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November 23 , 2015

Dr. Shashi Kiran Shetty awarded ‘Lifetime Contribution to Freight’ at the Global Freight Awards 2015

Mumbai, November 23, 2015: The Founder and Chairman of Allcargo Logistics Ltd, Dr. Shashi Kiran Shetty was awarded the prestigious “Lifetime Contribution to Freight Award” at the Global Freight Awards 2015. The awards ceremony was held in London on 19th November 2015.

Now in its 19th year, the Global Freight Awards (formerly known as the IFW Awards) is a truly prestigious event, celebrating the expertise of one of the world’s most important industries. The awards are a vibrant celebration of the key players in the world of freight.

This award was presented to Dr. Shetty as recognition for his contribution to the well being of the logistics & freight industry. Spanning a marvelous career of over four decades, Dr. Shetty is the pioneer and a visionary who has taken Indian logistics industry to a global scale. Under his leadership today Allcargo is India's largest logistics company in the private sector listed on BSE & NSE. With presence in over 90 countries and over 200 offices globally, Allcargo is truly an Indian multinational whose consolidated revenues are expected to cross over USD 2 billion by 2020.

This award adds another "prestigious" feather to his cap after being conferred with the "Distinction of Commander of the Order of Leopold II" by the Royalty of Belgium and an "Honorary Doctorate" by Mangalore University in the recent past.

Speaking on the occasion Dr. Shetty said: "This is indeed another proud moment in my professional life. It is truly a privilege to be recognized amongst the global players in the freight and logistics industry. I am thankful for all the support given by my industry colleagues and mentors, without which I wouldn't have achieved this success. We, at Allcargo, will continue to make valuable contributions which will benefit the industry and all the stakeholders in the long run".

About Global Freight Awards – The award honors individuals and companies who have achieved high standards in the freight and logistics industry during the past year.

About Allcargo Logistics Ltd - Allcargo Logistics Ltd., part of The Avvashya Group, is a global leader in integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).