BWI: TATA Co, DIESL Grows at 125% in 2009-10

Press release from Business Wire India
Source: Drive India Enterprise Solutions Limited (DIESL)
Thursday, May 13, 2010 01:47 PM IST (08:17 AM GMT)
Editors: General: Consumer interest, Economy; Business: Advertising, PR & marketing, Automotives, Banking & financial services, Business services, Commodities & materials, Financial Analyst, Major diversified industrial groups, Stock exchanges, Transport engineering; Automotive
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TATA Co, DIESL Grows at 125% in 2009-10


Mumbai, Maharashtra, India, Thursday, May 13, 2010 -- (Business Wire India) -- Heralding Tata's new success story, Drive India Enterprise Solutions Limited (DIESL), a joint venture of Tata Industries and Tata International announced its yearly results for the financial year 2009-10. The turnover for the fastest growing logistics service provider in India has grown over 125% from 103 Crores to 232 Crores when the industry average has been 12%. DIESL's Logistics Service has been growing over 125% in the last 3 years (161% in 07-08, 152% in 08-09 and 125% in 09-10). The company has registered growth in profit to the tune of 85% this year with 80% of the clientele from outside the Tata fold.

DIESL, which began as a 30 Crore trading outfit in 2004 has emerged as a leading Logistics services provider, operating the highest number of warehouses (176) with over 4 million sq feet of warehousing space and presence in over 85% of districts in India. The company operates in diverse industries like Telecom, Automobile, FMCG, Consumer Durables and Retail and has been able to ride the recession effectively.

DIESL provides customers and business enablers a vast array of Logistics, Transportation, Warehousing, Distribution & Last Mile Fulfillment, Freight Forwarding & Custom Clearance, Kitting & Packaging and other value added services including E-trading, Stock Management, Warehousing Operations, Sales, Banking operations, Tax Management, Cash Management, Accounting/MIS, etc. DIESL recently launched its International Logistics Solutions (ILS) to cater to the international market.

Recently, DIESL has been awarded as the Best Employer of the Award in the Logistics category by Indira Group of Institutes. It has been also awarded with Best CFA operations in the Northern region of India by Castrol and Mr. Ajay Chopra (CEO, DIESL) was awarded the "ELSC Professional CEO of the Year, 2009" award at the 3rd Edition of Express Logistics & Supply Chain Conclave, Mumbai.


CONTACT DETAILS
Jimmy Mathew, Alaaya News Service (ANS), +91 9820292545, jimmy@alaaya.com

KEYWORDS
CONSUMER, ECONOMY, MARKETING, AUTOMOTIVE, BANKING, BUSINESS SERVICES, COMMODITIES, Financial Analyst, GROUPS, STOCK EXCHANGES, TRANSPORT, AUTOMOTIVE

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