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Allcargo Logistics completes acquisition of 30% stake from KWE in Gati subsidiary
9 Jun 2023 10:56 AM GMTThe deal includes purchasing 1.3 lakh shares (26 percent) from KWE-Kintetsu World Express (S) and 20,000 shares (4 percent) from KWE Kintetsu Express...
Gati, Schneider Electric partner for green express logistics solutions
29 May 2023 9:56 AM GMTGati starts deploying co-branded alternate fuel vehicles for pick-up and deliveries.
Gati launches express bike transportation service across India
26 May 2023 6:37 AM GMTBike Express is available at an all-inclusive flat rate of ₹4000 for up to 150 cc and ₹4500 for above 150 cc.
Gati launches mega surface transhipment centre in Bhiwandi
6 April 2023 12:33 PM GMTEquipped with 61 bays capable of managing around 200 trucks/day, throughput capacity of approx. 150,000 tonnes/month
After Hyderabad, Gati to deploy last-mile EVs for IKEA in Bengaluru
15 March 2023 10:48 AM GMTEV deployment at Bengaluru IKEA comes after effective collaboration with IKEA’s store in Hyderabad. Gati also aims to fully convert its pickup and...
Allcargo consolidates position in contract logistics; buys out partner’s 39% stake
6 March 2023 1:06 PM GMTCompany board approves exit from non-core clearance business, selling entire stake held in the entity. Deal will set path ahead for synergies with...
Gati records highest ever quarterly revenue of ₹379 crore in Q3 FY2023
9 Feb 2023 1:12 PM GMTThe express logistics company’s EBITDA grew 89% in 9M FY23 YoY to ₹60 crore with tonnage growth of 20%.
Gati launches surface transhipment centres in Nagpur, Guwahati
23 Jan 2023 11:05 AM GMTThe company has plans to launch more STCs in Mumbai, Bengaluru and Hyderabad, as it aims to further strengthen its supply chain and warehousing...
BVC appoints Vipin Tokas as Chief Operating Officer
30 Nov 2022 11:15 AM GMTWith over 15 years of experience in leadership roles across the Indian startup ecosystem, Vipin will run several leadership functions and lead BVC's...
Gati Q2 revenue increases 9%, profit drops 83%
4 Nov 2022 11:00 AM GMTConsolidated revenue from operations for H12023 was up 26% to Rs 866 crore and net profit dropped 43% to Rs 14 crore
Allcargo Logistics' profit up 165%, revenue up 65% to ₹5,675 cr in Q1
11 Aug 2022 10:20 AM GMTIt reports a sustained revenue increase from the digital platform ECU360, which accounts for 60% of export bookings across markets.
Allcargo revenue grows 91% to ₹20,000 cr; reports ₹1,516 cr EBITDA
27 May 2022 10:25 AM GMTProfit before tax stood at ₹1,186 crore, including ₹ 81 crore share of profit from associates and JVs.