Tag Archives: Blue Dart

BLUE DART HONORED WITH PRESTIGIOUS AWARDS AT THE PAYLOAD ASIA AWARDS 2016

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Mumbai, October, 2016 – Blue Dart, South Asia’s premier courier and integrated express package distribution company, has been awarded the Regional Express Provider of the Year Award and the Corporate Social Responsibility Award at the Payload Asia 2016 Awards Ceremony held on 29 September 2016 at the SkyCity Marriott hotel in Hong Kong.

Organised by Payload Asia and supported by Logistics Insight Asia, the annual Awards is a celebration of excellence, spotlighting the air cargo supply chain companies that have excelled in the industry by rising above the very challenging global air freight market. The winners were selected post a very high standard, transparent and legitimate process of elimination with more than 90 nominations. The awards were presented by Mr. Brian Wu, Vice Chairman, Hong Kong Association of Freight Forwarding and Logistics (HAFFA) and received by Anil Khanna, Managing Director, Blue Dart & Ketan Kulkarni, Senior Vice President & Head – Marketing, Corporate Communications & Sustainability, Blue Dart.

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Blue Dart Sales at Rs. 663.22 crores

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Mumbai : October 12, 2016 – Blue Dart Express Limited, South Asia’s premier express air and integrated transportation, distribution and logistics Company, today declared its financial results for the quarter ended September 30, 2016, at its Board Meeting held in Mumbai.

The company posted Rs. 42.80 crores profit after tax for the quarter ended September 30, 2016. Net Sales/Income from operations for the quarter ended September 30, 2016 stood at Rs. 663.22 crores.

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Blue Dart Sales at Rs. 621.37 crores

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– The Company posted Rs. 44.08 crores profit after tax
Mumbai : July 28, 2016

Blue Dart Express Limited, South Asia’s premier express air and integrated transportation, distribution and logistics Company, today declared its financial results for the quarter ended June 30, 2016, at its Board Meeting held in Mumbai.

The company posted Rs. 44.08 crores profit after tax for the quarter ended June 30, 2016. Net Sales/Income from operations for the quarter ended June 30, 2016 stood at Rs. 621.37 crores.

Anil Khanna, Managing Director, Blue Dart said, “Our focus on delivering a positive customer experience and delight is unwavering. Our people and strategy is aligned to cater to India’s express logistics requirements. Despite a restrained macro-economic environment, our commitment to India’s business has been strengthened with our continued investments in technology, aviation and ground infrastructure, focus on core express products/services in air, ground and e-tail”.

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Blue Dart Sales at Rs. 2,553.06 crores

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Mumbai : April 15, 2016

Blue Dart Express Limited, South Asia’s premier express air and integrated transportation & distribution company, declared its financial results for the quarter & year ended March 31, 2016, at the Board Meeting held in Mumbai.

The company posted Rs. 40.49 crores profit after tax for the quarter ended March 31, 2016 and Rs. 189.88 crores for the year ended March 31, 2016. Net Sales/Income from operations for the quarter ended March 31, 2016 stood at Rs. 629.71 crores and Rs. 2,553.06 crores for the year ended March 31, 2016.

Anil Khanna, Managing Director, Blue Dart said, “It has been a tumultuous financial year for the express industry and as a business Blue Dart continues to face insurmountable challenges every day. However, Blue Dart has displayed a modest performance due to our clear focus on cost rationalisation and efficiency to increase EBIT margins even under difficult economic conditions. We have aggressively championed the B2C segment, especially e-tail, without any dilution to the B2B business”.

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Blue Dart Sales at Rs. 652.31 crores

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– The Company posted Rs. 50.05 cr profit after tax
Mumbai, February 10, 2016

Blue Dart Express Limited, South Asia’s premier express air and integrated transportation, distribution and logistics company, today declared its financial results for the quarter ended December 31, 2015, at its Board Meeting held in Mumbai.

The company posted Rs. 50.05 crores profit after tax for the quarter ended December 31, 2015. Net Sales/Income from operations for the quarter ended December 31, 2015 stood at Rs. 652.31 crores.

Anil Khanna, Managing Director, Blue Dart Express Limited said, “The economy has had a fair share of challenges this quarter which has decelerated growth for the express industry. Blue Dart has been able to sustain the growth momentum in its performance and has shown a modest growth in revenues by effectively optimizing costs. Our commitment to deliver excellent service quality, high customer satisfaction and innovative methods to enhance our service offerings in Blue Dart Country has been persistent. We will continue to bring immense value to internal and external stakeholders by incorporating high benchmarks and quality standards in every aspect of business and remain the undisputed leader in the air and ground express industry in Blue Dart country”.

