Delhivery Limited has elevated Vani Venkatesh to the position of Deputy Chief Executive Officer, effective immediately. The appointment expands Ms. Venkatesh’s scope to include leadership of Revenue functions, Marketing, and Customer Experience, while she continues to collaborate closely with the company’s Operations teams. This executive reshuffle signals a strategic consolidation of commercial leadership under a single senior officer as the logistics provider refines its operational structure.

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sahil Barua, Managing Director and CEO of Delhivery, stated that the elevation reflects Ms. Venkatesh’s increasing responsibilities and impact at the company. He described the move as part of a broader commitment to training executive leadership within the organization to perform multiple new roles.

Ms. Venkatesh joined Delhivery in February 2025 as Chief Business Officer and Key Managerial Personnel (KMP), initially taking charge of revenue functions. Her promotion follows a series of leadership appointments earlier this year aimed at strengthening the executive bench. These included Varun Bakshi as Chief Sales Officer, Vikas Kapoor as Chief Strategy Officer, Sunny Raja as Chief Procurement Officer, and Arun Bagavathi, Prashant Gazipur, and Nikhil Ummat as Chief Operating Officers.

In a related development, Ajith Pai, Chief Operating Officer and KMP, will depart the company effective close of business hours on September 15, 2026. Mr. Pai, a founding member of Delhivery, will explore opportunities on his own after transitioning his responsibilities to the new executive operations leadership. Mr. Barua acknowledged Mr. Pai’s invaluable contributions since the beginning of the company, noting his tenure as CFO and subsequently as COO.

Executive Leadership Changes

The following table outlines the recent key leadership changes at Delhivery Limited:

Strategic Context

The consolidation of revenue, marketing, and customer experience under Ms. Venkatesh aligns with Delhivery’s focus on integrating front-end commercial operations with its extensive logistics network. As India’s largest logistics services provider, the company serves over 54,000 clients across e-commerce, express parcel transportation, part truck-load (PTL) freight, full-truckload (FTL) freight, warehousing, and supply chain solutions. The leadership transition aims to streamline decision-making processes between revenue generation and operational execution.

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.