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Delivery through Delhivery

Delhivery, one of India’s largest logistics and supply chain services companies, provides end-to-end solutions to businesses and e-commerce companies by combining technology, logistics infrastructure, and partnerships. They specialize in e-commerce logistics, leverage technology extensively, collaborate with a partner ecosystem, have scalable infrastructure, offer value-added services, and employ flexible pricing models to meet the needs of the e-commerce industry in India.

Domestic road transportation represents freight movement through the national and state highway road network and in-city delivery within India. It has majorly three segments/services:

  1. Express Parcel weighing less than 40 kg and turnaround  time of typically less than three days
  2. Part truckload (PTL) service with a total shipment weight of 40-1,000 kg which is insufficient to fill a full truck.  Therefore, the volume of  multiple shippers is clubbed together.
  3. Truckload (TL) service where the shipper requires a dedicated truck or trailer.

Company’s Revenue by Service lines (Rs. In million)

Express parcel services50,765.8762.35%
Part truckload services15174.0518.64%
Truckload Services6,087.967.48%
Supply Chain Services7,760.299.53%
Cross-border Services1,525.311.87%
Others101.900.13%
Total81,415.38100%

Growth Drivers for the company:

  • The burgeoning e-commerce/quick commerce sector is poised for substantial growth in the near future.
  • With the increasing number of manufacturing companies entering the market, there will be a surge in opportunities for innovative logistics solutions to cater to the escalating demand.
  • One notable trend is the heightened emphasis on last-mile delivery, where companies are striving to enhance their efficiency in reaching the final destination swiftly and seamlessly.
  • Its Substantial investments in cutting-edge technology have revolutionized the operational landscape, enabling companies to streamline their processes and provide customers with superior tracking and delivery options.
  • This strategic utilization of technology has not only bolstered operational efficiency but also led to cost reductions, marking a significant milestone in the company’s growth trajectory.
  • Moreover, strategic collaborations with key players in the e-commerce and logistics realms have been instrumental in expanding the company’s market reach and diversifying its service offerings.
  • It continues to be a cash rich company leveraging its strength to operate efficiently on asset light model and economies of scale. Evidently, as of the end of FY24, Company had cash of ₹54,438.67 million, which included cash and cash equivalents, bank balances, investments, margin money deposits.
  • Delhivery continues to invest in automated tech based solutions with a long term vision to improve the overall transportation system.  
  • Company has turned EBITDA positive this year due to robust growth in revenues from express parcel, PTL and TL services, better network utilisation, improvement in profitability of supply chain services and the continuous cost optimisation measures adopted throughout the year.

While the Indian logistics sector remains fragmented and disorganized, there exists abundant potential for entities such as Delhivery, the nation’s largest fully integrated logistics services provider.

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Is Jindal Stainless a durable product for long-term investment like its own stainless steel?

We are all familiar with the reasons behind the widespread popularity of stainless steel, predominantly due to its exceptional durability and effortless upkeep.

Lets analyze if India’s premier stainless steel manufacturing company, Jindal Stainless ltd., is as sustainable and as enduring an entity as its own products;

Above is a snippet from JSL’s annual report

  1. JSL is one of the very few companies with a Diverse Product Range catering to a wide array of industries such as automotive, railways, transportation, infrastructure, consumer durable, banks, and more.
  2. Due to its wide portfolio range, it benefits from government initiatives in various sectors it caters to.
  3. In the 2024 budget, Indian Government announced that it would exempt customs duty on 25 critical minerals including nickel, copper, cobalt, silicon, and molybdenum, which are among its primary raw materials.
  4. Company imports around 35%-40% of its raw material, primarily comprising stainless steel scrap and nickel. However, it procures 90% of its inputs from recycled scrap.
  5. Co.’s Strategic collaborations in Indonesia to invest in Nickel Pig Iron (a major raw material), developing as well as operating stainless steel melt shop made it the first ever Indian Company to do so.
  6. Its recent association with  JBM Auto Ltd, India’s leading electric bus manufacturer, to produce over 500 energy-efficient and lightweight stainless steel electric buses , promoting sustainable transportation solutions.
  7. Company predominantly serves the domestic market, thus mitigating direct exposure to the current geopolitical tensions.
  8. India’s stainless steel consumption has shown a compound annual growth rate (CAGR) of approximately 7–7.5%, indicating a steady and significant increase in the demand for stainless steel in the coming years.

