Driven by multimodal infrastructure, tech innovation, and policy reform, India’s logistics sector is scaling new heights.
Methodology
Companies in the business of logistics were selected in two categories:
1. Those above Rs.1000 cr of operating revenue but under `3000 cr of operating revenue and
2. Those above Rs.3000 cr of operating revenue
Company financial performances were adjudged on the basis of the growth of operating revenue and profits after tax over three years with higher weightage provided to more recent years. The companies have been ranked in the order of their financial growth – with equal weightage on operating revenue growth and profits after tax growth. Los making companies have been excluded.
India’s multilogistics sector is emerging as a cornerstone of economic growth, integrating transport, warehousing, and supply chain services into a single ecosystem. Valued at about $435 billion in FY2022, the sector is projected to more than double to $800 billion by 2030, growing at a CAGR of approximately 10-11 per cent. Logistics currently accounts for around 13-14 per cent of India’s GDP and employs over 22 million people. The government aims to bring logistics costs down to single digits by 2030, positioning India as a globally competitive trade hub.
Rising consumer demand, expanding manufacturing, and booming e-commerce underpin this growth trajectory.
Infrastructure development is central to this transformation. Programmes such as PM Gati Shakti Master Plan and Bharatmala Pariyojana are establishing integrated logistics corridors, while 35 planned multimodal logistics parks (MMLPs) will create large hubs, combining warehousing, transport, and distribution, five of which are expected to be operational by 2027. The Indian Railways’ Dedicated Freight Corridors (DFCs)—with 2,741 km already operational—are shifting bulk cargo to rail, lowering costs, and easing congestion on passenger routes. Meanwhile, inland waterways carried a record 145.5 million tonnes of cargo in FY2025, highlighting the growing role of sustainable multimodal transport.
Technology is equally pivotal. Platforms like the Unified Logistics Interface Platform (ULIP) and the Logistics Data Bank (LDB) are digitising supply chains, enabling real-time visibility and improving efficiency. Reforms such as GST and e-Way bills have streamlined interstate cargo movement, while private players and start-ups are pioneering artificial intelligence (AI)-based route optimisation, blockchain-enabled freight management, and electric vehicle (EV) and liquified natural gas (LNG)-powered fleets. Together, these measures are reducing bottlenecks, improving service reliability, and reshaping India’s logistics competitiveness.
Looking forward, three themes define the road ahead. First, the formalisation and consolidation of logistics through policy and private sector participation. Second, sustainability as a growth driver, with the railway’s share targeted to rise from 36 per cent to 45 per cent by 2030 and green warehousing becoming mainstream. Third, global benchmarking, with India aspiring to be among the world’s top 25 in the World Bank Logistics Performance Index by 2030. With policy momentum, technology adoption, and private sector innovation, multilogistics is set to become one of India’s most powerful
economic multipliers.
Fastest Growing logistics companies – (Large CATEGORY)
Rank Company Revenue (`crore) Profits (`crore)
2025 2025 2024 2023 2025 2024 2023
Companies having turnover above `3,000 crores
1 Delhivery 8,252.45 7,454.08 6,658.66 112.53 -167.97 -812.30
2 Transport Corporation of India 3,935.90 3,613.80 3,430.20 395.90 327.90 303.51
3 Container Corporation Of India 8,863.37 8,632.49 8,103.40 1,271.98 1,230.79 1,169.08
3 Shipping Corporation of India 5,592.33 5,046.04 5,793.95 814.10 612.15 800.12
4 Mahindra Logistics 5,012.56 4,529.90 4,458.90 43.50 61.98 64.53
5 Blue Dart Express 5,720.18 5,267.83 5,172.22 244.63 288.64 366.44
Fastest Growing Logistics companies – (MEDIUM CATEGORY)
Rank Company Revenue (`crore) Profits (`crore)
2025 2025 2024 2023 2025 2024 2023
Companies having turnover between `1000 cr and `3000 cr
1 Ritco Logistics 1,188.56 933.30 751.15 47.20 34.09 24.71
2 Gateway Distriparks 1,504.99 1,496.94 1,396.06 238.65 245.37 235.83
3 Allcargo Logistics 2,485.58 1,633.29 2,721.84 81.88 202.98 203.34
4 Aegis Logistics 2,976.78 2,980.35 3,075.13 529.00 411.83 817.32
4 TCI Express 1,208.27 1,253.82 1,241.01 90.77 131.69 139.28
Fastest Growing logistics companies
WINNERS 2025
Delhivery
Delhivery is India’s leading integrated logistics services provider, offering a complete range of solutions including express parcel, part-truckload (PTL), full truckload, supply chain services, and cross-border logistics. With a network spanning nearly every PIN code in India, supported by automated sortation centres, gateways, and thousands of delivery hubs, the company has built one of the most reliable and scalable centres logistics infrastructures in the country. Its asset-light model and strong technology backbone allow it to serve e-commerce platforms, SMEs, and large enterprises with speed and efficiency.
