Delhivery Limited has accepted the resignation of Ajith Pai Mangalore from his position as Chief Operating Officer (COO) and Key Managerial Personnel (KMP). The resignation is effective at the end of business hours on September 15, 2026. Mangalore stated that he is stepping down to pursue other entrepreneurial interests, noting that new COOs have taken full control of operations.

The company disclosed the change in key management personnel to BSE Limited and the National Stock Exchange of India Limited on August 8, 2026. The intimation was issued pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Madhulika Rawat, Company Secretary & Compliance Officer, signed the disclosure letter. She expressed the company’s appreciation for the services rendered by Mangalore during his tenure. The full text of the resignation letter was annexed to the exchange filing as Annexure B.

In his resignation letter, Mangalore acknowledged the leadership of founders Sahil Barua, Mohit Kumar, Suraj Sharma, Kapil Gupta, and Bhavesh Aggarwal. He highlighted the growth of the leadership team from within the organization as a key factor in his decision to step aside. Mangalore confirmed his commitment to supporting a smooth transition of responsibilities before his departure date.

Key Details of Resignation

Mangalore emphasized that he remains a shareholder of the company and will continue to be available for advice if required. He thanked the Board of Directors, ex-board members, investors, and frontline associates for their support over the years.

Delhivery Limited has appointed Vani Venkatesh as its Deputy Chief Executive Officer, effective August 08, 2026. The logistics firm’s Board of Directors approved the elevation at a meeting held on Saturday, August 08, 2026, following a recommendation from the Nomination and Remuneration Committee. This leadership change signals a strategic consolidation of commercial oversight, with Ms. Venkatesh assuming broader responsibilities across revenue generation, marketing, and customer experience.

The appointment was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Ms. Venkatesh will continue to be designated as a Key Managerial Personnel (KMP) of the company. Her terms of appointment align with the company’s existing HR Policy.

Ms. Venkatesh joined Delhivery in February 2025 as Chief Business Officer and KMP, where she took charge of revenue functions. In her expanded role as Deputy CEO, she will lead Revenue functions, Marketing, and Customer Experience. She is expected to work closely with the company’s Operations teams to integrate commercial strategy with logistical execution.

Leadership Profile

Ms. Venkatesh brings over two decades of experience across multiple industry verticals. Before joining Delhivery, she served in various leadership roles at Airtel, including CEO for Global Business, CEO for Delhi NCR Region, Chief Marketing Officer, and CEO for their Retail Business. She also served as a Board member at Nxtra by Airtel and Bharti Telemedia Ltd., representing Airtel on global leadership forums.

Her professional background includes tenures at McKinsey, Unilever, and Abbott Nutrition. Ms. Venkatesh holds a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore. She is also a qualified Chartered Accountant, Cost and Works Accountant, and Company Secretary. The disclosure confirms she is not related to any director of the company.

What This Means for Delhivery

The elevation of an internal leader to the Deputy CEO role suggests a focus on continuity and deepening the integration between revenue strategy and operational delivery. By placing a leader with extensive experience in marketing and business operations at the helm of these combined functions, Delhivery aims to streamline decision-making between its commercial and operational arms. The move strengthens the executive team’s capacity to drive growth through enhanced customer experience and targeted revenue initiatives.