Logistics companies, often referred to as third-party fulfilment providers or 3PLs, deliver integrated Supply Chain solutions that encompass functions such as order processing, warehousing, item selection, packaging, and shipment. These companies handle inventory reception, processing, transportation and storage on behalf of companies.

Logistics in India plays a substantial role in India's economy, accounting for approximately 14.4% of the GDP, and its influence is steadily increasing. Projections indicate that the Indian logistics market is poised for a robust growth trajectory, with an anticipated Compound Annual Growth Rate (CAGR) of 15.5% by 2024. Additionally, the logistics industry is a significant source of employment in India, currently providing jobs to over 22 million individuals, with expectations of generating an additional 1.2 million employment opportunities by 2025. Logistics companies in India will play a major role in driving the growth of India in this decade.

How to select best logistics company in India

Choosing a logistics company in India requires thorough planning, diligent research, strict adherence to regulations, and a focus on efficiency. Below are the essential steps to select an efficient logistics company in India:

• Supply Chain Requirements: Determine your supply chain prerequisites by outlining the particular requirements, including the categories of products you plan to manage, storage capacity, transportation essentials, warehousing infrastructure, and logistical capabilities.
• Regulatory Compliance: Acquaint yourself with the regulatory landscape governing the handling and transportation of your products in India. Gain a comprehensive understanding of the permits, licenses, and compliance responsibilities outlined by local and national authorities. Emphasize the importance of complying with safety, environmental, and transportation regulations to guarantee lawful and secure operations.
• Infrastructure and Facilities: Identify suitable facilities for storage and warehousing . Assess options for leased or owned warehouses that align with safety standards, possess the required infrastructure and are strategically located to facilitate efficient transportation and distribution
• Transportation and Logistics: Establish collaborations with well-regarded transportation and logistics companies skilled in the handling of your products. Confirm their possession of the required permits, equipment, and expertise to safely and effectively transport within india.
• Safety Protocols: Create comprehensive and resilient safety protocols along with standard operating procedures (SOPs) for the management, storage, and transportation of inventory Enforce measures to minimize risks, avert accidents, and protect the well-being of personnel, facilities, and the environment.
• Technology and Systems: Allocate resources to appropriate technology systems for the efficient management of your supply chain. This encompasses inventory management, tracking and tracing functionalities, quality control procedures, and meticulous record-keeping. Explore the adoption of specialized software or platforms to streamline operations and improve transparency across the supply chain
• Customer service: Customer service holds significant importance in your evaluation process. You can assess this aspect by actively observing their responsiveness in communications and their approach to addressing issues. Opting for a logistics company in India that offers round the clock customer service is ideal as it ensures accessibility whenever you require assistance.

Top Logistics companies in India

Based on the above factors we have curated a list of best logistics companies in India.

1. Godamwale

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Godamwale, a company founded by engineers from IIT having 45+ years of experience in supply chain provide end to end logistics solutions in India from freight forwarding, warehousing to transportation with cutting edge technology. Godamwale, India's leading supply chain company offers technologically advanced, scalable warehousing, and 3PL solutions across over 129 cities in India.

Godamwale offers a flexible warehousing solution that doesn't require long-term space commitments, allowing companies to align their sales cycles with their warehousing needs. Through its extensive network of technologically-driven warehouses, it assists companies in reducing costs, enhancing sales, shortening delivery times, and elevating the customer experience. This warehousing network is underpinned by the company's proprietary supply chain software, which delivers real-time, end-to-end visibility and analytics, enabling faster and more informed decision-making in the supply chain.

The technology "Inciflo" by Godamwale facilitates tracking and management of products, starting from manufacturing and extending to retailers/distributors and end customers, utilizing attributes such as LOT number or batch number. It ensures 100% inventory accuracy and order precision, while also implementing user-specific transactional controls such as FIFO (First In, First Out), FEFO (First Expired, First Out), and LEFO (Last Expired, First Out).

The Godamwale's facilities follows all the safety compliances equipped with trained manpower to handle products with any kind of volume and complexity of operations. 

2. Mahindra Logistics

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Mahindra logistics is one of India's largest 3PL providers, offering comprehensive integrated logistics solutions. Our mission is to assist clients from various industries in efficiently managing their entire supply chain, covering stages from pre-production and production to storage and distribution. In addition to our mobility services, it provides a robust transport network, including multi-modal and last-mile delivery solutions..

The primary focus is to provide core 3PL Integrated Solutions and Network Transportation Services. Their mobility segment extends a wide range of people mobility services, serving both B2B and B2C markets.

3. Safexpress

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A company started in 1997, is India's leading transport company and has established an impeccable network, direct routes, round-the-clock operational continuity, and the provision of top-tier services.

Safexpress stands as India's preeminent logistics and supply chain services organization, offering a comprehensive array of logistics services in India. These encompass Express Distribution, 3PL (Third-Party Logistics), and Consulting services, catering to a vast clientele in the B2B sector. Additionally, Safexpress extends its reach to C2C customers through meticulously tailored, value-added express distribution services.

Leveraging its profound understanding of diverse customer needs across a multitude of industries, Safexpress's client base spans a wide spectrum of business verticals. These range from Healthcare to Automotive, Hi-Tech to FMCG (Fast-Moving Consumer Goods) and consumer electronics, Apparels & lifestyle to Engineering, and Books & periodicals.