FY 24 financial highlight:

Sales Volume (tonnes)Net Revenue (INR crore)EBITDA (INR crore)PAT (INR crore)
21,74,61038,3564,0362,531
23% increase9% increase13% YoY growth26% YoY growth

Seems like there is a considerable journey ahead for the company, and one has the opportunity to ride along with it…

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Keeping The World in Motion: Amara Raja

Batteries are crucial for industries in India to power equipment and machinery, from small devices to large machinery, providing backup power during outages and preventing downtime. They are also used in renewable energy systems like solar power plants to store energy.

Amara Raja Energy & Mobility Limited (ARE&M), the flagship company of Amara Raja Group, is the technology leader and one of the largest manufacturers of lead acid batteries for industrial and automotive applications in India’s storage battery industry;

Industrial Batteries

Automotive Batteries

Li-ion Batteries

Despite concerns over economic conditions, the battery market size is expected to reach USD 15.65 billion by 2029, growing at a CAGR of 16.80% during the forecast period (2024-2029)

Government initiatives, including the ₹ 20 lakh crore special economic package, are geared towards strengthening the automotive manufacturing ecosystem. The Product Linked Incentive scheme, with an outlay of $3.5 billion, offers up to 18% financial incentives to boost advanced automotive technology manufacturing domestically.

Despite facing significant inflationary pressure and a downturn in overall industrial capital expenditure, the company has successfully established its unique presence in both the Domestic and Global Markets.

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Hello! Who is helping to “Connect With Us”??

Digital Communication market in India continues to be one of the largest and fastest growing industry across the globe..

Have you ever taken notice of what contributes to your digitally seamless communication, be it formal or informal?

Well, there are multiple technical support personnel involved to facilitate a seamless, transparent, and secure communication process.

Lets talk about an important one….

CPaaS service providers have a high market potential due to the increasing demand for cloud communication solutions

CPaaS (Communications Platform as a Service) service providers play a crucial role in today’s digital communication landscape. These companies offer cloud-based platforms that enable businesses to easily integrate real-time communication features into their applications, websites, and services.

– Security: CPaaS service providers prioritize data security and compliance, ensuring that sensitive information shared through their platforms is protected from unauthorized access.

– Global Reach: These providers offer international connectivity, allowing businesses to reach customers and partners across the globe with seamless communication solutions.

–Also, CPaaS service providers offer API support for integrating communication services like messaging, voice, and video into software applications. CPaaS providers provide robust API support for seamless integration and customization.

And yes, here our favourite one is Tanla Platforms, but why??

Jotting down the company’s quality products:

Wisely ATP is Protecting 1Bn+ Customers from Scams

Trubloq is Raising the Bar on Spam Prevention by Integrating Gen AI

Tanla has partnered with Google’s Rich Communication Services (RCS), India’s premier business messaging channel, to cater more than 330 mn customers in India

Company will continue to focus on two synergistic businesses: Digital Platforms and Enterprise Communications.

With around Rs.4000 crores revenue and 19% EBITDA margin, company is poised for more than 20% growth in the coming year.

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Hidden contributors to the advancement of India’s Electric Vehicle (EV) Ecosystem.

The Indian electric vehicle industry is expected to grow significantly, reaching a market size of USD 8 billion by 2027 with a CAGR of 43% between 2022 and 2027. Two-wheelers are the dominant segment, followed by three-wheelers and cars. Major players like Tata Motors, Ola Electric, Bajaj Auto, and Hyundai are investing in the market. The government’s FAME II scheme provides incentives for electric vehicle adoption, promising a bright future for the industry in India.

