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This is the first price revision since Allcargo Logistics’s acquisition of Gati in 2019.

Logistics costs are declining in India, thanks to multiple initiatives by the governments and the corporate sector.

Allcargo Gati operates across several key clusters in the region including Hing Ki Mandi, Shahganj and Tajganj.

It has initial plans to hire over 3000 people in multiple operational roles and will intensify hiring in sync with the growth in demand.

Kulkarni assumes new position after serving as Chief Growth Officer of Allcargo Group in Chairman’s office

Allotment to successful buyers will be at Rs 101 per share

The number of trucks on Indian roads is expected to more than quadruple to roughly 17 million by 2050

Sanjay will play a pivotal role in budgeting, resource development and allocation, and policy formation.

Before joining Allcargo Gati, he worked with Delhivery as head - sales. He had also worked with Spoton Logistics, Safexpress, Aramex and Elbee India.

He will report to Gati Express and Supply Chain (GESCPL)’s managing director and chief executive officer Pirojshaw (Phil) Sarkari.