Leadership Reboot at Allcargo: Deepal Shah Exits, Ravi Jakhar Takes Financial Helm

Allcargo Logistics Limited has announced a change of its leadership team, with Ravi Jakhar to become Group Chief Financial Officer (CFO) after Deepal Shah resigned. Deepal Shah, serving as Group CFO, will resign from the position on May 16, 2025. Ravi Jakhar, former Group Chief Strategy Officer, will become Group CFO from May 19, 2025.

 

Key Highlights

 

Leadership Transition: Deepal Shah is stepping down as Group CFO, with his final working date on May 16, 2025.

 

Appointment: Ravi Jakhar, who is the Group Chief Strategy Officer presently, will succeed him as Group CFO from May 19, 2025.

 

Strategic Leadership: With Jakhar's leadership in strategy, Allcargo has experienced strong growth in its contract logistics segment, with over 60% year-on-year revenue growth and improvement in operating efficiency.

 

Operational Restructuring: The company has recently pursued extensive restructuring activities, such as outsourcing some roles to low-cost geographies, resulting in both short-term restructuring expense and longer-term cost savings.

 

Continued Confidence: The management has asserted faith in the present team to post good performance, referring to strong turnaround in balance sheet and profit and loss accounts.

 

This leadership change occurs when Allcargo Logistics is concentrating on integrating its domestic and international businesses, promoting operational efficiencies, and leveraging growth opportunities in the logistics business.

 

Sources: Allcargo Logistics Limited, Screener, Mittal Analytics Private Ltd