What we do East West Freight Carriers Ltd specializes in comprehensive logistics services including air, ocean freight forwarding, and road transportation across Asia, Middle East, USA, Europe, Africa, and Australia. |
Founded in 1,981 |
Market share Ranked as India's leading air freight forwarding company with extensive international network partnerships. |
Problem solved Addresses the need for efficient, reliable freight forwarding and logistics solutions across multiple transport modes globally. |
Top clients or who we serve Serves global importers, exporters, enterprises requiring integrated freight forwarding and logistics services; operates primarily B2B. |
Key management Ajaz Shafi Mohammed (Managing Director & CEO); Huzefa Wapani (CFO); Fulchand Kanojia (Company Secretary). |
Our journey and innovations Originally an investment company (1981), evolved into logistics leader via acquisitions, including 2017 acquisition of East West Freight Carriers Ltd and 2024 amalgamation with Zip Express & Logistics. |
Where we operate Active in India and global markets spanning Asia, Middle East, North America, Europe, Africa, and Australia. |
Top products or what we offer Air and ocean freight forwarding, road transportation, and end-to-end logistics solutions. |
Top brands East West Freight Carriers Ltd flagship brand with 40+ years market leadership; minority stake in Tandem Logistics expands network to 65 countries. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily recurring through freight contracts, with some cyclicality based on trade volumes. |
Our industry position Market leader in Indian air freight forwarding with a broad global logistics footprint and established agent network. |
Financial highlights FY 2023-24 Consolidated Revenue Rs. 208.43 crores; Profit Rs. 8.63 crores; Recovered from previous year losses with positive operating margins. |
Geographical revenue split - |
Order book - |
Whats driving growth Integrated logistics demand growth, network expansion, international trade recovery, and operational consolidation drive current growth. |
Our future plans Focus on expanding logistics solutions, leveraging amalgamation synergies, and increasing market share in global freight forwarding. |
Our green promise - |
Our people and values Maintains experienced leadership and promotes ethical corporate governance; emphasis on transparent operations and inclusive workplace. |
Key challenges ahead Navigating global trade fluctuations, competitive pressures, and managing integration post-amalgamation. |
Interesting facts Over 40 years in freight forwarding; transformed from an investment firm to a pan-continental logistics leader. |
Risks and strategy Mitigating risks via diversified global operations, strong agent networks, and strategic acquisitions to ensure resilient growth. |
