NEWS ROUND-UP
Issue 2
October, 2016
In Focus
For any organization, public listing is a landmark achievement. It signifies an organization’s transition to being a responsible corporate citizen, ready to be held accountable to public scrutiny, the highest standards of corporate governance, as well as fair, transparent, and regulated business transactions. So, it is certainly a moment of pride and significance for a logistics major like Allcargo Group, to have two of its flagship group companies, Allcargo Terminals Limited and Transindia Real Estate Limited, get publicly listed.
Allcargo Terminals Limited (ATL), a market leader in the CFS-ICD space and Transindia Real Estate Limited (TREL), a key player in the real estate, warehousing, and commercial real estate space, both independent entities demerged from Allcargo Logistics Limited, listed their shares on the Bombay Stock Exchange (BSE), and the National Stock Exchange (NSE) heralding the start of a new phase.
Building capabilities for enhanced shareholder value
As independent publicly listed entities, ATL and TREL have the strategic, operational, and financial flexibility to chart their distinct growth paths and explore diverse opportunities for organic and inorganic expansion.
With their stock becoming tradeable, they create potential for investors to accrue gains, and also enhance liquidity and access to capital.
“The successful listing of Allcargo Terminals and Transindia Real Estate is a start of a new journey for these businesses as independent companies. The management team will now have sharper focus and financial flexibility and strategic independence to aspire for higher goals”, says Mr. Shashi Kiran Shetty, Founder and Chairman, Allcargo Group.
Commemorating a significant milestone
The public listing of ATL and TREL was formalized with a celebratory ceremony at BSE Mumbai.
Mr. Shetty rang the bell twice, announcing the birth of the two public listed entities. Vaishnav Shetty, Non-Executive Director of Allcargo Terminals Limited, and Allcargo Group’s Chief Digital Officer, joined him to ring the bell for ATL, while Shloka Shetty, Non-Executive Director, Transindia Real Estate Limited, did the honours for TREL.
Senior leadership from the two companies, as well as key representatives of BSE Mumbai participated in the proceedings and addressed the attendees.
Delivering customer excellence
Building on the strengths of three decades of experience and expertise, and unmatched growth since the public listing of Allcargo Logistics Limited in 2006, this dual public listing of ATL and TREL reinforces Allcargo Group’s sustainable growth and progress.
Customers stand to gain from the intent of both entities to invest in state-of-the-art technologies, explore innovative product and service offerings, and optimize systems, processes, and operations.
“Allcargo Terminals is well-positioned to meet evolving customer needs and contribute to India’s thriving economy. As we continue to offer CFS-ICD services we will evaluate and participate in inorganic opportunities and adjacencies for accelerated growth”, quotes Suresh Kumar R, Managing Director, Allcargo Terminals Limited.
Jatin Chokshi, Managing Director, Transindia Real Estate Limited, states, “India looks to become a USD 5 trillion economy, and the thrust on various sectors like manufacturing, 3PL, e-commerce, etc. continues to spur the demand for world-class logistics assets. We, at Transindia Real Estate, are happy to contribute to the country’s growth story.”
Commitment to corporate governance and ESG
Owing to their public listing, both ATL and TREL are well-positioned to assure customers, employees, shareholders, and all other stakeholders alike, of their ethical, transparent, and accountable business practices.
Whether it is enabling business continuity, establishing a risk management framework, or setting up free and fair policies to govern people and the business, strong corporate governance is likely to translate into increased customer confidence, profitability, and positive impact on shareholder value.
Further, as part of Allcargo Group, the two listed entities are also aligned to the overall objective of becoming carbon neutral by 2040. This strategic and holistic approach to ESG can also create a unique competitive advantage.
Looking ahead
With their public listing official and complete, ATL and TREL are on the brink of a new chapter driven by innovation, expansion, and growth, backed by a digital-first approach and resolve to work towards sustainable, green logistics.
