Latest news with #AllcargoGroup
CNBC
26-05-2025
- Business
- CNBC
Indian logistics company AllCargo Group prepared for both 'ramp-ups' and 'ramp-downs' in trade
Ravi Jakhar, Allcargo Group CFO & Director for Strategy, explains how the Indian logistics company is handling the week-to-week trade volatility. He says Europe - a big market for them - will likely remain subdued for a while. He also talks about the listing of its international business - which will automatically happen when that part the business is demerged in the coming months.
Business Standard
15-05-2025
- Business
- Business Standard
Allcargo Logistics appoints Ravi Jhakar as CFO
Allcargo Logistics said that its board has appointed Ravi Jakhar as the chief financial officer (CFO) with effect from 19 May 2025. Deepal Shah has resigned from the position of CFO with effect from closing business hours of 16th May 2025. Ravi Jhakar currently serving as designated as Chief Strategy Officer and further, he will be re-designated as director strategy & group CFO. Ravi Jhakar has pursued from IIT BHU and attended a course on entrepreneurship at Harvard Business School. He currently leads the overall strategy for the Allcargo Group and also oversees the finance and business functions on behalf of the board in Allcargos flagship international business ECU Worldwide. He oversees the Latin America region alongside various Joint Ventures the group in Scandinavia, Thailand, Turkey, Peru. He manages the equity fund raising activities for the group, Investor Relationship management and led some of the M&A for the group, like Nordicon, FairTrade, few others. He is on the board of Allcargo Gati, Allcargo Supply Chain and various subsidiaries across the world. Allcargo Logistics, an Allcargo Group company, it is the global market leader in less than container load (LCL) consolidation business operating under ECU Worldwide network. The companys consolidated net profit declined 11.5% to Rs 9.69 crore despite of a 27.8% jump in net sales to Rs 4105.74 crore in Q3 FY25 over Q3 FY24. The counter rallied 3.43% to end at Rs 31.02 on the BSE.
