BLUE DART INVESTS IN PEOPLE AND TECHNOLOGY : ACHIEVES REMARKABLE GROWTH

Mumbai, July 24, 2001 : Blue Dart Express Limited, the leaders in the logistics and supply chain management space in the domestic market, held their Annual General Meeting in the city today.

Blue Dart Express Limited has posted its highest ever net profit of Rs 23.03 crore. The Shareholders of the company have approved a dividend of 35 percent for the fiscal year 2000-2001 and bonus shares in the ratio of 1:1 (one equity share for every one share held)

At the AGM, Mr. Tushar K Jani, Chairman of Blue Dart said, "The future throws up great opportunities and holds a promise to dramatically change the fortunes of organisations that are able to envision growth and position themselves strategically in the emerging environment. Blue Dart is one of the companies that has always tried to make this growth sustainable and provide value to shareholders."

Mr. Clyde Cooper, Managing Director, Blue Dart Express Limited said, "Our biggest asset is our strong team of over 4,000 people dedicated to providing solutions that fulfill the needs of our customers. We will continue to spearhead the air express and logistics industry through continuous investment in infrastructure, technology, training and development of our people, and product innovation to ensure sustainable growth. At Blue Dart Express Limited we have successfully combined technology and people to become the pioneers in the industry."

Blue Dart has recently been nominated in the Emerging Company Category in the Economic Times Corporate Awards. It is India's leading integrated air express and logistics company, with over 38% share in the domestic market. Blue Dart offers a comprehensive range of services and products for both international and domestic shippers. Blue Dart's continuous commitment towards understanding the needs and concerns of the customer has enabled it to provide unmatched standards of service quality with 99.98 percent reliability levels in the express industry. Over the years, Blue Dart has expanded the market rapidly, which is reflected in its turnover growth over the last three years. Blue Dart is the largest Global Service Participant of FedEx, the world's largest air express transportation company.

For further information contact

marketing@bluedart.com
Dated : July 24, 2001