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Blue Dart Sales at Rs. 2,268.45 crores

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Mumbai : May 07, 2015

Blue Dart Express Limited, South Asia’s premier express air and integrated transportation & distribution company, declared its financial results for the quarter & year ended March 31, 2015, at the Board Meeting held in Mumbai.

The company posted Rs. 34.74 crores profit after tax for the quarter ended March 31, 2015 and Rs. 126.84 crores for the year ended March 31, 2015. Net Sales/Income from operations for the quarter ended March 31, 2015 stood at Rs. 570.99 crores and Rs. 2,268.45 crores for the year ended March 31, 2015.

Anil Khanna, Managing Director said, “The macroeconomic situation in the last 2-3 years has not been encouraging to support growth. Despite an adverse external situation and challenges, the company has been able to deliver a reasonable performance, aided by our clear focus on the e-commerce vertical although the core verticals have not shown much traction.”

He adds, “We all have to work as one team to increase revenue, reduce cost and improve efficiency, productivity and service quality. We are a insanely customer centric and highly people focused company. The brand is our most critical asset. The “I love my Blue Dart” campaign will continue throughout the year to enable us to deliver superior brand experience. At the end of the day, we always bet on our people as part of our people first philosophy to make the brand stronger.”

During the year ended March 31, 2015, Blue Dart handled over 1,396.84 lacs domestic shipments, 8.95 lacs international shipments and over 558,537 tonnes of documents and parcels across the nation and 220 countries worldwide.

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Blue Dart Sales at Rs. 1,932.51 crores

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Blue Dart Express Limited, South Asia’s premier express air and integrated transportation & distribution company, today declared its financial results for the year ended March 31, 2014, at its Board Meeting held in Mumbai.

The company posted Rs. 124.40 crores profit after tax for the year ended March 31, 2014. Income from operations for the year ended March 31, 2014 stood at Rs. 1,932.51 crores. Anil Khanna, Managing Director, Blue Dart Express Ltd. said, “Inspite of the strong headwinds faced by the Indian economy and high cost pressures, Blue Dart has performed reasonably well on all fronts and capitalized on its Quality, Consistency, Reliability, Passion and Commitment. We look back with great pride at the efforts our teams have put in to remain a Provider, Investment and Employer of Choice”.

He adds, “Looking forward, we will continue to drive our business with insane customer centricity, strengthen our market share in the air and ground express segments and sustain our leadership position in Blue Dart Country. I thank every Blue Darter, our customers, shareholders, partners and all other stakeholders for their commitment and support.”

During the year ended March 31, 2014, Blue Dart handled over 126.40 million domestic shipments, 0.91 million international shipments and over 513,474 tonnes of documents and parcels across the nation and 220 countries worldwide.

The Board of Directors have recommended a final dividend of Rs. 15/- per share for the year ended March 31, 2014. Together with the interim dividend of Rs. 35/- per share declared on February 5, 2014, the total dividend for the year ended March 31, 2014 works out to Rs. 50/- per share.

About Blue Dart:

Blue Dart Express Ltd., South Asia’s premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 33,867 locations in India. As part of the DP DHL Group (DHL Express, DHL Global Forwarding & DHL Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding supply chain solutions and customs clearance.

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart’s market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Some of these include SUPERBRAND and ‘Reader’s Digest Most Trusted Brand Platinum Award’, one of ‘India’s Best Companies to Work For’ by The Great Place to Work® Institute four times in a row, ‘Outstanding Contribution to the Cause of Education’ – Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award – 2010 in the category of Service Enterprises (Medium) to name a few.

Blue Dart accepts its social responsibility by supporting climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach).

