Allcargo Logistics

The company, founded by Shashi Kiran Shetty, commenced operations in 1994 as a cargo handling operator at Jawaharlal Nehru Port, Mumbai. Initially, the company started as a customs house agent and provided freight forwarding services.In 1995, ECU-Line, an Antwerp-based logistics firm, appointed Allcargo as their India agent. In 2003, the company started its first Container Freight Station at JNPT. In 2007, it started two new CFSs at Chennai and Mundra , and one in Kolkata , in 2017.

In 2018, Allcargo Logistics decided to monetize its existing land banks and expand into logistics and industrial parks to provide warehousing services under the name Allcargo Logistics Industrial Parks Private Limited.As of 2020, Allcargo is one of the largest non-vessel operating common carrier, with a focus on Less-than-container load business and domestic interests in container freight stations, international supply chain, express distribution, and contract logistics.

Mergers and acquisitions

In 2006, Allcargo acquired Antwerp-based ECU-Line, an ocean freight services provider, whose agent it was in India. In the same year, private equity firm New Vernon Capital Fund acquired 6.42% stake in Allcargo. In 2008, Blackstone GPV Capital Partners picked up a 6% stake in the company, which was later increased to 14.99% in by converting warrants worth US$23 million.In 2013, Allcargo Logistics acquired US-based Econocaribe Consolidators and a controlling stake in Netherlands-based logistics company FCL Marine Rotterdam through its wholly-owned arm Ecuhold NV.In 2016, ECU-Line, Econocaribe and other international acquisitions were rebranded into ECU Worldwide.In 2020, it acquired controlling stake in Hyderabad-based Gati Ltd.In July 2021, Allcargo acquired 65% stake in Swedish logistics major Nordicon for $29 million.