A courier business has good potential in India. It is one of the fastest growing businesses in India. And the rise in the e-commerce industry has also helped the courier business industry to grow further incredibly. A courier agency business in India is aimed to provide a complete solution to deliver goods across the country. It aims at connecting people around the country. And the emergence of technology in the industry has also made it each and convenient to deliver parcels on time and also track the progress. Let’s take a look at the courier business in India in 2018.
Courier Business Market in 2018
As of 2018 records, there were approximately 2300 courier businesses in India. And the Indian courier business is estimated at Rs. 14,000 crores. In a nutshell, the courier industry is a small but significant segment of the logistics industry. So, the industry can be termed as the fastest growing segment. So, the industry is expected to grow to Rs. 20,000 crores in the next three years at 17% per annum.
Checklist to Starting Courier Company
To start a courier business in India, the small business owner can either start his own company or take the franchise from a reputed courier company. If you start to place your own company, then raising funds is very important, either from investors or to avail business loans for courier services.
Find investors from different sources. It is advisable to keep steady money in hand as you may require it at any time.
No matter what the size of the company is, it is always recommended it legalize it – a Private Limited Company.
Register for service tax. It is important to pay service tax and therefore, registration is also important.
Building a great network is important. It helps in bringing.
A single person cannot handle the entire business. So, build a team and provide them training as well as service quality.
Many interested business owners search for how to start a courier business in India. However, it is important to first decide whether to start own brand or take franchise of another. And then it is important to have enough funds.