Delhivery, a major player in logistics, stated that it has dissolved its UK wholly-owned subsidiary, Delhivery Corp.

Delhivery, a logistics, supply chain and transportation company, was established in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati.  It goes head-to-head with companies such as Xpressbees, Blue Dart, Flipkart’s Ekart Logistics, and Amazon Shipping.

“Delhivery stated in an exchange filing on June 10, “…we would like to inform you that Delhivery Corp Limited (‘Delhivery Corp’), a wholly owned subsidiary of Delhivery Limited (‘the Company’) and incorporated under UK law, has been dissolved effective June 10, 2025.”

The filing states that this follows a disclosure made by the logistics unicorn on the BSE in May of the previous year regarding the liquidation of its UK-based subsidiary.

The filing states that this follows a disclosure made by the logistics unicorn on the BSE in May of the previous year regarding the liquidation of its UK-based subsidiary.

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In its filing at the time, Delhivery stated that its board of directors had sanctioned the process of liquidating Delhivery Corp.  It also mentioned that Delhivery Corp is not a material subsidiary of the company and that its dissolution will not impact its revenue.

In the same month of the previous year, Delhivery announced in a different filing its plans to establish a fully-owned subsidiary, Delhivery Robotics India, aimed at drone production and offering freight air transport services.

It was then stated by the company that the proposal to establish the subsidiary with an authorized share capital of INR 5 Cr had been approved by its board.  The subsidiary’s main service will be drone as a service (DaaS) for moving shipments and remote sensing.

Throughout the fiscal year 2025 (FY25), the logistics major reported profits in each of the four quarters.  In the fourth quarter of FY25, Delhivery’s consolidated net profit was INR 72.6 Cr, compared to a loss of INR 68.5 Cr in the same quarter of the previous year.

Delhivery’s profit sequentially increased to almost three times its previous value of INR 25 Cr.  As a result, the company announced its first-ever profitable fiscal year in FY25, achieving a net profit of INR 162.1 Cr compared to a loss of INR 249.2 Cr in FY24.

 In the examined quarter, its operating revenue rose to INR 2,191.6 Cr in Q4 FY25 from INR 2,075.5 Cr in the same quarter of the previous year, marking a growth of 6%.  Nonetheless, it dropped 9% from the previous quarter compared to INR 2,378.3 Cr.

During the quarter under review, the company’s EBITDA doubled year-on-year to INR 119 Cr, in line with its PAT growth.  The EBITDA margin grew to 5.4% from 2.2% in the same quarter last year.

Delhivery’s total revenue for the quarter under review was INR 2,303.5 Cr, which included other income of INR 111.9 Cr.

Several months back, Delhivery revealed its intention to buy a controlling interest in Ecom Express for INR 1,407 Cr.

The companies sought approval for the deal from the Competition Commission of India (CCI) in April.  In a notice provided to the regulator, the companies stated that the proposed transaction will not result in any changes to “competitive dynamics” or cause “any appreciable adverse effect on competition” within the logistics sector.