LIFE
Subhasish Chakraborty’s journey from a middle-class upbringing in Kolkata to the helm of a Rs 2,000 crore enterprise is a testament to grit, determination, and entrepreneurial spirit. Born into an ordinary family, Subhasish pursued his education in chemistry at Ramakrishna Mission Residential College, Kolkata. During his college years, Subhasish embarked on a career with Peerless, a prominent insurance company. His dedication and diligence led to an assignment in Bangalore in 1981, tasked with expanding the company’s insurance operations. In 1987, Subhasish took a bold step and ventured into the chemical distribution business. Despite his efforts, the venture faced setbacks primarily due to postal service inefficiencies. It was during this turbulent period that Subhasish identified a significant gap in the courier services sector. On July 26, 1990, Subhasish founded DTDC (Desk to Desk Courier & Cargo), leveraging his insights into the burgeoning demand for reliable courier services. Starting with a meager investment of Rs 20,000, his fledgling enterprise encountered numerous challenges. Banks were reluctant to extend loans, citing the lack of venture capital. Undeterred, Subhasish resorted to selling his mother’s jewellery to sustain his entrepreneurial dream. In 1991, Subhasish introduced a game-changing concept: the franchise model. This innovative approach proved transformative, facilitating rapid expansion and scalability for DTDC. The company quickly gained traction, catering not only to retail customers but also securing partnerships with corporate giants like Wipro, Infosys , and Tata Group. Over the years, DTDC evolved into a formidable player in the logistics industry . It now boasts a robust network covering 14,000 PIN codes across India and serves 220 global destinations. By 2006, the company had established 3,700 franchises, achieving an annual turnover of Rs 125 crore. In 2006, DTDC attracted significant investment of Rs 70 crore from Reliance Capital, catapulting its valuation to Rs 180 crore. By 2010, DTDC’s revenues soared to Rs 450 crore, underscoring its relentless growth and market leadership. In a strategic move in 2013, DTDC acquired a 70% stake in Nikkos Logistics and launched DotZot, India’s pioneering delivery network tailored for e-commerce enterprises. This initiative further solidified DTDC’s position as an innovator and market disruptor in logistics solutions. Get live Share Market updates, Stock Market Quotes , and the latest India News … Read More and business news on Financial Express. Download the Financial Express App for the latest finance news. None
What’s New
Spotlight
Advertisement
Featured News
Latest From This Week
Popular News
