Ajay Virmani
Founder at CARGOJET INC.
Net worth: 37 M $ as of 2024-03-30
Profile
Ajay K.
Virmani is the founder of Canada 3000 Cargo, Inc. (founded in 2001) and Cargojet, Inc. (founded in 2002).
He is currently the Executive Chairman & President of Cargojet, Inc. since 2024.
Additionally, Mr. Virmani is currently the President & Chief Executive Officer of Cargojet GP, Inc. since 2005, an Independent Director at The Toronto-Dominion Bank since 2022, a Director at Cargojet Airways Ltd., and a Director at Invest Ontario.
Previously, he served as the President & Chief Executive Officer of Cargojet Income Fund from 2005 to 2011, President & Chief Executive Officer of Fastair Cargo Systems Ltd.
from 1990 to 2000, President & Chief Executive Officer of Commercial Transport International (Canada) Ltd.
from 1990 to 2000, President of EGL, Inc. from 2000 to 2001, and Senior Vice President of Cottrell Transport, Inc. from 1977 to 1990.
Mr. Virmani holds an MBA degree from City University of New York, conferred in 1985.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
CARGOJET INC.
2.50% | 2024-03-14 | 422,475 ( 2.50% ) | 36 M $ | 2024-03-30 |
TORONTO-DOMINION BANK
0.00% | 2024-02-19 | 11,765 ( 0.00% ) | 710 371 $ | 2024-03-30 |
Ajay Virmani active positions
| Companies | Position | Start |
|---|---|---|
| CARGOJET INC. | Founder | 2001-12-31 |
| THE TORONTO-DOMINION BANK | Director/Board Member | 2022-08-23 |
| Cargojet GP, Inc. | Chief Executive Officer | 2004-12-31 |
Cargojet Airways Ltd.
 Cargojet Airways Ltd. AirlinesTransportation Cargojet Airways Ltd provides air cargo transportation services. The company is headquartered in Mississauga, Canada. | Director/Board Member | - |
| Invest Ontario | Director/Board Member | - |
Former positions of Ajay Virmani
| Companies | Position | End |
|---|---|---|
Cargojet Income Fund
 Cargojet Income Fund AirlinesTransportation Cargojet Income Funds provides domestic and transborder air cargo services, flight crews, maintenance, flight operations, ground handlers and customer service representatives. The company is headquartered in Mississauga, Canada. | President | 2011-01-05 |
EGL, Inc.
 EGL, Inc. Air Freight/CouriersTransportation EGL, Inc. provides transportation and logistics services. It offers air and ocean freight forwarding, customs brokerage, materials management, warehousing, and supply chain management services. The company was founded in March 1984 by James Crane and is headquartered in Houston, TX. | President | 2000-12-31 |
Commercial Transport International (Canada) Ltd.
 Commercial Transport International (Canada) Ltd. Air Freight/CouriersTransportation Part of Eagle USA Airfreight, Inc., Commercial Transport International (Canada) Ltd. is a Canadian company that provides air freight forwarding services. The private company is based in Mississauga, Canada. | Chief Executive Officer | 1999-12-31 |
Fastair Cargo Systems Ltd.
 Fastair Cargo Systems Ltd. Air Freight/CouriersTransportation Part of Eagle USA Airfreight, Inc., Fastair Cargo Systems Ltd is a Canadian company that provides air freight forwarding services. The private company is based in Winnipeg, Canada. | Chief Executive Officer | 1999-12-31 |
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Training of Ajay Virmani
| City University of New York | Masters Business Admin |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 2 |
|---|---|
| THE TORONTO-DOMINION BANK | Finance |
| CARGOJET INC. | Transportation |
| Private companies | 9 |
|---|---|
EGL, Inc.
EGL, Inc. Air Freight/CouriersTransportation EGL, Inc. provides transportation and logistics services. It offers air and ocean freight forwarding, customs brokerage, materials management, warehousing, and supply chain management services. The company was founded in March 1984 by James Crane and is headquartered in Houston, TX. | Transportation |
Cargojet Income Fund
Cargojet Income Fund AirlinesTransportation Cargojet Income Funds provides domestic and transborder air cargo services, flight crews, maintenance, flight operations, ground handlers and customer service representatives. The company is headquartered in Mississauga, Canada. | Transportation |
Cargojet Airways Ltd.
Cargojet Airways Ltd. AirlinesTransportation Cargojet Airways Ltd provides air cargo transportation services. The company is headquartered in Mississauga, Canada. | Transportation |
Fastair Cargo Systems Ltd.
Fastair Cargo Systems Ltd. Air Freight/CouriersTransportation Part of Eagle USA Airfreight, Inc., Fastair Cargo Systems Ltd is a Canadian company that provides air freight forwarding services. The private company is based in Winnipeg, Canada. | Transportation |
Canada 3000 Cargo, Inc.
 Canada 3000 Cargo, Inc. AirlinesTransportation Part of Flagship International Marketing Ltd, Canada 3000 Cargo, Inc. provides air freight transportation services. The private company is based in Waverley, Canada. The Canadian company was founded by Dan Mills, Ajay K. Virmani. Canada 3000 Cargo was acquired by Flagship International Marketing Ltd from Canada 3000, Inc. on January 31, 2002. | Transportation |
Commercial Transport International (Canada) Ltd.
Commercial Transport International (Canada) Ltd. Air Freight/CouriersTransportation Part of Eagle USA Airfreight, Inc., Commercial Transport International (Canada) Ltd. is a Canadian company that provides air freight forwarding services. The private company is based in Mississauga, Canada. | Transportation |
| Cargojet GP, Inc. | |
| Cottrell Transport, Inc. | |
| Invest Ontario |
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