Daijiworld Media Network - Mumbai
Mumbai, Jan 22: In a move aimed at facilitating a smooth leadership transition, the Allcargo Group on Wednesday elevated Vaishnav Shetty, Executive Director – North Asia at Allcargo Global Ltd (AGL), as Deputy Managing Director and inducted him onto the AGL Board of Directors.
Vaishnav, son of Allcargo Group founder and Chairman Shashi Kiran Shetty, will work closely with AGL Managing Director Adarsh Hegde, the company said in a statement. The appointment has been approved by the Board of Directors.
AGL, the international supply chain arm of the Allcargo Group, contributes nearly 80 per cent of the group’s overall revenue.
The company said the elevation reflects its structured approach to succession planning and its focus on building a digital-first, future-ready organisation, especially at a time when the group is undergoing a major restructuring exercise. Under this transformation, Allcargo’s businesses are being reorganised into four independent and focused entities.
As part of the restructuring, the group’s international supply chain business has been demerged into Allcargo Global Ltd, which is proposed to be listed, enabling sharper strategic focus and enhanced operational agility.
Commenting on the development, Shashi Kiran Shetty said, “Vaishnav’s appointment reflects our commitment to building a strong leadership framework capable of driving sustainable growth, operational excellence and digital innovation in an increasingly competitive global logistics environment.”
“His impact across digital transformation and business leadership demonstrates the readiness of the next generation to step up and strengthen the organisation. His progression underscores our belief in developing leadership from within, ensuring continuity, resilience and long-term value creation for all stakeholders,” he added.
Vaishnav joined the Allcargo Group in 2017 and has since held multiple portfolios across the organisation. As Chief Digital Officer of Allcargo Logistics Ltd, he led the group’s digital and innovation agenda and launched several industry-first digital solutions, significantly enhancing customer experience and operational efficiency.
In his previous role as Executive Director – North Asia at AGL, he spearheaded key strategic initiatives to strengthen and consolidate the company’s position in the region. He also played a pivotal role in developing the digital freight platform ECU360, further reinforcing Allcargo’s leadership in international consolidation and supply chain solutions.
Welcoming the appointment, Adarsh Hegde, Managing Director of Allcargo Global Ltd, said, “Vaishnav represents the next generation of leadership at Allcargo, geared to lead the next phase of growth. With his innovation-driven and technology-oriented mindset, I am confident that he will contribute even more significantly to our mission of building an organisation that leads the global logistics landscape.”