Advertisement

Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
Advertisement
  Discuss this Article   |      Email this Article   |      Print this Article

Gati eyes Rs 1000 cr turnover by 2009
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
Advertisement
August 03, 2007 17:24 IST

Logistics solutions provider Gati Ltd [Get Quote] said on Friday it was looking to double its turnover from India to Rs 1,000 crore (Rs 10 billion) by 2009, on the back of expanding courier business and services like fax, printing and internet browsing offered through retail outlets.

The company launched 'Cafe d'eliver', its third retail outlet in the country here, through which it plans to generate a revenue of Rs 250 crore (Rs 2.5 billion) in the next two years.

"This (Cafe d'eliver) is the retail initiative of the company where customers would be able to avail of a host of facilities under one roof," Gati's business operations (east) Head Patram Choudhary said.

The outlet, in addition to offering courier services, provides document photocopying, printing and internet services.

The two other outlets are located in Hyderabad and Pune. Shortly, Gati would acquire a freighter to strengthen domestic operations.

The company has a sizeable market share among the organised players in the sector. Gati also has presence in China and Singapore.


© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email this Article      Print this Article

© 2007 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback