Delhivery appoints cofounder Suraj Saharan to board

Logistics company Delhivery appointed co-founder Suraj Saharan to its board as whole-time executive director, according to an exchange filing on Friday. He has been appointed for a tenure of five years till May 15, 2030.
Saharan currently acts as the chief people officer at Delhivery, and used to handle the New Ventures vertical at the company earlier.

Apart from Saharan, cofounders Sahil Barua and Kapil Bharti are also on the Delhivery board as executive directors. Barua is also the chief executive officer (CEO) and managing director (MD) of the company.


Saharan was previously associated with Bain & Company India, ICICI Lombard Insurance Company and the Unique Identification Authority of India (UIDAI). He holds a bachelor’s degree in technology from the Indian Institute of Technology, Bombay.

"(Saharan) possesses the necessary skills, competencies, expertise, and extensive experience required for his role as whole-time director (executive director and chief people officer) of the company. His leadership has significantly impacted the company’s success and development," Delhivery said in its exchange filing.

The appointment came shortly before Delhivery posted profit expansion in the January-March quarter, even as revenue growth remained moderate.

The new-age logistics player reported net profit at Rs 72 crore during the period under review against a Rs 68 crore net loss in the corresponding period last year. Operating revenue rose 5% year-on-year (YoY) to Rs 2,191 crore.

E-commerce parcel revenue increased 3% YoY to Rs 1,256 crore. However, ecommerce volumes and revenues sequentially declined by 16% and 14%.

Delhivery announced the acquisition of rival Ecom Express in April for Rs 1,407 crore. It said Friday that the company estimates Rs 300 crore of integration costs.