### **Overview** North Eastern Carrying Corporation Limited (NECC) is a well-established, India-based logistics and transportation company with over five decades of operational experience. Headquartered in New Delhi and led by Managing Director Mr. Sunil Jain, NECC has evolved from a regional Part Truck Load (PTL) provider into a full-service, integrated logistics solutions company serving diverse sectors across India, Nepal, Bhutan, and border areas of Bangladesh. The company is recognized as a market leader in PTL logistics in Eastern and North Eastern India and is strategically expanding into green and tech-enabled logistics. --- ### **Key Business Segments & Services** NECC offers a comprehensive suite of logistics services across four core verticals: 1. **Partial Truck Load (PTL):** - Flagship business segment focused on transporting small parcels (<50kg) to eastern and northeastern India. - Operates under a Hub-and-Spoke model for optimal efficiency in challenging terrains. - Serves over **400,000 customers** through **230+ offices** across India, Nepal, Bhutan. - Highest **network density and service coverage** in the region; recognized as **No. 1 PTL provider in Northeast India**. 2. **Full Truck Load (FTL):** - Customized, door-to-door trucking solutions for corporate clients. - Offers flexible origin and destination points nationwide. - Strong client base in steel, FMCG, pharma, and infrastructure sectors. 3. **Bulk Logistics:** - End-to-end transportation of mining materials (chrome, iron, manganese ore) from mines to processing plants and end customers. - Operates in low-competition, high-margin markets due to operational complexity and regulatory barriers. 4. **Over-Dimensional Consignment (ODC):** - Specialized transport of oversized and heavy cargo on a turnkey basis across India. - Uses expert teams, advanced equipment, and safety protocols. - High-growth, high-barrier-to-entry segment with key clients including **Tata Steel, GAIL, Uno Minda**. 5. **Warehousing & 3PL (Third-Party Logistics):** - Manages **over 1.5 million sq. ft.** of warehousing space across India through owned and leased facilities. - Provides integrated solutions including storage, inventory management, packaging, and just-in-time delivery. - **Fastest-growing segment**, supported by investments in infrastructure and technology. --- ### **Strategic Growth Initiatives** #### **1. Expansion in Warehousing & Infrastructure** - Developing a new **183,000 sq. ft. solar-powered warehouse** in Tauru (near Gurugram) on a 5-acre site. - Features multi-level racking, electric material handling equipment, staff housing, and **2 MW rooftop solar plant**. - Fully funded through internal reserves; has secured **pre-committed business**. - Aims to reduce energy costs and support EV-based fleet integration. - Plans to scale to **3 million sq. ft.** of warehousing space; expansion to be executed through an **asset-light model** (mix of owned and leased facilities). #### **2. Digital Transformation** - Leveraging **NECC TRANSINFO** — its proprietary consignment tracking system — for real-time, 24x7 monitoring. - Operating a **Control Tower system** for live tracking, enhanced visibility, and customer service. - Planning to scale digital infrastructure for improved **route optimization, delivery time reduction, and operational efficiency**. #### **3. Franchise-Based Network Expansion** - Pursuing a **franchise model** in remote and underserved regions to reduce capital risk and accelerate growth. - Aims to expand from 230 to **500+ locations** by FY23–25. - Focus on strengthening manpower and serviceability, especially in the **PTL segment**. #### **4. Sustainability & Green Logistics (EV Adoption)** - **Pioneer in EV logistics** with entry into electric heavy commercial vehicle transportation. - Secured a **five-year contract with Tata Steel** to transport steel goods using **electric heavy commercial vehicles**. - Also secured a **₹499.88 crore, three-year GEM contract** with **GAIL** for polymer transport in Eastern India. - In FY24–25, added **over 100 new commercial EVs** to its fleet. - Aligned with national sustainability goals and green mobility initiatives. #### **5. Strategic Investment in EV Ecosystem** - Acquired a **10.81% stake** in **SG Logistic Management Pvt Ltd (SGMPL)**, India’s largest heavy EV operator. - Promoter-backed by **APL Apollo Tubes Ltd.** group. - Investment part of a planned ₹20 crore capex, with ₹5 crore invested in FY23–24. - Benefits: - Access to large-scale **EV trucking infrastructure** without high upfront capital costs. - Lower operating costs due to cheaper electricity vs. diesel. - Guaranteed business inflow from APL Apollo group companies. - Positions NECC at the forefront of **sustainable logistics innovation**. --- ### **Client Base & Industry Presence** - **Diverse and prestigious client portfolio** across multiple sectors: - **Steel & Metals:** Tata Steel, Hindalco, Jindal Stainless - **Energy & Infrastructure:** GAIL, Patel Engineering, HCC, NCC - **Pharma & FMCG:** Cipla, Mankind Pharma, Intas Pharma, Tata Consumer Products - **Automotive & Engineering:** TVS, Otis Elevators, Uno Minda, Avantor - **Telecom & Industrial:** HFCL Ltd., Duraline Industries - In **FY25**, ~**41% of revenue** came from top 10 customers — showing **moderate client concentration**, down from 47% in FY20. - Long-term client relationships (>10 years) with major accounts ensure **revenue visibility and stability**. --- ### **Operational Strengths** - **Pan-India footprint** with operational presence in challenging terrains of North and Northeast India. - Fleet includes **150+ multi-axle, GPS-enabled container trucks** designed for rugged terrain. - Strong vendor ecosystem developed over decades for flexible, outsourced logistics. - Management driven by experienced promoters with **40+ years of industry experience**. - Leadership by **Mr. Sunil Jain** (MD) and **Mr. Utkarsh Jain**, representing second- and third-generation stewardship. --- ### **Competitive Position** - Faces competition from domestic and multinational logistics players but maintains **strong brand equity** and **deep sectoral expertise**. - Competitive advantages include: - Regional dominance in Northeast India. - Integrated logistics model. - Early mover in **electric freight**. - High-margin ODC and bulk divisions with limited competition.