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Allcargo’s Transindia Real Estate to divest logistics parks to Blackstone
7 Jun 2023 8:30 PM ISTAs a result of these divestments, Transindia Real Estate, the recipient of the cash proceeds, will receive over ₹400 crore.
Gati, Schneider Electric partner for green express logistics solutions
29 May 2023 3:26 PM ISTGati starts deploying co-branded alternate fuel vehicles for pick-up and deliveries.
Allcargo consolidates position in contract logistics; buys out partner’s 39% stake
6 March 2023 6:36 PM ISTCompany board approves exit from non-core clearance business, selling entire stake held in the entity. Deal will set path ahead for synergies with...
ECU Worldwide appoints Jitesh Shetty as global head of ECU 360
10 Feb 2023 12:56 PM ISTIn this role, he will report to Vaishnav Shetty, chief digital officer of the Allcargo Group.
Allcargo expands in Germany through 75% stake acquisition in Fair Trade
12 Jan 2023 4:29 PM ISTFair Trade GmBH has been a major player in the consolidation segment in Germany, handling cargo movement across Europe-Asia, Europe-Latin America, and...
Allcargo Logistics' profit up 165%, revenue up 65% to ₹5,675 cr in Q1
11 Aug 2022 3:50 PM ISTIt reports a sustained revenue increase from the digital platform ECU360, which accounts for 60% of export bookings across markets.
Allcargo appoints Kapil Mahajan as chief information, technology officer
19 July 2022 1:28 PM ISTBefore joining Allcargo Logistics, he worked with Safexpress as Group CIO for over five years.
Allcargo revenue grows 91% to ₹20,000 cr; reports ₹1,516 cr EBITDA
27 May 2022 3:55 PM ISTProfit before tax stood at ₹1,186 crore, including ₹ 81 crore share of profit from associates and JVs.
J M Baxi to acquire Allcargo's project forwarding & logistics business
31 March 2022 12:39 PM ISTIt has also provided a binding offer to Lift and Shift India, to acquire its heavy and over-dimension cargo business.
Allcargo Logistics quarterly revenue grows 115% to ₹5869 crore
14 Feb 2022 3:11 PM ISTAllcargo Logistics reported revenue of ₹5,869 crore for the quarter and EBITDA stood at ₹505 crore for the third quarter ended December 31, 2021.
Gati appoints former Mahindra Logistics chief Pirojshaw Sarkari as CEO
10 Aug 2021 1:35 PM ISTAugust 10, 2021: The Allcargo group company Gati announced the appointment of Pirojshaw Sarkari as its CEO.