Note:

  • Net Sales/income from operations (inclusive of fuel surcharge and currency adjustment factor) has recorded an increase of 12.90 % for the quarter ended March 31, 2014 as compared to the corresponding quarter of the previous year.
  • The Company had changed its Accounting year to commence from 1st April of every year and to end on 31st March of the following year, to proactively comply with the Companies Act, 2013. Consequent to this, the previous accounting period was for the fifteen months period from January 1, 2012 to March 31, 2013.
  • ACMI Charges (forming part of Freight, handling and servicing costs) for the year ended March 31, 2014 includes a one time amount of Rs.1,200 lacs provided for the repair of a returned leased aircraft engine during the quarter ended December 31,
  • The Board of Directors have recommended a final dividend of Rs. 15/- per share for the year ended March 31, 2014. Together with the interim dividend of Rs.35/- per share declared on February 5, 2014, the total dividend for the year ended March 31 2014 works out to Rs.50/-per share.
  • The Board of Directors of the Company in its meeting held on October 15, 2013 approved a `Scheme of Arrangement’ under Sections 391 and any other applicable provisions of the Companies Act, 1956 and/or Companies Act, 2013 (the “Scheme”) for issuance of unsecured, redeemable, non-convertible, fully paid up debentures of Rs. 10/- each (Rupees Ten Only), by way of Bonus, to be allotted out of Surplus in the Statement of Profit and Loss of the Company, to the shareholders as viz; 7 Debentures under Series I Debentures, 4 Debentures under Series II Debentures and 3 Debentures under Series III Debentures respectively for every 1 (one) equity share of the Company held by the Shareholders on the Record date to be fixed for this purpose. BSE Ltd. and National Stock Exchange of India Ltd. have given their no-objection to the Scheme vide their letter dated March 21, 2014. Further, the Hon’ble Bombay High Court has directed that a meeting of the (i) Equity Shareholders; and (ii) unsecured creditors of the Company be convened on Friday, June 13, 2014 at 10:00 am and 1:00 pm respectively at Hotel Hilton, Andhrei (East), Mumbai, for the approval of Scheme. The Company is in process of issuing notice of Court Convened Meeting to Equity Shareholders and unsecured creditors of the Company.
  • The Company is primarily engaged in a single segment business of integrated air and ground transportation and distribution of time sensitive packages in India and is managed as one entity for its various service offerings and is governed by a similar set of risks and returns. The said treatment is in accordance with the guiding principles enunciated in the Accounting Standard on Segment Reporting (AS-17) as notified under Section 211(3C) of the Companies Act, 1956 read with the General Circular 15/2013 dated September 13,2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act,2013.
  • The Consolidated Financial results represent those of Blue Dart Express Limited and its Wholly Owned Subsidiary Company, Concorde Air Logistics Limited. The Company has consolidated its results based on the Accounting Standard on Consolidation of Financial Statements (AS-21) as notified under section 211(3C) of the Companies Act, 1956. The 49% holding in Blue Dart Aviation Limited, its Associate Company has been consolidated in accordance with the Accounting Standard on Accounting for Investments in Associates in Consolidated Financial Statements (AS-23) as notified under section 211(3C) of the Companies Act, 1956 read with the General Circular 15/2013 dated September 13,2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act,2013.
  • The results for the quarter ended March 31, 2014 are the balancing figures between audited figures in respect of financial year ended March 31, 2014 and the published year to date figures up to the third quarter of the current financial year.
  • The prior period’s figures have been regrouped and reclassified wherever necessary to conform to current period’s classification.
  1. The above results were reviewed by the Audit Committee and were thereafter approved by the Board at its meeting held on May 9, 2014. There are no qualifications in the Auditors’ Report issued in the financial statements as of and for the financial year ended March 31, 2014.
    By Order of the Board
    For Blue Dart Express Limited
    Sd/-
    Anil Khanna
    (Managing Director)
    Date : May 9,2014
    Place : Mumbai

Source: http://www.bluedart.com/press210.html

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Blue Dart Sales at Rs. 505.41 crores

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Mumbai, February 5, 2014

Blue Dart Express Ltd., South Asia’s premier express air and integrated transportation & distribution company, today declared its financial results for the quarter ended December 31, 2013, at its Board Meeting held in Mumbai.

The Company posted Rs. 23.04 crores profit after tax for the quarter ended December 31, 2013. Income from Operations for the quarter ended December 31, 2013 was Rs. 505.41 crores.

The Board of Directors have declared an interim dividend of Rs. 35/- per equity share. The record date for the same has been fixed as February 17, 2014.

Anil Khanna, Managing Director, Blue Dart Express Limited said, “Despite tough economic challenges, Blue Dart has delivered value to its stakeholders by incorporating high benchmarks and quality standards in every aspect of business. Blue Dart has steered through successfully with a clear focus on fundamentals like Quality, Consistency, Reliability, Passion and Commitment. With this holistic approach, Blue Dart will remain an undisputed leader in the industry and consistently achieve higher growth in the years to come”.

