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The Allcargo Group has elevated Vaishnav Shetty as Deputy Managing Director of Allcargo Global Ltd and inducted him onto the company's board. The move is part of the group's succession planning and ongoing restructuring, under which its businesses are being reorganised into four independent entities. Allcargo Global, which contributes about 80 per cent of group revenue, has been demerged and is proposed to be listed. Vaishnav has been with the group since 2017 and has led key digital, regional, and strategic initiatives.
The Allcargo Group has elevated Vaishnav Shetty, Executive Director for North Asia at Allcargo Global Ltd (AGL), as the Deputy Managing Director and inducted him onto the AGL Board of Directors, according to a company statement issued in the past week. Advertisement
Vaishnav, son of group founder and Chairman Shashi Kiran Shetty, will work closely with Adarsh Hegde, Managing Director of Allcargo Global Ltd. The appointment has received formal approval from the company's Board of Directors.
Allcargo Global Ltd is the international supply chain arm of the Allcargo Group and contributes nearly 80 per cent of the group's overall revenue, making it a critical part of the organisation's operations.
The company said the elevation is part of its structured succession planning and its efforts to build a digital-first, future-ready organisation. This move comes at a time when the group is undergoing a broader restructuring exercise, under which its businesses are being reorganised into four independent and focused entities.
As part of this restructuring, the group's international supply chain business has already been demerged into Allcargo Global Ltd. The company has proposed to list this entity, a step aimed at enabling sharper strategic focus and greater operational flexibility.
Shashi Kiran Shetty said Vaishnav's appointment reflects the group's intent to strengthen its leadership framework to drive sustainable growth, operational discipline, and digital innovation in a highly competitive global logistics environment. He added that Vaishnav's work in digital transformation and business leadership shows the readiness of the next generation to take on larger responsibilities, while also reinforcing the group's belief in developing leadership internally for long-term continuity and value creation.
Vaishnav joined the Allcargo Group in 2017 and has handled multiple roles across the organisation. As Chief Digital Officer of Allcargo Logistics Ltd, he led the group's digital and innovation agenda and rolled out several industry-first digital solutions that improved customer experience and operational efficiency.
In his role as Executive Director for North Asia at Allcargo Global Ltd, he led strategic initiatives to strengthen and consolidate the company's presence in the region. He also played a key role in developing the digital freight platform ECU360, which further strengthened Allcargo's position in international consolidation and global supply chain solutions.
Adarsh Hegde said Vaishnav represents the next generation of leadership at Allcargo and is well placed to support the company's next phase of growth, particularly with his technology-focused and innovation-driven approach.
Source PTI
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