Unpacked: How does Delhivery make 19,000 pin codes work like clockwork?

Delhivery, India’s largest integrated logistics company, crossed ₹10,000 crore in revenue in FY26 and turned free cash flow positive for the first time, a CNBC-TV18 breakdown of its business shows. Built largely on e-commerce parcel delivery, the company is investing in robotics and artificial intelligence (AI) — including in-house tools that turn messy handwritten addresses into precise locations — to cut costs and speed deliveries. Investors are watching risks too: big customers building their own delivery networks, and early backer SoftBank steadily trimming its stake.