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“Caring for our customers’ precious objects with “Domino Discipline”, we promise to stay “Ahead in reach” in service quality, wide network,

technology, automation and in being high caliber Gati’ites and responsible business partners.”

Corporate Presentation

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2January 21, 2009

Our Brand Promise - Ahead in Reach

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3January 21, 2009

Awards & Accolades

• First Logistics Company in India to be Awarded IS O 9001 certification “IS O 9001-2000” in 1998.

• Frost and S ullivan Award for the “Best Domestic Logistics Company” in 2003.

• Award for the “ Best HR Practices” in S ervice Industry by Amity International Business S chool in 2005 & 2007.

• “CIO of the year Award” given by Data Quest for less than R s.1000 crore company in 2005.

• “ Consumer S uper Brand” Award in Logistics Category by S uperbrands, UK in 2008.

• “ Amity Corporate Excellence Award” by Amity International Business S chool” in 2007.

• “CARE CGR 2 (TWO)” rating for Corporate Governance which means High level of comfort given by Credit Analysis and Research Ltd (CARE) in 2007

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4January 21, 2009

Presentation S tructure

• Gati VisionGati Vision• Gati ProfileGati Profile• Gati Portfolio of S ervicesGati Portfolio of S ervices• HR InitiativesHR Initiatives• Gati FinancialsGati Financials• Industry Growth DriversIndustry Growth Drivers• Gati Growth DriversGati Growth Drivers• Gati OutlookGati Outlook• Gati BoardGati Board

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5January 21, 2009

DIVISION INDIAN SUBSIDIARIES INT’L SUBSIDIARIES

Express Distribution

&Supply Chain

Coastto

Coast

Kausar India Ltd.

Fuel Stations:

Sumeru Commercial & Trading Pvt Ltd.

Ocimum Commercial & Trading Pvt Ltd.

Trymbak Commercial & Trading Pvt Ltd.

Newatia Commercial & Trading Pvt Ltd.

Gati Skyways Ltd.

Gati Holdings Ltd.

Gati Asia Pacific Pte. Ltd.

Gati Hong Kong Ltd.

Gati Japan Ltd.

Gati Middle East FZE

Gati China Holdings Ltd.

Gati Cargo Express (Shanghai) Co. Ltd.

( A step-down Subsidiary of Gati China Holdings Ltd.)

Gati Import Export Trading Ltd.

GATI STRATEGIC BUSINESS UNITS

Zen Cargo Movers Pvt Ltd.

Gati S trategic Business Units

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6January 21, 2009

Gati - Vision

• Be the leader in Asia-Pacific and a globally preferred provider for India-centric supply chain services and solutions.

• Delight the customers with quality services by setting a new trend in Logistics S olutions through innovation and technology.

• Be the most preferred organization for all its stakeholders.

• Be a responsible corporate citizen with unwavering commitment to environmental protection and conservation.

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7January 21, 2009

• Gati pioneered the concept of Retail Express Cargo and Express Distribution in India

• In the 19 years tenure, Gati has grown to occupy every link of the value chain in the logistics business segment

• Gati has the largest fleet of over 2100 vehicles on road, with a nation wide network unmatched in the industry

• Has a delivery capability of delivering to 603 out of 611 districts in India

• S upported by state-of-the-art warehouses, technological initiatives and web centric value added services

Gati Profile

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8January 21, 2009

• Providing seamless multi modal network across road, air, rail and sea, Gati continues to hold its leadership position in the Express Distribution S egment.

• Today Gati has an established presence in China, Hong Kong, S ingapore, S ri Lanka, Thailand, Dubai and Nepal.

• With its extensive presence in the S AARC Region, Gati has connected businesses across the border

• Gati also runs a parcel express train between Kalyan (Mumbai) and Guwahati

• Gati is consistently exploring new avenues to bring premium value to the customer

Gati Profile

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9January 21, 2009

Express Distribution & S upply Chain

DIVISION

Express Dis tribution

&S upply Chain

Coastto

Coast

Express Distribution & Supply Chain

S urface Cargo

AirCargo

Logis ticsS olutions

ExpressDis tribution

PriorityS ervice

Warehous ing

TransportS olutions

AI-Zipp(Courier)

S CM

ColdChain

Freighter

International

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10January 21, 2009

Gati Portfolio of S ervices

Gati S urface ExpressGati Air ExpressAI GatiGati S CMGati Cold ChainGati Europe ExpressGati Global ExpressGati International

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11January 21, 2009

Gati S urface Express

This product is the largest contributor at 72% to Gati's business

Growing at a CAGR of 24% in the last 3 years, is expected to grow at 27% from this year

