Blue Dart Express Ltd
NSE: BLUEDART BSE: 526612
₹5748
(-1.25%)
Sat, 21 Feb 2026, 11:13 pm
Market Cap136.9B
PE Ratio53.76
Dividend0.43
Transportation
Air Freight/Couriers
24.5KCompany History
1990
- Changed name to Blue Dart Express on October 1.
1991
- Incorporated as private limited company on April 5.
- Promoted by Tushar Jani, Clyde Cooper, and Khushroo Dubash.
1992
- Finalized negotiations with Federal Express for Global Service Program, Trademark Agreement, and Cosmos software.
1993
- Introduced barcode scanners and barcoded airwaybills.
- Appointed as General Sales Agent for Federal Express in India.
1994
- Converted to public limited company on June 15; name change certificate issued June 17.
- Launched 'Dart Apex' for shipments above 20 kg.
- Installed Oracle platform, barcode technology, and Cosmat II.
- Acquired premises in Bangalore for warehousing.
- Issued equity shares: 1,00,000 to promoters (1991), 1,00,000 rights (1993), 24,00,000 bonus (Jan), 32,50,000 bonus (Jun), 2,00,000 to employees/directors; 25,50,000 to public at premium.
- Established computer installations at 38 major offices.
1995
- Installed VSATs at eight locations.
- Developed 'Powerdart' and 'Faxdart' software packages.
- Acquired 2 Boeing 737-200 aircraft, converted to cargo as 'Vision I' and 'Vision II'.
- Signed agreement with Federal Express to become official GSA in India.
- Entered agreement to purchase 35,000 sq ft land near International Airport for Superhub & Technology Centre.
- Blue Dart Aviation Ltd launched as subsidiary with domestic express cargo aviation system.
1996
- Entered lease agreement with subsidiary for 2 aircraft.
- Received 'AA-' rating for Rs 15 crore non-convertible debentures.
- Hired entire payload capacity of two B737-200 aircraft from Blue Dart Aviation Ltd.
- Issued 2,50,000 shares on conversion of warrants at premium of Rs 35 per share.
1997
- Signed new 5-year Global Service Program Contract with FedEx effective October 1.
- Entered strategic alliances with regional courier companies.
- Became first Express Company in India to receive ISO 9001 Certification.
- Launched 'Smart Box' in eastern region.
- Entered agreement with FedEx for Indian air express market.
1998
- Completed aviation system setup.
- Set up customs bonded warehouses in Chennai, Mumbai, and Calcutta; transhipment facilities at 5 major airports.
- Entered interline agreements with 9 carriers including Air India, Air France, British Airways, Emirates, Singapore Airlines, Swissair, Air Canada, Cargolux, and FedEx.
- Issued 23,00,000 debentures worth Rs 2300 lakhs to Newfields Holdings Limited.
- Subscribed to rights issue of 100 lakh shares in Blue Dart Aviation Ltd.
- Blue Dart Aviation introduced India's first load and trim software for Boeing 747 flights.
- Signed agreement with Lufthansa Cargo.
- Converted debentures into 3,066,667 equity shares at premium of Rs 65 per share.
1999
- Launched services in Kashmir Valley via RSP agreement with Priority Courier Services.
- Received A+ rating from CRISIL for non-convertible debentures.
2000
- Received D1+ rating from Duff & Phelps for Rs 10 crore CP issue.
- Entered strategic alliance with Super Fast Courier Service.
- Tied up with China Airlines.
2001
- Declared 1:1 bonus.
- Signed exclusive agreement with Crown Couriers.
- Opened office in Bangalore near airport.
2002
- Achieved 86% aircraft load factor.
- Tied up with DHL Worldwide Express for five-year sales alliance.
- Certified with ISO 9001:2000 by Lloyd's Register Quality Assurance.
- Entered interline agreement with South African Airways.
2003
- Introduced customer satisfaction standard 'net service levels'.
- Acquired 4th Boeing 737 aircraft.
- Kushroo Dubash and family purchased 6415 shares.
- Placed 90-day commercial paper worth Rs 5 crore at 5%.
- Bhiwandi emerged as warehousing hub.
- Inked pact with SriLankan Airlines.
2004
- Formed partnership with Hayleys.
2007
- Appointed Thomas Murphy as Director effective September 3.
2008
- Appointed Daniel J McHugh as Additional Director effective December 23.
2009
- Appointed Christopher Ong as Additional Director effective June 2.
2010
- Honoured with 'Customer & Brand Loyalty' Award.
- Won four accolades.
- Won Jamnalal Bajaj Fair Business Practices Award.
- Launched Express Pallet domestic service.
- DHL & Blue Dart took gold in Reader's Digest Trusted Brand Awards.
- Won Award for Best Motivational Practice in Services.
2011
- Launched Smart Truck with DHL.
- DHL and Blue Dart won awards at 5th Express Logistics & Supply Chain Conclave.
2012
- Accorded 'Customer & Brand Loyalty' Award for second time.
- DHL and Blue Dart swept awards at 6th Express, Logistics & Supply Chain Conclave.
- Ranked amongst Top 25 India's Best Companies to Work For.
2013
- Recognized as one of India's Best Companies to Work For, ranked 10th.
- Inducted 5th B757-200 Freighter.
- Introduced TDX, RFID pilots, Critical Express, and CAF.
- Awarded Great Place to Work for 4th time in a row.
2014
- Planned Smart Truck rollout.
- Awarded Great Place to Work for 5th time in a row.
2015
- Acquired additional 21% stake in Blue Dart Aviation Ltd., holding 70% stake.
- Launched country's first Parcel Locker at Gurgaon's Unitech Cyber Park.
2017
- Won top award in Singapore for innovative cash collection system.
2018
- Launched state-of-the-art aviation hub in Chennai.
- Launched annual 'Rakhi Express' campaign.
2019
- Launched state-of-the-art facility at Mumbai International Airport.
- Ranked No. 1 amongst Best Multinational Workplaces in Asia.
2020
- Enhanced 'Domestic Priority Dutiable' service for high-value shipments.
- Freighters flew international routes to bring medical equipment and supplies to fight COVID-19.
- Ranked amongst Top 50 of India's Best Companies to Work For.
- Listed as Reader’s Digest ‘Most Trusted Brand’ for 14th year in a row.
2021
- Supported Government in delivery of COVID-19 vaccines.
- Launched first All Women Service Centre in Navi Mumbai.
- Recognised as Superbrand for 13th consecutive year.
2022
- Launched 25 retail stores across India.
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