Industry: PTL Express - PTL is Part Truck Load, also known as LTL or Less than Truck Load

Value; US $15bn 

Growth: 11% CAGR in recent years (as of 2025)

Key players: Revenue from PTL (as of 2025)

Safexpress: ~Rs 3700 Cr

Delhivery: ~Rs 1900 Cr

AllCargo Gati: ~Rs 1300 Cr

TCI Express: ~Rs 1100 Cr

Safexpress is the market leader with Delhivery at No. 2, but Delhivery is growing fast and catching up with Safexpress quickly.

About the Market Leader (revenue, EBITDA and PAT figures in Rs):

FY'23 - 3151 Cr revenue, 606 Cr EBITDA at 19%, 256 Cr PAT at 8.12%

FY'24 - 3439 Cr revenue, 602 Cr EBITDA at 18%, 257 Cr PAT at 5.47%

FY'25 - 3920 Cr revenue

Total warehousing space: 21.2 million sq ft

Gateways across India: 852

GPS enabled containerized trucks: 12,856