A chartered accountant by profession, in his previous tenures, Sarkari, set up the business and organisation of UPS in India, and was its managing director and country head till 2010, before he joined Mahindra Logistics. Founded in 1989, Gati, has a nationwide network of 735 districts and more than 19,800 pin codes.
Allcargo is the promoter and the single largest shareholder of Gati with 47% ownership, followed by KWE with about 3.5% shares in the company. Gati-Kintetsu Express Private Limited (Gati-KWE) is a Joint Venture between Gati and Kintetsu World Express (KWE) where KWE holds 30% stake in Gati-KWE and Gati holds the remaining 70%. Key business verticals of Gati include express distribuation, air freight and ecommerce.
Allcargo last month end announced its its wholly owned subsidiary ECU Worldwide, a multi-modal logistics major, acquired the business of Swedish logistics company Nordicon Group. Before that, Gati sold its cold chain business Gati Kausar to Mandala Capital which increased its stake from 30% to more than 99%.
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