Post Date : July 26, 2020
Shashi Kiran Shetty, CMD, Allcargo Logistics Ltd will be the new Chairman of Gati Ltd as the Non-Executive Chairman of Gati Ltd, KL Chugh stepped down from the company’s board on July 24.
In a statement released to the media, Mr Shetty said, “The new leadership will strengthen the strategic partnership between the two independent companies, and stimulate the transformation of the group into one of the largest multimodal logistics service providers in the country.”
Allcargo Logistics Ltd, India’s largest integrated logistics solutions provider, had officially entered into the express logistics space by acquiring 46.83% stake in Gati Ltd – a pioneer in the segment in April 2020.
In the previous board meeting, Allcargo’s Joint Managing Director Adarsh Hegde and Chief Investment Officer Jatin Chokshi were inducted into the board, whereas Kaiwan Kalyaniwalla, Cynthia D’Souza, Mohinder Pal Bansal and Dinesh Kumar Lal were appointed as independent directors.