Allcargo Logistics appoints Vijay Nehra CEO in January 2027

Allcargo Logistics will appoint Vijay Nehra as managing director and chief executive officer on January 1, 2027, replacing Ketan Kulkarni, who will become Chief Growth Officer of Allcargo Group on the same date. Nehra is currently Chief Transformation Officer and managing director designate, with more than 27 years of leadership experience.

What is Allcargo’s leadership transition plan?

Allcargo’s leadership transition is scheduled for January 1, 2027, when Nehra will become managing director and chief executive officer and Kulkarni will move to the Chief Growth Officer role at Allcargo Group. The management-team disclosure identifies Nehra as the managing director designate before the effective date.

The board presentation lists Nehra as an Additional Director, Chief Transformation Officer and managing director designate. Kulkarni remains Allcargo’s current managing director and chief executive officer, establishing a defined shift from the current operating leadership to Nehra’s planned mandate in 2027.

The disclosed change follows Q2FY27 consolidated revenue from operations of Rs 555 crore, compared with Rs 537 crore in Q2FY26, an increase of 3.4%. In H1FY27, revenue was Rs 1,101 crore, up 7.1% from Rs 1,028 crore in H1FY26.

Who is Vijay Nehra and what experience does he bring?

Nehra brings more than 27 years of leadership experience across supply chain, logistics, operations, finance, transformation and strategy, according to Allcargo. His current Chief Transformation Officer role connects his present responsibilities with the planned chief executive appointment on January 1, 2027.

Allcargo says Nehra has held senior leadership positions at Ozone Pharmaceuticals, Indiabulls Group and Hindustan Unilever. It identifies business restructuring, operational excellence, logistics, finance and strategy as his areas of expertise, but does not disclose financial targets or transition milestones specifically assigned to him before 2027.

The management team includes leaders across the company’s two named operating areas. Bipin Reghunathan is Chief Business Officer for Consultative Logistics and has more than 30 years of supply-chain and logistics leadership experience, while Amit Chhari heads Express operations and Samir Ahuja heads Express sales with 29-plus years across telecom, retail and logistics.

What will Ketan Kulkarni do after the CEO handover?

Kulkarni will assume the role of Chief Growth Officer, Allcargo Group, effective January 1, 2027. The presentation does not specify the duties, performance measures or reporting lines associated with that group-level role.

Kulkarni has more than three decades of leadership experience across logistics, consumer durables, fast-moving consumer goods, beverages and travel goods. Allcargo also notes his more than 17-year tenure as Chief Commercial Officer at Blue Dart Express, part of DHL Group, where it says he led sustainable and strategic growth initiatives.

The new group role will follow his leadership of a network with more than 700 facilities, more than 90 hubs, more than 80 logistics parks and about 2,800 people. Allcargo also reports 12 million-plus square feet of distribution and warehousing space and eight air logistics centres, although it does not state whether these assets will fall within Kulkarni’s future remit.

What business and financial position will Nehra inherit?

Nehra will take over a business offering Surface Express Distribution, Air Express Distribution, Consultative Logistics and Special Services. Surface Express has more than 9,000 trucks and reaches 100% of serviceable pin codes, while Air Express has airline alliances offering more than 1,500 departures a day.

Air Express provides assured delivery within 24 hours in 64 cities and within 48 hours in 576 cities, with presence at 24 airports. Consultative Logistics includes long-haul transportation, distribution centres, in-plant logistics and milk-run services, alongside just-in-time and just-in-sequence capabilities.

Allcargo reported gross profit of Rs 174 crore in Q2FY27, up 13.0% from Rs 154 crore in Q2FY26, exceeding the 3.4% revenue growth rate. Earnings before interest, tax, depreciation and amortisation, or EBITDA, rose 24.2% to Rs 77 crore from Rs 62 crore, while gross margin increased to 31.4% from 28.7% and EBITDA margin rose to 13.9% from 11.5%.

Profit after tax was Rs 19 crore in Q2FY27, compared with a loss of Rs 5 crore in Q2FY26. For H1FY27, EBITDA rose 30.1% to Rs 148 crore from Rs 113 crore, while profit after tax was Rs 33 crore against a loss of Rs 15 crore in H1FY26.

The September 2026 consolidated balance sheet reported total assets of Rs 1,758 crore, compared with Rs 1,736 crore in March 2026. Equity increased to Rs 606 crore from Rs 574 crore over the same period, while current investments of Rs 109 crore were investments in liquid mutual funds.

Conclusion

Allcargo has set out a dated succession plan in which Nehra moves from Chief Transformation Officer and managing director designate to managing director and chief executive officer on January 1, 2027. His stated experience in restructuring, operations, finance and logistics comes as the company reported Rs 77 crore of Q2FY27 EBITDA and a 13.9% EBITDA margin.

The next disclosed event is the January 1, 2027 leadership change, including Kulkarni’s move to Chief Growth Officer at Allcargo Group. Investors can watch for further disclosure on Nehra’s transition priorities, Kulkarni’s responsibilities and progress on the finance enterprise-resource-planning transformation, warehouse-management system and planned 1.1-megawatt solar capacity expansion.