Key Appointments:

• Mr. Shashi Kiran Shetty has been redesignated as Executive Chairman of Allcargo Logistics Limited
• Mr. Adarsh Hegde as the Managing Director of Allcargo Logistics Limited
• Mr. Suresh Kumar as the Managing Director of Allcargo Terminals Limited
• Mr. Pirojshaw Sarkari as the Managing Director & CEO of Gati KWE and the Managing Director of Allcargo Supply Chain Limited
• Mr. Jatin Chokshi as the Managing Director of TransIndia Real Estate Limited
• Mr. Kaiwan Kalyaniwalla as the Chairman of Allcargo Terminals Limited
• Mr. Mohinder Bansal as the Chairman of TransIndia Real Estate Limited

MUMBAI, India--(BUSINESS WIRE)--#AllcargoTerminals--Allcargo Group, the Indian-born global logistics conglomerate, is delighted to announce several significant appointments in key leadership positions within the organisation. These strategic appointments post demerger, reinforce for growth. These appointments exemplify Allcargo Group's commitment to driving expansion and enhancing its presence in the dynamic logistics industry.

Mr. Adarsh Hegde, who is the joint Managing Director, based out of Mumbai has been with the organization for over 30 years, has now been promoted to the position of Managing Director. The day- to-day operations of the company is managed by the CEO and group of CXOs based in different parts of the world. Adarsh will provide the strategic leadership, functional management and value creation opportunities together with helping the group implement technology and digital initiatives.

Mr. Suresh Kumar is another senior professional with diverse experience in managing businesses and has been with the group for nearly three years. He has led the group’s CFS-ICD business as CEO and will now join the board of the newly demerged company, Allcargo Terminals Limited and take on the role of Managing Director. He will be responsible for value creation by driving growth in the CFS and ICD business and other potential opportunities in port sector, terminals, Multimodal Logistics Parks (MMLPs), Special Economic Zones (SEZ), and other related businesses. Suresh will continue to lead the group’s ESG initiatives and the marketing & communication function.

Mr. Pirojshaw Sarkari (Phil), has been appointed as the Managing Director & CEO of Gati-KWE as well as the Managing Director of Allcargo Supply Chain. Phil has joined the boards of both companies and will spearhead the express distribution and contract logistics business. Allcargo has recently acquired 30% stake in Gati KWE and the balance 30% stake is already owned by our listed subsidiary Gati. Allcargo now owns 100% of contract logistics business, which we believe is also a very high growth business. Phil is an industry veteran and will drive the synergy and growth in these businesses.

Mr. Jatin Chokshi, who has been associated with Allcargo Group for over two decades and worked in various capacities, most recently leading the real estate business and earlier as CFO and CEO of a business vertical, will join the board of TransIndia Real Estate Limited as its Managing Director.

Mr. Kaiwan Kalyaniwalla, a highly accomplished senior solicitor and well regarded in the country, will serve as the Chairman of Allcargo Terminals Limited.

Mr. Mohinder Bansal, who is an entrepreneur par excellence and a veteran in financial and strategic management consulting for over 35 years, and has held senior corporate roles in large Indian and multinational companies, has been appointed as Chairman of TransIndia Real Estate Limited.

Mr. Shashi Kiran Shetty, Founder & Chairman of Allcargo Group, said, “I extend my heartfelt congratulations to these exceptional leaders, and I am confident that the entire group joins me in this celebration. This significant milestone marks a new chapter in the illustrious history of the Allcargo Group, as we embark on a journey of professionalising our operations while cherishing our accomplishments as India's largest logistics company and a prominent player in the top 20 global logistics companies. I convey my best wishes to the entire team and eagerly anticipate working even more closely with each and every one of them."

These appointments reflect Allcargo Group's commitment to strengthening its leadership team and driving excellence across all business verticals. The group remains dedicated to delivering superior logistics solutions and unlocking new opportunities for growth.

ABOUT ALLCARGO GROUP

Allcargo Group is a global logistics conglomerate having revenues of over USD 2.6 billion and is headquartered in Mumbai with operations across 180 countries. Backed by over three decades of experience, the group is a global leader in LCL consolidation and is one of India’s largest integrated logistics services providers. Allcargo Logistics Limited (BSE: 532749) (NSE: ALLCARGO), Gati Limited (NSE: GATI) and ECU Worldwide are companies operating under Allcargo Group. With a focus on customer centricity and a digital-first approach, the group offers solutions across the international supply chain, express distribution, CFS-ICD, domestic and international air freight, contract logistics, and logistics parks through its tools like ECU360, myCFS, Gati Genie, etc. The group stays true to its strong commitment to excellent Environmental, Social, and Governance (ESG) standards and makes continuous efforts to attain the ESG standards.

Contacts

For further details contact Pooja Singh at [email protected]