Delhivery, India’s leading logistics and supply chain company, has announced the appointment of Namita Thapar, Executive Director at Emcure Pharmaceuticals, and Sameer Mehta, Co-Founder and CEO of boAt Lifestyle, as Non-Executive Directors on its Board. Their appointments will be effective from February 17, 2025.
Strengthening Leadership with Industry Experts
Namita Thapar brings extensive experience from the pharmaceutical sector, where she has played a key role in growing Emcure Pharmaceuticals into an ₹8,000 crore business. She is also widely recognized as a panelist on the startup funding show Shark Tank India.
Sameer Mehta, on the other hand, has transformed boAt Lifestyle into one of the leading consumer electronics brands in India. Before co-founding boAt in 2014, he launched Redwood Interactive, the parent company of gaming accessories brand RedGear.
Delhivery’s Vision for the Future
Welcoming the new board members, Sahil Barua, Co-Founder & CEO of Delhivery, expressed his enthusiasm, stating:
“We’re thrilled to have Namita Thapar and Sameer join Delhivery. Namita’s leadership in driving high-growth businesses and her innovation in the healthcare sector will bring valuable strategic insights. Sameer’s extensive entrepreneurial experience and deep understanding of evolving consumer expectations will further enhance our logistics services and strengthen our market position.”
Founded in 2011, Delhivery has grown into India’s largest fully-integrated logistics service provider, offering comprehensive solutions, including last-mile delivery, warehousing, freight, and supply chain management. With a strong focus on technology and efficiency, the company continues to redefine logistics and e-commerce fulfillment across the country.
Financial Performance in Q3 FY25
Delhivery’s latest financial results showcase impressive growth, reflecting its strong market position. In Q3 FY25, the company’s net profit surged by 114%, reaching ₹24.98 crore, a significant jump from ₹11.7 crore in Q3 FY24. Revenue also witnessed steady growth, rising over 8% to ₹2,378.29 crore, compared to ₹2,194.46 crore in the same period last year. However, EBITDA saw a slight decline, dropping to ₹102 crore from ₹109 crore in Q3 FY24, indicating a marginal impact on operational profitability despite the overall financial uptrend.
Strategic Growth & Market Expansion
With these leadership additions and solid financial results, Delhivery aims to strengthen its market position, enhance operational efficiency, and drive innovation in the logistics industry.
Learning for Startups and Entrepreneurs
- Strategic Board Appointments: Bringing in leaders with diverse industry experience can provide valuable insights and drive growth.
- Leadership Enhancement: Appointing seasoned professionals to key roles can strengthen business operations and strategic direction.
- Operational Streamlining: Evaluating and restructuring subsidiaries ensures focus on core operations and financial health.
- Financial Performance Monitoring: Regular assessment of financial metrics like net profit and EBITDA is crucial for sustainable growth.
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