TCI XPS
TCI XPS (TCI Express), founded in 1996 and part of Transport Corporation of India, operates India's largest multi-modal express delivery network spanning surface, air, rail and e-commerce across 60,000+ locations, serving B2B and B2C customers in automobiles, pharma, retail, e-commerce and telecom.
- Company typePublic
- Founded2025
- HeadquartersGurugram, India
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What TCI XPS does
TCI Express Limited (dba TCI XPS / TCIEXPRESS) is the express delivery arm of Transport Corporation of India Limited (TCIL), one of India's largest integrated logistics groups. Founded in 1996 and headquartered in Gurugram, the company operates India's largest multi-modal express distribution network, running Surface Express, Domestic Air Express, International Air Express, Rail Express, E-Commerce Express, C2C Express (Full Truckload), Cold Chain Express, and MBG (Money Back Guarantee) Express. The platform is built on 28 sorting stations, 73+ air gateways, 5,000+ express vehicles, and coverage across 60,000+ locations in 766 districts of India, with international reach to 200+ countries.
TCI Express generates revenue almost entirely on a per-shipment / transaction-fee basis — quote-based pricing tied to service type, weight, dimensions and transit time. Its technology layer combines real-time GPS-enabled fleet tracking, an API for enterprise system integration, automated MIS, electronic billing, and electronic proof-of-delivery, with self-serve booking available through the website and iOS/Android mobile applications. Sales is B2B-led by vertical-aligned account teams covering automobiles, pharmaceuticals, retail, e-commerce and telecom; high-value and time-sensitive B2C fulfillment (including COD) is supported through the same network.
Financially, the company reported FY26 revenue of Rs 919.3 crore (only ~1.2% YoY) after eight consecutive quarters of volume decline, with Q3 FY26 marking an inflection: volumes grew 5.4% YoY to 255,000 MT and net profit rose 14.80% YoY to Rs 22.03 crore. Management is executing a Rs 400 crore five-year capex plan to automate sorting centres and add 60-80 branches, has guided FY27 to 15% volume and 20%+ net profit growth, and closed the TCI Global (Singapore) acquisition in January 2026 to seed an international footprint.
TCI XPS firmographics
Firmographics- Name
- TCI XPS
- Legal name
- TCI Express Limited
- Website
- https://tciexpress.in
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- TCI XPS (TCI Express), founded in 1996 and part of Transport Corporation of India, operates India's largest multi-modal express delivery network spanning surface, air, rail and e-commerce across 60,000+ locations, serving B2B and B2C customers in automobiles, pharma, retail, e-commerce and telecom.
- Ownership category
- akta.pro rank
TCI XPS industry classification
Industry- Product category
- Express Logistics Services
- NAICS
- Couriers and Express Delivery Services (492110), Couriers and Express Delivery Services (4921), Couriers and Express Delivery Services (49211), Freight Transportation Arrangement (488510), Local Messengers and Local Delivery (4922)
- SIC
- Air Courier Services (4513), Trucking & Courier Services (No Air) (4210), Arrangement Of Transportation Of Freight & Cargo (4731)
- akta.pro primary industry
- Integrated Express Parcel Carriers (Air + Ground) (THABAEAB)
- akta.pro secondary industries
- Integrated Air Express Carriers (Air + Ground) (TLADAAAC), International Express (Time-Definite Cross-Border) (TLAAABAB), Special Handling Express (High-Value, Secure, Temperature-Controlled) (TLAAABAH)
Keywords
Where TCI XPS is headquartered
LocationHeadquarters
- HQ city
- Gurugram
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
TCI XPS business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Express Delivery Services: Core revenue from multi-modal express delivery services including Surface Express, Domestic Air Express, International Air Express, and Rail Express, serving both B2B and B2C customers across India and globally to 200+ countries.
- E-commerce Fulfillment: B2B e-commerce fulfillment services including vendor-to-warehouse, warehouse-to-customer, intra-city distribution, COD collection, and packaging material distribution.
- Cold Chain Express: Specialized cold chain logistics for temperature-sensitive cargo including pharmaceuticals and perishable goods.
