Dubai, May 18, 2013: DTDC GLOBAL EXPRESS PTE LTD., a global courier and cargo company headquartered in Singapore with strong operations in India formed a joint venture with Eurostar Express, a Dubai-based diversified conglomerate, has recently kick-started door-to-door courier service in the UAE.

The joint venture in which DTDC holds 52 per cent and Eurostar holds 33 per cent stake with the rest 15 per cent owned by DTDC's local partner, represents the first of its kind foreign acquisition by and Indian Courier Company.

Mr. Subhasish Chakraborty, Chairman and Managing Director of DTDC said, "We are excited on this new development and will leverage this acquisition to gain greater market share, DTDC is also exploring the possibility of taking its other value-added, premium products to these markets".

DTDC is a household name in India and has been building its global presence for last few years. DTDC provides services to over 240 international locations through various arrangements such as 100 per cent subsidiaries, Joint Ventures and International Master Franchises. Apart from the UAE, it also has its own offices in USA, UK, Australia, Canada, Singapore and China. 

Raju Jethwani, Chairman of Eurostar Group, said, "For more than 25 years, Eurostar has been supporting the UAE economy and society by bringing the best products and services to the UAE and the Middle East. Our partnership with DTDC is a reflection of our continued commitment to the UAE economy and will strengthen our efforts to support its future growth."

Eurostar Express is one of the subsidiary companies of the $500 million Eurostar Group headquartered in Dubai. The group comprises of businesses in the domains of trading, services and real estate. The Group has over 25 retail showrooms in the UAE region and business operations across 50 countries worldwide, and has established itself as a pioneer and market leader in the digital satellite receivers industry.

Post the joint venture, DTDC's UAE network has a team of 100-odd professionals and a fleet of about 60 vehicles. The organisation will offer same day delivery, pick-up and return services all over UAE for vital 'shipments, delivery of shipments between major cities within UAE in 3 hours, 'Bullet Service' to all over UAE within 4 hours, pre-paid services and many more.

"The acquisition allows DTDC to combine its strength with Eurostar and penetrate & consolidate its presence all over the Middle East including GCC and MENA areas, more comprehensively. It has enabled more feet on street, robust infrastructure and quality delivery capabilities for DTDC in developed markets such as Dubai and Abu Dhabi", said Mr. Suresh Bansal, Director and head of International Business of DTDC.

About DTDC
DTDC Courier & Cargo Ltd. (DTDC) was founded by Mr. Subhasish Chakraborty in 1990. Within a short span, through its business associates, the company expanded its delivery network across the country, thereby creating one of India's Largest Domestic Delivery Networks. Today, DTDC stands as a global courier company with its Headquarters based in Singapore. DTDC is one of the largest companies with strong operations in the Indian Express industry. It has over 420 own offices and over 6175 channel partners (Franchisees) spread across the country monitored through various regional offices. DTDC serves handles 11 million consignments per month. DTDC can also be credited with pioneering the franchisee concept for the courier industry in India, and today has the largest franchisee network in the country enabling it to cover over 10,000 pin codes across the nation.

About Eurostar
With a reputation for excellence and strong adherence to world class standards that spans across two decades, Eurostar Group has firmly established itself as a pioneer and market leader in the digital satellite
receiving systems industry. Aiming to duplicate their success into other industry verticals, the group has
diversified and has grown dramatically through the strategy of tapping into new territories and expanding its
portfolio of products and services. 


Over the last few years, Eurostar Group has consolidated its position as a market leader with its ability to correctly anticipate emerging and changing market trends. The company boasts of a strong presence in both regional and global markets. With over 25 retail showrooms in the Middle East and business operations spread across 50 countries worldwide. Eurostar brand is becoming significantly strong in the tablets segment and it keeps pace with the trends and consumer focus.

For further information, please contact:
Mr. Srikanth Rao
Country Manager - UAE
DTDC Eurostar Courier & Cargo LLC
P.O.Box: 118519, Dubai, UAE
Tel (Office):    +9714 2629408 
Email: srikanth@dtdc.com

Mr. Girish Mehta
Managing Director
PR Squad
P.O. Box: 29138, Dubai, UAE
Tel: +971555525375
Email: girish.mehta@prsquad.ae

© Press Release 2013