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After ‘I do’ from Gati, Allcargo has a tough task ahead. Hint: Mix two DNAs and rebuild what’s lost.

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Logistics

After ‘I do’ from Gati, Allcargo has a tough task ahead. Hint: Mix two DNAs and rebuild what’s lost.

With 46.84% stake in Gati, Allcargo wants to become India’s largest multi-modal logistics player. But the integration will be easier said than done, as the two companies have completely different DNAs. More importantly, the future of the union will rest on turning around Gati’s fortunes, which have been going downhill for the last few years.
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taslima-khan1
21 Jul 2020 10 Mins Read 0 comment
Shashi Kiran Shetty, chairman and managing director, Allcargo Global Logistics. Getty Images
Shashi Kiran Shetty, chairman and managing director, Allcargo Global Logistics.
“As in the case with marriage, business acquisitions often deliver surprise after the 'I do's.” – Warren Buffett In April, when Allcargo Logistics, a leader in global port services, scooped up 46.84% stake in Gati for INR416 crore, the proposition was very clear – to become one of the largest multi-modal logistics players in India and
Will that be a turnaround in the true sense?” asks a company insider. Express logistics has become an increasingly competitive market in the last five years, with PE-funded companies such as Delhivery and Rivigo spreading their wings. Turning around Gati may be a more uphill task than it seems. ( Graphics by Sadhana Saxena)
“As in the case with marriage, business acquisitions often deliver surprise after the 'I do's.” – Warren Buffett In April, when Allcargo Logistics, a leader in global port services, scooped up 46.84% stake in Gati for INR416 crore, the proposition was very clear – to become one of the largest multi-modal logistics players in India and Will that be a turnaround in the true sense?” asks a company insider. Express logistics has become an increasingly competitive market in the last five years, with PE-funded companies such as Delhivery and Rivigo spreading their wings. Turning around Gati may be a more uphill task than it seems. ( Graphics by Sadhana Saxena)

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