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12January 21, 2009

Gati S urface Express

A Revolutionary S urface Express S ervice

Door pick-up and delivery Largest on-road fleet of over 2100 vehicles One-time lock for tamper-proof transit Assured date of delivery for every package Weather-proof container vehicles for safe movementOn time departure of vehicles irrespective of capacity utilization

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13January 21, 2009

Gati S urface Express

Gati has a range of Express S ervices

Express C ity : For within city service. Express S tate : Ideal for secondary distribution

needs Express Zone : For the regional distribution requirements Express National : To reach the remotest corner of the country Express Bulk : For high - density cargo and bulk cargo (above 500 Kgs) Express S AARC : For S AARC locations

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14January 21, 2009

Gati Desk to Desk Cargo

• This is a service we offer under – Gati S urface Express

• For non-commercial, small size shipments upto 4kgs

• Priced at R s.175/- per shipment + taxes • Features :

Cost effective option for customer who want to send small shipments

Can send from anywhere to anywhere in India Ideal for samples, gifts, study material, printed

material R isk coverage upto R s.1000/- per shipment

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15January 21, 2009

Focused on high volume and price sensitive customer It is a product based on Less-than Truck Load (LTL). It is a direct pick-up and delivery product. Primarily devised to cater the needs of low capacity

running routes Distance based pricing On-line tracking on www. gati. com Minimum weight slab of 1-ton

Gati Transport S olutions

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16January 21, 2009

• Gati teamed up with Air India to launch a dedicated Freighter S ervice in October, 2007.

• A S ervice designed to meet the demanding needs of today's businesses, where reliability and time are of paramount importance

• Delivering shipments across all major locations in India the very next day during business hours.

Gati Air Express

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17January 21, 2009

Gati Air Express

A Dedicated Freighter S ervice

Delivery next day before noon to all major cities in India

Unmatched multi-modal network to provide seamless connectivity

Late pick-up and early delivery

Carries a range of shipments including valuable, bulk and odd-sized material

Extra care taken for critical and time-bound shipments

Freight refund if the assured date of delivery is not met

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18January 21, 2009

AI Gati is the Courier S erviceThis is a joint product of Gati and Air IndiaDoor to door service for documents and samples having no commercial value Weight slab - minimum 250 gms Covering 200 cities, with 2448 pin codesDelivers to most locations in India within 24 to 48 hours

AI - GATI

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19January 21, 2009

Gati S CM

S tate-of-the-art Warehouses 1.50 million sq.ft. of mechantronic warehousing

facilities at all major cities in India Web-based Warehouses Management S ystem Modern S torage S ystems and Material Handling

Equipment Delivering high levels of operating efficiency

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20January 21, 2009

Gati offers : Instant multi-modal express distribution

networkWide storage and warehouses across metros

and semi urban locationsDistribution channels Expertise and experience of 19 years in the

express distribution business

Gati S CM

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21January 21, 2009

Gati Europe Express

Gati has a strategic alliance with GLS (General Logistics S ystems)

• GLS is one of the three largest parcel service providers in Europe

• GLS serves 2,20,000 customers in Europe in 36 countries, handling 311 million parcels, has 17,800 vehicles, 32 transhipment points, employs 12,000 employees .

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22January 21, 2009

Gati Europe Express

GLS infrastructure in Europe, wide footprint, greater network flexibility, provide Gati's customers faster access and superior service to Europe.

Its a door to door service from anywhere in India to anywhere in Europe

Opens up a huge business opportunity to our customers to do business in Europe

S ynergies of two big players – Gati and GLS works in favour of the customer.

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23January 21, 2009

• Gati Global Express is an offering which serves the Indian customers to send shipments from anywhere in India to anywhere in the world.

GATI GLOBAL EXPRES S

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24January 21, 2009

GATI GLOBAL EXPRES S

Features:• Door to Door service• Wide pickup network in India, extensive delivery

network in the world.• Flexibility of sending commercial as well as non-

commercial shipments• Track and Trace on www.gati.com • Time definite deliveries • Monitoring of each shipment by a dedicated team at

Delhi • Max wt. Limit is 32 kgs• Value upto R s. 50,000 (R s. 25,000 for gift item)

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25January 21, 2009

Distribution Network

1.81 mnPackages (per month)

0.55 mnDockets (per month)

37000 tonWeight Handled (per month)

1876Handlers

1193 (Own vehicles-191)Vehicles

594Vendors

1002Gati Associates

693Routes

603 out of 611 DistrictsDelivery capability

24000Locations serviced

423Locations

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26January 21, 2009

Re-engineering

Customer

Local Storage Hub Local

S torageHub Customer

Old Network

Customer Hub Hub Custom

er

Re-engineered Network

Hub & S poke Model

1 Central Distribution Centre (CDC) in Nagpur

18 Express Distribution Centres (EDC) across India

63 Gati Delivery Warehouses (GDW) across India

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27January 21, 2009

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28January 21, 2009

Warehouse Locations

Projects Under Execution

CDC

- Nagpur

EDC

- Chennai- Ahmedabad- Bhiwandi- Delhi (Binola)

