Allcargo Logistics Limited announced the re-appointment of Radha Ahluwalia as Non-Executive Independent Director on the company’s Board, with effect from February 11, 2024. According to the company’s exchange filing, “we wish to inform you that the Board of Directors have approved the re-appointment of Mrs Radha Ahluwalia (DIN:00936412) as a Non-Executive Independent Director for a…
Allcargo Terminals Limited (ATL), an independent entity demerged from Allcargo Logistics Limited, announced the appointment of Ashish Chandna as Chief Executive Officer of the company, with effect from November 15, 2023. According to the company’s exchange filing, “, this is to inform you that the Board of Directors of the Company at its Meeting held today i.e.,…
Allcargo Logistics Limited, India’s largest integrated, end-to-end logistics solutions provider, has appointed Sushil Kumar Rathi as Director – Supply Chain, Allcargo Supply Chain (wholly owned subsidiary of Allcargo Logistics Limited). In this role, Sushil will be responsible for large contracts acquisition, procurement of warehouses, procurement of transportation and growth of contract logistics business, a statement said.…
Allcargo Logistics Limited, part of the Allcargo Group, announced the appointment of Adarsh Hegde as Managing Director of the company. Commenting on the appointment, Shashi Kiran Shetty, Founder and Chairman, Allcargo Group said, “I am happy to announce the appointment of Adarsh Hegde who is a veteran in the logistics industry & long-time leader within…
Allcargo Logistics Limited, an end-to-end logistics services provider, announced that Suresh Kumar Ramiah has resigned from the role of Chief Executive Officer of the company, with effect from March 31, 2023. According to the company’s exchange filing, “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”) read…
Allcargo Logistics Limited announced it has acquired a majority stake in Madanahatti Logistics and Industrial Parks Private Limited. According to the company’s exchange filing, “this is to inform you that Allcargo Logistics Limited (”Company”), has entered into a Securities Purchase Agreement (“SPA”) on February 21, 2023, with BRE Asia Urban Holdings Ltd. (the “Seller”) to…
Allcargo Logistics Ltd, an Allcargo Group company, an India‐born global logistics conglomerate, has announced the conclusion of its sale of a part of its logistics parks portfolio to global private equity investor Blackstone Group (Blackstone). This is in line with the agreement signed earlier, which has now been consummated with signing of Share Purchase Agreement…
Allcargo Logistics Limited announced the appointment of Nilesh Vikamsey as Additional Non-Executive Independent Director on the company’s Board, with effect from June 30, 2022. According to the company’s exchange filing, “we wish to inform you that the Board of Directors vide its Circular Resolution passed on June 30, 2022 have approved the appointment of Mr…
Former Mahindra and Mahindra CFO, VS Parthasarathy, and Martin Mueller, a former Partner at consultancy firm McKinsey, have joined the board of Allcargo Logistics as independent directors, according to ETBureau report. Parthasarathy held several leadership roles at M&M including chairman of the board of Mahindra Logistics and President for the Mobility Services Sector as well…
US-based private equity firm, Blackstone is in talks with Indian logistics company Allcargo to buy stakes in the latter’s warehousing business for over ₹380cr. This investment is a part of the PE firm’s plan to ramp up its real-estate portfolio in India.
GATI Ltd, India’s leader in Express Distribution and Supply Chain Solutions, has offloaded a significant equity stake to Allcargo Logistics Ltd. India’s largest integrated logistics solutions provider. The company was founded by Mahendra Agarwal in 1989. Agarwal has been scouting for an established strategic partner who could provide management and operational synergies, and launch GATI…