4. VRL logistics

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Established in 1976, VRL is a publicly listed company on both the NSE and BSE Exchanges, boasting a market capitalization of INR 55.89 billion as of March 31, 2023. Over the years, it have evolved into a nationally recognized logistics and transportation enterprise, holding the distinction of being the largest fleet owner of commercial vehicles in India. VRL has been a trailblazer in establishing a secure and dependable logistics network, particularly in the realm of parcel services, ensuring the efficient delivery of goods, even in remote and challenging locations.

5. Gati

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Gati, established in 1989 is renowned for streamlining the seamless and tailored movement of goods from their origin to their destination, Gati provides comprehensive logistics solutions suitable for both individuals and corporations. This transformation encompasses all stages, from transportation and handling to procurement, distribution, and even global logistics and production.

Gati's proficient logistics solutions extend their reach to cover over 99% of districts across India. Notably, they boast the exceptional achievement of having the most extensive multi-modal connectivity network, encompassing surface, air, and rail transport.

6. DHL

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DHL is a German logistics company that originated in the United States. It specializes in courier services, package delivery, and express mail, handling a substantial volume of over 1.8 billion parcels annually. As a subsidiary of the German logistics conglomerate DHL Group, DHL Express, its express mail division, stands as a prominent player in the Indian parcel services market and serves as India's primary courier and parcel delivery service provider.

7. Transport corporation of India

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Headquartered in Gurugram, Haryana, India, TCI (Transport Corporation of India) was established in 1958 by Prabhu Dayal Agarwal in Kolkata, India.

TCI Freight offers a range of transportation services throughout India. These services include full truckload, less than truckload (LTL), small consignment, and transportation of over-dimensional cargo. In addition to road transport, this division provides rail transportation solutions using bulk rakes, containers, and wagons.

TCI Express: Formerly known as TCI XPS, TCI Express is the express cargo division of the TCI Group. This division specializes in offering domestic and international courier services via road, rail, and air, with additional value-added services. TCI Express also plays a role in the e-commerce logistics sector in India.

8. Bluedart

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Blue Dart Express is an Indian logistics firm specialising in courier delivery services. Its headquarters are located in Mumbai, Maharashtra and was incepted in 1983. The company also operates a subsidiary cargo airline known as Blue Dart Aviation, serving various South Asian countries.

During its early years, Blue Dart entered into a business agreement with Gelco Express International, UK, to manage international air package express services originating from India.

In 2010-11, Blue Dart introduced the option of 'cash on delivery (COD)' as an additional payment method for its courier services, catering to the evolving preferences of its customers.

9. Allcargo Logistics Ltd

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Allcargo Logistics Limited, headquartered in Mumbai, India, is a renowned logistics company. It is recognised for providing comprehensive multi-modal integrated logistics and transportation services on a global scale.

Allcargo's MTO service encompasses NVOCC (Non-Vessel Operating Common Carrier) operations associated with LCL (Less than Container Load) consolidation and neutral FCL (Full Container Load) activities worldwide. This is facilitated through its wholly-owned subsidiary, ECU Worldwide. Initially,.

It manages four CFSs, including locations at JNPT, Chennai, Mundra, and Kolkata.. The services offered encompass export and import handling, LCL shipments, bonded and open warehousing, first and last-mile transportation, dry container maintenance and repair, reefer monitoring, and the handling of hazardous materials.

10. TVS Supply chain

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TVS SCS provides a comprehensive range of supply chain services that encompass the entire process, including sourcing and procurement, integrated transportation, Logistics Operation Centre, In-Plant Logistics, finished goods and after-market fulfilment, consultancy, professional services, and product management solutions. These services are backed by our advanced Information Systems.

It specializes in resolving supply chain challenges for a diverse clientele, including international organizations, government departments, and both large and medium-sized businesses. Their expertise lies in delivering efficient solutions that not only reduce our clients' operating costs but also enhance their overall performance.

11. Delhivery

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Delhivery is an Indian company specializing in logistics and supply chain services, with its headquarters located in Gurgaon. Established in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati, Delhivery boasts an extensive network infrastructure. This includes more than 85 fulfillment centers, 24 automated sort centers, 70 hubs, a network of over 7,500 partner centers, and a fleet of 3,000+ direct delivery centers.

12. Ekart Logistics

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Ekart is leading logistics and supply chain provider in India. Their journey began in 2009 as the internal supply chain division for Flipkart. Over the years, unwavering commitment to delivering exceptional consumer experiences, characterized by dependable deliveries and the efficient management of large-scale variability, has established them as the preferred partner for numerous businesses. By availing their comprehensive end-to-end fulfilment services, you can ensure that your customers receive on-time deliveries and enjoy a seamless and hassle-free experience, thus keeping them satisfied.

Conclusion

The Indian logistics market is experiencing rapid growth, marked by the emergence of numerous companies. Nevertheless, it is crucial to exercise careful consideration when making a decision in this regard, as it can significantly impact the success or failure of your business. It is advisable for companies to collaborate with logistics firms in India that possess an extensive nationwide presence, offer a flexible operational model, and leverage cutting-edge technology. This strategic partnership enables businesses to make quicker and more optimal decisions within their supply chain operations.

Redefine your supply chain

The post Best 12 Logistics companies in India - 2023 first appeared on Godamwale.

The post Best 12 Logistics companies in India - 2023 appeared first on Godamwale.