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Meet man, an Indian who started business with just Rs 25,000, now worth Rs 13000 crore, his business is...

At the age of 29, Shashi Kiran Shetty founded a company called Trans India Freight Services Private Limited.

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Meet man, an Indian who started business with just Rs 25,000, now worth Rs 13000 crore, his business is...
Photo: Shashi Kiran Shetty/LinkedIn
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Shashi Kiran Shetty has built a vast business empire through his hard work and determination. Starting his business at the age of 29 with just Rs 25,000, today his venture is known as Allcargo Group. The group is the world's largest LCL (Less than Container Load) consolidator, revenue valued at approximately Rs. 13,000 crore.

Shashi Kiran Shetty was born on June 7, 1957, at Bantwal near Mangalore in Karnataka. He studied commerce at Sri Venkataramana Swamy College in Karnataka. In 1978, he came to Mumbai in search of a job. In Mumbai, he began working at Intermodal Transport and Trading Systems Private Limited and later he worked at Forbes Gokak.

At the age of 29, Shashi Kiran Shetty founded a company called Trans India Freight Services Private Limited. In 1994, he established Allcargo Logistics Limited. Today, Allcargo Group has over 4000+ employees in India and offices in 180 countries. Its services reach out to 530 destinations with more than 2,400 direct trade lanes. The group boasts of a robust multimodal capacity in India which reaches out to over 19,800 pin codes.

The company is the world's largest LCL consolidator. LCL stands for 'Less than Container Load,' meaning when the cargo is insufficient to fill an entire container and the LCL consolidator combines the LCL cargo from various shippers and transport it to the chosen destination. Revenue of Shetty's company is presently valued at around Rs. 13,000 crore.

The keys to Shashi Kiran Shetty's success are hard work, determination, vision, and innovation. He is not only a successful entrepreneur but also a philanthropist. He has made significant contributions to the fields of education and healthcare. Shashi Kiran Shetty is an inspiration for youth who dream big and are willing to work hard to achieve their goals.

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