness of these controls is reviewed regularly by management, internal auditors, statutory auditors and the Audit Committee.

Cautionary Statement

This Report contains forward-looking statements based on current assumptions and expectations. Actual results may differ materially due to various risks and uncertainties. Investors are advised to exercise independent judgment when evaluating such statements

Sources

Technology & Digitalisation

A. Digital Logistics: From Differentiator to Baseline

KSH Integrated Logistics - The Future of Logistics in India (Jan 2026) — https://www.kshlogistics.com/blog/the-future- of-logistics-in-india-how-integration-data-and-speed-will-redefine-operations-by-2026/

PIB - India Marks Three Years of National Logistics Policy (Aug 2025) — https://www.pib.gov.in/PressReleasePage. aspx?PRID=2167224

EY India - Transforming Future of Indian Logistics Sector — https://www.ey.com/en_in/insights/consulting/ transforming-the-future-of-indian-logistics-sector

B. The Digital Landscape: Indias Leadership Position

Maximize Market Research - Digital Transformation Spending on Logistics Market (2024) — https://www. maximizemarketresearch.com/market-report/digital-transformation-spending-on-logistics-market/55763/

S&P Global Market Intelligence - Supply Chain Digital Transformation Enterprise Survey 2023 — https://www.spglobal. com/market-intelligence/en/news-insights/research/logistics-sector-prioritizes-digital-transformation-but-needs- technology-leadership-skills

Fortune Business Insights - Digital Logistics Market Size & Growth Report — https://www.fortunebusinessinsights. com/digital-logistics-market-109139

PIB - ULIP & Logistics Data Bank Milestones (Aug 2025) — https://www.pib.gov.in/PressReleasePage.aspx?PRID=2167224

C. Five Technologies Reshaping the Sector

McKinsey - Automation in Logistics: https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our- insights/automation-in-logistics-big-opportunity-bigger-uncertainty

DHL Trend Research - Robotics in Logistics: https://www.dhl.com/global-en/home/insights-and-innovation/insights/ robotics-in-logistics.html

Gartner - Future of Autonomous Supply Chains: https://www.gartner.com/en/supply-chain

Accenture - Generative & Agentic AI in Supply Chain: https://www.accenture.com/us-en/insights/artificial-intelligence/ supply-chain-ai

IBM - Digital Twin Technology: https://www.ibm.com/topics/what-is-a-digital-twin

Capgemini - Digital Twins in Supply Chain: https://www.capgemini.com/insights/research-library/digital-twins/

NVIDIA - AI Vision for Warehousing: https://www.nvidia.com/en-us/industries/retail/

Zebra Technologies - Vision Intelligence in Warehouses: https://www.zebra.com/us/en/solutions/warehouse.html

World Economic Forum - Sustainable Supply Chains: https://www.weforum.org/agenda/archive/supply-chain-and- transport/

DHL - Green Logistics Report: https://www.dhl.com/global-en/home/insights-and-innovation/thought-leadership/ trend-reports/green-logistics.html

PwC - Future of Last Mile Delivery: https://www.pwc.com/gx/en/industries/transportation-logistics/publications/ future-of-last-mile-delivery.html

McKinsey - Parcel Delivery Innovation: https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our- insights

Honeywell - Warehouse Automation Trends: https://automation.honeywell.com/us/en/industries/warehouse-and- logistics

ABI Research - Collaborative Robotics in Warehousing: https://www.abiresearch.com/

KPMG - Intelligent Supply Chains: https://kpmg.com/xx/en/home/insights.html

EY - Future Intelligent Supply Chain: https://www.ey.com/en_gl/supply-chain

D. Measurable Value: The Digital Dividend

Transport Logistic India 2026 - Logistics Cost Decline to 7.9% of GDP (Mar 2026) — https://blog.gettransport.com/ news/india-logistics-2026-trends/

Maximize Market Research - Digital Transformation Benefits & Cost Metrics — https://www.maximizemarketresearch. com/market-report/digital-transformation-spending-on-logistics-market/55763/

Insights on India - Cost & Competitiveness in Indias Logistics Transformation (Oct 2025) — https://www.insightsonindia. com/2025/10/08/transformation-of-indias-logistics-sector/

E. Navigating Adoption Barriers

S & P Global Market Intelligence - Supply Chain Digital Transformation Enterprise Survey 2023 — https://www.spglobal. com/market-intelligence/en/news-insights/research/logistics-sector-prioritizes-digital-transformation-but-needs- technology-leadership-skills

PIB - NLP 3-Year Review: Digital Literacy & Regulatory Challenges (Aug 2025) — https://www.pib.gov.in/ PressReleasePage.aspx?PRID=2167224

Insights on India - Infrastructure Gaps & Regulatory Fragmentation (Oct 2025) — https://www.insightsonindia. com/2025/10/08/transformation-of-indias-logistics-sector/

F. Indias Policy Architecture

PM India - PM Launches National Logistics Policy (Sep 2022) — https://www.pmindia.gov.in/en/news_updates/pm- launches-national-logistics-policy/

PIB - India Marks Three Years of NLP (Aug 2025) — https://www.pib.gov.in/PressReleasePage.aspx?PRID=2167224

Invest India - National Logistics Policy Overview — https://www.investindia.gov.in/team-india-blogs/national-logistics- policy-india

Insights on India - GatiShakti, NLP & Freight Corridors (Oct 2025) — https://www.insightsonindia.com/2025/10/08/ transformation-of-indias-logistics-sector/

