Hot Pursuit     01-Jun-23
Gati CEO Pirojshaw Aspi Sarkari resigns
Gati announced that Pirojshaw Aspi Sarkari (Phil) has stepped down from the position of chief executive officer of the company with immediate effect from today.
This is in pursuance to his appointment as the managing director and chief executive officer of the material subsidiary of the company, Gati-Kintetsu Express (GKEPL) with immediate effect from today, in the place of Adarsh Sudhakar Hegde who has stepped down from the said position of chairman & managing director of GKEPL with immediate effect.

Shashi Kiran Shetty, chairman & managing director of the company has been appointed as non-executive chairman of GKEPL with effective from today.

On consolidated basis, the company reported net loss of Rs 16 crore in Q4 FY23 as compared with net loss of Rs 22.38 crore in Q4 FY22. Net sales jumped 10.3% year on year to Rs 415.67 crore in Q4 FY23.

Gati is primarily engaged in the business of E-commerce logistics, Integrated Freight Forwarding (Domestic and International) and running of fuel stations.

Gati rose 1.65% to Rs 116.80 on the BSE.

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