He further adds, “With several accolades to its credit, Blue Dart is one of the most awarded, admired and best managed companies in India. We will serve in “Blue Dart Country” with a business and human conscience to remain the Provider, Investment and Employer of Choice and continue with our Living Responsibility credo”.

About Blue Dart:

Blue Dart Express Ltd., South Asia’s premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 33,867 locations in India. As part of the DP DHL Group (DHL Express, DHL Global Forwarding & DHL Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding supply chain solutions and customs clearance.

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart’s market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Some of these include SUPERBRAND and ‘Reader’s Digest Most Trusted Brand Platinum Award’, one of ‘India’s Best Companies to Work For’ by The Great Place to Work® Institute four times in a row, ‘Outstanding Contribution to the Cause of Education’ – Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award – 2010 in the category of Service Enterprises (Medium) to name a few.

 

 

     BLUE DART EXPRESS LIMITED

    PART I                                                                                                                     (Rs in Lakhs)

Statement of Standalone Unaudited Results for the Quarter and Nine Months Ended 31/12/2013

  Particulars
Quarter
Ended
31/12/2013
(Unaudited)

Quarter
Ended
30/09/2013
(Unaudited)

Quarter
Ended
31/12/2012
(Unaudited)

Nine Months
Ended
31/12/2013
(Unaudited)

Nine Months
Period
31/12/2012
(Unaudited)

Fifteen Months
Period Ended
31/03/2013
(Audited)
1. Income from operations





  (a)Net Sales / income from operations 50,541 47,102 45,835 142,962 130,572 216,206
  (b)Other operating income 9 58 103 100 345 445
  Total income from operations(net) 50,550 47,160 45,938 143,062 130,917 216,651
2. Expenses            
  (a)Freight,handling and servicing Costs(net) 36,158 32,001 28,458 98,390 83,831 141,023
  (b)Employee benefits expense 6,532 6,893 6,296 19,810 18,506 29,828
  (c)Depreciation and amortisaton expense 681 683 682 2,037 2,167 3,448
  (d)Other expenses 4,523 4,087 4,819 12,503 11,975 19,170
  Total expenses 47,894 43,664 40,255 137,240 116,479 193,469
3. Profit From operations before other income,finance costs and exceptional items 2,656 3,496 5,683 10,322 14,438 23,182
4. Other income 788 856 841 3,484 2,438 3,941
5. Profit from ordinary activities before finance costs and exceptional items 3,444 4,352 6,524 13,806 16,876 27,123
6. Finance costs 1 1   3   1
7. Profit from ordinary activities after finance costs but before exceptional items 3,443 4,351 6,524 13,803 16,876 27,122
8. Exceptional items
9. Profit from ordinary activities before tax 3,443 4,351 6,524 13,803 16,876 27,122
10. Tax expense 1,139 1,345 2,023 4,428 5,092 8,256
11. Net Profit from ordinary activities after tax 2,304 3,006 4,501 9,375 11,784 18,866
12. Extraordinary items (net of tax expense)
13. Net Profit for the period 2,304 3,006 4,501 9,375 11,784 18,866
14. Paid-up equity share capital(Face value Rs 10/- per share) 2,373 2,373 2,373 2,373 2,373 2,373
15. Reserves excluding Revaluation Reserve as per Balance Sheet of previous accounting year           62,593
16.i Earnings per share(before extraordinary items)(of Rs.10/- each)(not annualised)            
  (a)Basic 9.71 12.67 18.96 39.51 49.65 79.51
  (b)Diluted 9.71 12.67 18.96 39.51 49.65 79.51
16.ii Earnings per share(after extraordinary items)(of Rs.10/- each)(not annualised)            
  (a)Basic 9.71 12.67 18.96 39.51 49.65 79.51
  (b)Diluted 9.71 12.67 18.96 39.51 49.65 79.51
PART II              
A
PARTICULARS OF SHAREHOLDING
           