Materials like lithium-ion batteries, electric motors, power electronics, carbon fiber, and aluminum are essential for developing efficient electric vehicle technologies. Semiconductor materials like silicon and gallium nitride are used in electronic control units for managing systems in electric vehicles. Large Companies like Tata Elxsi, Mahindra Electric, Ather Energy, and TVS Motor Company are working on advanced technologies to enhance driving experience and promote sustainable mobility in India.

However, there are some mid/small sized companies also that are indirectly involved in the process. A major intermediary being the developer of technologies for connected car and automotive electronics.

Yes, they provide advanced automated solutions for all types of vehicles.

  • There is a growing need for automated solutions for electric vehicles (EVs) due to several factors.
  • Automated technologies can enhance the performance and efficiency of EVs, ensuring optimal battery management, range optimization, and overall driving experience.
  • Automation can improve safety features in EVs, such as collision avoidance systems and autonomous emergency braking, making them more secure on the road.
  • Automated solutions can enable smart charging infrastructure, remote diagnostics, and predictive maintenance for EVs, enhancing the user experience and convenience for EV owners.
  • Overall, automated solutions play a crucial role in advancing the capabilities and usability of EVs in the rapidly evolving automotive industry.

The race has just begun for the developers and there are miles to go……

Our favourite developer is Danlaw Technologies India Ltd., who is yours…???

One should always consider a professional wealth manager for expertise in financial decisions. They provide personalized advice and help navigate financial markets. Wealth managers assist in creating a financial plan for long-term security and success.

Visit out website https://wealthcraftconsultants.com/ for more updates.

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Invest in the Narrative of Consumerism in India

Hey, Don’t you see most people around you of every strata spending on lifestyle, technology, etc ??

We all know the answer here….

Holistically, it’s a win win for everyone in the economy. However, the growth path has recently begun.

The narrative of consumption in India is undergoing a transformation due to factors such as urbanization, the burgeoning middle class with increased disposable incomes, enhanced access to technology and e-commerce platforms, evolving consumer preferences, and a transition towards a more service-oriented economy.
Consequently, there is a discernible shift in consumer behavior towards more aspirational and lifestyle-oriented purchases.
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This evolution has resulted in a noticeable demand-supply disparity across various sectors including agriculture, energy, electronics, infrastructure, and health-care within the country.
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Nevertheless, concerted efforts are being exerted to bridge this disparity through the implementation of diverse policies and initiatives. Capital Infusion is relatively getting easier and so is the ease of doing business..
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Investing in the consumption narrative can be a lucrative opportunity as these sectors are directly linked to the purchasing power of individuals. This presents a promising investment opportunity as companies in these sectors stand to benefit from the expanding consumer base. Additionally, consumer sectors are relatively resilient to economic downturns, making them a more stable investment option compared to other sectors.

India set to become a $4 Trillion economy by the end of FY 2024-25.

The registered investor base at NSE has nearly tripled from March 2020 to March 2024 to 9.2 crore as of 31 March 2024, potentially translating into 20 per cent of the Indian households now channelling their household savings into financial markets.

And yes, retail investors like you are contributing to the economy’s growth.

Overall, investing in Indian capital markets can be a strategic and rewarding way for residents to grow their wealth, support the local economy, and diversify their investment portfolio.

However, Seeking guidance from a professional wealth advisor is recommended, as they can offer invaluable insights, expertise, and counsel on financial management strategies tailored to the specific objectives and risk tolerance levels of the investors.
The advisors have access to in-depth market research, economic analysis, and industry knowledge that can help investors make informed investment decisions. They can also help investors navigate the complexities of the Indian market, regulatory frameworks, and tax implications, ensuring compliance and maximizing returns.
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By partnering with WealthCraft, clients can leverage tailored financial solutions and proactive wealth management that are in line with their financial objectives and assist them in attaining their investment aspirations. Our exclusive and tailored financial planning solutions aim at achieving optimal wealth management while effectively navigating the complexities of risks and legal requirements.

