History of Blue Dart Express Ltd.

1991

- Blue Dart Express limited was incorporated on 5th April. The company was converted into a public limited Comp. on June 15th, 1994 & the certificate of incorporation on change of name was issued on June 17th, 1994.

- The Comp. is engaged in the courier business for carriage and door-to-door delivery of commercial documents, samples, panels and printed matter in India & throughout the world.

- The Comp. was promoted by Tushar Jani, Clyde Cooper & Khushroo Dubash.

- The name of firm was changed to Blue Dart Express on October 1st, 1990 & the firm was registered as a private limited Comp. on April 5th 1991.

- The Comp. acquired, developed & set up a centralised international & domestic super hub with computerised links to all it major centres.

- The Comp. also plans to link its major centres by satelite very small Aperture terminals. The Comp. proposes to add to its existing fleet of light commercial vehicles & pick up vans at various places to cater to the growing business needs.

- Some of new products include:

- [is] Voice Dart: This is 24hr. hotline available to the customer in selected cities of country. It is an interactive voice response computer system that enables customers to access key information regarding the range of services offered by company, to track the states of their consignment & leave messages via a mailbox all in a voice form;

- [iis] Power Dart: a software-run-system which is installed at the customer premises. Through a dial-up computer modem installed at the customer premises, he can directly access the company database and retrieve relevant information of his shipments;

- [iiis] Dart Collect: Offers the overseas consignees receiving shipments from India, the facility to pay the freight changes in foreign currency;

- [ivs] Dart Apex: This is a day definite door-to-door product for shipments above 20 kgs. travelling to select cities within the company network;

- [vs] IXF-2: This is a day definite door-to-door service for international shipments weighing above 45 kgs. to destinations in the USA.

1992

- The Comp. finalised negotiations with Federal Express International Inc. in respect of Global service program contract & with federal Express Corporation in respect of Trademark use Agreement & End User Agreement for cosmos software.

1993

- The Comp. introduced barcode scanners & bar coded Air waybills to enhance the quality of tracking operations. The Comp. has more than 400 users who communicate through E-Mail.

- The Comp. was appointed as General Sales agent in India of Gederal Express enabling the Comp. to pickup heavy weight commercial shipments for door-to-door delivery.

1994

- A New product `Dart Apex' for door to door shipments above 20 kgs was launched. Other systems installed to offer greater reliability to customers are oracle platform, bancode technology etc. The Cosmat II has enabled decentralisation of Company operation.

- The Comp. acquired premises in Bangalore for provision of warehousing facility.

- 60,50,000 No. of equity shares of Rs 10 each issued, subscribed and paid-up [1,00,000 shares to promoters on 5.4.1991; 1,00,000 Rights equity shares in proportion 1:1 on 11.10.1993; 24,00,000 bonus equity shares allotted on 6.1.1994 prop. 1:12; 32,50,000 bonus equity allotted on 3.6.1994 in prop. 1:1.25; 2,00,000 shares to employees/directors/associates on 13.6.1994s]; 25,50,000 No. of equity shares of Rs 10 each were issued at a premium of Rs 140 per share to the public in September 1994. [25,50,000 shares partly paid ups].

- The Comp. has established computer installations at 38 major offices.

1995

- VSATs were installed at eight locations across the country to help E-mail networks in India as well as the Domestic [Cosmat-2s] and international [cosmoss] tracking system & central aviation load booking systems [SMARTs].

- Two software packages viz. `Powerdart' using which the customer can log into the Company database & access data relating to his shipments & the other one `Faxdart' is a tool to automatically fax to the customer relevant information about his shipments was developed during the year.

- The Comp. acquired 2 Boeing 737-200 aircraft offered by Indian Airlines. The aircrafts were sent to USA for conversion from passenger to cargo version & named as 'vision I' & 'vision II'.

- The Comp. proposed new ATA [Airport to Airports], DTA [Door to Airports], & ATD [Airport to Doors] Products.

- The Comp. signed an agreement with Federal Express International Inc. through which it became the official GSA of Fed Ex in India.

- The Comp. entered into an agreement for purchase of 35,000 sq. ft. of land situated in the vicinity of International Airport for constructing Superhub and Technology centre for housing the company's communication & data processing facilities.

- Blue Dart Aviation limited is a subsidiary of Comp. & launched door-to-door domestic express cargo aviation system.

- The Comp. signed an agreement with Federal Express International Inc., through which it became the official GSA of FedEx in India for air freight products.

- FedEx has taken a significant step forward to receive the ISO 9001 certification & is the first Express Comp. in the world to have received this certification.

1996

- The Comp. has developed two software packages - namely `Powerdart' and `Faxdart.'

- The Comp. has entered into an agreement with its wholly owned subsidiary Comp. for lease of 2 aircraft.

