24 Jul, 10:39 - Indian

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Transport Corporation of India Ltd

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BSE Code : 532349 | NSE Symbol : TCI | ISIN : INE688A01022 | Industry : Logistics |


Chairman's Speech

Dear Stakeholders, Namaste!

In our journey together as we pass yet another year, I continue to wish for your well-being and also that of your loved ones. I am happy to share that with your support and contributions, TCI has again delivered encouraging results. Along with increased commitment to nurturing environment, society and nation building, we have also strengthened our roots beyond the Indian borders. Through this year, we have grown and learned new things about ourselves and the world.

With a sense of deep appreciation, I begin by thanking all our stakeholders, employees, customers, and partners. Your dedication and support has helped us to grow with agility, resilience and adaptability. I also want to express my gratitude and welcome all the new members who have joined us as a part of our big TCI Parivar.

Legacy of Growth & Sustainability

Our CORE values have been the beacon guiding us in addressing the needs of today's dynamic logistics sector. This year's performance continues to reflect our unwavering commitment and consistency in providing high-quality logistics services.

We strongly believe that our success is closely intertwined with the well-being of our people, customers, vendors and the logistics fraternity at large. Across the board, we prioritize providing a safe, diverse and supportive environment that empowers for learning, growth and stability. Our consistent focus on developing a value based culture, allows us to forge ahead with confidence.

As a responsible corporate citizen, TCI is committed to sustainability with a focus on achieving the triple bottom line of planet, people and prosperity. In this direction, our sustainable practices of multimodal deliveries, energy conservation, green warehousing, sustainable packaging as well as water & waste management enable us to deliver on our promise of nurturing the environment. We have successfully converted some of our older trucks to CNG and now have a fleet of over 200 CNG vehicles.

On the social side, we focus on giving back to the society through various initiatives on preventive healthcare, education, women empowerment, rural development, and national sports development. We launched ‘Anokhee' – sanitary napkins produced in cottage industry run by tribal women for empowering young girls and women by giving them self-respect, confidence and instilling entrepreneurial mindset in them. We continued with the Government's Covid-19 Vaccination mission in the remotest corners of the country – holding camps from Ladakh to Andaman. TCI DAV School also underwent an upgrade in infrastructure, uplifting the delivery of education through smart boards for class rooms, new school furniture, laboratory equipment, sports facilities, computer infrastructure as well as a new school-bus. Our school is also growing with the younger generation's aspirations and dreams of the future. We are enabling them to be empowered, engaged and responsible citizens of this country.

Under TCI Safe Safar, we serve our social commitment of ensuring safety on the road through awareness and encouraging respect for the drivers' community. We have widened our scope to cover further aspects of sustainable development under this initiative with ‘Har Safar ESG Safar' campaign. During

FY 2022-23, we have reached a milestone of 1 million participants taking a pledge for ensuring road safety.

Trust, dependability, integrity, empathy and the heartfelt warmth of human touch have been the building blocks of Brand TCI over 6+ decades. These values have been our lighthouse as we navigate through balancing the interests of our internal and external stakeholders. Our business processes support accountability and responsibility towards the social, regulatory & market dynamics. We belief of transparent and impeccable corporate governance has been the corner stone of our stability, profitability and desired growth outcomes.

Acknowledgement

The future for logistics sector is bright. I take this opportunity to express my gratitude and appreciate the undaunted spirit of our TCI family. I thank all the stakeholders for their constant belief in our leadership team and for the continuous guidance at every step. Our ambitious growth-seeking plans are led not just by the prudent management at TCI but also by the wide base of customers and businesses that we cater to. We are excited about the upcoming decade of progress and fully committed to achieving our mutual goals.

Heartfelt wishes,

D. P. Agarwal

Chairman & Managing Director