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Gati Ltd.

BSE: 532345 Sector: Services
NSE: GATI ISIN Code: INE152B01027
BSE 00:00 | 03 Feb 141.65 1.35






NSE 00:00 | 03 Feb 141.55 1.05






OPEN 145.00
VOLUME 164223
52-Week high 215.70
52-Week low 126.00
P/E 833.24
Mkt Cap.(Rs cr) 1,844
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 145.00
CLOSE 140.30
VOLUME 164223
52-Week high 215.70
52-Week low 126.00
P/E 833.24
Mkt Cap.(Rs cr) 1,844
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gati Ltd. (GATI) - Chairman Speech

Company chairman speech

To my dear Shareholders

It is the moment of truth and joy. I feel extremely happy to share our company'sperformance highlights for the financial year FY2021-22 with you.

The past year has been a year of recovery from a COVID-grappled world as things havefallen back to normalcy and have certainly changed the world's business dynamics. Despiteseveral challenges we have strongly held our ground and reinforced our forte in expressdistribution and customized solutions enabled by technology.

During the first quarter of FY22 our results were impacted due to the disruptionscaused by the third wave of COVID-19 in India. However we were successfully able to bringour performance up to speed and showed remarkable recovery and growth in the subsequentquarters.

For Gati FY22 has been a year of turnaround and transformation. As a customer-centricorganization we have leveraged the best in digital tools and technology as also enhancedcapabilities in terms of physical infrastructure to meet varied needs of our customersemployees and all other stakeholders.

I take great pride in sharing with you that our company has scaled greater businessheights of success in the past year. We are focused on serving all stakeholder needs withour trademark commitment to excellence and have created opportunities to generate higherrevenues for diverse business sectors as well as contribute to India's logistics growth.

Our Business Performance

Total consolidated revenue for FY 2021-22 stood at INR 1489 crores compared to INR1314 crores in FY2020-21. While the

Indian economy faced the impact of several global and domestic factors we have beenable to navigate business fluctuations factory shutdowns COVID-19 restrictions andprotocols to ensure movement of shipments across destinations delivering excellence. Ourcustomers and shareholders across diverse sectors continue to partner with us forcomprehensive express distribution e-commerce retail and air freight services that havethe widest direct reach covering more than 95% of India's geography.

Backed by the combined strengths of Allcargo Group we also give customers seamlessaccess to a range of integrated logistics services and a network operating in 180countries.

Powering India's bold ambitions

India's economy received a boost with the Government of India introducing new financialpolicies. The Make in India initiative and GST (and E-way Bill) have given the logisticsinfrastructure new support changing the entire outlook of the Indian economy through'Aatmanirbhar Bharat' directed to build a self-reliant and resilient India.

MSMEs are expected to be one of the biggest contributors to India's aspiration to growinto a USD 5 trillion economy. Supporting the same there has also been a rise inIndia-made domestic goods with the introduction of Production-Linked Initiative (PLI).

All these developments augur well for the logistics sector particularly expressdistribution which is critical for nationwide transportation and distribution of rawmaterials finished goods packaging and processing material seasonal goods and productsand more.

Constantly innovating and offering unique products that cater to varied surface and airexpress needs of multinationals MNCs MSMEs and even individual households helps usexplore various avenues to contribute to a new rising India.

Additionally the increasing opportunities in e-commerce rise in both consumption andmanufacturing in tier-2 and tier-3 towns create multiple opportunities for Gatiespecially with its expansive reach right into the country's hinterlands.

As a leading player looking ahead to strengthen its physical and digitalinfrastructure Gati is also in a position to align well with the PM Gati Shakti MasterPlan and facilitate integrated seamless connectivity for movement of goods from one modeof transport to another one destination to another with safety efficiency and reducedtransit times.

Transforming to support India's businesses

Project Avvashya in October 2020 was launched with an aim to redefine Gati increasegrowth and efficiency boost operations and sales process acceleration. Having achievedremarkable progress in this journey today we are more than well-equipped to helm thejourney of one of India's premier express distribution companies into a digital-firstcustomer-centric future-ready organization.

It has been the year of a noteworthy turnaround and the result of different strategicinitiatives and projects is visible in the organization's performance and outcome.

With Gati being an integral part of Allcargo Group customers stand to benefit fromintegrated logistics and excellence in International Supply Chain CFS-ICD contractlogistics logistics parks and other services that complement its express retail and airfreight offerings.

As the global leader in LCL consolidation with a network in 180 countries anddoor-to-door deliveries in more than 50 global markers Allcargo Group is an ideal partnerfor Gati's customers aspiring to explore business opportunities and markets worldwide.That today Allcargo Group ranks among the top 20 logistics companies in the world and hasemerged a market leader across key logistics spheres bodes extremely well for Gati aswell.

