What we do Afcom Holdings Limited is a leading air cargo solutions provider specializing in expedited cargo services across Southeast Asia, including India, Maldives, and ASEAN nations. |
Founded in 2,013 |
Market share Largest handler of transshipment cargo at Maldives' Velana International Airport; recognized cargo carrier with strong regional presence. |
Problem solved Enables faster and smarter movement of goods through air cargo, supporting regional trade and supply chain efficiency for diverse industries. |
Top clients or who we serve Serves e-commerce marketplaces, retailers, enterprises, SMEs across FMCG, electronics, automotive, and manufacturing sectors; operates on B2B model via freight forwarders. |
Key management Capt. Deepak Parasuraman (Founder & Managing Director), aviation industry veteran with 25+ years of experience. |
Our journey and innovations Founded 2013, transitioned to public company 2023, launched new routes in 2024-25, secured multiple GSSA agreements, and introduced domestic charter services. |
Where we operate India, Southeast Asia, Maldives, with transshipment hubs in Bangkok, Hanoi, and Maldives; expanding to Sri Lanka, Myanmar, UAE. |
Top products or what we offer Cargo services including General Cargo, Flying Fresh, Pharma, Priority, Courier, Project Cargo, Dangerous Goods, High-Value Cargo, bonded trucking, and charter flights. |
Top brands AFCOM Cargo - recognized by DSV Air and award-winning; operates Boeing 737-800 BCF fleet; exclusive cargo airline with multiple international partnerships. |
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Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily recurring from cargo handling and freight forwarding services with steady demand from ecommerce and manufacturing sectors. |
Our industry position A leading independent cargo airline with BBB+ rating, strong operational excellence, and expanding global route network. |
Financial highlights FY 2024-25 revenue Rs. 238.72 Cr, PAT Rs. 48.42 Cr; nearly doubled profit from previous year; equity infusion through IPO in 2024. |
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Whats driving growth Expansion of routes, increased cargo volumes, new charter services, strategic partnerships, and rising ecommerce logistics demand. |
Our future plans Enhance fleet and routes in South Asia and ASEAN, invest in technology and customs clearances, and deepen global cargo network. |
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Our people and values Employs 73 staff, fostering diversity; emphasizes safety, service excellence, and corporate governance. |
Key challenges ahead Managing operational costs, competition from larger airlines, regulatory compliance, and maintaining fleet efficiency. |
Interesting facts First pure standalone cargo airline in India; awarded "Freighter of the Year 2026" at Velana Awards; operates India's largest transshipment hub in Maldives. |
Risks and strategy Mitigation through diversified routes, partnerships, strong compliance, and focus on operational efficiency and customer service. |
