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Gati Ltd
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| Traded as | |
|---|---|
| ISIN | INE152B01027 |
| Industry | |
| Founded | 1989 |
| Headquarters | , India |
Area served | India |
Key people | Shashi Kiran Shetty (Chairman) |
| Revenue |  ₹1,711 crore (US$240 million) (2019-20) |
| Subsidiaries | Gati-Kintetsu Express Pvt Ltd. Gati Kausar India Ltd. |
Gati Ltd. is an Indian logistics company, headquartered in Hyderabad, Telangana.[1][2][3] It offers surface and air express logistics, warehousing and supply chain, air freight and e-commerce services. Gati has offices in all major states of India. Gati was founded in 1989 and first started operations between Madras (now Chennai) and Madurai.
In 2020, it was acquired by Allcargo Logistics and Shashi Kiran Shetty, CMD, Allcargo Logistics Ltd., currently serves as the chairman.[4] Gati is listed on the National Stock Exchange and Bombay Stock Exchange.
History[edit]
Early history[edit]
Gati began in 1989 and started 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.[5]
It became the first company in India to start providing the delivery date on the docket and started offering a money back guarantee.[6] The company was incorporated in 1995 as Gati Corporation Ltd.
1996–2000[edit]
Introduced 3PL in India
Began offering multi-modal services, courier services and international operations to SAARC countries
2001–2008: Growth and expansion[edit]
Launched Vehicle Tracking System, a centralised computer system to manage people, packages and vehicles in real time
Created a centralized call centre in Nagpur.[7]
2009–2012[edit]
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.[8]
Introduced its e-commerce logistics services [9]
2020[edit]
Strategic acquisition by Allcargo Logistics and Gati's transition into An Allcargo Company [10]
GATI-KWE[edit]
Gati-Kintetsu Express Private Limited (Gati-KWE) is a Joint Venture between Gati and Japan's Kintetsu World Express (KWE) where KWE holds 30% stake in Gati-KWE and Gati holds the remaining 70%.[11]
References[edit]
- ↑ "Gati plans more investment in warehouses". Business Standard India. Press Trust of India. 8 February 2009. Retrieved 10 October 2017.
- ↑ "Gati to set up joint venture with Japan's Kintetsu World Express - Livemint". www.livemint.com. 13 February 2012. Retrieved 10 October 2017.
- ↑ Kurmanath, K V (8 December 2015). "Gati to make e-commerce foray". The Hindu Business Line. Retrieved 10 October 2017.
- ↑ "Mr. Shetty takes over as Gati Ltd. Chairman".
- ↑ "Gati Courier Ltd". 13 February 2015. Retrieved 10 October 2017.
- ↑ 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.
- ↑ CIO.in. "Indian logistics industry set to take giant leaps". CIO India. Retrieved 21 October 2017.
- ↑ "Gati to form JV with KWE of Japan". The Hindu. Special Correspondent. 13 February 2012. ISSN 0971-751X. Retrieved 21 October 2017.
{{cite news}}: CS1 maint: others (link) - ↑ indiainfoline.com. "Gati Q1FY18 consolidated net profit rises 258.8% yoy". Retrieved 21 October 2017.
- ↑ "Gati to return to profitability next quarter: Allcargo Logistics". The Economic Times. Retrieved 8 May 2021.
- ↑ "GATI TO SET UP JOINT VENTURE WITH JAPAN'S KINTETSU WORLD EXPRESS". livemint.com. 13 February 2012. Retrieved 10 October 2017.