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Gati Limited reports consolidated loss of Rs. 21.49 crores in Q1FY22

Gati Limited reports consolidated loss of Rs. 21.49 crores in Q1FY22
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Gati Ltd looks to shut two more businesses post cold chain exit


After exiting the cold chain business, express distribution company Gati Ltd is now looking to shed some more weight and is currently engaged in doing away with two more of its subsidiaries trading solution and freight forwarding businesses.
“We are amid closing down our Gati Import Export Trading Limited (GIETL) subsidiary which maintains the inventory for clients on its books. We have already dialed down all contracts under this entity and are in process of shutting down,” Bala Aghoramurthy, deputy managing director at Gati Ltd told Business Standard.
As per company’s FY20 annual report, GIETL is 0.67 percent of its consolidated net assets, which contributed a meager Rs 6.19 million to the total profits. ....

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GoodFirms Revealed the Latest List of Top Supply Chain & Logistics Companies for Varied Industries


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WASHINGTON, May 10, 2021 /PRNewswire/  The outbreak of the COVID-19 pandemic has transformed the business environment for varied organizations worldwide. Today, more than ever before, supply chain and logistics services are in demand to fulfill and quickly deliver or ship the items on time with the help of reliable and cost-effective means.
Supply chain and logistics have become critical factors for every business. It is playing the role of the backbone of global trade for transportation, warehousing, and inventory. These many industries are making a smart move by choosing the perfect partners for outsourcing logistics. ....

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