1.
Public shareholding:
           
  -Number of shares 5,931,984 5,931,984 5,931,984 5,931,984 5,931,984 5,931,984
  -Percentage of shareholding 25.00 25.00 25.00 25.00 25.00 25.00
2.
Promoters and Promoter Group Shareholding
           
  a)Pledged/Encumbered            
  -Number of shares
  -Percentage of shares(as a % of the total shareholding of promoter and promoter group)
  -Percentage of shares(as a % of the total share capital of the company)
  b)Non-Encumbered            
  -Number of shares 17,975,950 17,975,950 17,975,950 17,975,950 17,975,950 17,975,950
  -Percentage of shares(as a % of the total shareholding of the promoter and promoter group) 100 100 100 100 100 100
  -Percentage of shares(as a % of the total share capital of the company) 75.00 75.00 75.00 75.00 75.00 75.00
  Particulars 3 months ended 31/12/2013          
B
INVESTOR COMPLAINTS
           
  Pending at the beginning of the quarter          
  Received during the quarter 1          
  Disposed of during the quarter 1          
  Remaining unresolved at the end of the quarter          


Notes :

  • Net Sales/income from operations(inclusive of fuel surcharge and currency adjustment factor)has recorded an increase of 10.27 % for the quarter ended December 31,2013 as compared to the corresponding quarter of the previous year.
  • The Company had changed its Accounting year to commence from 1st April of every year and to end on 31st March of the following year,to proactively comply with the Companies Act,2013. Consequent to this,the previous accounting period was for the fifteen months period from January 1,2012 to March 31,2013.
  • ACMI Charges(forming part of Freight,handling and servicing costs)for the quarter and nine months ended December 31,2013 includes a one time amount of Rs.1,200 lacs provided for the repair of a returned leased aircraft engine.
  • The Board of Directors have declared an interim dividend of Rs.35/- per equity share. The record date for the same has been fixed as February 17,2014.
  • The Company is primarily engaged in a single segment business of integrated air and ground transportation and distribution of time sensitive packages in India and is managed as one entity for its various service offerings and is governed by a similar set of risks and returns. The said treatment is in accordance with the guiding principles enunciated in the Accounting Standard on Segment Reporting (AS-17) as notified under Section 211(3C) of the Companies Act, 1956.
  • The prior period’s figures have been regrouped and reclassified wherever necessary to conform to current period’s classification.
  • In accordance with the requirements of Clause 41 of the Listing Agreement with the Stock Exchanges,the Statutory Auditors have performed a limited review of the Company’s financial results for the quarter ended December 31,2013. There are no qualifications in the limited review report issued for the above period.

 

  1. The above results were reviewed by the Audit Committee and were thereafter approved by the Board at its meeting held on February 5,2014.

             By Order of the Board
    For Blue Dart Express Limited

    Sd/-

    Anil Khanna
    (Managing Director)

Source: http://www.bluedart.com/press203.html

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Blue Dart Sales at Rs. 471.02 crore

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Blue Dart Express Limited, South Asia’s premier express air and integrated transportation, distribution and logistics company, today declared its financial results for the quarter ended September 30, 2013, at its Board Meeting held in Mumbai.

Net Sales/Income from operations for the quarter ended September 30, 2013 stood at Rs. 471.02 crore, an increase of 12.87% over the corresponding quarter of the previous financial year. The company posted Rs. 30.06 crore profit after tax for the quarter ended September 30, 2013.

The Board of Directors at its Meeting held today also approved a scheme of arrangement (“Scheme”) for issue of Unsecured, Redeemable, Non-convertible fully paid Debentures of Rs. 10 each, by way of Bonus, out of Surplus in the Statement of Profit and Loss to reward the shareholders in the 30th year of its operations. The Scheme is subject to approval from the Hon’ble High Court of Judicature at Bombay, shareholders and creditors of the Company, Reserve Bank of India, Stock Exchanges and other authorities.

The Scheme entails issue and allotment of 7 (seven) Debentures under Series I Debentures redeemable at the end of 36 months from the date of allotment, 4 (four) Debentures under Series II Debentures redeemable at the end of 48 months from the date of allotment and 3 (three) Debentures under Series III Debentures redeemable at the end of 60 months from the date of allotment for every 1 (one) equity share of the Company held by the Shareholders on the Record date to be fixed for this purpose. The aggregate value of the Debentures that will be issued will be up to a maximum of Rs.332.20 crore (Rupees Three Hundred and Thirty Two Crore and Twenty Lacs Only).

The Debentures will carry a coupon rate payable annually, that will be determined by the Board of Directors of the Company. The Company intends to list the Debentures on BSE Limited and/or National Stock Exchange of India Limited.