The company’s differentiation comes from a consistent focus on innovation and optimisation. Case studies highlight this: Delhivery worked with Gurobi’s optimisation engine to improve last-mile routing, reducing delivery times and costs; partnered with Coralogix to unify observability, cutting downtime by over 75 per cent and halving system monitoring expenses; and leveraged AWS Enterprise Support to streamline cloud operations, lowering mean time to resolution by 18 per cent while achieving double-digit cost savings. Alongside these, it continues to invest in automation, AI-based planning, and alternative fuel fleets to drive sustainability.
In FY2024-25, Delhivery reported revenues of `89.3 billion, a YoY growth of 9.7 per cent. EBITDA improved to `3.76 billion (margin approximately 4.2 per cent), and net profit turned positive at `1.62 billion. PTL services grew fastest at approximately 24 per cent, supported by tonnage expansion. With its scale, innovation, and financial turnaround, Delhivery is strongly positioned to consolidate leadership in India’s logistics sector and capture future opportunities in urban fulfilment, cross-border trade, and supply chain solutions.
Transport Corporation of India (TCI)
Transport Corporation of India (TCI) Ltd is one of India’s best-established integrated multimodal logistics and supply chain solution providers, with over six decades of experience. Headquartered in Gurugram, the company operates through a diversified model spanning road, rail, coastal shipping, and warehousing. Its infrastructure includes 10,000-plus trucks, six cargo vessels, 16 million sq ft of managed warehousing, and cross-border presence across Nepal, Bangladesh, and the Middle East, ensuring comprehensive connectivity and operational reach.
The company has positioned itself as a trusted partner across industries such as automobiles, retail, engineering, chemicals, agri-produce, healthcare, and e-commerce. With a focus on technology and sustainability, TCI leverages AI-driven route optimisation, blockchain-enabled operations, and India’s first ISO 14083-certified Transport Emission Measurement Tool. Initiatives such as compressed natural gas (CNG) and LNG fleets, multimodal rail cargo, and green warehousing underscore its commitment to responsible logistics. Its corporate social responsibility (CSR) arm, TCI Foundation, further strengthens its reputation through community health, education, and driver-safety programmes.
In FY2024-25, TCI reported consolidated revenues of `45.385 billion, with EBITDA of `5.974 billion and PAT of `4.161 billion, maintaining 18 consecutive quarters of growth. Supported by its strong balance sheet and a 5A1 D&B rating, TCI is strategically positioned to expand across renewables, semiconductors, cold chain, and defence logistics, while continuing to power India’s evolving supply chain ecosystem.
Ritco Logistics
Ritco Logistics Ltd is a leading Indian logistics and supply chain solutions provider, offering integrated freight movement, third-party logistics (3PL), and contract logistics across industries such as steel, cement, coal, and FMCG. With its asset-light model and pan-India reach, Ritco connects 2,200-plus destinations and serves over 600 customers. Headquartered in Gurugram, the company operates with a mix of owned fleet, aggregated vehicles through Trucksup Solutions, and rail integration, enabling cost efficiency and flexibility in operations. Its network expansion in FY2025 strengthened its footprint in Southern and Eastern India, helping it move more than 4.5 million tonnes of cargo.
The company differentiates itself through technology-led logistics integration and customised client solutions. Ritco’s digital platforms improve fleet utilisation, enhance visibility, and reduce costs, while its “green logistics” initiatives—such as route optimisation, decentralised fleet centres, and multimodal integration—support environmental, social, and governance (ESG) goals. Its strong customer-centricity has secured long-term contracts with institutional clients, underscoring trust in its ability to deliver on time and at scale.
In FY2024-25, Ritco reported its best-ever financial performance, with revenues of `118.86 billion, marking a 27 per cent year-on-year growth. Net profit surged 38 per cent to `4.72 billion, while operating profit margin improved to 7.5 per cent, reflecting disciplined cost management despite sectoral pressures. The company continues to focus on expanding 3PL offerings, investing in digital integration, and exploring cross-border trade opportunities. With India’s logistics reforms under PM Gati Shakti and the National Logistics Policy, Ritco is strategically positioned to sustain momentum and drive shareholder value in the years ahead.
