Management Change Announcement

Allcargo Logistics Limited has announced a significant leadership transition as part of the Allcargo Group's strategic restructuring to position the company for its next growth phase.

Resignation and New Appointment Details

  • Mr. Ketan Kulkarni has tendered his resignation from the position of Managing Director & Chief Executive Officer of Allcargo Logistics Limited
  • His resignation is effective to undertake a new role within the Allcargo Group as Chief Growth Officer
  • Effective date of new role: January 1, 2027

New Leadership Appointment

  • Mr. Vijay Nehra has been appointed as Chief Transformation Officer and Managing Director Designate
  • Effective date of new role: October 1, 2026
  • He will assume the role of Managing Director & Chief Executive Officer effective January 1, 2027
  • Appointment is subject to requisite shareholder approvals

Reporting Structure

Both Vijay Nehra and Ketan Kulkarni will report to Punit Misra, Chief Business Officer of Allcargo Group

Strategic Context

The leadership transition builds on the strategic restructuring undertaken following the demerger of the Allcargo Group, with businesses moving toward more focused leadership and governance structures. This realignment follows the earlier appointment of Dinesh Lal as Chairman of Allcargo Logistics.

Management Commentary

Dinesh Lal, Chairman, Allcargo Logistics: Emphasized that Allcargo Logistics is entering a crucial growth phase and strengthening the leadership team is integral to this evolution. Noted that Vijay Nehra brings valuable experience in complex supply chains and business transformation.

Punit Misra, Chief Business Officer, Allcargo Group: Stated that the strategic restructuring marks an important phase in the Group's evolution, creating greater focus across businesses. Mentioned that Vijay's diversified leadership experience will help shape Allcargo Logistics' future to capture larger market share.

Ketan Kulkarni, Current MD & CEO: Expressed that significant opportunities exist to identify new growth avenues across the Group. He will focus on expanding the Group's presence in emerging sectors and strengthening market outreach in his new role as Chief Growth Officer.

Vijay Nehra, Incoming MD Designate: Committed to strengthening operational excellence with sustained focus on yield improvement and volume growth, noting that new opportunities are opening across sectors as the Indian economy grows.

Background on Vijay Nehra

  • Accomplished professional with successful track record across multiple industries and functional areas
  • Held senior leadership roles across financial services, pharmaceuticals, FMCG, e-commerce, and technology-led businesses
  • Supply Chain professional background at Hindustan Unilever (HUL)
  • Previously served as Head of Finance at Indiabulls Real Estate & Indiabulls Housing Finance
  • Former CEO of Indiabulls Asset Reconstruction Company
  • Most recently served as CEO of Ozone Pharma
  • Educational qualifications: Master Mariner, post graduate programme in management from ISB Hyderabad, Bachelor of Nautical Sciences from T. S. Chanakya, University of Mumbai

Company Business Overview

Allcargo Logistics Limited has merged its Domestic Supply Chain business and demerged its International Supply Chain (ISC) business as Allcargo Global. The domestic supply chain business houses express distribution and consultative logistics. The company combines legacy, innovation, and customer-centricity with a robust distribution network covering 100% of India's districts and growing presence across Asia.

Key business verticals include:

  • Express Distribution
  • Air Freight
  • E-commerce Logistics
  • First and Last Mile Delivery
  • Specialized B2C services (Laabh, Bike Express, Student Express)

The company has committed to achieving 100% carbon neutrality by 2040 as part of its ESG standards.