Please reach out to us at info@wealthcraftconsultants.com for any inquiries.

Visit https://wealthcraftconsultants.com/ for more updates and blog.

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Decoding IFSC for Indian Investors…

Recently, the honourable finance minister of India has granted permission for Indian Residents to establish dollar accounts in IFSC GIFT CITY, offering a myriad of advantages to Indian Investors seeking to broaden their investment portfolio:  

  • – Access to global markets  
  • – Tax benefits and exemptions  
  • – Regulatory framework conducive to foreign investments  
  • – Efficient mechanisms for dispute resolution  
  • – Availability of top-notch infrastructure  

However, the individual investments are subject to the Liberalised Remittance Scheme (LRS) limit of USD 250,000 per annum per investor.


Investing in international markets can offer Indian investors:

  • Diversification opportunities
    • Access to a broader spectrum of industries and companies
    • Potential for enhanced returns
    • Exposure to various currencies and economic cycles

It can assist investors in:

  • Hedging against domestic economic and political uncertainties
    • Potentially mitigating overall portfolio risk through augmented global exposure

Some of the most favourable and cost-effective international markets for Indian investors include the United States, the United Arab Emirates, Singapore, and the United Kingdom. These countries offer attractive business opportunities, stable political environments, and strong legal systems that can benefit Indian investors looking to expand their presence globally. Additionally, these markets have relatively low barriers to entry and are known for their business-friendly regulations.

Get in touch with us to understand more about the routes of investing abroad.

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Invest In India – What a great time to be an Investor in Indian Markets !!!

In Continuation of our very first blog about Invest in India, i would highlight the numbers reflecting an exponential growth in Indian MF Industry. (Source:AMFI)

🚀 The Indian Mutual fund industry hit an AUM of Rs 60 lakh crore for the first time in June 2024.

🚀 The AUM of the Indian MF Industry has grown from ₹9.75 trillion as on June 30, 2014 to ₹61.16 trillion as on June 30, 2024 more than 6 fold increase in a span of 10 years.

🚀 Equity mutual fund inflows in India hit all time highs of Rs. 40,600cr in June as per the AMFI data

🚀 The contribution of SIPs touched an all-time high of Rs. 21,262 crore in June

Here comes the big question :
Why is the retail community so bullish on Indian Equity markets ?

  1. Economic Growth Potential: India is one of the fastest-growing major economies globally. Retail investors see this growth as a sign of opportunity, expecting that expanding economic activity will lead to higher corporate profits and consequently, stock market gains.
  2. Technological Advancements: Increasing internet penetration and the availability of online trading platforms have made it easier for retail investors to participate in the stock market.
  3. Rise in discretionary income: India has a young and growing population, which is increasingly participating in the workforce and contributing to economic growth. Hence, with the growth in working population, the income level rises.
  4. Government Policies and Reforms: Policy initiatives and reforms by the Indian government aimed at boosting economic growth, such as the introduction of GST (Goods and Services Tax), infrastructure development plans, and initiatives to ease the business environment, boosts investors confidence. A stable government increases the trust in investors.

Though there are more detail points that can be covered citing increase in retail participation in the markets, i have covered the basic ones. What are your thoughts on the same?

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How can a NRI open a demat account? – Step by Step Guide

Here’s a simplified flowchart for opening an NRI Demat account:

