Delhivery Adds Namita Thapar & Sameer Mehta To Its Board

Delhivery has appointed Namita Thapar, executive director of Emcure Pharmaceuticals, and Sameer Mehta, cofounder and CEO of boAt, as non-executive independent directors on its board.

In a filing with the exchanges, Delhivery said that the appointment will come into effect from February 17, 2025.

Earlier in the day, Delhivery said that former Airtel executive Vani Venkatesh will take over as the company’s chief business officer, starting February 28. 

Meanwhile, the company also announced plans to initiate liquidation of its Bangladesh subsidiary. “It may be further noted that Delhivery Bangladesh is not a material subsidiary of the company, and the dissolution of Delhivery Bangladesh will not affect the turnover/revenue of the company,” Delhivery said in an exchange filing. 

The company further said that Delhivery Bangladesh is a wholly owned subsidiary of Delhivery Singapore, which is a wholly owned subsidiary of Delhivery Limited. 

“However, contribution (of) Delhivery Bangladesh to net worth of Delhivery Singapore is 1.46% and contribution Delhivery Singapore to net worth of the company is 0.25%,” added the company. 

Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati, Delhivery offers last mile, warehousing, freight and transportation services such as express parcel, partial truck load (PTL), full truck load (FTL) and cross border.

In Q3 FY25, Delhivery’s consolidated net profit rose 114% to INR 24.98 Cr from INR 11.7 Cr in the year-ago period. Revenue from operations rose more than 8% to INR 2,378.29 Cr from INR 2,194.46 Cr in Q3 FY24. 

The company’s EBITDA declined marginally to INR 102 Cr during the quarter under review from INR 109 Cr in Q3 FY24. 

Ahead of its Q3 earnings announcement, shares of Delhivery closed Friday’s (February 7) trading session 1.55% lower at INR 316.75 apiece on the BSE.