Allcargo Logistics Limited announced that the board of directors have approved the appointment of Mr. Hetal Gandhi as an additional non-executive independent director with effect from February 8, 2024, for a term of 3 (Three) consecutive years, based on the recommendation of the Governance and Nomination & Remuneration Committee. This is to affirm that Mr. Hetal Gandhi has not been debarred from holding the office of director by virtue of any SEBI order or any other such authority. Mr. Hetal Gandhi has experience spanning over 3 decades across the entire spectrum of financial services encompassing private equity, infrastructure development /financing and investing, corporate lending, financial and business re-structuring, mergers and acquisitions, and capital markets.

In 2006, Mr. Gandhi co-founded the India Advisory firm for Tano Capital, a mid-market Private Equity Fund manager that successfully invested, across sectors, in companies with growth potential. Mr. Gandhi continues to serve as an Independent Director on the Board of well-known companies, both listed and private. Leveraging on his Private Equity experience, Mr. Gandhi actively contributes in the key areas of strategy, organisation building and execution, thereby helping the companies to scale up significantly.

Mr. Gandhi is a certified member of the Institute of Chartered Accountants of India.