Projects Completed

EDC

- Bangalore- Hyderabad- Coimbatore- Ambala- Delhi- Jaipur- Indore- Panvel- Pune- Goa- Kolkatta- Guwahati

GDW

- Pondicherry- Pallavaram- Ludhiana- Ghaziabad- Raipur- Baroda- Bhopal- Vapi- Dodaballapur- Trivandrum

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29January 21, 2009

Customer Profile

Institutional customers contribute 65% of the turnover

Retail business contributes 35% of the turnover

3000+ institutional and 40,000 retail customers

Growth from repeat business from customers

estimated at 20% for the year

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30January 21, 2009

Our Premium Clientele

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31January 21, 2009

Our Premium Clientele

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32January 21, 2009

Gati Coast to Coast

Gati owns 5 container vessels and 1 container vessel (on lease) with a combined capacity of 43,535 DWT

Gati provides liner and break bulk services between Chennai, Andaman, Visakhapatnam, Yangon and Ranong (Thailand)

Vessels operate at 90% capacity utilisation

Coast to Coast business would touch R s.100 crore by FY09

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33January 21, 2009

Gati acquired 73.72% stake in Kausar India Ltd., a Delhi based refrigerated transport service company

• Engaged in the movement of perishable goods in refrigerated vehicles

A fleet of 92 refrigerated vehicles, with a capacity to move 0.72 lacs tons of refrigerated cargo in a year

• Offering dedicated vehicles and customised solutions With a capacity to move 0.72 lacs tons of refrigerated cargo in a

year

• Clientele include Nestle, Dabur India, Amul, Vadilal Industries, HUL, Chambal Fertilisers, Allana, etc.

Gati Cold Chain

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34January 21, 2009

Gati Cold Chain

Gati plans to tap the cold-chain logistics market through this acquisition

Net S ales of R s.21.77 crore and EBIDTA of R s.3.4 crore in FY08 (net sales & EBIDTA are for 15 months)

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35January 21, 2009

Technology

GEMS - Indigeneous developed software

Oracle CRM Oracle Financials

Gati Enterprise Management System(GEMS)

gati@web

Oracle CRM - Customer Relationship Management

Oracle Financials - Business Accounting

WMS - Warehousing Management System

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36January 21, 2009

HR Initiatives

Retention S trategies

Work - Life Balance

Fun at Work Place

New joinee satis faction reviews

Employee S atis faction S urvey

Automation of HR Processes like Performance Management S ystem, Leave Management S ystem, Employee Information S ystem

Gati- Relationship Week

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37January 21, 2009

HR Initiatives

Customised Training Initiatives

Leadership Programme for Top Management in India & Abroad.

AS BM & Gati Academic Collaboration for future

talent pool

360 Degree for Top Management

Family Welfare Initiatives

E- HR Initiatives

ES OS

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38January 21, 2009

Gati Financials

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39January 21, 2009

Express Distribution & S upply Chain Break Up FY08

Air13%

Express72%

Others1%

International4%

Logistics10%

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40January 21, 2009

Express Distribution & S upply Chain Break Up FY09

Express62%

Others2%

International5%

Logistics12%

Air19%

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41January 21, 2009

Revenue Mix FY 08

Stand Alone Consolidated

CTC13%

Logistics9%

International3%

Others1%

Express63%

Freighter11%

Subsidiaries7%

Gati Ltd77%

Fuel Station16%

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42January 21, 2009

Revenue Mix FY09

Stand Alone Consolidated

CTC14%

Logistics10%

International5%

Others1%

Express54%

Freighter16%

Subsidiaries9%

Gati Ltd76%

Fuel Station15%

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43January 21, 2009

S tandalone Revenue & EBIDTA Growth Chart

461576

361458

12.3%10.6%

8.8%7.7%

0

100

200

300

400

500

600

700

2005 2006 2007 20080.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

* FY 2007 onwards exclude Fuel S tation Divis ion Figures

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Consolidated Revenue & EBIDTA Growth Chart

572741

361462

9.8%

8.3%8.6%7.7%

0

100

200

300

400

500

600

700

800

2005 2006 2007 20080.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

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Financial Highlights

FY 08 FY 07Net Sales 576 461

EBIDTA 70.8 48.9

PAT 23.8 23.4

ROCE % 5.8 12.3

EBIDTA % 12.3 10.6

EV 825 860

EV / EBIDTA 11.7 17.6

(S tandalone)(Rs in Cr)

