How does one know if their logistics services provider is truly committed to excellence? It’s simple, one just needs to widen their scope of vision to see its performance in other aspects. And India’s largest integrated logistics services provider, Allcargo Group, is ticking off all the boxes, by ensuring excellence on all fronts. The recent accolades won by its Finance team is a testament to this.
Fiduciary responsibility and efficiency is always a good indicator for any business, after all whether its investors or the share market, the game of fiscal balances and checks always needs to be won.
Recognising financial prowess
Allcargo Group which has in a short span of 30 years expanded its reach in 180 countries, has charted a stellar path of organic as well as inorganic growth, with a slew of international mergers and acquisitions to its credit. Over the past decade itself the group diversified its logistics portfolio and made forays into new geographies with over 10 mergers and acquisitions. The most recent of which was the strategic acquisition of Gati in 2020, one of India’s premier express distribution companies; a Joint Venture with Nordicon, the leading ocean freight consolidation service provider in the Nordic region with near 40% market share in the neutral LCL segment and extensive rail freight capabilities; and earlier this year there was a Joint Venture with Fair Trade GmbH, one of Germany’s leading ocean freight service providers.
On account of the Finance team’s pivotal role in orchestrating strategic mergers and acquisitions that have expanded Allcargo’s business horizons, and strengthened its prowess in the domain of transport and logistics, Allcargo Group has received outstanding recognition at the Transformance M&A Conclave and Awards 2023 in two categories: ‘M&A Deal of the Year’ and ‘M&A Deal of the Year – Transport & Logistics.’
The Allcargo Group continues to set industry benchmarks by facilitating transformative deals that drive growth and competitiveness.
Recognising exceptional financial personnel
While success is of course a team effort, it is nonetheless driven by outstanding leadership.
Recognising the exceptional financial acumen and visionary leadership, of the group’s Group Chief Financial Officer, Mr. Deepal Shah, was recently bestowed with the prestigious title of ‘Dun & Bradstreet Finance Elite 2023’ at a gathering of the finest financial minds of the country.
Mr. Shah’s inclusion in this elite circle underscores his outstanding contributions and commitment to financial excellence, and his leadership has been instrumental in steering Allcargo Group toward financial resilience and success. Known for his strategic insights, his smart approach has played a pivotal role in Allcargo’s growth and lent adaptability in a dynamic and ever-changing business landscape.
The backbone of any organization, when the finance team of a company shines bright, one knows sound business practices and a commitment to excellence is a part of the deal.