TCI XPS

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.

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

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

• Express logistics services
• Multi-modal delivery
• E-commerce fulfillment
• Cold chain logistics
• Freight forwarding

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. E-commerce Fulfillment: B2B e-commerce fulfillment services including vendor-to-warehouse, warehouse-to-customer, intra-city distribution, COD collection, and packaging material distribution.
3. Cold Chain Express: Specialized cold chain logistics for temperature-sensitive cargo including pharmaceuticals and perishable goods.
4. 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

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core 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

Named customers2 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• TCI Global (Singapore)coreStrategic or Co-development Partner · 27 January 2026TCI 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

Broad 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

• Xx.com/TCIExpressLtd
• Facebookfacebook.com/TCIExpressLtd
• LinkedInlinkedin.com/company/tciexpressltd

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TCI XPS