Shashi Kiran Shetty (born 7 June 1957) is the founder and chairman of Allcargo Group, which comprises companies Allcargo Logistics, ECU Worldwide, Gati Limited[1] and others.[2]
Shashi Kiran Shetty | |
|---|---|
 | |
| Born | 7 June 1957 |
| Nationality | Indian |
| Alma mater | Sri Venkataramana Swamy College, Bantwal |
| Occupation | Businessman |
| Years active | 1978–present |
| Title | Chairman and Managing Director, Allcargo Logistics; Chairman, ECU Worldwide; Chairman, Gati Limited |
| Spouse | Arathi Shetty |
| Children | Vaishnav and Shloka |
| Awards | Commander, Order of Leopold II (2015) |
Early life and education edit
Shetty was born on 7 June 1957 in Bantwal, a small town in Dakshina Kannada district, Karnataka, India. He pursued his bachelor's degree in commerce from Shri Venkatramana Swamy College.[3] Later, in 1978 he moved to Mumbai for employment.[2]
Career edit
Starting his career in the logistics industry in 1978 with Intermodal Transport and Trading Systems Private Limited, he subsequently moved to Forbes Gokak. At 25, he established his first business venture, Trans India Freight Services Pvt. Ltd.[4]
In 1994, Shetty started Allcargo Logistics Limited which commenced operations in 1994.[5]
Experienced in the logistics sector, Shetty guided Allcargo's entry into verticals that included Container Freight Stations in 2003, contract logistics in 2016, and logistics parks in 2018.[6] In 2005, he steered the acquisition of global non-vessel operating common carrier ECU-Line (now ECU Worldwide).[7][8] Several other mergers and acquisitions Shetty steered over the past decade which includes Gati Limited in 2020[9] and Nordicon in 2021.[10]
Shetty is the chairman of the Board of Governance of IIM Mumbai (after NITIE became IIM Mumbai).[11][12][13]
Personal life edit
Shetty is married to Arathi Shetty, who spearheads Allcargo's CSR arm, Avashya Foundation. He has one son, Vaishnav Shetty, and one daughter, Shloka Shetty.[14]
Awards edit
- Appointed as Commander of the Order of Leopold II by King Philippe of Belgium in 2015.[15]
- Received an Honorary Doctorate from the Mangalore University in 2015.[16][17][18]
- Lifetime Contribution to Freight Award at The Global Freight Awards 2015, Lloyd's Loading List-Informa, London.[19][20]
- In 2023, he was conferred the Rajyotsava award, the second highest civilian honor of Karnataka state.[21]
- On account of his achievements in business, Shetty was conferred the D.Sc. Honoris Causa (Honorary Doctorate) by NITTE, Mangalore in November 2023.[22]
- In 2023, he received the BT Best CEO Award in the Transport & Logistics category.[23]
References edit
- ^ "Gati Appoints Shashi Kiran Shetty as New Chairman". BW people. Retrieved 31 July 2020.
- ^ a b "Kaka's Aashirwad is 'dream come true' for Bandra tycoon - Mumbai Mirror -". Retrieved 30 June 2016.
- ^ Janardhan, Arun (2 February 2018). "Shashikiran Shetty: All about cargo". mint. Retrieved 31 July 2022.
- ^ Karun, Shenoy; John, Sujit (8 January 2017). "An experience of wealth: Tales of the Kannadiga crorepatis". The Times of India. Retrieved 31 July 2022.
- ^ Zaveri, Jimit (22 July 2021). "Initiating Coverage Allcargo Logistics Ltd" (PDF). HDFC securities. Retrieved 22 April 2022.
- ^ "Riding the tide: The Shettys of Allcargo". Business Today. 13 April 2011. Retrieved 31 July 2022.
- ^ Joshi, G.; Shetty, Rakesh (31 December 2013). "Leadership for Expansion, Growth and CSR Initiatives: The Case of Allcargo Logistics Limited". Nitte Management Review. Rochester, NY.
- ^ "First-gen entrepreneur Shashi Kiran Shetty feels family has played a huge role in Allcargo Logistics". The Economic Times. Retrieved 31 July 2022.
- ^ Kurup, Rajesh (25 April 2022). "Following the demerger, each business will have an independent structure with mirror shareholding: Shashi Kiran Shetty, chairman, Allcargo Logistics, ECU Worldwide and Gati". Financialexpress. Retrieved 31 July 2022.
- ^ "Allcargo acquires 65% stake in Swedish logistics firm Nordicon Group". cnbctv18.com. 30 July 2021. Retrieved 31 July 2022.
- ^ "Mr. Shashi Kiran Shetty nominated as Chairman, NITIE, Mumbai". The Times of India. Retrieved 13 November 2020.
- ^ "Board Governor | NITIE". www.nitie.ac.in. Retrieved 13 November 2020.
- ^ Divekar, Aditi (28 October 2020). "Ministry of education appoints Shashi Kiran Shetty as chairman of NITIE". www.business-standard.com. Retrieved 31 July 2022.
- ^ Gupte, Masoom. "Celebrations on-board: Allcargo's Shashi Kiran Shetty's mantra for some R&R". The Economic Times. Retrieved 31 July 2022.
- ^ "First-gen entrepreneur Shashi Kiran Shetty feels family has played a huge role in Allcargo Logistics". The Economic Times. Retrieved 31 July 2022.
- ^ "Mangalore Varsity Honorary Degree for Billionaire". The New Indian Express. Retrieved 31 July 2022.
- ^ Kamila, Raviprasad (16 June 2015). "Former IISc director chosen for honorary doctorate". The Hindu. ISSN 0971-751X. Retrieved 31 July 2022.
- ^ "Mangalore varsity to honour prominent personalities". Deccan Herald. 16 June 2015. Retrieved 31 July 2022.
- ^ "Winners announced: Global Freight Awards 2015 - Lloyd's Loading List". www.lloydsloadinglist.com. Retrieved 31 July 2022.
- ^ "Shashi Kiran Shetty awarded 'Lifetime Contribution to Freight' at Global Freight Awards 2015". IIFL - India Infoline. Retrieved 31 July 2022.
- ^ "Isro chairman S Somanath, Asiad medallists among 68 Karnataka Rajyotsava awardees". The Times of India. 1 November 2023. ISSN 0971-8257. Retrieved 5 December 2023.
- ^ Bureau, BL Mangaluru (30 October 2023). "Nitte to confer honorary doctorate on Shashikiran Shetty of Allcargo". BusinessLine. Retrieved 5 December 2023.
- ^ "Best CEOs: How Shashi Kiran Shetty wants to make Allcargo India's preeminent logistics player". Business Today. 27 April 2023. Retrieved 16 December 2023.