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Logistics, Small Cap

Delhivery announced that the Hon'ble National Company Law Tribunal (NCLT), New Delhi has approved the Scheme of Amalgamation (Scheme) for merger of Spoton Logistics (SLPL/ Transferor Company-1) and Spoton Supply Chain Solutions (SSCSPL / Transferor Company-2), collectively referred as ?Transferor Companies? into and with Delhivery (Company/Transferee Company) vide its order dated 20 March 2026.

The Appointed Date of the Scheme is 01 April 2025. The Scheme shall come into effect, upon filing of certified true copy of the order with the Registrar of Companies.

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Delhivery announced that it is advancing the development of digital mapping solutions tailored specifically to Bharat's complex geography and unique addressing systems with NVIDIA AI.

Announced at the India AI Summit, Delhivery aims to leverage NVIDIA accelerated computing, NVIDIA CV-CUDA, and NVIDIA Nemotron open models to design highly accurate, scalable and locally relevant maps to support India's growing digital economy by unlocking the potential of Delhivery's petabytes of proprietary data accumulated over several years. Key capabilities being evaluated include address disambiguation to distinguish between phonetically similar addresses and localities, contextual inference to decipher unstructured descriptions, and predictive sequencing to optimize last-mile routes in dense, unplanned urban areas.

India's geographic diversity, rapid urbanization and unique addressing systems present a distinct challenge for conventional mapping tools built for other nations. Addresses in the Indian subcontinent are often unstructured, relying heavily on community landmarks, variable sequencing, and local vernacular rather than standardized global coordinates. Through this collaboration, Delhivery aims to harness NVIDIA's open models to tackle critical hurdles unique to India.

?Bharat needs mapping solutions that operate at scale and can understand the pulse of its streets. Standard global mapping tools often struggle with nuances of Indian addresses. By combining Delhivery's dataset of billions of shipments with NVIDIA's accelerated computing, we are exploring a location intelligence layer to power India's digital growth,? said Kapil Bharati, Co-founder & Chief Technology Officer, Delhivery.

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The company will deploy EVs across North East India, Bengaluru, and Hyderabad, marking a significant step in the company?s roadmap to scale green logistics.

The collaboration introduces a specialized EV-as-a-Service leasing model designed to accelerate the transition for Delhivery?s delivery partners. By eliminating high upfront costs and technical barriers, the model ensures that the shift to an electrified last-mile ecosystem is both operationally seamless and financially lucrative for the gig workforce.

This partnership signals a move toward a nationwide, systematic replacement of traditional internal combustion engine (ICE) vehicles. The initiative follows a successful pilot in Delhi-NCR and Bengaluru, where the transition to RIDEV?s electric two-wheelers resulted in the reduction of 4,260 Kg of CO2 and lowering daily operational costs for riders by more than 50%.

Following the current rollout, a phased expansion is planned for major hubs, including Mumbai, Pune, Chennai, and Goa, aiming to eliminate tailpipe emissions and align with India?s PM E-DRIVE objectives for a cleaner transportation future.

Prashant Gazipur, senior vice president of last mile operations at Delhivery, said, ?Electrification is a fundamental shift in our approach to last-mile logistics, our partnership with RIDEV is a transformative step in our journey toward sustainable last-mile operations. By providing our delivery partners with a low-friction entry into electric mobility, we are not only advancing our carbon neutrality goals but also significantly enhancing the economic well-being of our riders through reduced operational overheads,

Manish Kumar Jain, founder, RIDEV, said, ?Integrating our tech-backed fleet into Delhivery?s network accelerates the transition to green logistics while simplifying daily work for the gig economy, our platform allows riders to focus on performance while we manage the complexities of energy and maintenance.?

Delhivery is India's largest fully-integrated logistics services provider. With its nationwide network covering over 18,850 pin codes, the company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services.

The company?s consolidated net profit jumped 58.5% to Rs 39.61 crore on 17.9% increase in revenue from operations to Rs 2,804.99 crore in Q3 FY26 over Q3 FY25.

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Net profit of Delhivery rose 58.50% to Rs 39.61 crore in the quarter ended December 2025 as against Rs 24.99 crore during the previous quarter ended December 2024. Sales rose 17.94% to Rs 2804.99 crore in the quarter ended December 2025 as against Rs 2378.30 crore during the previous quarter ended December 2024.

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