Anil Khanna, Managing Director, Blue Dart Express Limited said, “In tough times like these when the industry is grappling to cope with the current economic scenario and the slow GDP growth, we have worked as one team with determination to overcome the challenges and have kept up to our commitment to service excellence.

We are delighted to serve in “Blue Dart Country” with a business and human conscience to remain the Provider, Investment and Employer of Choice. We will continue to focus on product innovation, customer centricity, deliver world-class service quality and maintain our reliability quotient”.

He further added, “Recently Blue Dart has been the proud recipient of a host of prestigious recognitions this year including the ‘Cost Management Excellence Award’, ‘Reader’s Digest Most Trusted Award – Platinum’ and one of ‘India’s Best Companies To Work’ (Rank 10). These awards are a validation of our customer centricity, People First philosophy and commitment to Blue Dart Country.”

About Blue Dart:

Blue Dart Express Ltd., South Asia’s premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 33,745 locations in India. As part of the DP DHL Group (DHL Express, DHL Global Forwarding & DHL Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding supply chain solutions and customs clearance.

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart’s market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Some of these include SUPERBRAND and ‘Reader’s Digest Most Trusted Brand Gold Award’ 7 years in a row, one of ‘India’s Best Companies to Work For’ by The Great Place to Work Institute four time in a row, ‘Outstanding Contribution to the Cause of Education’ – Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award – 2010 in the category of Service Enterprises (Medium) to name a few.

Blue Dart accepts its social responsibility by supporting climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach).

YES BANK and BLUE DART partner to revolutionize Door step Payments

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YES BANK, India’s fourth largest private sector bank has further simplified the e-Commerce, Cash on Delivery platform through its Mobile Point of Sales (MPOS) mechanism. The YES BANK – MPOS has proven extremely beneficial for Blue Dart, South Asia’s premier express air and integrated transportation & distribution company, and a differentiated solution provider for all merchandise delivery offerings from e-tailing companies in the country.

The Home Delivery Model of e-tailing with “Cash on Delivery” as the USP has seen tremendous growth in last few years; however, it carries the inherent risk of fraud, counterfeit, mutilation and theft which increase the operational cost of the company. YES BANK – MPOS is a first of its kind payment mechanism that uses mobile device based GPRS connectivity to facilitate debit/credit card payments. This unique device when connected to any mobile device can be used as a POS terminal to facilitate card payments. BLUE DART being the pioneer of the “Cash on Delivery” model with coverage to over 32,757 locations and the preferred solution provider for the country’s leading e-tailers was the obvious choice in that segment to test this solution in a live environment.

Mr. Asit Oberoi, COO, YES BANK Ltd said, “YES BANK is pleased to have partnered with Blue Dart to offer a simple yet innovative mechanism towards payments collections in the country. Blue Dart & YES BANK have successfully piloted this solution in major cities across India. This solution is the first of its kind in India and considering Blue Dart’s market share, will change the dynamics of the e-commerce business in India. At YES BANK, we strive to build strong customer-oriented systems with superior technological backing.”

Mr. Yogesh Dhingra, COO & Finance Director, Blue Dart Express Ltd. said, “As a technological knowledge leader for the industry in the country, we have always had a first mover advantage and have pioneered several Best Demonstrated Practices replicated by the industry. This solution from YES BANK was an ideal fit in our delivery system and another opportunity to add to customer delight / convenience / reliability which are the core essence of all our initiatives.”

YES BANK’s MPOS offers multiple benefits to merchants that require home delivery services for payments collection including Retailers, Insurance Agents, Restaurant Delivery Chains and e-commerce platforms among others.

About YES BANK

YES BANK, India’s fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the vision of “Building the Best Quality Bank of the World in India” by 2015. About BLUE DART EXPRESS LTD.:

Blue Dart Express Ltd., South Asia’s premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 32,751 locations in India. As part of the DP DHL Group (DHL Express, DHL Global Forwarding & DHL Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding supply chain solutions and customs clearance.

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart’s market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Some of these include SUPERBRAND and ‘Reader’s Digest Most Trusted Brand Platinum Award’, Innovation in HR – SAP Awards 2013, Best Overall Corporate Governance and Compliance & Ethics Program and Best Return to Investors Award – BSE 7th Social and Corporate Governance Awards 2013, ‘Outstanding Contribution to the Cause of Education’ – Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award – 2010 in the category of Service Enterprises (Medium) to name a few.

Blue Dart accepts its social responsibility by supporting climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach).