Allcargo Gati Names Deepak Pareek CFO
Mumbai, 21 November, 2024: Allcargo Gati Limited (formerly Gati Limited), one of India’s premier Express Distribution and Supply Chain Management companies, has appointed Deepak Pareek as the Chief Financial Officer. Deepak assumes this role following his tenure as Deputy Chief Financial Officer of Allcargo Gati, where he contributed significantly to the company’s financial planning and operational efficiency.
Deepak brings over two decades of experience in infrastructure project planning, execution and financing, project management, debt and equity fund mobilization, managing and implementing the financial strategies, business management advisory, audit process management, etc. A Chartered Accountant (CA), Cost & Management Accountant (CMA), and Company Secretary (CS Inter), he held CXO responsibilities with Infrastructure Leasing & Financial Services Ltd (IL&FS) group before joining Allcargo Gati.
Commenting on the appointment, Ketan Kulkarni, Deputy Managing Director of Gati Express and Supply Chain Pvt. Limited, said, “Deepak’s wealth of experience across finance makes him a valuable addition to the Allcargo Gati’s leadership team. As Allcargo Gati enters the next phase of growth, his expertise will play a critical role in driving the financial model and efficiency. His strategic capabilities, financial acumen and in-depth knowledge will set the stage for growth and create sustainable value for all stakeholders, as we continue our journey, going forward.”
Commenting on the elevation to the new role, Deepak Pareek, Chief Financial Officer, Allcargo Gati Limited said, “I am excited about the new role. Allcargo Gati is poised to grow on the back of the improved infrastructure, enhanced service quality and sales acceleration initiatives in addition to unmatched reach across India. As the company is working on strengthening its position in the express and contract logistics space. I look forward to being a part of the leadership team to create sustainable value.”
Allcargo Gati Limited is dedicated to deliver integrated express logistics and supply chain solutions across sectors. The company recently achieved its highest-ever volumes in October, driven by exceptional customer service, the addition of new clients and a strategic focus on key sectors such as E-commerce, Retail, and Chemicals. With a commitment to providing customized solutions and enhancing operational efficiency, Allcargo Gati is well-positioned to further solidify its reputation as a reliable logistics partner.
About Allcargo Gati Limited (ACLGATI | 532345 | INE152B01027)
Allcargo Gati (formerly Gati which was founded in 1989) is one of India’s premier Express Distribution provider. With a strong presence across Asia, including a nationwide network that covers 99% of the country’s districts, Allcargo Gati’s unparalleled reach creates the unique advantage of covering every part of India. Company’s integrated and IT-backed multi-modal network allows it to offer end-to-end supply chain solutions specific to varied business requirements. The strategic collaboration with Allcargo enables Allcargo Gati to leverage the strengths of parent’s global network operating in more than 180 countries and enhance its products and services portfolio. Key business verticals of Allcargo Gati include Express Distribution, Air Freight, E-commerce, First and Last Mile Logistics, etc. It also offers exclusive B2C services like Laabh, Bike Express, Student Express, and others. Its services and solutions have been designed to be flexible and scalable to meet the needs of different businesses across various industry sectors. Allcargo group stays true to its strong commitment to adhere to Environmental, Social, and Governance (ESG) standards and continues to direct efforts towards enhancing its people, technology as well as business processes and operations on a regular basis. The group has set out to achieve 100% carbon neutrality by 2040. Recently brand Gati has been Recognized as a Well-Known Trademark by the Indian Trademark Registry.
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