Allcargo Gati Ltd Explained

Allcargo Gati Limited
Type:Public
Traded As:
    Industry:
    Founder:Mahendra Kumar Agarwal [1]
    Hq Location City:Hyderabad, Telangana
    Hq Location Country:India
    Num Locations:1300 remote locations through 340 branches
    Num Locations Year:2022
    Area Served:India
    Revenue: [2]
    Owner: [3]
    Num Employees:537
    Num Employees Year:2024[4]

    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.

    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]

    Notes and References

    1. News: Gati Founder and MD Mahendra Agarwal resigns . The Economic Times . 2022-09-20.
    2. Web site: Annual Report 2021-22 . live . https://web.archive.org/web/20220920131514/https://www.bseindia.com/bseplus/AnnualReport/532345/74638532345.pdf . September 20, 2022 . September 20, 2022 . PDF.
    3. Web site: MarketScreener . GATI LIMITED : Shareholders Board Members Managers and Company Profile INE152B01027 MarketScreener . 2022-09-20 . www.marketscreener.com . en.
    4. Web site: Business Responsibility and Sustainability Report . 2024-09-16 . BSE India.
    5. News: Gati plans more investment in warehouses. Press Trust of India. 2009-02-08. Business Standard India. 2017-10-10.
    6. Web site: Gati to set up joint venture with Japan's Kintetsu World Express - Livemint. www.livemint.com. 13 February 2012. 2017-10-10.
    7. News: Gati to make e-commerce foray. Kurmanath. K V. 2015-12-08. The Hindu Business Line. 2017-10-10. en.
    8. News: Mr. Shetty takes over as Gati Ltd. Chairman.
    9. Web site: Gati Courier Ltd. 13 February 2015. en-US. 2017-10-10.
    10. Book: Sampler, Jeffrey L.. Bringing Strategy Back: How Strategic Shock Absorbers Make Planning Relevant in a World of Constant Change. 2014-10-28. John Wiley & Sons. 9781118830079. en.
    11. Web site: Singh . Shweta . 2024-04-30 . Top 10 Logistics Companies in India at the Forefront of the Logistics and Supply Chain Industry 2024 . 2024-09-21 . The CEO Magazine India . en.
    12. News: December 13, 2023 . Govt plans to take PM Gati Shakti global, starting with India’s neighbours . Mint.
    13. Web site: 2011-03-01 . Gati starts road cargo service to Bangladesh . 2024-09-21 . BusinessLine . en.
    14. Web site: Indian logistics industry set to take giant leaps. CIO.in. CIO India. en. 2017-10-21.
    15. News: Gati to form JV with KWE of Japan. 2012-02-13. The Hindu. 2017-10-21. en-IN. 0971-751X.
    16. Web site: GATI TO SET UP JOINT VENTURE WITH JAPAN'S KINTETSU WORLD EXPRESS. livemint.com. 13 February 2012. en. 2017-10-10.
    17. News: Gati Q1FY18 consolidated net profit rises 258.8% yoy. indiainfoline.com. 2017-10-21.
    18. Web site: June 9, 2023 . Allcargo Logistics completes acquisition of 30% stake in Gati subsidiary .
    19. News: Gati to return to profitability next quarter: Allcargo Logistics. The Economic Times. 2021-05-08.
    20. Web site: Allcargo-Gati-Limited-Name-Change. . 2024-09-16.

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