Allcargo Logistics Announces the Appointment of Adarsh Hegde as the Jt. Managing Director

Allcargo Logistics Ltd., India’s leading integrated logistics provider and a part of the Avvashya group, today announced that Mr. Adarsh Hegde has been elevated as the Joint Managing Director with effect from 1st July, 2016.

Mr. Hegde has been with the company since its inception in 1993 and has played a pivotal role in Allcargo's growth story. His astute business sense and innovative methods have been instrumental in generating exponential growth opportunities for the Container Freight Station as well as to other businesses in India and internationally.

Commenting on the appointment Mr. Shashi Kiran Shetty, Founder & Chairman, Allcargo Logistics Ltd said: “Adarsh’s aptitude and contributions have been invaluable to the Allcargo growth journey. Adarsh espouses a hands-on management style and is greatly respected for his people management skills, simplicity and industry wide relationships. We are sure that in the new role he will work with me more than ever before in the future growth of our business. We wish him well in his new position and success in his new role.” 

As the Joint Managing Director at Allcargo Logistics, Mr. Hegde will oversee the business of CFS & ICD, project forwarding & engineering solutions, E-commerce logistics, coastal shipping, and contract logistics.  In these areas, he will be responsible for crafting business strategy, developing strong leadership team and supporting initiatives to accelerate profitable growth. In addition, Mr. Hegde will continue to play a key role in overall group governance and business development.

About Allcargo Logistics Ltd.

Allcargo Logistics Ltd., part of The Avvashya Group, is the leading integrated logistics solutions provider in India. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations, Coastal Shipping services with 5 owned and operated ships and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).