MD & CEO Ketan Kulkarni to move to Group role; Vijay Nehra named MD Designate

Leadership change announced.

Tue 29 Sep 2026

Outgoing MD & CEO Role Change

Ketan Kulkarni resigns as MD & CEO to become Chief Growth Officer, Allcargo Group, effective January 1, 2027

New MD & CEO Appointment

Vijay Nehra appointed Chief Transformation Officer & MD Designate effective October 1, 2026, becomes MD & CEO January 1, 2027 subject to…

Reporting Structure

Both Ketan Kulkarni and Vijay Nehra will report to Punit Misra, Chief Business Officer, Allcargo Group

What was announced

Allcargo Logistics has disclosed a leadership transition at the top of the company.

• Ketan Kulkarni, currently Managing Director & CEO, has tendered his resignation to take up a new role within the Allcargo Group as Chief Growth Officer, effective January 1, 2027.
• Vijay Nehra has been appointed Chief Transformation Officer and Managing Director Designate, effective October 1, 2026.
• Nehra will assume the role of Managing Director & CEO with effect from January 1, 2027, subject to requisite shareholder approvals.

Transition arrangement

Nehra will work closely with the existing leadership during the transition period of roughly three months before stepping into the MD & CEO role. Kulkarni has said he will work with Nehra over the coming months to ensure a smooth handover.

In his Group role, Kulkarni will spearhead sales and marketing initiatives, with a focus on identifying new growth opportunities across emerging industries. Both Nehra and Kulkarni will report to Punit Misra, Chief Business Officer, Allcargo Group.

Context given by the company

The company describes this as part of the broader strategic restructuring of the Allcargo Group following the demerger, with businesses moving towards more focused leadership and governance structures. The earlier appointment of Dinesh Lal as Chairman was cited as a step in the same direction.

About the incoming MD Designate

Vijay Nehra has held senior leadership roles across financial services, pharmaceuticals, FMCG, e-commerce and technology-led businesses. He was a supply chain professional at Hindustan Unilever, later Head of Finance at Indiabulls Real Estate and Indiabulls Housing Finance, then CEO of Indiabulls Asset Reconstruction Company, and most recently CEO of Ozone Pharma. A Master Mariner, he holds a post graduate programme in management from ISB, Hyderabad and a Bachelor of Nautical Sciences from T. S. Chanakya, University of Mumbai.

What it means for investors

This is a management change rather than a business or financial event. A change of chief executive is often watched closely for continuity of strategy; here the company frames it as a planned realignment, with the outgoing MD & CEO remaining within the Group and a defined overlap period before the handover. The new appointment as MD & CEO is subject to shareholder approval.

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