- C2C Express (FTL): Full truckload services with single and milk-run options, vehicle placement within 12 hours, serving high-value cargo movement across India.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Custom pricing based on service type, weight, and transit time |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
TCI XPS product offering
Product offeringCore offering
TCI XPS (TCI Express Limited) is India's largest and fastest express delivery company, providing multi-modal time-sensitive logistics services across surface, air, rail, and international channels. The company offers end-to-end express distribution including Surface Express, Domestic Air Express, International Air Express, Rail Express, E-Commerce Express, C2C Full Truckload, Cold Chain Express, and a Money Back Guarantee (MBG) service, supported by real-time tracking, API integration, COD collection, and 60,000+ location coverage across India and 200+ countries.
Product overview
TCI Express is India's Largest and Fastest Express Delivery Company offering a multi-modal express logistics platform. The core offering comprises Surface Express (primary service), Domestic Air Express, International Air Express, Rail Express, E-Commerce Express, C2C Express (Full Truckload), Cold Chain Express, and MBG Express (Money Back Guarantee). The company operates through 28 sorting stations, 73+ air gateways, 5000+ express support vehicles, serving 60000+ locations across 766 districts in India. The platform enables end-to-end shipment tracking, real-time GPS monitoring, COD collection, and multi-modal transportation solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Surface Express: Express solutions with over 60000+ locations with fully containerized fleet of vehicles, offering customized value added services
- Domestic Air Express
- International Air Express
- Rail Express
- E-Commerce Express
- C2C Express
- Cold Chain Express
- MBG Express (Money Back Guarantee)
Products and services
- Surface Express Primary surface transport express service covering 60,000+ locations across India with fully containerized fleet, offering API integration, multi-location pickup/delivery, real-time GPS tracking, day-definite delivery, and customized value-added services for B2B and B2C shippers.
- Domestic Air Express Round-the-clock time-sensitive air express deliveries reaching all major metros in 24 hours and mini metros/A-class cities in 48 hours, with door-to-door and multi-modal options across India.
- International Air Express International express services from all major Indian airports to 200+ countries globally, including free 7-day storage, AD Code registration, fumigation, and GSP certificate services.
- Rail Express Cost-effective rail cargo service with fastest turnaround compared to air, offering door-to-door or station-to-station options, bulk shipment handling, and multi-modal service.
- E-Commerce Express B2B multi-model distribution for e-commerce with COD collection, vendor-to-warehouse and warehouse-to-customer delivery, fulfillment center to last mile, Sunday/holiday deliveries, and real-time tracking API.
- C2C Express (Full Truckload) Full Truckload (FTL) service with single and milk-run options, vehicle placement within 12 hours of order confirmation, GPS-enabled tracking, and containerized vehicles (32 ft. and 24 ft.) for high-value cargo movement across India.
- Cold Chain Express Temperature-controlled logistics service for perishable goods including pharmaceuticals and food products requiring specific storage conditions.
- MBG Express (Money Back Guarantee) Express service guarantee offering money-back if delivery commitments are not met, providing risk mitigation for time-sensitive shipments.
Quantifiable outcome
- First volume growth after eight consecutive quarters of decline, with Q3 FY26 volumes at 255,000 MT (up 5.4% YoY)
- +2 more outcomes
Companies that use TCI XPS
Customer profileNamed customers2 records
Segments6 records
Ideal customer profiles6 records
TCI XPS technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
TCI XPS partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TCI Global (Singapore)coreTCI Express, through its wholly owned subsidiary TCI Express Pte. Ltd., acquired 100% equity shares of TCI Global (Singapore) from TCI Holdings Asia Pacific, a step-down subsidiary of Transport Corporation of India. TCI Global (Singapore), incorporated in 2006, is engaged in transport, logistics, and related services. The acquired company had not recorded any turnover during the last three financial years.
Scale indicators12 records
Recent moves5 records
Expansion highlights5 records
TCI XPS competitors and assessment
Company assessmentBroad incumbents
- DHL Express: World's largest international express carrier and parent of Blue Dart; competes with TCI Express in cross-border air express and high-value time-definite shipments, especially for enterprise customers in India.
