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Allcargo to sell up to 40% stake in Gati
Mint Chennai
|January 09, 2025
Allcargo Gati has done away with some of its non-core businesses to focus on growth and profitability
operations, contract logistics and logistics parks. Queries emailed to a spokesperson of the Allcargo group remained unanswered. Founded in 1989, Allcargo Gati provides connectivity across air, road, ocean and rail. It is present in over 650 districts covering around 19,000 pin codes.
It is engaged in express distribution, supply-chain management solution, e-commerce logistics, managed value-added transportation services, freight forwarding and cold chain logistics, a January 2024 note from Care Ratings said.
The company caters to clients across industrial segments such as general manufacturing products, computers & peripherals, auto components and pharma.
This story is from the January 09, 2025 edition of Mint Chennai.
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