Delhivery Limited has informed the Exchange about Incorporation of Wholly Owned Subsidiary
DELHIVERY · price
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Delhivery Limited's Board has approved the incorporation of a new Wholly Owned Subsidiary named 'Delhivery Fintech Distribution Private Limited'. The subsidiary will operate as a financial services distribution arm supporting Delhivery's logistics network. Its activities will include operating as an Insurance Corporate Agent, distributing payment solutions like FASTags and Fuel Cards, and distributing Telematics devices for truckers and sector-specific products for vendors, truckers, last mile agents, and MSMEs. The company will subscribe to 100% of the share capital by paying INR 1 crore in cash.
This move allows Delhivery to diversify into financial services leveraging its existing logistics reach and partner ecosystem. The INR 1 crore investment is relatively small, so near-term financial impact is minimal, but it signals strategic intent to capture new revenue streams within the logistics value chain.