Allcargo Gati Ltd

Last updated

Allcargo Gati Limited
Company type Public
ISIN INE152B01027
Industry
Founded1989;36 years ago (1989)
FounderMahendra Kumar Agarwal [1]
Headquarters
Hyderabad, Telangana
,
India
Number of locations
1300 remote locations through 340 branches (2022)
Area served
India
Key people
Revenue
  • Increase2.svg₹1,505.24 crore (US$170 million) (2022)
  • ₹1,324.65 crore (US$150 million) (2021)
[2]
  • Increase2.svg₹49.69 crore (US$5.7 million) (2022)
  • ₹37.56 crore (US$4.3 million) (2021)
[2]
  • Increase2.svg₹−4.43 crore (US$−510,000) (2022)
  • ₹−245.93 crore (US$−28 million) (2021)
[2]
Total assets
  • Decrease2.svg₹681.27 crore (US$79 million) (2022)
  • ₹714.45 crore (US$83 million) (2021)
[2]
Owner
[3]
Number of employees
537 (2024 [4] )
Subsidiaries
  • Gati-Kintetsu Express Pvt Ltd.
  • Gati Kausar India Ltd.
  • Gati Import Export Trading Limited
  • Gati Asia Pacific Pte. Ltd.
Website www.gati.com

Allcargo Gati Limited is an Indian logistics company headquartered in Hyderabad, Telangana. [5] [6] [7] It engages in surface and air express logistics, warehousing, supply chain, air freight, and e-commerce services. Founded in 1989, Gati first started operations between Madras (now Chennai) and Madurai.

Contents

In 2020, it was acquired by Allcargo Logistics. Shashi Kiran Shetty, chairman and founder of Allcargo Logistics Ltd., currently serves as the chairman. [8] Gati is listed on the National Stock Exchange and Bombay Stock Exchange.

History

Early history

Gati was founded in 1989 and began providing same-day courier and distribution services and courier management between Chennai and Madurai. The company expanded to Hyderabad, Bangalore (now Bengaluru), Chennai and Hosur within the same year. [9]

It became the first company in India to start providing the delivery date on the docket and started offering a money back guarantee. [10] The company was incorporated in 1995 as Gati Corporation Ltd.

1996–2000

Introduced 3PL in India [11]

Began offering multi-modal services, courier services and international operations to SAARC countries [12] [13]

2001–2008: Growth and expansion

Launched Vehicle Tracking System, a centralised computer system to manage people, packages and vehicles in real time

Created a centralized call centre in Nagpur. [14]

2009–2012

Gati signed a joint venture agreement with Kintetsu World Express for their express distribution and supply chain business to form Gati–KWE, which is a subsidiary of Gati. [15] [16]

Introduced its e-commerce logistics services [17]

2020-2023

Acquired by Allcargo Logistics [18] [19]

In October 2023, the company name was changed to Allcargo Gati. [20]

References

  1. ↑ "Gati Founder and MD Mahendra Agarwal resigns". The Economic Times. Retrieved 20 September 2022.
  2. 1 2 3 4 "Annual Report 2021-22" (PDF). Archived (PDF) from the original on 20 September 2022. Retrieved 20 September 2022.
  3. ↑ MarketScreener. "GATI LIMITED : Shareholders Board Members Managers and Company Profile | INE152B01027 | MarketScreener". www.marketscreener.com. Retrieved 20 September 2022.
  4. ↑ "Business Responsibility and Sustainability Report" (PDF). BSE India. Retrieved 16 September 2024.
  5. ↑ "Gati plans more investment in warehouses". Business Standard India. Press Trust of India. 8 February 2009. Retrieved 10 October 2017.
  6. ↑ "Gati to set up joint venture with Japan's Kintetsu World Express - Livemint". www.livemint.com. 13 February 2012. Retrieved 10 October 2017.
  7. ↑ Kurmanath, K V (8 December 2015). "Gati to make e-commerce foray". The Hindu Business Line. Retrieved 10 October 2017.
  8. ↑ "Mr. Shetty takes over as Gati Ltd. Chairman".
  9. ↑ "Gati Courier Ltd". 13 February 2015. Retrieved 10 October 2017.
  10. ↑ Sampler, Jeffrey L. (28 October 2014). Bringing Strategy Back: How Strategic Shock Absorbers Make Planning Relevant in a World of Constant Change. John Wiley & Sons. ISBN   9781118830079.
  11. ↑ Singh, Shweta (30 April 2024). "Top 10 Logistics Companies in India at the Forefront of the Logistics and Supply Chain Industry 2024". The CEO Magazine India. Retrieved 21 September 2024.
  12. ↑ "Govt plans to take PM Gati Shakti global, starting with India's neighbours". Mint. 13 December 2023.
  13. ↑ "Gati starts road cargo service to Bangladesh". BusinessLine. 1 March 2011. Retrieved 21 September 2024.
  14. ↑ CIO.in. "Indian logistics industry set to take giant leaps". CIO India. Retrieved 21 October 2017.
  15. ↑ "Gati to form JV with KWE of Japan". The Hindu. 13 February 2012. ISSN   0971-751X . Retrieved 21 October 2017.
  16. ↑ "GATI TO SET UP JOINT VENTURE WITH JAPAN'S KINTETSU WORLD EXPRESS". livemint.com. 13 February 2012. Retrieved 10 October 2017.
  17. ↑ indiainfoline.com. "Gati Q1FY18 consolidated net profit rises 258.8% yoy" . Retrieved 21 October 2017.
  18. ↑ "Allcargo Logistics completes acquisition of 30% stake in Gati subsidiary". 9 June 2023.
  19. ↑ "Gati to return to profitability next quarter: Allcargo Logistics". The Economic Times. Retrieved 8 May 2021.
  20. ↑ "Allcargo-Gati-Limited-Name-Change" (PDF). Retrieved 16 September 2024.
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