This small-cap logistics company has launched a digital product - 'FreightJar'

The company is a major player in third-party logistics with a focus on global logistics, handling the import and export of cargo and projects.

About the announcement 

The digital solution "FreightJar" from Tiger Logistics (India) is now available. Through this platform, more than 63 million SMEs and MSMEs may now access affordable freight rates from renowned freight forwarders and shipping companies. The programme gives exporters and importers the ability to keep track of their delivery and shipment timetables, giving them data they need to make wise decisions.

A digital logistics platform called FreightJar seeks to simplify freight booking and management in global logistics. Exporters and importers may handle their shipping requirements more effectively thanks to the platform's user-friendly interface and extensive capabilities, which have been intended to improve operational efficiency.

Share Price Movement of Tiger Logistics (India) Ltd

The scrip opened on Tuesday at Rs 269.50 and touched a high and low of Rs 282.95 and Rs 256.05, respectively. Its 52-week high stood at Rs 494.85, whereas its 52-week low was Rs 249.50. The current market cap of the company is Rs 6,951.95 crore. Promoters hold 69.91%, whereas the Institutional and non-institutional holdings is 13.07% and 17.03%, respectively.

Company profile

On May 23, 2000, Tiger Logistics (India) was established in New Delhi, India. Over the years, the business has had great success and is today recognised as a top supplier of end-to-end logistics solutions. Tiger Logistics is an ISO 9001:2008 accredited business that constantly meets the needs of clients across India by offering high-quality services, integrated supply chain, and logistics solutions. Tiger is truly international, in contrast to other organisations that concentrate on a specific region or industry. The organisation works in a variety of industries, using the methodology that is most appropriate for each one.