Following the demerger, each business will have an independent structure with mirror shareholding: Shashi Kiran Shetty, chairman, Allcargo Logistics, ECU Worldwide and Gati

April 20 , 2022

Source:Financial Express

The pandemic has led to an increase in the adoption of technology and digitalisation of the logistics industry, which is expected to further accelerate in 2022, mainly driven by e-commerce. With its digital-first strategy, Allcargo Logistics, ECU Worldwide and Gati are also looking to further tap the potential of emerging technologies, chairman Shashi Kiran Shetty said. In an interview with FE’s Rajesh Kurup, he elaborated on the rationale behind the recent demerger of Container Freight Stations (CFS) and Inland Container Depots (ICDs) into Allcargo Terminals, and equipment rental, logistics parks and real estate into Trans India. Edited excerpts:

Q. Allcargo Logistics’ net profit soared to Rs 354 crore in Q3. Where is the growth coming from?

Our growth over the past few quarters is an outcome of sustained efforts over the years and transformational initiatives undertaken in the last 2 to 3 years. We have a sharp focus on asset-light models and digitally-enabled businesses and that has made the difference. Our sales acceleration across the world on the back of transformation initiatives combined with digitisation initiatives provided us with the operating leverage. Our yield continues to improve on the back of utilisation in the international supply chain business. All digital interfaces put together, over 55% of all export bookings in this business are now digital. Other businesses have also continued to perform well, with both organic and inorganic growth, contributing to the bottom line.

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