G. Horizon 2027: The Autonomous Future

3SC Solutions - Indian Logistics Industry Trends & Growth [2026] — https://3scsolution.com/insight/indian-logistics- industry-trends-challenges-opportunities

KSH Logistics - Future of Logistics in India (Jan 2026) — https://www.kshlogistics.com/blog/the-future-of-logistics-in- india-how-integration-data-and-speed-will-redefine-operations-by-2026/

IBEF - New-Age Logistics Revolution: Drones, Cold Chains & Hyperlocal Solutions (Mar 2026) — https://www.ibef.org/ research/case-study/transforming-india-s-logistics-sector-challenges-and-opportunities

Insights on India - Viksit Bharat 2047 & Logistics (Oct 2025) — https://www.insightsonindia.com/2025/10/08/ transformation-of-indias-logistics-sector/

TCIs Circular Approach

https://www.ptscorp.com/blog/aftermarket-services/reverse-logistics-insights/

Zero-Emission Trucking (ZET): The New Logistics Standard

https://www.ptscorp.com/blog/aftermarket-services/reverse-logistics-insights/

Bibliography & References

# Publisher	Report / Article & URL
1 3SC Solutions	Indian Logistics Industry: Trends, Challenges & Growth [2026] https://3scsolution.com/ insight/indian-logistics-industry-trends-challenges-opportunities
2 Fortune Business Insights	Digital Logistics Market Size, Share & Growth Report https://www. fortunebusinessinsights.com/digital-logistics-market-109139
3 KSH Integrated Logistics	The Future of Logistics in India: Integration, Data and Speed by 2026 [Jan 2026] https:// www.kshlogistics.com/blog/the-future-of-logistics-in-india-how-integration-data-and- speed-will-redefine-operations-by-2026/
4 EY India	Transforming Future of Indian Logistics Sector https://www.ey.com/en_in/insights/ consulting/transforming-the-future-of-indian-logistics-sector
5 Maximize Market Research	Digital Transformation Spending on Logistics Market [2024] https://www. maximizemarketresearch.com/market-report/digital-transformation-spending-on- logistics-market/55763/
6 SkyQuest Research	Global Digital Transformation Spending in Logistics Market [Jan 2025] https://www. skyquestt.com/report/digital-transformation-spending-in-logistics-market
7 S&P Global Market Intelligence	Supply Chain Digital Transformation Enterprise Survey 2023 https://www.spglobal. com/market-intelligence/en/news-insights/research/logistics-sector-prioritizes-digital- transformation-but-needs-technology-leadership-skills
8 Press Information Bureau (PIB)	India Marks Three Years of National Logistics Policy [Aug 2025] https://www.pib.gov.in/ PressReleasePage.aspx?PRID=2167224
9 PM India (Official)	PM Launches National Logistics Policy [Sep 2022] https://www.pmindia.gov.in/en/ news_updates/pm-launches-national-logistics-policy/
10 Invest India	National Logistics Policy in India https://www.investindia.gov.in/team-india-blogs/ national-logistics-policy-india
11 IBEF	Transforming Indias Logistics Sector: Challenges and Opportunities https://www. ibef.org/research/case-study/transforming-india-s-logistics-sector-challenges-and- opportunities
12 Insights on India	Transformation of Indias Logistics Sector - PM GatiShakti, NLP & Freight Corridors [Oct 2025] https://www.insightsonindia.com/2025/10/08/transformation-of-indias-logistics- sector/
13 GetTransport Blog	Transport Logistic India & Air Cargo India 2026: Multimodal Logistics Trajectory [Mar 2026] https://blog.gettransport.com/news/india-logistics-2026-trends/

Source Mapping

Theme	Suggested source citation (for 2026 report)
India material consumption & waste shares	BOG ET, "Flattening the Curve"; "Green Growth Accelerators - Unlocking New Opportunities to Drive Sustainable Growth" - BCG & ET Edge Insight
EPR and reverse logistics concept	IEA / OECD / EPR guidance notes; McKinsey / sector specific EPR framework papers
Logistics emissions share (trucks, road, etc.)	IEA, "Global Energy and CO2 Status Report" (2023)
Carbon tracking, Scope 3, book and claim	McKinsey & World Economic Forum, "Driving decarbonisation: Accelerating zero emission freight transport"
Grade A/B warehousing stock & growth	JLL, "The Growing Landscape of Warehousing Sector in India" February 2025
Indian warehousing market size 2027	Grant Thornton, "Evolving Landscape of Warehousing and Logistics in India"
Green warehouse features & benefits	PwC India, "Transforming Warehouses" (URL: https://www.pwc.in/assets/pdfs/ transforming-warehouses.pdf)
Indian carbon market & CCTS	Government of India / Ministry of Environment, Forest & Climate Change; World Economic Forum reports
E commerce & Q commerce market size	IMARC / sector specific market reports
Indian cold chain market forecast	IMARC, "Indian Cold Chain Market"
Cosmetics & beauty market size & CAGR	IBEF; Grand View Research; Statista
Electronics manufacturing target	MeitY / Invest India / NPE 2019 policy documents
Textiles export figures & target	Directorate General of Foreign Trade / Ministry of Textiles FY 2024 25 data
Indian chemical logistics market size & CAGR	IMARC; Market Research Future
Defence exports, budget, ecosystems	Invest India, "Defence Manufacturing"; PIB; Ministry of Defence year end review 2025
Battery industry challenges & swaps	Capgemini Research Institute, "Future of Batteries" survey, Sept-Oct 2024
Green Hydrogen & renewables logistics	Deloitte India - Hydrogen Pilot & Logistics Insights; MNRE / National Green Hydrogen Mission documents