Tiger Logistics (India) Ltd., a market leader in Indian logistics, confirmed that the Enforcement Directorate (ED) recently raided its corporate office and the house of its Managing Director. Notwithstanding the regulatory attention, the company has informed stakeholders that there is no material effect on its current operations or business continuity.
Key Highlights:
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The Enforcement Directorate made a visit to the premises of Tiger Logistics, including the residence of the MD, as part of an ongoing probe. The firm has cooperated fully with the authorities and furnished all information sought.
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Tiger Logistics immediately reassured exchanges and stakeholders that these incidents have not impacted its day-to-day business, financial well-being, or service provision. The firm reiterated that there is no material effect on its business, and all freight and logistics services remain uninterrupted.
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The firm continues to prioritize growth and innovation, having recently introduced its LCL consolidation brand 'CUBOX' to capitalize on the growing B2B logistics market and further diversify revenue streams.
Tiger Logistics' management reaffirmed its dedication to transparency, regulatory compliance, and stakeholder interests, emphasizing its robust corporate governance structure and asset-light business model.
The Indian logistics industry as a whole remains to see strong growth, fueled by digitalization and government policy support, setting Tiger Logistics up for future growth.
Tiger Logistics' quick communication and operational resilience reflect its stability and dedication to preserving stakeholder trust, even in the face of regulatory developments.
Sources: Tiger Logistics (India) Ltd. Press Release, Logistics Insider, India Infoline