“Allcargo Logistics rose 1.72 percent to ₹135.90 after Suresh Kumar R was appointed as the chief executive officer (CEO) and key managerial personnel (KMP) of the company with effect from January 15, 2021,” reports Business Standard.

The company also announced the resignation of Prakash Tulsiani as CEO-CFS-ICD and key managerial personnel from Allcargo Logistics.

Suresh Kumar R is a B. Tech (mechanical engineering) graduate and a postgraduate in Business Administration from IIM Bangalore. He has rich experience, knowledge and a proven track record of around 28 years in the telecom, consumer, media industries.

“Suresh Kumar R has played a key role in building and growing businesses coupled with change management initiatives. His experience spans designing business strategies, planning investments, enhancing customer delight, improving profitability, digital transformation, and P&L, revenue management,” says the BSE filling of Allcargo Logistics.

Suresh Kumar R was associated with Vodafone Idea as operations director. In Vodafone, Suresh Kumar R was the member of the national leadership team in charge of developing company’s business strategy, investment plans, go-to-market approach and integrating the operations post the merger of Vodafone with Idea. During tenure, Suresh Kumar R has handled a wide variety of leadership roles – starting with sales & marketing, state and regional business operations, and national verticals.

Suresh Kumar R was one of the most respected members of the leadership team, earning many accolades for his outstanding contribution to the growth of Vodafone in India. Earlier, Suresh Kumar R has worked with Wipro Consumer, The Times of India Group, BPL Mobile Cellular and Hutchison Essar Telecom.

Allcargo Logistics’ consolidated net profit fell 13.2 percent to ₹57.99 crore on a 24.7 percent rise in net sales to ₹2,336.56 crore in Q2 September 2020 over Q2 September 2019.