Deepal Shah has resigned from the position of CFO with effect from closing business hours of 16th May 2025, to pursue opportunities outside the organisation.
Ravi Jhakar currently serving as chief strategy officer, has been appointed as CFO and will be re-designated as director strategy & group CFO.
Ravi Jhakar has pursued B.Tech 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 Allcargo’s 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 company’s 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.