Gati to Raise INR 120 Cr for Expansion of E-Commerce Logistics

Image Source: Gati

Image Source: Gati

Indian distribution and supply chain solutions provider, Gati plans to raise INR 120 crore for expansion of e-commerce business. “This is primarily for e-commerce expansion and also for FCCB (Foreign Currency Convertible Debentures) settlement depending up on the final outcome of court process and RBI response,” Gati’s CFO Sanjeev Jain said.

The company’s revenue for the October-December 2014 quarter stood at INR 428 crore against INR 374 crore during same period in the previous year. “Our performance for the third quarter has been good and ends 2014 as a milestone year in our path to achieve high levels of excellence.

“In the e-commerce segment, we continue to perform extremely well and remain confident of sustaining these high growth levels in the coming quarters as well,” Gati Limited’s founder and CEO Mahendra Agarwal said.

Since 1989, Gati offers an integrated express distribution and customized supply chain solutions to customers in different industry verticals.

The company also has a market presence in the Asia Pacific region and other SAARC countries. It is competing with other e-commerce logistics companies like HoliSol, Delhivery, GoJavas, Dotzot and most of all India Post which caters to the maximum number of pin codes in the country.

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  • PSK

    & one more misquote. What do u mean to say that India Post(Speed Post) covers max Pin codes? Cmon man we are the inventor of PIN(Postal Index No) any place in India will get a PIN once a Branch/Sub Post Office Opens there & all these private couriers are operating in the jurisdiction of a particular PIN. So it is quite obvious that wherever there is a Post Office(virtually everywhere in India) we’ll operate & its the wish of Gati or some other bloody shit whether they want to operate or not.

  • PSK

    All these companies be it Gati,Flipkart,GoJavas or whatevee it is they’re sjust hiring & firing as per their requirements.. Other than top level exexutives remaining are seem to be doing just a simple part time job..Compare to us,we in India Post are operating since 1774 & not even a single day since then any of its employee has been denied salary/pensionary benefits . so your quote that Gati & India Post seems to be competitor to each other requires a little more explanation. How can you even draw a similarity between these two?