Allcargo Gati Ltd

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.

Allcargo Gati Limited

Company type	Public
Traded as	BSE: 532345 NSE: GATI
ISIN	INE152B01027
Industry	Logistics Supply chain management
Founded	1989; 36 years ago (1989)
Founder	Mahendra Kumar Agarwal [1]
Headquarters	Hyderabad, Telangana , India
Number of locations	1300 remote locations through 340 branches (2022)
Area served	India
Key people	Shashi Kiran Shetty (Chairman and Managing Director) Pirojshaw Sarkari (CEO) Anish Mathew (CFO)
Revenue	₹1,505.24 crore (US$180 million) (2022) ₹1,324.65 crore (US$150 million) (2021) [2]
Operating income	₹49.69 crore (US$5.8 million) (2022) ₹37.56 crore (US$4.4 million) (2021) [2]
Net income	₹−4.43 crore (US$−520,000) (2022) ₹−245.93 crore (US$−29 million) (2021) [2]
Total assets	₹681.27 crore (US$80 million) (2022) ₹714.45 crore (US$83 million) (2021) [2]
Owner	Allcargo Logistics (47.3%) Mukul Mahavir Agrawal (5.12%) Kintetsu Group Holdings (3.52%) [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

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]