I P Laul, Managing Director, LTC Logistics Pvt. Ltd. highlights the salient features of his company
• Fleet size: Owned – 320 vehicles. Hired – 120 vehicles. Comprising open platforms, high cube containers and 2W scooter body.
• No. of drivers: 330
• Total employee strength: 120 comprising staff and commercial.
• Major target segments: The company operates in six verticals of transportation: farm equipment sector (tractors, harvester combines and allied), construction equipment (backhoe loaders, cranes, heavy line machines), two-wheeler segment (bikes, scooters and electric vehicles), e-commerce (warehouse to warehouse), stockyard management and ODC segment.
• Changes that have transformed Indian logistics / road transport sector over the last decade: Improved roads and infrastructure and GST.
• Top two challenges and ways to address them: High cost of fuel and toll taxes, RTO culture to extract money and non-recognition as industry, hence open to exploitation at all levels.
• Company’s success secrets: Adapting to changes in business model as per the prevailing economic environment and employee recognition through appreciating and honouring their integrity and loyalty. Considering drivers as ‘sarthi’ and getting involved with their families during both moments of happiness and grief.
• FY22 company turnover: Rs. 89 crores (unaudited figures).
• Target for FY23: Rs. 97 crore, though projection may vary according to the business and economic environment.