- Allcargo Gati (now Gati-KWE): Pan-India express distribution and supply-chain company acquired by Allcargo; overlaps with TCI Express in surface express, e-commerce, and freight forwarding across multiple verticals.
- FedEx: Global integrated express carrier with significant operations in India through its own network and the FedEx Express subsidiary; competes in international express and high-end domestic air segments served by TCI Express.
Direct peers
- DTDC Express: India's largest domestic parcel and courier network by reach, with strong franchise-driven coverage; directly comparable to TCI Express in B2B express, e-commerce, and international cross-border services.
- Shadowfax Technologies: Indian last-mile and middle-mile delivery network focused on e-commerce, quick-commerce, and hyperlocal segments; overlaps with TCI Express in urban distribution and e-commerce fulfillment.
- Xpressbees: Tech-enabled express logistics and e-commerce delivery company in India; offers 3PL and last-mile services comparable to TCI Express's e-commerce and surface express offerings.
- Ecom Express: Specialist e-commerce logistics provider serving leading Indian e-commerce platforms; competes with TCI Express's E-Commerce Express and surface express lines for B2B fulfillment contracts.
- Delhivery: India's largest pure-play logistics and supply-chain company, offering express parcel, freight, and end-to-end e-commerce fulfillment with strong technology and capital backing — directly competing with TCI Express in surface, air, and e-commerce verticals.
- Blue Dart Express: India's leading air-express integrator and a DHL-owned subsidiary, offering domestic and international time-definite delivery; competes head-to-head with TCI Express in domestic air, international air, and surface express segments.
Regional players
- Professional Couriers: Established Indian courier and express delivery company with strong South India presence; competes with TCI Express in domestic courier, document, and small-parcel express services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TCI XPS social profiles
Digital presenceTCI XPS compliance and trust
Trust signalCompliance6 records
TCI XPS financial estimates
Financial estimateRevenue estimate
Valuation estimate
TCI XPS leadership team
Management profileNumber of profiles
Profiles3 records
TCI XPS subsidiaries and ownership
Company hierarchySubsidiaries1 record
TCI XPS funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TCI XPS M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TCI XPS
What does TCI XPS do?
TCI XPS (TCI Express Limited) is India's largest and fastest express delivery company, providing multi-modal time-sensitive logistics services across surface, air, rail, and international channels. The company offers end-to-end express distribution including Surface Express, Domestic Air Express, International Air Express, Rail Express, E-Commerce Express, C2C Full Truckload, Cold Chain Express, and a Money Back Guarantee (MBG) service, supported by real-time tracking, API integration, COD collection, and 60,000+ location coverage across India and 200+ countries.
Is TCI XPS a public or private company?
TCI XPS is a public company. It is classified as public and is currently operating.
When was TCI XPS founded?
TCI XPS was founded in 2025. It employs 1,001 to 5,000 people.
Where is TCI XPS based?
TCI XPS is headquartered in Gurugram, India, in the Asia region.
How does TCI XPS make money?
Four revenue lines are on record. Express Delivery Services are the primary driver. The others are E-commerce Fulfillment, cold Chain Express and C2C Express (FTL).
Who are TCI XPS's main competitors?
Broad incumbents on record are DHL Express, Allcargo Gati (now Gati-KWE) and FedEx. Direct peers are DTDC Express, Shadowfax Technologies, Xpressbees, Ecom Express, Delhivery and Blue Dart Express. Professional Couriers is listed as a regional player.
Does TCI XPS have an API?
Yes. API facility available to customers for customized solutions, primarily mentioned for Surface Express service enabling integration with customer systems.
What industry is TCI XPS in?
TCI XPS's product category is Express Logistics Services. Its primary akta.pro industry code is THABAEAB, Integrated Express Parcel Carriers (Air + Ground), with a secondary code of TLADAAAC, Integrated Air Express Carriers (Air + Ground). Its NAICS code is 492110 and its SIC code is 4513.