India Cold Chain Logistics Companies: Leaders, Top & Emerging Players and Strategic Moves

In India's cold chain logistics, companies such as Snowman Logistics Ltd, ColdEx Logistics Pvt Ltd, and TCI Express Ltd compete by investing in advanced storage, expanding network reach, and offering custom services. Analyst insight reveals growing use of tech and tailored logistics to capture clients across pharma and food sectors. For the entire analysis, see our India Cold Chain Logistics Report.

KEY PLAYERS
Snowman Logistics Ltd ColdEx Logistics Pvt Ltd TCI Express Ltd DHL Supply Chain India Mahindra Logistics Ltd
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Top 5 India Cold Chain Logistics Companies

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    Snowman Logistics Ltd

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    ColdEx Logistics Pvt Ltd

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    TCI Express Ltd

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    DHL Supply Chain India

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    Mahindra Logistics Ltd

Top India Cold Chain Logistics Major Players

Source: Mordor Intelligence

India Cold Chain Logistics Companies Matrix by Mordor Intelligence

Our comprehensive proprietary performance metrics of key India Cold Chain Logistics players beyond traditional revenue and ranking measures

Revenue rankings can understate capability, because temperature controlled performance depends on validated assets, trained teams, and exception handling discipline, not only total billing. This MI Matrix often gives more weight to indicators like multi site footprint, audited operating routines, cold room and fleet readiness, and pace of new service launches since 2023. Many buyers also want a simple answer on who can support pharma grade lanes in India and who can cover multi temperature food distribution across several regions. The most practical way to screen providers is to confirm monitoring, backup power, and documented handoffs, then match that to the lanes you actually ship. The MI Matrix by Mordor Intelligence is better for supplier and competitor evaluation than revenue tables alone because it reflects execution signals that show up in daily service reliability.

MI Competitive Matrix for India Cold Chain Logistics

The MI Matrix benchmarks top India Cold Chain Logistics Companies on dual axes of Impact and Execution Scale.

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Analysis of India Cold Chain Logistics Companies and Quadrants in the MI Competitive Matrix

Comprehensive positioning breakdown

Snowman Logistics Ltd

Capacity discipline matters more than publicity in temperature controlled storage, and Snowman keeps expanding while watching unit economics closely. Operating as a top operator in India, it highlighted new facility commissioning in Lucknow and continued network build out while quarterly profitability stayed volatile. GDP audits and food safety checks push it toward stronger monitoring and documented SOPs, which can deepen pharma and QSR trust. If seafood export volumes rebound, higher utilization could quickly lift margins, yet power reliability and energy cost spikes remain a core downside. Execution strength is clear, but the near term risk is cost creep during rapid site additions.

Leaders

ColdEx Logistics Pvt Ltd

Delivery intensity defines ColdEx more than square footage. This major player is described as operating across 210 cities with multi temperature distribution centers and very high drop density, which fits QSR and foodservice replenishment needs. Compliance pressure shows up in tighter route discipline, temperature logs, and fewer handoffs, since a single excursion can trigger claims and delistings. If quick commerce expands into more tier 2 cities, ColdEx can convert volume into contracted lanes, but driver availability and reefer uptime could become the limiting factor. The key weakness is dependence on consistent fleet maintenance at scale.

Leaders

DHL Supply Chain India

India investment cycle is now the headline signal for DHL, not incremental site tweaks. The leading service provider announced a sizable India program through 2030, including a first DHL Health Logistics hub for Supply Chain India in Bhiwandi. For temperature controlled shippers, that implies stronger multi client design, tighter SOP governance, and better resilience planning. The upside is clear for life sciences lanes that need audit ready documentation and fewer temperature excursions. One plausible risk is that talent, not capex, becomes the bottleneck, because GDP compliance needs trained teams on every shift. If execution stays on schedule, DHL can set a higher bar for service reliability in India.

Leaders

Indicold Private Limited

Automation is not a slide deck concept at Indicold, and that changes how fast it can scale frozen throughput. This key participant announced a second fully automated frozen ASRS facility with about 10,000 pallet capacity and referenced an earlier automated site in Gujarat. Regulation and customer audits reward that automation, since fewer touches reduce excursion and contamination risk. If quick commerce and frozen foods surge, it can absorb volume without proportional labor growth, but commissioning risk is real for high bay systems. A practical threat is specialist talent shortages for controls and maintenance. The strategic moat is repeatable design once reliability is proven.

Leaders

CEVA Logistics (Stellar Value Chain Solutions Pvt Ltd)

Scale changed overnight in India when CEVA took control of Stellar's large facility base. The major player expanded its India contract logistics footprint through the Stellar transaction, cited as adding around 15 million square feet across more than 70 facilities and a large workforce. That reach supports multi city temperature controlled rollouts, but compliance still depends on site level SOP adherence and training. If CEVA standardizes validation and monitoring across acquired locations, it can improve service consistency quickly. Integration is the key risk, because uneven systems and culture can create hidden service variability. The upside is strong cross sell into pharma, retail, and omnichannel distribution.

Leaders

Frequently Asked Questions

What proof should I request to confirm temperature control performance?

Ask for recent temperature excursion logs, calibration records, and a written deviation and CAPA process. Also request a lane level SOP that covers loading docks and last mile handoffs.

How do I compare cold storage providers when pallet capacity looks similar?

Compare backup power design, response time to alarms, and how often chambers are mapped and revalidated. Also check whether FEFO rules are enforced in the WMS for relevant SKUs.

Which services reduce spoilage most for multi stop food distribution?

Cross dock design, disciplined dock scheduling, and continuous monitoring during loading reduce warm time. Route planning that avoids long dwell times often matters as much as reefer quality.

What matters most for vaccines and biologics logistics in India?

Focus on documented handling, qualified packaging, and clear escalation paths for delays or customs issues. Confirm the provider can support 28C and sub zero needs on the exact lanes you ship.

How should I structure a contract to avoid service drift after onboarding?

Define measurable SLAs for excursion rate, on time delivery, and response time to alarms. Add audit rights and require monthly KPI reviews with corrective actions for repeated failures.

What is the most common hidden risk in tier 2 and tier 3 nodes?

Power instability can cause repeated micro excursions that do not appear in basic summary reports. Require real time monitoring evidence and confirm generator testing cadence and fuel readiness.


Methodology

Research approach and analytical framework

Data Sourcing & Research Approach

We used company investor materials, filings, and official sites where available, then triangulated with reputable business journalism. This works for both listed and private firms. We focused on India specific facilities, services, and launches since 2023. When direct financial splits were not disclosed, we relied on observable capacity and contract signals.

Impact Parameters
1
Presence

Counts India cold rooms, reefer reach, and usable nodes near ports, pharma clusters, and QSR consumption zones.

2
Brand

Reflects trust among pharma QA teams and food safety buyers who require audits, SOPs, and proof of temperature control.

3
Share

Uses India scale proxies like DC count, pallet positions, reefer fleet density, and repeatable contracted lanes.

Execution Scale Parameters
1
Operations

Scores validated multi temperature warehousing, backup power design, technician depth, and on time handling at docks.

2
Innovation

Rewards automation, monitoring, route planning, and new India facility launches since 2023 for frozen, chilled, and controlled ambient.

3
Financials

Estimates profitability and resilience of the India temperature controlled activity using disclosed results and observable investment signals.