Premier Corporate Services Pvt. Ltd. on incorporation took over the business of Corporate Couriers a proprietory firm. Corporate Couriers became the first division of PCSPL. In the year 1991 the Company added a new division in the name of Premier Express to handle express parcel service. It was followed by the formation of another division called Corporate Distribution Service to handle C & F warehousing anddistribution. The Company thereafter set about improving its infrastructure by upgrading its facilities for its various divisions. The Company could effectively upgrade its facilities after completion of its own office building near the domestic airport at Bombay called Corporate Manor. The Company was one of the earliest subscribers and is an extensive user of I-Net a public data switching exchange set up by DOT in the country. The persistent efforts of the Company paid rich dividends when in Sept. 1992 TNT Express Worldwide a global giant intransportation appointed the Company's Courier division Corporate Couriers as distribution agent in India. The relationship grew further and fructified into a ground distribution and licensing arrangement and the Company becoming a joint venture partner in TNT Express Worldwide (India) Pvt. Ltd. The Company is represented on the Board of TNT Express Worldwide (India) Pvt. Ltd. by Mr. T.Raghavan Sarathy. TNTExpress Worldwide has nominated Mr. Richard Davis as a Director on the Board of the Company.

The Company was converted into a Public Limited Company by passing a Special Resolution at an Extra-ordinary General Meeting held on September 10 1994 under the provisions of Sections 31 and 44 of the Companies Act 1956 by amending its Articles of Association. A Certificate to this effect was obtained from Registrar of Companies Maharashtra at Bombay. Subsequently the name of the Company was changed to Corporate Couriers Limited by passing a Special Resolution under Section 21 of the Companies Act 1956 and a certificate to that effectwas obtained on October 5 1994 in order to be known by its trade name and to provide a true reflection of the nature of its activities. The registered office of the Company is located at Corporate Manor Vile Parle (E) Bombay 400 057.

There are no pending litigations disputes defaults to financial Institutions and Banks. There are no statutory dues or proceedings initiated against the Company. Claims arising during the normal course of business have been adequately provided for in the books of accounts of the Company.

2008