Mr. Shashi Kiran Shetty nominated as Chairman, NITIE, Mumbai


Mr. Shashi Kiran Shetty, Founder and Chairman, Allcargo Logistics, Chairman, ECU Worldwide and Gati Ltd has been nominated because the Chairman of the Nationwide Institute of Industrial Engineering (NITIE), Mumbai by the Ministry of Training, Authorities of India, w.e.f. 07.11.2020

Mr. Shetty is the Founder and Chairman of Allcargo Logistics; India’s greatest built-in logistics providers supplier and world LCL consolidation chief. The group operates in over 160 international locations by greater than 300 workplaces, using greater than 10,000 group members and generates revenues of roughly USD 1.2 billion.

Allcargo was the primary to introduce the idea of Non-Vessel Working Frequent Service (NVOCC) enterprise in India. With the altering enterprise panorama, Allcargo ventured into Container Freight Stations, Venture Logistics, and Contract Logistics. It additionally leveraged alternatives to enter Categorical Distribution, First and Final Mile Deliveries and Decide-up and Logistics Parks companies. Allcargo’s newest strategic acquisition within the Indian logistics house is Gati Ltd., in 2020. It’s a publicly traded firm; India’s largest and a pioneer in specific distribution. Since July 2020, Mr Shetty has been the Chairman of Gati Ltd.

Below Mr. Shetty’s management, the group has had a number of profitable world acquisitions. Important amongst these are Belgium-based ECU-Line (now ECU Worldwide) whose revenues had been virtually 5 instances that of Allcargo Logistics. The group expanded its world footprint by buying She Maritime, UK; China Consolidators, Hong Kong; FCL Marine Companies, Netherlands; Econocaribe Consolidators, USA. In India, the teams acquisitions continued with Hindustan Cargo and MHTC Logistics. Allcargo then forayed into Contract Logistics by a brand new entity, Avvashya CCI, fashioned by buying controlling stake in CCI Logistics, India. Allcargo operates a facility at Asia’s largest ICD at Dadri, by a Joint Enterprise with Container Company of Indian (CONCOR).

Mr. Shetty was conferred with Belgium’s highest civilian honor ‘Distinction of Commander

of the Order of Leopold II’ by H.M. King Philippe in 2015. The ‘Lifetime Contribution to Freight Award’ on the International Freight Awards, London, ‘Entrepreneur of the Yr’ within the Providers Class by Ernst & Younger, ‘International Visionary’ on the Financial Instances Household Enterprise Awards, ‘International Indian Maritime Character’ by the Maharashtra Chamber of Commerce, Business and Agriculture; ‘CEO of the yr with Finest HR Orientation’ at Asia’s Finest Employer Model Awards are a few of his different nationwide and worldwide recognitions. The College of Mangalore conferred him with an ‘Honorary Doctorate’ for his exceptional skilled achievements in addition to for his philanthropic contributions.

Mr. Shetty is a agency believer of conducting enterprise with highest company governance requirements.

Sustainability is an integral a part of the Allcargo group. Mr. Shetty can also be concerned in initiatives of Avashya Basis, Allcargo’s CSR arm and helps social welfare actions. His passionate concern for environmental sustainability has led to initiatives like Allcargo Greens and Maitree. His contributions have been making a major distinction throughout atmosphere, schooling, healthcare, ladies’s empowerment, catastrophe aid and sports activities.

Mr. Shetty is a sports activities fanatic, an avid golfer and an arts aficionado.

Through the years, NITIE (Nationwide Institute of Industrial Engineering) has created a distinct segment inside a distinct segment by providing in-depth and numerous applications in classes reminiscent of expertise, manufacturing, technique and sustainability. The celebrated institute has been instrumental in altering the lives of all its college students for the higher by coaching younger minds to be a very good match for related industries. Situated on the business-centre of South-East Asia, Mumbai, NITIE serves because the Mecca of provide chain and operations.

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