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Sameer Mehta joins Delhivery
Gurugram-based logistics company Delhivery has announced the appointment of Sameer Mehta, Co-Founder and CEO of boAt Lifestyle, as a non-executive independent director to the board of the company.
The company has also announced the appointment of Emcure Pharmaceuticals' executive Namita Thapar as a non-executive independent director to the company's board.
Earlier this week, the Sahil Barua-led company appointed former Airtel executive Vani Venkatesh as its Chief Business Officer (CBO).
Who is Sameer Mehta?
Sameer Mehta holds a B.Com. degree from Narsee Monjee College of Commerce and Economics, Mumbai. He founded boAt in 2014 along with co-founder Aman Gupta and has led it to become the leading consumer wearable tech brand globally.
Prior to this, he had also co-founded and run Redwood Interactive, which owned ‘RedGear,’ a prominent gaming brand in India.
Leadership comments
Commenting on the appointment, Sahil Barua, Managing Director and CEO, said, "Sameer brings more than two decades of entrepreneurial experience to Delhivery’s Board, and we look forward to his insights on what consumers expect from brands and logistics in the decade to come”.
Delhivery claims to have a nationwide network covering over 18,700 pin codes. The company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services.
Since its inception, it has fulfilled over 3.2 billion shipments and today works with over 38,000 customers, including large and small e-commerce participants, SMEs, and other enterprises and brands.
Delhivery's financial performance
Delhivery has reported a 114% year-on-year jump in consolidated net profit to Rs 25 crore for the third quarter of fiscal year 2024-25 (FY25), up from Rs 11.7 crore in the same period last year.
This marks the second consecutive time the company has turned profitable since its listing in 2022. Revenue from operations rose 8% to Rs 2,378 crore, compared with Rs 2,194 crore a year earlier.