Gateway Distriparks
Gateway Distriparks Ltd (GDL) is one of India’s leading integrated intermodal logistics providers, offering container freight stations (CFS), inland container depots (ICDs), rail transportation, bonded warehousing, and first- and last-mile connectivity. With a pan-India network of 10 owned container terminals, one rail-served container terminal, 34 trainsets, and over 560 trailers, GDL ensures seamless cargo movement between key ports and hinterlands. Its subsidiary, Snowman Logistics, extends its reach into cold chain logistics with 150,000-plus pallet capacity across 43 warehouses in 20 cities.
The company has built a strong position in India’s EXIM supply chain by leveraging double-stack train operations, multimodal integration, and technology-driven solutions. Its asset-light expansion strategy, such as the 15-year arrangement at the Ankleshwar multimodal logistics park, highlights a shift towards scalable growth without heavy upfront capital. Additionally, Snowman’s nationwide presence reinforces GDL’s entry into fast-growing temperature-controlled logistics, servicing sectors like food, pharma, and retail.
In FY2024-25, GDL reported consolidated revenue of `16.8 billion, EBITDA of `4.2 billion, and net profit of `3.7 billion, marking an approximately 45 per cent year-on-year jump in profitability despite global trade disruptions. Handling over 720,000 twenty-foot equivalent units (TEUs), the company is strategically positioned to benefit from the DFCs, rising e-commerce flows, and sustainability-driven supply chain transformation.
AVG Logistics
AVG Logistics Ltd is a leading integrated multimodal logistics provider in India, offering a blend of road, rail, warehousing, cold chain, and specialised liquid logistics solutions. Headquartered in Delhi, the company has built a strong footprint across the country with over 70 branches, around 856,000 sq. ft. of warehousing space, and a fleet of more than 3,000 vehicles, including LNG and electric trucks. Through partnerships with Indian Railways and long-term contracts with marquee clients, AVG ensures reliable, sustainable, and cost-efficient logistics for sectors such as FMCG, automotive, steel, cement, pharmaceuticals, and retail.
The company’s evolution has been marked by diversification and acquisitions, such as the takeover of Kaizen Logistics, which expanded its express logistics and coastal network capabilities. By embedding advanced technology—IoT-enabled monitoring, AI-based route optimisation, and warehouse management systems—AVG has enhanced efficiency and visibility, strengthening its customer-first approach. Its green logistics initiatives, including LNG and electric fleets and rail-based cargo movement, underline its commitment to sustainability and reduced carbon intensity.
In FY2024-25, AVG Logistics achieved revenues of `5.52 billion, a growth of
14.9 per cent YoY, with EBITDA of `955 million at 17.3 per cent margin and profit before tax of `263 million. With strong client relationships, disciplined expansion, and a focus on multimodal, green logistics, AVG is strategically positioned to scale further in India’s fast-transforming logistics sector.
Seamec
Seamec Ltd is one of India’s foremost providers of offshore oilfield and subsea support services, operating through a fleet of diving support vessels (DSVs), an offshore support vessel (OSV), and an accommodation barge. Headquartered in Mumbai, the company also manages bulk carrier operations via subsidiaries in the UAE. Its core services include diving, subsea inspection, repair and maintenance, fire-fighting, and logistics support, primarily catering to oil & gas majors like ONGC and international clients across the Middle East and Africa.
Seamec has established a reputation for its technical capabilities, safety systems, and execution of complex offshore projects. Its fleet, comprising SEAMEC II, SEAMEC III, Princess, Paladin, Swordfish, Diamond, and Glorious, enables a wide scope of marine operations, while subsidiaries Seamec International FZE and Seamate Shipping operate bulk carriers Seamec Gallant and Asian Pearl. The company’s adherence to global quality, health, safety, and environment (QHSE) standards (ISO 9001, 14001, 45001) and its diversification into related services, like tunnelling and fabrication, provide resilience against sectoral volatility.
In FY2024-25, Seamec reported consolidated revenues of about `65.18 billion (approximately $742.3 million), down 11 per cent YoY due to fewer vessel deployment days and drydocking. Profit after tax stood at `8.79 billion (approximately $105 million), a 27 per cent decline versus the previous year. Despite headwinds, long-term contracts, overseas charters, and new vessel acquisitions (such as SEAMEC Anant) strengthen its future growth outlook. With India’s Maritime Vision 2030 and global offshore activity in West Africa and Brazil, Seamec is well-placed to capture emerging opportunities in subsea engineering and marine logistics.