Draft Cargoways India Private Limited

Background

Established in 1996, Draft Cargoways India Private Limited (DCIPL) is a prominent logistics and freight forwarding company headquartered in Chennai, Tamil Nadu, India. As a subsidiary of the Fairmacs Group of Companies, DCIPL has expanded its operations globally, offering comprehensive logistics solutions across various industries. The company's mission is to deliver innovative, personalized, and cost-competitive logistics services that enable clients to focus on their core business activities. DCIPL envisions becoming a leading logistics service provider through continuous innovation and by building an integrated world of logistics services that ensure absolute customer satisfaction.

Key Strategic Focus

DCIPL specializes in Less than Container Load (LCL) import and export freight consolidation services, having pioneered LCL import consolidation from Singapore to India. The company offers a range of services, including sea freight, air freight, project cargo management, warehousing, transportation, and customs clearance. DCIPL caters to industries such as oil and gas, automotive components, chemicals (hazardous and non-hazardous), pharmaceuticals, hazardous and dangerous gases, refrigerated cargo, carpets, coir products, garments, and exempt commodities. The company leverages advanced technologies and a robust global network to provide efficient and reliable logistics solutions.

Financials and Funding

As of the fiscal year ending March 31, 2023, DCIPL reported a 42.5% increase in total revenue and a 21.81% rise in profit compared to the previous year. The company's net worth also saw a significant increase of 42.68%. DCIPL has an authorized and paid-up capital of ₹5 million each. The company has active open charges totaling ₹50 million, including a charge with HDFC Bank Limited registered on May 24, 2021.

Pipeline Development

DCIPL is actively expanding its business into new trade lanes, including South America, Australia, and African markets, to meet the growing demand for shipping movements from these regions. The company is also enhancing its service offerings in industries such as oil and gas, automotive components, and chemicals, aiming to provide time-bound and cost-competitive door-to-door logistics solutions.

Technological Platform and Innovation

DCIPL differentiates itself through the use of advanced technological platforms and proprietary methodologies:

Proprietary Technologies: The company employs specialized software for cargo handling, ensuring efficient management of over-dimensional and overweight shipments.

Scientific Methodologies: DCIPL utilizes technical software to determine optimal transportation methods for special cargo, balancing cost-effectiveness with safety and regulatory compliance.

Leadership Team

DCIPL's leadership comprises experienced professionals:

Dattatreya Ramakrishna Shete: Managing Director since April 1, 2021, with extensive experience in logistics and supply chain management.

Sunil Ramakrishna Shete: Director since the company's inception on May 17, 1996, contributing significantly to the company's growth and strategic direction.

Anil Prabhakar Bakle: Director appointed on February 2, 1999, overseeing various operational aspects of the company.

Competitor Profile

Market Insights and Dynamics

The logistics industry in India is experiencing rapid growth, driven by increasing globalization, e-commerce expansion, and infrastructural developments. The market is characterized by intense competition, technological advancements, and a focus on integrated supply chain solutions.

Competitor Analysis

Key competitors in the Indian logistics sector include:

CJ Darcl Logistics Limited: Founded in 1986, CJ Darcl offers integrated logistics services, including full truckload, rail cargo, shipping, air cargo, contract logistics, multimodal transportation, and freight forwarding. The company serves industries such as metals and mining, chemicals, oil and gas, FMCG, automobiles, e-commerce, pharmaceuticals, and consumer durables. CJ Darcl has implemented AI-powered dashcams and a cloud-native Transport Management System to enhance operational efficiency.

Strategic Collaborations and Partnerships

DCIPL collaborates with NCBFAA-approved customs brokers to provide import and export customs clearance services in the USA. The company has established bonds with US Customs for AMS and ISF (10+2) data filing services. Additionally, DCIPL partners with Roanoke Trade to offer transportation-related insurance products, including marine cargo insurance, to its clients.

Operational Insights

DCIPL's strategic considerations include:

Market Position: Leveraging its pioneering role in LCL import consolidation and extensive global network to maintain a competitive edge.

Competitive Advantages: Offering a comprehensive range of logistics services, industry-specific solutions, and a commitment to continuous improvement and innovation.