Snowman Logistics , a leading provider of integrated temperature-controlled logistics services in India, has announced plans to construct a new temperature-controlled warehouse facility in Pune. This strategic move marks a significant expansion for the company in one of India's key industrial hubs.

Project Details

The new facility, being developed under a Built-to-Suit (BTS) model by Whitecastle Infra, will add substantial capacity to Snowman's existing operations in Pune:

Strategic Importance

This expansion is aimed at meeting the growing demand for high-quality temperature-controlled services in the Pune region. The facility is designed to cater to a diverse range of industries, including:

• Ice Cream
• Chocolates
• Dairy Products
• Quick Service/Fast Food Restaurants (QSR)
• Coffee chains
• Meat, Poultry, and Seafood
• Pharmaceuticals
• Other industrial goods requiring temperature-controlled storage and distribution

Company's Perspective

Ishaan Gupta, Director of Snowman Logistics, emphasized the significance of this new facility: "This new facility in Pune is a testament to our ongoing efforts to expand our footprint and deliver world-class cold chain solutions through both owned and asset light models. It will play a crucial role in supporting the growing demand for temperature-sensitive logistics across diverse sectors."

Snowman's Market Position

Snowman Logistics currently holds a leading position in India's cold chain infrastructure:

This expansion in Pune further solidifies Snowman's commitment to strengthening India's cold chain infrastructure across major consumption and production hubs.

The company's strategic expansion aligns with the growing needs of various industries for reliable temperature-controlled logistics solutions. As India's economy continues to evolve, particularly in sectors like food processing, pharmaceuticals, and e-commerce, the demand for sophisticated cold chain services is expected to rise, positioning Snowman Logistics favorably for future growth.

Snowman Logistics Limited has announced a significant change in its top financial leadership. The company's Board of Directors, in a meeting held on August 25, 2025, approved the appointment of Raghav Garg as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective immediately. This appointment follows the resignation of Balakrishna N from the same position.

Resignation of Balakrishna N

Balakrishna N, the outgoing CFO and KMP, tendered his resignation due to personal reasons, specifically citing his desire to relocate back to his family in Bangalore. While his resignation as CFO and KMP takes immediate effect, Balakrishna will continue with the organization during his notice period until September 5, 2025. In his resignation letter, Balakrishna expressed gratitude for the trust and opportunity given to him during his tenure at Snowman Logistics.

Appointment of Raghav Garg

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has appointed Raghav Garg as the new CFO and KMP. Garg brings a wealth of experience to his new role at Snowman Logistics.

Raghav Garg's Professional Background

Raghav Garg is a qualified Chartered Accountant and holds a B.Com (Honours) degree from Punjab University. With over 19 years of experience across various industries including textiles, packaging, FMCG, and recycling, Garg has developed expertise in several key areas:

• Finance Strategy
• Financial Planning and Analysis
• Audits and Budgetary Control
• Risk Management
• Treasury Operations
• Taxation
• ERP Systems

Prior to joining Snowman Logistics, Garg served as CFO at IDVB Recycling operations. His career also includes CFO positions at notable companies such as Pearl Global Industries, Trident Limited, and Umang Dairies Limited.

Terms of Appointment

Raghav Garg's appointment as CFO and KMP commenced from the opening of business hours on August 25, 2025. His term will continue until resignation, cessation, removal, or upon reaching the company's retirement age, as per Snowman Logistics' internal human resources policy.

The company has confirmed that Raghav Garg is not related to any Director or Key Managerial Personnel of Snowman Logistics Limited.

This leadership transition comes at a time when companies are increasingly focusing on strong financial management and strategic planning. Snowman Logistics, known for its cold chain logistics services, will likely benefit from Garg's diverse industry experience as it navigates the evolving business landscape.

The company has duly informed the National Stock Exchange of India Limited and BSE Limited of this change in key managerial personnel, in compliance with SEBI regulations. Further details of the transition have been made available on the company's investor relations website.