Stock Report

Tiger Logistics India Ltd Launches FreightJar - Gathering Positive Response

Posted On : 2023-06-30 15:36:57( TIMEZONE : IST )

Tiger Logistics (India) Limited, a leading third-party logistics company with expertise in international cargo and project logistics, has launched its digital product "FreightJar". Since its introduction, the digital platform has generated significant growth and remarkable results.

Some of the major highlights since its launch are:

1. Freightjar has experienced an overwhelming response with 185 signups on the platform within a short span of two months of its soft launch. This figure shows the industry's keen interest in our digital product.

2. Out of these signups, 83% of clients are primarily from North India which point out the platform's growing popularity and effectiveness in this region.

3. Further, 17% of the registrations are from freight forwarders highlighting the digital platform's diverse appeal across various logistics stakeholders.

4. One of the key highlights of our digital portal is its capability to provide instant quotes from 15 origin ports/ICDs in India to 170 destination ports, covering a vast network facilitated by all major shipping lines which provides wide range of shipping options and efficient decisionmaking to the customer.

5. Since the launch of Freightjar, it has received more than 180 inquiries for varied products from various customers, which shows the interest in the capabilities of digital platform.

6. Further, we are delighted to announce the sales of INR 50 Lakhs within the 2 months of soft launch, a promising achievement that emphasizes the platform's success and its potential to grow multifold in the future.

The management of the company is delighted with the response Freightjar is garnering in the logistics industry and is hopeful that the above-mentioned numbers will grow positively in the future. The management will remain committed to continually enhancing Freightjar's features and delivering great value to our clients.

Shares of Tiger Logistics (India) Ltd was last trading in BSE at Rs. 353.20 as compared to the previous close of Rs. 353.60. The total number of shares traded during the day was 7069 in over 101 trades.

The stock hit an intraday high of Rs. 357.00 and intraday low of 352.00. The net turnover during the day was Rs. 2499650.00.