Incorporation of Wholly Owned Subsidiary
DELHIVERY · price
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Delhivery's Board has approved the incorporation of a new Wholly Owned Subsidiary named 'Delhivery Fintech Distribution Private Limited' in India. The subsidiary will operate as a distribution-focused financial services arm supporting Delhivery's logistics network. Its business will include Insurance Corporate Agent operations, distribution of payment solutions like FASTags and Fuel Cards, Telematics devices for truckers, and financial products tailored for vendors, truckers, last mile agents, and MSMEs. Delhivery will subscribe to 100% of the subsidiary's share capital by paying INR 1 crore in cash.
This move expands Delhivery's service offerings beyond logistics into financial services distribution, potentially creating new revenue streams and enhancing value for its logistics ecosystem partners. However, the financial impact remains limited as this is a relatively small initial investment of INR 1 crore.