The appointments demonstrate Allcargo Group’s commitment to driving growth and increasing its footprint in the competitive logistics market. With the intention of reinforcing growth following the demerger, integrated logistics solutions provider Allcargo Group has made several strategic appointments at the top management level, including the elevation of Adarsh Hegde to Managing Director of Allcargo Logistics and the redesignation of Shashi Kiran Shetty as Executive Chairman.
According to the company, these appointments demonstrate Allcargo Group’s commitment to driving growth and increasing its footprint in the competitive logistics industry.
Hegde, who has worked for the company for over 30 years, will help the team implement technology and digital initiatives while also providing strategic leadership, functional management, and value creation possibilities.
Suresh Kumar, who served as CEO of the group’s CFS-ICD division, will now join the board of Allcargo Terminals, the newly formed firm, and assume the position of Managing Director. By promoting expansion in the CFS and ICD industries as well as other possible prospects in the port sector, terminals, multimodal logistics parks (MMLPs), special economic zones (SEZ), and other connected enterprises, he will be in charge of creating value. According to the statement, Kumar will continue to oversee the group’s ESG activities and marketing and communication efforts.
Likewise, Pirojshaw Sarkari (Phil) has been named managing director and chief executive officer of Gati-KWE and Allcargo Supply Chain. Sarkari will lead the express distribution and contract logistics businesses after joining the boards of both businesses.
Gati KWE’s 30% interest was recently purchased by Allcargo, and the remaining 30% is already controlled by listed subsidiary Gati. The contract logistics sector, a high-growth area for the firm, is currently 100% owned by Allcargo.
Jatin Chokshi, who has been involved with the Allcargo Group for more than 20 years and has served in a variety of roles—most recently overseeing the real estate industry—will now join the board of TransIndia Real Estate as its Managing Director. Earlier, he served as the company’s CFO and CEO.
A renowned lawyer named Kaiwan Kalyaniwalla will lead Allcargo Terminals, while Mohinder Bansal, who has over 35 years of experience in financial and strategic management consulting, has been named chairman of TransIndia Real Estate.
According to Shashi Kiran Shetty, founder and chairman of the Allcargo Group, the appointments demonstrate the organisation’s commitment to fortifying its leadership team and fostering excellence across all business sectors. He continued, “The group remains committed to delivering first-rate logistics solutions and opening up fresh doors for expansion.