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After graduating as a Mechanical Engineer, Arham
joined his family business involved in trading in WHAT IS THE
2018. And that’s where the foundation of Trucknetic
was laid. A social entrepreneur turned investment COMPANY’S
banker, Arham has been selected for prestigious
fellowships such as Indo-German YLF, Indo-Swiss CURRENT OUTREACH
FLF, IDEX Global, World Merit, ALS (University of
Chicago). Furthermore, he has done the Entrepre- ACROSS THE
neurship program- leading change through innova-
tion from Stanford University. An active member of DOMESTIC MARKET?
Young Indian (CII) and TIE Delhi, Arham also chairs
as the Managing Director of Apeejay Overseas.
Here, we share his story; how Trucknetic is chal- We have posted a turnover
lenging the status quo in the logistics industry; and
the roadmap towards the future. of ~USD 2.2 Mn since Dec’19
HI ARHAM, COULD YOU PLEASE GIVE US A SUMMARY with ~USD 150,000 being the
OF WHAT HAS BEEN YOUR JOURNEY IN ENTREPRE-
NEURSHIP WITH TRUCKNETIC? monthly recurring revenue.
I come from a business family where my father is
the first generation entrepreneur who has set up We have been associated with
a trading business 35 years ago. He started with
chemicals then moved to different fuels and then more than 150 odd carriers
other commodities. Trucking is an integrated
service in trading. (fleet owners and transporters)
and more than 40 shippers
I joined the family business in early 2018 and soon
encountered a lot of challenges around trucking (corporates, small-medium
where we were working on a model of using
our trucks and outsourcing it from the market. enterprises and traders). We
Following a conversation with my dad and his team,
we unearthed other problems as well. Further, I have done close to ~1500 trips
discussed the burgeoning challenges with other to date with 11, 82,000 km of
stakeholders involved around trucking such as fleet
owners, transporters, brokers, shippers, end-cus- movement and transported
tomers etc.
60,000 MT of different
Also, on the personal front, being in the trading
industry, we faced issues related to road transpor- commodities.
tation. For carriers (fleet owners) the single most
challenge that they wanted to get rid of was the
unavailability of return-load (backhaul) and for ship- Moving ahead, we have
pers, it was the unavailability of trucks for a partic-
ular lane at a particular time. cumulated a verified database
That’s how I conceptualized Trucknetic. Today of 50,000+ fleet owners which
we are addressing both of these challenges while we will be registering on our
reducing the carbon footprint and bringing down
the cost of logistics. application by the end of the
Today, we enjoy domain expertise not only among year. We also have a potential
carriers or shippers but also among other stake-
holders involved in the supply chain as well. I can monthly order book of the north
conclude that we have so far donned all the hats of 50,000 MT, which we will be
in our family business, as and when required. Our
personal experience being both carriers and ship- able to achieve from Mar’22.
pers has shaped the journey of Trucknetic very well.
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