Embracing digitalization

Technology being the currency of tomorrow

Gati is preparing for the future by embracing digitalization today.

We are looking ahead to digitally-enabling our business with the best in tools andtechnologies that enhance efficiencies and deliver exceptional experiences to ourcustomers.

A number of tools like our Gati Genie chatbot digital payment solutions anorganization-wide ERP system robust tracking systems sophisticated software powered bySalesforce for CRM and automation are paving the way for seamless cargo movements tobolster businesses across the length and breadth of the country.

Launch of Gati's state-of-the-art STC

In December 2021 Gati launched its largest asset-light surface transhipment center(STC) at Farrukh Nagar spread over 1.5 lakh sq. ft. and connecting to all major nationalhighways. The hub has amplified handling capacities and at the same time increasedefficiencies through faster turnaround automation and centralization of activities.

With no inconveniences of congestion the STC has been designed in compliance withgreen norms. The facility has been equipped with capabilities to process short-haul cargodeliveries in North India and long-haul cargo movements on a pan-India spread.

Industry veterans to drive forward strides to market leadership

With an aim to intensely transform the business we have roped in senior executives andindustry veterans like Pirojshaw Sarkari (Phil) as Chief Executive Officer HuafreedNaswaranji as Chief Commercial Officer Anish Mathew as Chief Financial Officer CharlesDevlin D'Costa as Chief

Supply Chain Officer and many others with rich industry experience. Bringing inexpertise from within and outside the industry we have made a conscious move to bolsterGati's products services and customer experiences with innovation and ingenuity.

Further as part of Allcargo Group Gati stands to gain from our numerous group-wideinitiatives focused on IT and cybersecurity finance transformation diversitysustainability and more. Z

Gati is now India's Most Trusted Express Services-Domestic Brand 2022

It is a proud moment for all of us to have become one of the Most Trusted ExpressServices Brand in India - as recognized by TRA (A Comniscient Group Company). Ourunmatched delivery services through a network that spans the length and breadth of thecountry backed by an expert team and most importantly the trust and confidence of ourcustomers have helped us achieve this 'Power of Trust' certification.

Great place to work

"A great place to work is one in which you trust the people you work for havepride in what you do and enjoy the people you work with." - Robert Levering

At Gati we care for and support our employees and at the same time challenge them togrow with the company.

Our leaders and managers have shared respect work responsibilities and commitments toeach other as much as to the organization. "All who work with me are my 'customers'including my colleagues' is the philosophy with which the team operates.

As an organization Gati remains focused on meeting its employees' financial needs aswell as physical and emotional well-being. As a result employees are often moreproductive satisfied and willing to have long-term career tenures with Gati.

It is only due to all these efforts that in February 2022 Gati has been declared as aGreat Place to Work for the third time in a row with a score of 72 which is our highestever.

In an effort to build more work efficiency across the organization and unleash thepotential of our employees we have initiated various training and development programs.

To encourage diverse perspectives and ideas we ensure free and fair recruitment andreward policies with no bias. Our recently launched initiative 'Restart' offers women whohave had a break in their careers to ease back into the workforce through full-time orproject-based roles.

Giving an impetus to sustainability

At Gati our commitment to being a future-ready agile customer-first logisticscompany is matched by our commitment towards the environment and sustainability. Thisconcern is implemented through strict adherence toEnvironment Social and Governance (ESG)norms and Health Safety Security and Environment (HSSE) standards.

Our CSR arm Avashya Foundation leads the way in lending a helping hand to change livesand secure the environment. We are focused on uplifting lives through access to qualityhealthcare educational opportunities for the deserving skill training for the youthencouraging women to seek equal partnership in society catalyzing leadership throughsports securing the environment and more through initiatives in six focus areas:Education Environment Health Women Empowerment Disaster Relief and Sports.

With social projects and initiatives focused on three strategic areas that includecontributing to quality education promoting decent work and economic growth andstrengthening local communities we are making a positive difference to communities.

For 22 years now we have supported a government school constructed under the patronageof Gati at Banjara Hills Hyderabad India for the local children. 22 new classrooms havebeen built to accommodate as many as 1150 students. Extending these efforts we have builtthree more government schools in Hyderabad Miyapur and Nagore.

In an effort to help talented sportspersons especially women athletes achieve theirtrue potential and win laurels for the country we are supporting three promising femalegolfers - Avani Prashanth Pranavi Urs and Sneha Singh - for the next three years so theycan train well compete internationally and build their skills.

Growing with you

With excellence in express distribution integrated logistics and world-class deliverysolutions we are looking at exponential growth and exploring new opportunities in Indiaand across the globe guided by our approach of doing business with a purposeendeavouring to adhere to highest Environmental Social and Corporate Governancestandards and taking strategic decisions that are in the best interest of our customersemployees shareholders and all stakeholders.


Shashi Kiran Shetty