Veteran financial professional Mr S Suryanarayanan, currently Executive Director of ECU Worldwide, has been elevated as its Group Chief Strategy and Financial Officer. With this change Mr Jatin Chokshi, the current Allcargo Chief Financial Officer who has been an integral part of the building of Allcargo, will be elevated as Chief Investment Officer and will focus on the growing new business verticals.
Mr Suryanarayanan will be responsible for guiding the Financial Strategy for Allcargo and its group companies and report to the Chairman Mr Shashi Kiran Shetty and to the Board. He will also be directly involved in certain strategic initiatives in the Digital and M&A space.
Suryanarayanan, a chartered accountant by profession, spent 10 years with Allcargo, has been involved as a key negotiator in global acquisitions. In his role as an Executive Director, he has been involved in transforming the group as a global leader with presence in over 160 countries and during this period he wore several hats at Allcargo, helming IT and HR intermittently.
“His role has evolved over the years as the company grew. On his part, he rose to the challenges in making our financial health stable and stronger. The new appointment is again in tune with our next phase of growth at the global level. I am sure, he has the ability and experience for the task,” said Allcargo Logistics Chairman Mr. Shashi Kiran Shetty.
He has steered strategic finance and travelled to distant offices of the group to oversee the operational financial well-being of each of ECU country offices. Besides, his deep understanding in fund raising and negotiating skills contributed much to the inorganic growth of the Group. He also played a vital role in the integration of people and processes after back-to-back acquisitions.
“The last ten years have been one exhilarating journey for me both at Allcargo and ECU Worldwide. I thank the management for the faith in me and am hopeful of rising up to their expectations. ” said Mr Suryanarayanan.
Mr Chokshi’s expertise will be utilized into actively managing an important and extensive portfolio consisting of overseeing the new Warehouse vertical where we propose to make investment in phased manner over the next 3 to 4 years. His role will include future land acquisitions for these projects. Additionally, he will also manage the very important area of direct and indirect taxation matters. He will continue to report to Mr Shashi Kiran Shetty.
Mr Chokshi joined Allcargo in 2001 and led the company through its strategic expansion phase in the capacity of CEO of a business vertical, before taking over as the Chief Financial Officer of the Company. He is a veteran in managing investment, treasury and taxation with close to 30 years of experience.