- The Comp. has received a `AA-' rating for its proposed issue of Rs. 15 crores Non-convertible debentures to be issued on a private placement basis from Credit Rating Information Services of India Limited for this instrument.

- The Comp. has entered into a commercial understanding with its wholly owned subsidiary Blue Dart Aviation Limited whereby the Company has hired the entire aircraft payload capacity of two B737-200 cargo aircraft of approximately 16 tonnes per aircraft.

- 2,50,000 shares issued [prem. Rs 35 per shares] on conversion of warrants.

1997

- The Comp. has signed a new 5 year Global Service Program Contract with Federal Express [FedExs], which became effective from 1st October.

- The Comp. has entered into various strategic alliance with regional/express courier companies in lieu of expanding its market share.

- Blue Dart recently became the first Express Comp. in India to get the ISO 9001 Certification.

- Federal Express Corporation [FedEXs], the world largest express transportation company, will enter the Indian air express market through a new agreement with Blue Dart, India express company.

- The Comp. has launched its 'Smart Box' in the eastern region to cater to the needs of small business. 1998

- The Comp. had undertaken with the set up of aviation system, was completed during the financial year under consideration.

- The Comp. has set up customs bonded warehouse at Chennai, Mumbai and Calcutta & transhipment facilities at all the 5 major domestic airports through which it operates.

- The Comp. has entered into appropriate interline agreements with 9 international carriers viz. Air India, Air France, British Airways, Emirates, Singapore Airlines Swissair, Air Canada, Cargolux & FedEx for movement of interline cargo.

- The Comp. has issued 23,00,000 debentures of face value of Rs. 100/- each aggregating to Rs. 2300 lakhs to Newfields Holdings Limited.

- The Comp. has subscribed to the Rights issue of 100 lakh shares of Rs. 10 each, aggregating to Rs. 1000 lakhs of Blue Dart Aviation Limited - a 100% subsidiary.

- The Comp. has entered into lease agreements for rental of property, vehicles, computers, equipment & other assets.

- Blue Dart Aviation, a subsidiary of Blue Dart Express Limited has introduced India first load & trim software for their Boeing 747 flights.

- Blue Dart Aviation Ltd, a wholly-owned subsidiary of Blue Dart Express Ltd, is to establish a hangar facility at Chennai airport.

- Blue Dart has already signed an agreement with Lufthansa Cargo.

- Debentures were converted into 3,066,667 No. of equity shares of Rs 10/- each at a premium of Rs 65 per share.

1999

- The Comp. has launched its services in the Kashmir Valley. The company has entered into a regional service participant [RSPs] agreement with Priority Courier Services to service the Kashmir Valley region.

- The Comp. hasreceived A+ rating from Crisil for its proposed non-convertible debentures.

- The Comp. will be setting up its Business Logistics designs.

2000

- Duff & Phelps India has assigned a D1+ rating to the Rs 10 crore CP issue of company.

- BDEL claims to be the largest express Comp. in the country.

- Blue Dart has a tie-up with Federal Express for this business. Blue Dart is the leader in the domestic courier industry with a market share of around 36 per cent.

- The Comp. has entered into a strategic alliance with Super Fast Courier Service in the east as part of its move to expand its reach in the secondary markets.

- The Company, the country largest integrated air express company, has tied-up with China Airlines.

2001

- Domestic courier major Blue Dart Express has declared a 1:1 bonus.

- Blue Dart Express Ltd., India leading integrated air express and logistic service provider has signed an exclusive agreement with Crown Couriers, a leading courier company.

- Blue Dart Express Ltd, integrated air express & logistics company, has opened its office in Bangalore, strategically located close to the airport.

2002

-Company has high load factor of 86% on its aircraft.

-Ties up with DHL Worldwide Express which is a five year sales alliance.

-Llyod Register Quality Assurance certifies the company new global standard ISO 9001:2000 for all its products/services.

-Enters into an interline agreement with South African Airways.

2003

-Begins customer satisfaction standard 'net service levels' .

-Acquires 4th aircraft, Boeing 737 as part of its fleet expansion plans.

-Mr Kushroo Dubash, Director along with his family members purchases 6415 shares.

-Places 90-day Commercial paper at 5% with a state run bank for Rs.5 cr.

-Bhiwandi emerges as a warehousing hub for company.

-Blue Dart inks pact with Sri Lankan Airlines

2004

-Blue Dart joins hand with Hayleys

2007

-Blue Dart Express Ltd has informed that Mr. Thomas Murphy as a Director of Comp. with effect from September 03, 2007.

- Blue Dart Express Ltd has informed that the Board of Directors approved the appointment of Mr. Daniel J McHugh as an Additional Director of Comp. with effect from December 23, 2008.