Gati eyes Rs 1000 cr turnover by 2009

KOLKATA: Logistics solutions provider Gati Ltd on Friday said it was looking to double its turnover from India to Rs 1,000 crore 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 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.