February 16, 2021 Rohan Mittal, Chief Financial and Transformation Officer, Gati Ltd× Move aimed at focussing solely on the core business of surface express logistics Express logistics company Gati Ltd — majority owned by Allcargo Logistics Ltd — has accelerated debt reduction by selling non-core assets to focus solely on its core business of surface express that includes road and air transportation. Over the last few months, Gati has reduced its debt by 70 per cent in the standalone entity, shut down three non-profitable businesses, reduced direct costs by about 15 per cent in its flagship subsidiary and initiated monetisation of non-core assets. Making full use of the tax amnesty scheme launched by the Centre, Gati has reduced its contingent liabilities by more than 75 per cent. The company has also shut down its freight forwarding business, Gati Cargo Express (Shanghai) Co Ltd and Gati Import Export Trading Limited.