Delhivery chairman Deepak Kapoor, independent director Saugata Gupta resign from board

Delhivery independent director and chairman of its board Deepak Kapoor has resigned from his position with effect from April 1 as a part of the logistics company’s planned board reconstitution, according to a filing made with the exchanges.

Saugata Gupta, MD and CEO of FMCG company Marico, who is on Delhivery’s board as an independent director has also resigned.

Kapoor had been Delhivery’s chairman for the last eight years and led the company’s board when it went public in 2022.


Gupta had joined the company’s board in 2021.

“Deepak and Saugata have been instrumental in our process of recognising the need for and enabling the reconstitution of the Board of Directors in line with our ambitious next phase of growth,” said Sahil Barua, MD & CEO, Delhivery.

In 2025, the Gurugram-based company had appointed Emcure Pharmaceuticals’ whole-time director Namita Thapar, PB Fintech founder and chairman Yashish Dahiya and IIM Bangalore faculty member Padmini Srinivasan on its board as independent directors.

In a separate stock exchange filing, Delhivery announced that it has granted 70,900 employee stock options to eligible staff, effective February 1. Based on the company’s current BSE share price, the options are worth around Rs 3 crore.

“70,900 options shall vest over a period of 4 years from the date of grant, as per terms of grant and can be exercised any time from the respective date(s) of vesting till an employee continues in the employment of the Company,” Delhivery said in the filing.

Shares of Delhivery ended 2% up on the BSE, closing at Rs 422.50 on Friday.

Delhivery also announced its October–December quarter earnings. The company reported an 18% rise in operating revenue to Rs 2,805 crore and a 56% increase in net profit to Rs 39 crore. The company returned to profitability after a Rs 50 crore loss in the previous quarter due to costs linked to its Ecom Express acquisition.