The Company was promoted by Shashi Kiran Shetty and incorporated on August 18 1993 as a private limited company under the name of All Cargo Movers (India) Private Limited. A fresh certificate of incorporation was obtained on June 25, 2004 subsequent to the change of name to Allcargo Movers (India) Private Limited. The name of the Company was changed to Allcargo Global Logistics Private Limited with effect from December 8, 2005. Subsequently the Company was converted into a public limited company.
It commenced its operations in 1993 as a shipping agency house and in addition provided freight forwarding services. After achieving thorough expertise and customer support it became a Multimodal Transport Operator (Registration No.MTO/DGS/163/98) from June 1998.
It provides various services such as inbound & outbound consolidation, multi-city consolidation, FCL forwarding airfreight forwarding activities project cargo handling and transportation and CFS operations. Today it is one of the leading consolidators with 17 branches and 9 franchisees in India. The Company has made strategic investments in Ecu Hold NV Belgium ACM Lines Pty. Ltd. South Africa and has a JV with Transworld Logistics and Shipping Services Inc. USA.
The company has vide an agreement dated January 10, 2006 increased its stake in Ecu Hold NV to 49.99% from 33.80%. Ecu Hold NV is a key NVOCC player having a presence globally via 110 own offices in 56 countries and franchisee and agents network across 203 locations in 120 countries totalling to 313 locations in 176 countries. Its association with Ecu Hold NV has enabled it to have a wider presence globally.
The Company had a transport division which carried on business till October 31, 2005. The said transport division had leased its various transport equipments to Trans india Freight Services Private Limited (a part of the Promoter Group company) and earned income by way of hire and transport charges. The income generated by the said transport division amounted to 2.1% of Company's total income for the year ended March 31, 2005.
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