Shashi Kiran Shetty
Shashi Kiran Shetty | |
|---|---|
| Born | June 7, 1957 Bantwal, Karnataka, India |
| Occupation | Businessman |
| Known for | Founder and chairman of Allcargo Group |
Shashi Kiran Shetty (born 7 June 1957) is the visionary founder and current chairman of the Allcargo Group, a conglomerate that encompasses Allcargo Logistics, ECU Worldwide, Gati Limited, among other enterprises.
Early life and education
Originating from Bantwal, Karnataka, India, Shetty completed his bachelor's degree in commerce at Shri Venkatramana Swamy College. In 1978, he relocated to Mumbai to pursue professional opportunities.
Career
Shetty embarked on his journey in the logistics sector in 1978, initially working with Intermodal Transport and Trading Systems Private Limited, followed by Forbes Gokak. At the age of 25, he established Trans India Freight Services Pvt. Ltd.
In 1994, he founded Allcargo Logistics Limited. Under his guidance, the company diversified into Container Freight Stations in 2003, contract logistics in 2016, and logistics parks by 2018. In 2005, Shetty spearheaded the acquisition of ECU-Line (now ECU Worldwide), a global non-vessel operating common carrier. Additional significant acquisitions include Gati Limited in 2020 and the Swedish logistics company Nordicon in 2021.
Shetty also holds the position of chairman on the Board of Governance at IIM Mumbai (previously known as NITIE Mumbai).
Personal life
He is married to Arathi Shetty, who leads the Allcargo Group’s corporate social responsibility initiative through the Avashya Foundation. The couple has two children: a son named Vaishnav Shetty and a daughter named Shloka Shetty.
Awards
- Awarded the title of Commander of the Order of Leopold II by King Philippe of Belgium in 2015.
- Received an Honorary Doctorate from Mangalore University in 2015.
- Honored with the Lifetime Contribution to Freight Award at The Global Freight Awards 2015 by Lloyd's Loading List-Informa in London.
- Conferred with the Rajyotsava award, Karnataka’s second highest civilian accolade, in 2023.
- Granted a D.Sc. Honoris Causa (Honorary Doctorate) by NITTE, Mangalore in November 2023.
- Recipient of the BT Best CEO Award in the Transport & Logistics category for 2023.