Transport Corporation of India Limited (TCIL)

- Mr. Vineet Agarwal, Managing Director, Transport Corporation of India Limited (TCIL)

1. Please share an overview of your company's journey and business landscape in India

With over six decades of rich experience and expertise, TCI has emerged as the pioneer in providing integrated multimodal logistics and supply chain solutions. We provide an array of end-to-end logistics and supply chain solutions in India and SAARC countries through multiple modes, including road, rail, and sea. Our activities are supported by our extensive experience, reliable network, infrastructure, and professional workforce. SAARC is a business offering of TCI Group with a strong presence, especially BBIN countries. It provides logistics services to Nepal, Bangladesh, Sri Lanka, Bhutan, also connecting Myanmar with offices at borders & capital cities.

We operated 12,000+ Trucks, 1,400 IT-enabled own offices, 8000+General Purpose (GP) Containers, 650+ISO Liquid Tank Containers, 150+Reefer Vehicles, 13,000+Cold pallets positions, 5,500+ Employees Strength, moving nearly 2.5% of India’s GDP by value, 13 Million sq.ft. Warehouse space and also we own 06 Coastal cargo ships.

TCI Group always follows strategy which help to grow rapidly in this unstoppable world of logistic:

Wide Range of Services
Strong Multimodal Capabilities & Network
Technology & Automation Driven Operations
Presence Across High Growth Industry Sectors

2. As a business leader, how do you see the emerging opportunities and potential growth areas for your company or sector in India?

The logistics sector is the lifeblood of industries. In the current scenario, the Indian transportation and logistics sector is being propelled by resilience in supply chain management. Following the pandemic, it is now experiencing immense growth. This can be attributed to the country’s rapidly growing economy. The Indian logistics industry accounts for 12-13% of the GDP, thus, comprising of a significant share in the growth. Development in the logistics industry is one of the key factors responsible for boosting the GDP.

TCI Group always believe in 4 objectives: CORE

CUSTOMER FOCUS
OWNERSHIP
RESPONSIVE
EMPATHY

Which helps to strengthen company’s position high. With yearly revenues of over ` 62,000 Mn., TCI Group continues to be among India’s leading integrated supply chain and logistics solutions provider. TCI stands as a strong backbone for the Indian industries as it serves the most important verticals, offering diversified products and world-class services like warehousing, rail and container movement, coastal shipping, end-to-end supply chain solutions and integrated multimodal solutions. TCI plays a critical role in connecting people and goods from all over the country, including remote regions, and facilitates trade with neighboring nations. Currently, TCI's focus on green logistics, last mile deliveries, and multimodal network has made it a valuable asset to the Indian economy, providing answers to some of the most complex logistical challenges faced by the industry.

TCI Group provide solutions to their customers:

Specialized handling & transportation of medical devices including MRI machines and CT Scanners
Dynamic, safe, and cost-effective multimodal logistics solutions for all bulk
Liquid and dry chemicals
Movement of Hazardous and NonHazardous chemicals via road-rail and sea through usage of ISO containers
“Responsible Care” mantra for safe and environmentally-conscious management
HSE standards built in the Chemical industry

3. Looking ahead, how do you see innovation and sustainable business practices shaping your company's growth strategy?

We continue to build solutions in the area of sustainability, by adopting EV & alternate fuels like LNG. Additionally, TCI-IIMB Supply Chain Sustainability Lab celebrated its first-year anniversary, reinforcing the team’s dedication to advancing ESG practices for the betterment of the industry. Innovation and sustainable business practices are fundamental pillars that can significantly influence the growth strategy of a logistics company. Efficient Transportation Solutions: Innovation in logistics technology, such as route optimization algorithms and real-time tracking systems, can enhance efficiency and reduce fuel consumption and emissions. Investing in electric or hybrid vehicles, as well as exploring alternative fuel options like hydrogen or biofuels, can further contribute to sustainability while optimizing operations.

Implementing eco-friendly practices in our warehousing and distribution centers, such as energy-efficient lighting, solar panels, and can reduce our carbon footprint.
Last-mile delivery is often the most resource-intensive and environmentally impactful part of the logistics process.
Leveraging blockchain technology or other digital platforms can enhance supply chain transparency, allowing us to trace the origin of products and ensure ethical and sustainable sourcing practices. By collaborating with suppliers who prioritize sustainability and social responsibility, can build a more resilient and responsible supply chain.
Embracing the principles of the circular economy, such as product refurbishment, recycling, and remanufacturing, can reduce waste and resource consumption while creating new revenue streams. Partnering with customers to implement take-back programs or offering reusable packaging options can further promote sustainability throughout the product lifecycle.
As consumer awareness of environmental issues grows, there is increasing demand for sustainable logistics solutions. By offering carbon-neutral shipping options, offsetting emissions, or providing eco-friendly packaging choices, we can cater to environmentally conscious consumers and differentiate ourselves in the market.
Anticipating and adapting to evolving environmental regulations is essential for long-term success. Proactively implementing sustainable practices not only helps us comply with regulations but also mitigates risks associated with potential fines, reputational damage, or supply chain disruptions.
By integrating innovation and sustainable business practices into our growth strategy, we not only position ourselves for long-term profitability and competitiveness but also contribute to the transition towards a more sustainable and resilient logistics industry.

4. With an increasing emphasis on CSR, how do you integrate your CSR goals with your business strategy?

TCI Foundation while adhering to the rules and regulations of the Government of India, in collaboration with the International Development Agencies and National Agencies has implemented different development projects across the nation to reach the unreached communities and population. TCI Foundation mainly focus on Medical Research, Healthcare & Sports. TCI Foundation embed CSR considerations into our day-to-day business operations and decision-making processes. This includes integrating CSR criteria into supplier selection and procurement practices, incorporating environmental and social impact assessments into project planning, and ensuring ethical conduct and responsible business practices throughout our value chain. TCI Foundation leverage innovation and technology to drive positive social and environmental impact. This may involve developing sustainable products and services, investing in renewable energy and resource-efficient technologies.

5. How has IFCCI and its business network added value to your operations in India?

As we are PAN India based company, IFCCI can help TCI Group in numerous way:

Networking: Associations often serve as hubs for networking, connecting companies with potential partners, suppliers, clients, and industry experts. Through events such as conferences, seminars, and networking sessions, companies can expand their professional network and explore collaboration opportunities.
Advocacy and Representation: Associations advocate for the interests of their members on legislative, regulatory, and policy issues that affect the industry. By representing a unified voice, associations can influence policymakers, shape regulations, and address common challenges faced by companies within the industry.
Access to Resources and Tools: Associations often provide members with access to resources, tools, and research materials that can help companies improve their operations, enhance efficiency, and stay competitive.
Visibility and Branding: Membership in an association can enhance a company's visibility and credibility within the industry. Companies may be featured in association publications, directories, or websites, gaining exposure to potential clients and partners. Association logos or certifications can also serve as trust markers for customers.
Collaborative Projects : Associations facilitate collaborative projects, research initiatives, and industry-wide campaigns that address common challenges or pursue shared opportunities.