MUMBAI: BLR Logistiks (I) Ltd has announced that CRISIL Ratings has upgraded the company’s credit rating to CRISIL A-/Stable from CRISIL BBB+/Positive.
The rating upgrade reflects the company’s strong financial performance, prudent management practices, and consistent business growth. It also reinforces BLR Logistiks’ financial stability and growing credibility in the logistics sector.
Commenting on the achievement, Mr. Ashok L Goyal, Managing Director, said: “We are proud of this milestone, which reflects the trust of our stakeholders and our continued focus on sustainable growth, operational excellence, and financial discipline.”
The improved rating is expected to further strengthen the company’s market position, enhance financial flexibility, and support future expansion plans.
As part of its growth strategy, BLR Logistiks (I) Ltd has also recently ventured into the air cargo business, with a focus on providing customers end-to-end logistics solutions under one roof. This expansion is aimed at strengthening the company’s service portfolio and offering seamless multimodal logistics solutions.
About BLR Logistiks (I) Ltd
BLR Logistiks (I) Ltd is a leading logistics solutions provider committed to operational excellence, customer satisfaction, and long-term value creation for all stakeholders.
