Ritco Logistics Limited reported securing new transportation and supply chain contracts worth approximately ₹230.00 crores in November, marking another month of business growth for the integrated logistics and multimodal transport solutions provider.
Major Transportation Contracts
The company secured several significant contracts across different sectors during November:
| Contract Type |
Duration |
Coverage Area |
Client Sector |
| Pan-India Steel Logistics |
3 Years |
Gujarat and Madhya Pradesh |
Primary Steel Major |
| Regional Steel Contract |
9 Months |
South and West India from Jharsuguda |
Steel Manufacturing |
| Polymer Logistics |
9 Months |
East Zone |
BCPL, Dibrugarh |
| 3PL Warehousing |
2.5 Years |
Western India |
MRPL |
Flyash Transportation Expansion
Ritco Logistics made inroads into flyash transportation with the award of a major contract from a leading infrastructure company, along with operations across multiple NTPC locations. The company mobilized dedicated fleets and streamlined execution processes for the movement of flyash.
Multi-Sector Partnership Growth
The company expanded its partnerships across various industry sectors:
FMCG and Consumer Goods:
- Havells: Year-long logistics partnership covering multiple destinations across India
- Tata Consumer: One-year nationwide contract covering diverse routes
- Mother Dairy: Six-month contract covering routes from Tirupati, Morena, Dadri, and Mandoli
TrucksUp Business Updates
Leadership Appointments
TrucksUp strengthened its leadership team with two senior industry appointments:
| Position |
Name |
Experience |
Focus Areas |
| Chief Growth Officer |
Rishi Sharma |
10+ years |
Operations restructuring, fleet optimization |
| Chief Marketing Officer |
Abhijay Ratan |
20+ years |
Brand positioning, digital adoption |
Industry Recognition
TrucksUp received multiple industry awards:
- Emerging Supply Chain Tech Company of the Year at the 11th Future of Supply Chain, Logistics Summit
- Best Digital Transformation in Logistics for advancing smart, technology-enabled trucking solutions
November Performance Metrics
TrucksUp recorded performance across its service offerings during November:
| Service Category |
New Customers/Policies |
Value |
| Smart Fuel |
785 new customers |
- |
| FASTag |
1,037 new customers |
- |
| Insurance Policies |
653 new policies |
₹1.80 crores premium |
Strategic Growth Initiatives
TrucksUp initiated a fundraising round targeting ₹350.00 crores to accelerate nationwide expansion and enhance technological capabilities. The company has received ₹20.00 crores from its promoters. This investment aims to strengthen organizational capabilities, drive technological advancements, and scale operations across India's key logistics corridors.
Business Outlook
With over ₹230.00 crores in new business acquisitions during November, Ritco Logistics continues building momentum following performance in previous months. The company remains focused on leveraging technology, operational integration, and multimodal capabilities to deliver logistics solutions while strengthening client partnerships and expanding nationwide reach.
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