Blue Dart Express Limited is engaged in the transportation and door-to-door distribution of time-sensitive shipments through an integrated ground and air transportation network. It is known as one of South Asia's leading courier and integrated air express package distribution companies. The company was incorporated as Blue Dart Courier Services in 1983. It became the first carrier in India to provide domestic and international on-board couriers in 1984_x000D_ _x000D_ In 1991, the company was registered as Blue Dart Express Private Limited and introduced its economical logistics service option, Dart Surfaceline. The year 1994 saw numerous fruitful events for the company, which included a listing of the company’s shares on stock exchanges after an IPO of worth ₹382.5 million._x000D_ _x000D_ During the same year, the company launched Dart Apex (Domestic Air Package Express), a multi-modal, premium package delivery service and Cosmat-IITM. This advanced system includes track and trace. In addition, it became the first private company to receive government permission to operate cargo aircraft in India._x000D_ _x000D_ In 2000, the company revamped its website to support e-trade and commerce and facilitate better customer interface on the net. It acquired its 4th Boeing 737 freighter in 2003. During the same year, the company established 12 of its own offices in the South, added an additional 198 locations to its delivery network, expanded its hub at Bhiwandi and set up a bonded warehouse in Mumbai._x000D_ _x000D_ In 2005, DHL Express (Singapore) Pte. Ltd. acquired 81.03% of the equity capital of Blue Dart Express Limited. Since then, Blue Dart continued to operate as an independent brand, providing a complete spectrum of domestic and international express services through synergies with DHL. In 2010, the company reached a new benchmark in quality service with an ISO 9001-2015 standards certification. In 2015, the company acquired a 21% stake in Blue Dart Aviation and launched India's 1st Parcel Locker in Gurgaon._x000D_ _x000D_ The company operated its fleet of B757-200 freighters to Guangzhou, Shanghai, Myanmar, Hong Kong and Bangladesh to provide medical and related supplies in 2020. In 2021, it supported the Government in the delivery of Vaccines against COVID-19._x000D_

Subsidiaries

_x000D_ As of March 31, 2023, the company had the following subsidiaries:_x000D_

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• Concorde Air Logistics Ltd: It is a wholly owned subsidiary engaged in the transport, storage, and communications business.
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• Blue Dart Aviation Ltd: It is a wholly-owned subsidiary incorporated in May 1994. It is a cargo airline based in Chennai, which serves 7 Indian metro cities with its main base at Chennai International Airport.
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Business Segments

_x000D_ The company operates only one business segment i.e. integrated air and ground transportation and distribution. It provides services all kinds of air and ground courier services. The company provides numerous technology-based business offerings, which include MobileDart, InternetDart, Shop Track, Pack Track, ShipDart, ImageDart, etc._x000D_

Key Personnel

_x000D_ Balfour Manuel, Managing Director & Chief Executive Officer_x000D_ _x000D_ Balfour Manuel has been Managing Director of the company since May 16, 2019. He has been instrumental in the success of Blue Dart from the very beginning of the company's inception. Before joining as Managing Director and Chief Executive Officer of the company, he was a long-time employee of the company._x000D_ _x000D_ Corporate Action_x000D_ _x000D_ The company has no history of bonus issues, stock splits, or other corporate actions.