After posting 7.4 per cent growth in FY26 to close the year with revenue of ₹2,655 crore, against ₹2,472 crore in FY25, according to the latest FY26 numbers recently reported by the company, integrated express logistics provider DTDC has set its sights on nearly doubling its revenue by FY30.
The privately held logistics major plans to maintain double-digit growth through FY30, backed by investments in processing capacity, automation, cross-border logistics and e-commerce. DTDC spent ₹100-150 crore on capital expenditure in both FY25 and FY26.
“Now it’s the time for us to be bold,” Abhishek Chakraborty, Chief Executive Officer of DTDC Express, told businessline. “We’re going to expand. Those new things are going to require us to take more bets.”
The expansion is being built on a business that Chakraborty said has consistently generated a return on capital employed of more than 30-35 percent. DTDC has not undertaken a primary capital raise during its 36-year history, funding expansion from internal cash flows, while delivering profits and dividends, he said.
That could change as DTDC scales.
“The need to put in more capital to drive more growth is very clear,” Chakraborty said, adding that DTDC would be open to exploring opportunities, including the public markets, when the timing and growth story are right.
Its franchise-led model remains central to that expansion. DTDC has more than 16,500 channel partners and physically reaches about 96 per cent of India’s population, allowing it to concentrate its own capital on hubs, transportation, automated processing and technology.
A major addition came with Bharat One, DTDC’s 1.5-lakh-square-foot integrated hub at Rathiwas in Haryana, with a peak processing capacity of up to 2,500 tonne a day. Chakraborty described the hub as only a “short trailer” of the infrastructure and automation DTDC plans as volumes increase.
Cross-border push
International operations account for about 21 per cent of revenue and have grown around 13-14 per cent annually over the past two to three years. DTDC expects India’s expanding cross-border trade and free-trade agreements to open further opportunities for Indian MSMEs and direct-to-consumer brands.
E-commerce, which Chakraborty described as DTDC’s fastest-growing division, is another leg of the expansion. Its Raftaar rapid-fulfillment business has built 75 dark stores integrated into DTDC’s existing network, offering two-hour, four-hour and guaranteed next-day deliveries without creating a standalone delivery network.
Digital infrastructure is being scaled alongside the physical network. DTDC’s eDOT self-onboarding platform has crossed 40,000 registrations and onboarded more than 9,000 businesses across about 2,200 PIN codes, while multilingual AI assistant DIVA has crossed 150,000 monthly interactions.
DTDC handles about 190 million transactions annually, and Chakraborty expects automation and artificial intelligence to significantly lower its cost structure over the next three to five years, allowing volumes to expand without manpower rising proportionately.
The combination of higher network utilization, international expansion, rapid fulfilment and automation is expected to underpin DTDC’s double-digit growth through FY30.
“Five years out, you will see a very transformed” DTDC, Chakraborty said, describing the ambition as a shift “from express to exponential.”
Published on September 27, 2026
