Shashi Kiran Shetty Explained
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]
Early life and education
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.
Career
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
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
Notes and References
- Web site: Gati Appoints Shashi Kiran Shetty as New Chairman . 2020-07-31 . BW people . en.
- Web site: Kaka's Aashirwad is 'dream come true' for Bandra tycoon - Mumbai Mirror -. 2016-06-30.
- Web site: Janardhan . Arun . 2018-02-02 . Shashikiran Shetty: All about cargo . 2022-07-31 . mint . en.
- Web site: Karun . Shenoy . January 8, 2017 . Sujit . John . An experience of wealth: Tales of the Kannadiga crorepatis . 2022-07-31 . The Times of India . en.
- Web site: Zaveri . Jimit . July 22, 2021 . Initiating Coverage Allcargo Logistics Ltd. . April 22, 2022 . HDFC securities.
- Web site: 2011-04-13 . Riding the tide: The Shettys of Allcargo . 2022-07-31 . Business Today . en.
- Joshi . G. . Shetty . Rakesh . 2013-12-31 . Leadership for Expansion, Growth and CSR Initiatives: The Case of Allcargo Logistics Limited . Nitte Management Review . en . Rochester, NY.
- News: First-gen entrepreneur Shashi Kiran Shetty feels family has played a huge role in Allcargo Logistics . The Economic Times . 2022-07-31.
- Web site: Kurup . Rajesh . April 25, 2022 . Following the demerger, each business will have an independent structure with mirror shareholding: Shashi Kiran Shetty, chairman, Allcargo Logistics, ECU Worldwide and Gati . 2022-07-31 . Financialexpress . en.
- Web site: 2021-07-30 . Allcargo acquires 65% stake in Swedish logistics firm Nordicon Group . 2022-07-31 . cnbctv18.com . en.
- Web site: Mr. Shashi Kiran Shetty nominated as Chairman, NITIE, Mumbai . 2020-11-13 . The Times of India.
- Web site: Board Governor NITIE . 2020-11-13 . www.nitie.ac.in.
- Web site: Divekar . Aditi . 2020-10-28 . Ministry of education appoints Shashi Kiran Shetty as chairman of NITIE . 2022-07-31 . www.business-standard.com . en.
- News: Gupte . Masoom . Celebrations on-board: Allcargo's Shashi Kiran Shetty's mantra for some R&R . The Economic Times . 2022-07-31.
- News: First-gen entrepreneur Shashi Kiran Shetty feels family has played a huge role in Allcargo Logistics . The Economic Times . 2022-07-31.
- Web site: Mangalore Varsity Honorary Degree for Billionaire . 2022-07-31 . The New Indian Express.
- News: Kamila . Raviprasad . 2015-06-16 . Former IISc director chosen for honorary doctorate . en-IN . The Hindu . 2022-07-31 . 0971-751X.
- Web site: 2015-06-16 . Mangalore varsity to honour prominent personalities . 2022-07-31 . Deccan Herald . en.
- Web site: Winners announced: Global Freight Awards 2015 - Lloyd's Loading List . 2022-07-31 . www.lloydsloadinglist.com.
- Web site: Shashi Kiran Shetty awarded ‘Lifetime Contribution to Freight’ at Global Freight Awards 2015 . 2022-07-31 . IIFL - India Infoline . en.
- News: 2023-11-01 . Isro chairman S Somanath, Asiad medallists among 68 Karnataka Rajyotsava awardees . The Times of India . 2023-12-05 . 0971-8257.
- Web site: Bureau . BL Mangaluru . 2023-10-30 . Nitte to confer honorary doctorate on Shashikiran Shetty of Allcargo . 2023-12-05 . BusinessLine . en.
- Web site: 2023-04-27 . Best CEOs: How Shashi Kiran Shetty wants to make Allcargo India's preeminent logistics player . 2023-12-16 . Business Today . en.