Allcargo Group, an Indian-born global logistics conglomerate, has appointed logistics and supply chain industry veteran Ketan Kulkarni as Chief Growth Officer. In this crucial role, Ketan will be closely working with the Chairman’s office to strengthen the overall growth and operational efficiency at Allcargo Group. He will lead the process of stakeholder value creation across…
Allcargo Logistics Limited Board and Allcargo Gati Limited board have approved the composite scheme of arrangement for restructuring of businesses under Allcargo Limited and Allcargo Gati Limited (Formerly Gati Limited). As per the scheme, International Supply Chain (ISC) business will be demerged into a separate entity: Allcargo ECU Limited. This would include the India part…
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 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…
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…
Gati, a logistics and supply chain solutions provider, announced that its Founder and Managing Director Mahendra Kumar Agarwal has resigned from the post, with immediate effect. “During board meetings held on September 28, 2020, Mahendra Agarwal, Founder and Managing Director of Gati Ltd, resigned from the Boards of Gati, Gati-KWE, and Gati-Kausar,” the company said…
Allcargo Logistics, a logistics firm handling global multimodal transport operations, pan India container freight stations, inland container depots, third-party logistics, warehousing, contract logistics and logistics parks, announced that it is set to emerge as a controlling stakeholder in Gati, as it has received SEBI approval on its open offer to acquire approximately 3.17 crore shares…
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.