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46January 21, 2009

Key Financials

Particulars 2002 - 03 2003 - 04 2004 - 05 2005 - 06 2006 - 07 2007-08Income 27514 30615 35919 45989 56797 71684Total Income 27634 30919 36127 46152 57214 74115EBIDTA 1685 2187 2761 3946 4755 7289Interest 503 568 473 422 587 1133Depreciation 537 781 730 868 1121 1855Profit Before Tax 645 838 1559 2656 3047 4302Profit After Tax 410 555 1449 1917 2143 1978

Cash Profit 947 1337 2179 2785 3264 3833

EPS 1.54 2.01 4.72 3.75 4.21 2.34Cash EPS 2.27 3.20 5.22 3.93 4.51 4.53EBIDTA % 6.12% 7.15% 7.69% 8.58% 8.31% 9.83%Net Profit Margin 1.49% 1.81% 4.04% 4.17% 3.77% 2.76%

(Consolidated)Rs in Lakhs

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47January 21, 2009

Key Financials

Particulars 2003 - 04 2004 - 05 2005 - 06 2006-07 2007-08Equity (FV- Rs.2) 418 418 1417 1447 1693Reserves 3047 4225 13740 15324 27357Networth 3465 4643 15157 16771 29050

Loan Funds 5603 6389 7193 19017 23618Gross Block 8317 9433 13913 20133 32437Net Block 6726 7767 14347 22610 31880

Debt : Equity 1.62 1.38 0.47 1.13 0.81RONW 16.02% 31.22% 12.65% 12.78% 6.81%ROCE 9.22% 21.29% 22.26% 10.47% 7.81%

Equity Share face value taken @ Rs.2 each for EPS

(Consolidated)Rs in Lakhs

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48January 21, 2009

Funds Raised

E/Capital Post FCCB / Warrants conversion / ES OS (Paid-up Capital)

Total

25- ES OS90- FCCB

165- Pvt. Placement & CWs 23- R ights Issue

Rs.in CroreFunds raised :

19

303

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49January 21, 2009

S hareholding

Particulars No of Shares % No of Shares %

PROMOTERS 41,512,829 48.91 41,512,829 43.70

TIFOI 10,477,120 12.34 10,477,120 11.03

FCCB 1,112,381 1.31 6,472,781 6.81

ESOS & OTHERS 31,773,720 37.44 36,537,270 38.46

TOTAL 84,876,050 100.00 95,000,000 100.00

Present Equity Fully Diluted Equity

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50January 21, 2009

Industry S cenario

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51January 21, 2009

Industry Growth Drivers

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52January 21, 2009

Industry Growth Drivers (Contd..)

13% of GDP is spent on logistics sectorBy FY 2015 size of the sector would be approx US D 385bn*

Market S hare of organised logistics player to double to approx 12% by 2015 i.e. US D 46 bn*

Integrated logistics service providers with wide network will have edge over other players

VAT implementation, investment of R s. 8600 bn in infrastructure

Businesses seeking 3PL services will further add to the growth in the segment

(* S ource: Businessline)

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Industry Growth

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54January 21, 2009

Investment Highlights

Emerging as a single window logistics solutions providerRe-engineering Cutting edge technologyS trong customer profileForay into air cargo segment2mn sq.ft. of warehousing space, post expansionWide distribution networkIntegrated 3PL solution provider with S CMLogistics solutions provider across various industriesIncreasing pie of international and logistics business

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55January 21, 2009

Growth Drivers

Contribution to top line from freighter business to top line will double in the next two years

Warehousing & S CM business will grow by 50% in FY09 in absolute terms

Contribution to top line from international business to double in FY09

Contribution to top line from subsidiaries will grow by 50% in FY09

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Gati’s Board

Mr.K.L.Chugh Chairman Chairman Emeritus,ITC Ltd. & Chairmanof Modi Telstra Ltd.

Mr.MahendraAgarwal

ManagingDirector

Director of TCI Finance Ltd.

Dr.Ram S Tarneja Director Former MD of Bennet & Coleman &presently HDFC Ltd., Greaves

Mr.Sunil Kumar Alagh Director Former MD & CEO of Britannia

Mr.T.S.Rao Director Ex IPS Officer & Retd DGP of AndhraPradesh

Dr.P.S.Reddy Director Head of Share Medical Care, MedicitiHospitals,Hyd & Share (USA)

Mr.N.Srinivasan DirectorDirector of Herbertsons Ltd & AmcoBatteries Ltd. Retired Senior Partner ofFraser & Ross, Deloitte Haskins & Sells

Mr.Harry Lagad Director President – Integrated Supply ChainSolutions (a Unit of Brightstar Corp,USA)

Mr.Anoop Seth NomineeDirector

TIFOI (Fund Managed by AMP)

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57January 21, 2009

Thank You