In a significant leadership transition, Allcargo Logistics has appointed Ravi Jakhar as its new Chief Financial Officer (CFO), effective May 19, 2025. The appointment comes at a crucial time for the company as it navigates evolving global logistics challenges and seeks to build on its strong international presence. Jakhar will succeed Deepal Shah, who steps down on May 16 to explore new professional opportunities outside the organization.
A Strategic Leadership Move
Allcargo Logistics made the announcement amid a reshuffle aimed at consolidating its leadership and driving its long-term global strategy forward. Currently serving as the Chief Strategy Officer, Ravi Jakhar will now assume the broader role of Director Strategy and Group CFO. His expanded responsibilities align with the company’s vision of combining strategic oversight with strong financial stewardship across all verticals.
Jakhar has played a vital role in shaping Allcargo’s growth trajectory, making his elevation a strategic and timely decision. The company clearly aims to leverage his extensive experience to maintain its leadership in the global logistics space.
Impressive Credentials and Diverse Global Roles
An alumnus of IIT BHU, Jakhar also pursued executive education in entrepreneurship at Harvard Business School, reflecting his strong academic background. Over the years, he has demonstrated a strong understanding of logistics, finance, and corporate governance.
In his current role, he oversees finance and business operations for ECU Worldwide, which serves as Allcargo’s flagship international business. He also manages operations across Latin America and oversees joint ventures in Scandinavia, Thailand, Turkey, and Peru. This hands-on experience in managing diverse markets has enabled Jakhar to understand the complex dynamics of international logistics.
Proven Track Record in Mergers and Acquisitions
Jakhar has led several key initiatives in mergers and acquisitions, including the high-profile acquisitions of Nordicon and FairTrade. His role in these deals underlines his strategic acumen and ability to deliver long-term value through inorganic growth.
He also leads equity fundraising and investor relations, functions that are critical for maintaining the financial health and transparency of a global logistics player. With the new CFO role, he is expected to streamline these efforts further and provide sharper financial direction to the group.
Active Participation Across Group Companies
Beyond his primary responsibilities, Jakhar serves on the boards of Allcargo Gati, Allcargo Supply Chain, and various global subsidiaries. This broad involvement shows the company’s confidence in his ability to contribute meaningfully at multiple organizational levels.
With his hands in several aspects of the business, Jakhar remains well-positioned to implement cohesive financial strategies that align with operational goals. His board-level roles will also help ensure that strategic decisions translate effectively across departments and geographies.
Financial Performance and Market Reaction
The leadership change comes at a time. When Allcargo Logistics posted a consolidated net profit of ₹9.69 crore for Q3 FY25, reflecting an 11.5% year-on-year decline. Despite the drop in profit, the company reported a 27.8% increase in net sales, reaching ₹4,105.74 crore compared to the same quarter in FY24.
Following the announcement of Jakhar’s appointment, Allcargo’s stock price rose by 3.43%, closing at ₹31.02 on the BSE. This positive market response signals investor confidence in the company’s leadership direction and its broader strategic plans.
Looking Ahead with Renewed Focus
With Ravi Jakhar taking over as CFO. Allcargo Logistics is expected to strengthen its financial and strategic alignment across global markets. His appointment marks not just a change in leadership, but also a renewed focus on innovation, expansion, and long-term value creation.
The company continues to build a strong foundation for sustained growth in the competitive logistics landscape. Through this leadership transition, Allcargo reinforces its commitment to operational excellence and forward-thinking strategy.