  1. Start: Begin the process of opening an NRI Demat account.
  2. Check Eligibility:
    • Determine if you qualify as a Non-Resident Indian (NRI) or a Person of Indian Origin (PIO) as per RBI guidelines.
  3. Choose Depository Participant (DP):
    • Select a DP authorized to open NRI Demat accounts. Research various DPs and compare their services.
  4. Document Verification:
    • Gather necessary documents:
      • Passport copy
      • Overseas address proof (utility bill, bank statement, etc.)
      • PAN card
      • Passport-sized photographs
      • KYC documents as required by the DP
  5. Fill Application Form:
    • Obtain and complete the application form provided by the DP.
  6. Submit Documents:
    • Submit the filled application form along with required documents to the chosen DP.
  7. Verification and Processing:
    • DP verifies the documents and information provided.
  8. NRI Status Confirmation:
    • Confirm NRI status with supporting documents (PIO card, OCI card, etc.).
  9. Approval and Account Creation:
    • Upon successful verification and confirmation, the DP approves the account opening.
  10. Deposit Initial Funds:
    • Transfer the initial funds required for opening the Demat account.
  11. Receive Account Details:
    • DP provides the account details once the account is opened.
  12. Account Activation:
    • Activate the Demat account by linking it with a trading account (if required).

This flowchart provides a structured overview of the steps involved in opening an NRI Demat account. Each step may involve additional sub-steps or considerations depending on the specific requirements of the DP and regulatory guidelines.

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How can a Foreign Resident Invest in India?

A Foreign Portfolio Investor (FPI) interested in investing in India typically follows a structured process to comply with regulatory requirements and operational considerations. Here’s a step-by-step guide on how a FPI can start investing in India:

Understand FPI Categories and Eligibility

India categorizes FPIs into two categories based on their risk profile and investment horizon: Category I and Category II. Each category has different investment limits, registration requirements, and compliance norms. Ensure your FPI falls into an eligible category.

Obtain Necessary Registrations

Obtain SEBI Registration:

FPIs need to register with the Securities and Exchange Board of India (SEBI), the regulatory authority for securities markets in India. The registration process involves submitting the necessary documents, including incorporation details, regulatory approvals from the home country, and a list of directors and key personnel.

    Obtain PAN (Permanent Account Number): FPIs need to obtain a PAN from the Indian tax authorities.

    Open Bank Accounts: Open designated rupee bank accounts with a bank authorized by the Reserve Bank of India (RBI) for FPI investments. These accounts are used for fund transfers, repatriation, and compliance with Foreign Exchange Management Act (FEMA) regulations.

    Open a Custodial as well as a Demat Account: After SEBI registration, open a Custodial Account and a Dematerialized (Demat) account with a registered depository participant in India. This account holds securities in electronic form, facilitating easier trading and settlement.

    Understand Investment Guidelines and Limits

    A. Investment Routes:

    1. Automatic Route: Allows FPIs to invest without prior approval from the RBI, subject to prescribed sectoral caps.
    2. Government Route: Requires prior approval from the RBI or concerned ministry for investments exceeding sectoral caps.

    B. Sectoral Caps:

    Understand sectoral caps and investment limits applicable to your category of FPI. These caps vary across sectors such as banking, insurance, defense, etc.

    Comply with Regulatory Norms

    A. KYC Norms:

    Ensure compliance with Know Your Customer (KYC) norms, Anti Money Laundering (AML) guidelines, and other due diligence requirements prescribed by SEBI and RBI.

    B. Reporting Requirements:

    Regularly report investment details, financial statements, and compliance certifications to SEBI and RBI as per prescribed formats and timelines.

    Execute Investments

    Once all regulatory and compliance requirements are met:

    • Trade on Indian Stock Exchanges: Use the Demat account to trade in equities, derivatives, and other securities listed on Indian stock exchanges.
    • Invest in Debt Instruments: Purchase government securities, corporate bonds, and other debt instruments permissible under FPI guidelines.

    Monitor and Review Investments

    Regularly monitor the performance of investments, comply with repatriation norms, and stay updated with regulatory changes and market developments affecting FPI investments in India.

    Seek Professional Advice

    Engage legal, tax, and financial advisors with expertise in Indian regulations and market practices to ensure ongoing compliance and optimal investment strategies. Take the professional help of Investment Advisors to ensure right selection of Investment Products while taking care of the relevant compliance.

    By following these steps, a Foreign Portfolio Investor can navigate the regulatory landscape and start investing in India’s vibrant financial markets effectively.