Mahendra Agarwal

Logistics services provider Gati Ltd on Thursday reported 31.9 percent drop in consolidated net profit at Rs 7.83 crore for the quarter ended June 30, 2015.

GST will halve inventory costs, reduce warehouses: Gati CEO

Agarwal says the tax will lead to sharp reduction in the number of corporate warehouses. He sees logistic costs shrinking to 10 percent of GDP from 14 percent at present, because of GST

Gati H1FY'15 PAT rises 112% at Rs 27.54 crore

In Q2FY'15, Gati's consolidated net profit rose by 117 percent at Rs 12.49 crore as against Rs 5.76 crore in the corresponding quarter previous year.

See revenue growth at 15%; EBITDA at 30% in FY14: Gati

Logistic player Gati expects to grow revenue at 15 percent and earnings before interest tax depreciation and amortization at 30 percent in current financial year, Mahendra Agarwal, Founder and CEO, Gati.

Logistics & Logic: A case for GST

There are many lacunae in the logistics industry that need to be addressed but let me start with the biggest concern - service taxation.

Gati clarifies on FCCB, shipping arm stake sale concerns

Gati has completed the process of retiring, replacing foreign currency convertible bond (FCCB) with Goldman Sachs, said Mahendra Agarwal, managing director and chief executive officer of Gati to CNBC-TV18.

Gati plans to sell up to 49% in shipping biz

Logistics player Gati is planning to sell between 26% and 49% stake in its shipping business to a global shipping company to raise funds and expand the business, Managing Director Mahendra Agarwal told Reuters on Tuesday.