November 01 , 2017
Allcargo to get into last-mile delivery; eyes Rs 1500cr income.
Shashi Kiran Shetty, Chairman of Allcargo Logistics, is plotting the next phase of growth for the company he set up about 25 years ago “after listening to his inner voice”. The integrated logistics firm has traversed organic and inorganic routes including 12 acquisitions, one of which was at least five times the size of the Indian firm.
Shetty’s focus is to turn Allcargo into a $2-billion global leader by 2020.
Bantwal-born (a taluk in Karnataka’s Dakshina Kannada district, 25 kms east of Mangaluru, known for its entrepreneurial spirit) and educated Shetty, referred to as a ‘czar’ in the logistics industry, has always been quick to spot opportunities that make a “strategic fit”.
“We are in a large industry; we are in India and we are global. There is always an opportunity to grow organically in the markets where we operate. That’s clearly one focus,” Shetty told BusinessLine.