Jakhar brings extensive experience to the CFO role, having driven Allcargo’s strategic initiatives during his tenure as Chief Strategy Officer. His efforts contributed to operational efficiencies and expanded the company’s global presence. With a deep understanding of Allcargo’s financial and strategic frameworks, Jakhar is well-positioned to lead the finance division while fostering long-term growth. The board’s approval of his appointment reflects confidence in his ability to navigate economic challenges and seize emerging opportunities.

Deepal Shah, the outgoing CFO, played a pivotal role in ensuring Allcargo’s financial stability. While the reasons for Shah’s resignation are undisclosed, the company acknowledged his contributions and committed to a smooth transition. Shah’s exit coincides with industry-wide pressures, including global supply chain disruptions, rising fuel costs, and regulatory shifts. Allcargo’s prompt appointment of Jakhar underscores its focus on maintaining continuity and financial resilience.

Allcargo Logistics is a key player in freight forwarding, contract logistics, and express distribution, known for its adaptability to market changes. Jakhar’s dual role as Director Strategy & Group CFO is expected to integrate financial planning with strategic objectives, enhancing Allcargo’s competitive edge. Industry analysts view this move as a strategic effort to align financial oversight with the sector’s digital transformation and growth opportunities.