What we do North Eastern Carrying Corporation Limited is a leading logistics solution provider specializing in freight transportation services including part truck load, full truck load, bulk movements, and warehousing across India and neighboring countries. |
Founded in 1,984 |
Market share Well-established player in Northern and North Eastern India with expanding presence in Nepal, Bhutan, Tibet, and Bangladesh border areas. |
Problem solved Provides efficient, end-to-end supply chain and transportation solutions for industries including mining, steel, and polymers, addressing complex logistics challenges across regions. |
Top clients or who we serve Serves major clients including Tata Steel, GAIL (India) Limited, Hindalco Industries, Mankind Pharma, TVS Supply Chain, and others across B2B segments. |
Key management Sunil Kumar Jain (Chairman & Managing Director), Utkarsh Jain (Whole-Time Director), with experienced board including independent directors. |
Our journey and innovations Founded as Prakarima Leasing in 1984, diversified into transportation since 1999; pioneered use of electric heavy commercial vehicles; expanded services via mergers and new subsidiaries. |
Where we operate Operations across India with offices in Nepal, Bhutan, Tibet, and Bangladesh border areas, serving pan-India logistics needs. |
Top products or what we offer FTL, PTL, bulk and over-dimensional cargo movements, warehousing, 3PL services, mining logistics for iron, chrome, manganese ore transport. |
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Recurring vs cyclical contribution Revenue primarily recurring from long-term contracts in transportation and logistics services. |
Our industry position Strong regional player with significant contracts in mining and steel sectors; expanding into green logistics and electric vehicle segments. |
Financial highlights For FY 2024-25, revenue stood at INR 329 crore, profit after tax INR 10.25 crore, reflecting operational efficiency and 28% PAT growth. |
Geographical revenue split Revenue mainly from India, with contributions from operations in Nepal, Bhutan, Tibet, and Bangladesh border areas. |
Order book Received significant work orders worth INR 520 crore for iron ore transportation and INR 50 crore for polymer transport contracts (2023-2026). |
Whats driving growth Growth driven by diversified transport contracts, adoption of environmentally friendly vehicles, and expanding client base in mining and industrial sectors. |
Our future plans Focus on electrification of fleet, warehouse construction, and strategic expansions funded by recent rights and preferential share issues. |
Our green promise Committed to green logistics via electric heavy commercial vehicles and supporting environmental sustainability initiatives. |
Our people and values Employs 552 staff, promotes diversity and inclusion with proactive HR development and employee training programs. |
Key challenges ahead Mitigating operational risks in transport safety, competition, regulatory compliance, and managing financial controls effectively. |
Interesting facts Successfully completed oversubscribed rights issue; offering transport solutions in challenging terrains across multiple countries. |
Risks and strategy Employs comprehensive risk management for operational, financial, and cyber risks with continuous monitoring and mitigation strategies. |
