Allcargo Logistics appoints VS Parthasarathy as Vice Chairman

27 Jan 2022 , 10:19 AM

Allcargo Logistics Limited has appointed veteran industry leader V S Parthasarathy as the Vice-Chairman with effect from January 25, 2022. His role as non-executive non-independent Vice Chairman of the company will be to guide, mentor, and help drive the transformation of the company along with subsidiaries ECU Worldwide and Gati Limited.

The company said in a filing that Parthasarathy, who spent more than 21 years with Mahindra Group, is a much-awarded professional, thought leader, and votary of transformational changes with over 35 years of rich experience wherein he has successfully led businesses, functions, and organization transformations. He is a well-recognized speaker in the fields of finance and IT.

“We are steadfastly on a transformation journey through a legion of high-powered projects. We will go far beyond institutionalising these efforts, and will leverage the emerging opportunities further in our aspirational journey towards becoming a truly digitised global logistics company. The appointment of Mr. V S Parthasarathy will accelerate our next phase of growth with his indefatigable guidance, mentorship and counsel to business leaders,” said Shashi Kiran Shetty, Chairman, Allcargo Logistics.

At his last full-time assignment with Mahindra Group, he was the President of Mobility Services Sector. He was also the Group CFO & Group CIO for Mahindra Group for Seven years. Besides this, he was a member of the Mahindra Group Executive Board. Before joining Mahindra group, he had worked with Modi Xerox for 15 years.

At Allcargo Logistics, Parthasarathy will guide and advise various functional leaders to enable business growth. As a thought leader, he will facilitate to help create and drive strategy, develop and nurture talent & capability, mentor and guide the key leadership team across the group.

At around 10.08 am, Allcargo Logistics Ltd was trading at Rs338.50 per piece down by Rs0.55 or 0.16% from its previous closing of Rs339.05 per piece on the BSE.