Afcom Holdings Limited, a leading player in the air cargo transportation sector, has announced a significant expansion of its operations in Asia, marking a strategic move to strengthen its presence in the region's aviation sector.

New Route to Hanoi

AFCOM has launched a new international cargo route to Hanoi, Vietnam, effective July 2, 2025. This expansion is part of the company's broader strategy to extend its cargo network across fast-growing and high-potential markets in Asia.

Strategic Partnership with Viet Jet

In a key development, AFCOM has signed an interline agreement with Viet Jet, a prominent Vietnamese airline. This collaboration aims to provide seamless cargo connectivity between India, South Korea, Taiwan, and Hong Kong via Vietnam, offering integrated end-to-end logistics solutions for businesses across Asia.

Enhancing Regional Connectivity

The partnership with Viet Jet is expected to unlock faster access to vital trade lanes such as South Korea and Taiwan, which have emerged as two of the fastest-growing markets in the region. Additionally, the agreement will strengthen AFCOM's presence in Hong Kong, a critical hub for cross-border e-commerce and high-value cargo imports into India.

Management's Perspective

Capt. Deepak Parasuraman, Chairman & Managing Director of AFCOM Holdings Limited, commented on the developments: "The launch of our Vietnam operations and interline agreement with Viet Jet represents a step forward in AFCOM's vision to create a highly connected and agile cargo network across Asia. Vietnam's strategic location allows us to unlock faster access to vital trade lanes such as South Korea, Taiwan, and Hong Kong—regions that are increasingly critical to the global supply chain."

Company Overview

AFCOM Holdings Limited, established in 2013, offers a range of cargo solutions including General Cargo, Flying Fresh, Flying Pharma, Flying Priority, Fly Courier, Project Cargo, Dangerous Goods, and High-Value Cargo. The company's current fleet comprises two Boeing 737-800 BCF aircraft, equipped to handle cargo efficiently and on time.

Financial Performance

In the fiscal year 2025, AFCOM reported strong financial results:

This expansion into Vietnam and the partnership with Viet Jet align with AFCOM's commitment to growth and service excellence in the air cargo transportation industry. The company continues to explore new partnerships and routes to enhance its global service offerings and deliver maximum value to its customers.

AFCOM Holdings Limited (BSE: 544224) has made a strategic move to strengthen its board by appointing two industry veterans as Independent Directors. This development, aimed at driving the company's growth and supporting its global expansion efforts, was announced in a recent filing to the Bombay Stock Exchange (BSE).

New Appointments

The company has welcomed two distinguished professionals to its board:

1. Mr. Sudhir Laxmikant Deoras: A seasoned executive with over 40 years of leadership experience in the Tata Group.
2. Ms. Arundhati Mech: A banking regulation expert with 35 years of experience at the Reserve Bank of India (RBI).

Mr. Sudhir Laxmikant Deoras: A Wealth of Corporate Experience

Mr. Deoras brings a rich background in steel, infrastructure, auto components, mergers and acquisitions, and international business. His impressive career highlights include:

• Managing Director of TRF Limited (2007-2016), where he led three transnational M&As and significantly increased market capitalization.
• Managing Director of Tata International (1999-2006), scaling the company's turnover from ₹800 crore to ₹8,000 crore.
• Key roles in Tata Steel and Tata Bearings, demonstrating his versatility across various sectors.

Ms. Arundhati Mech: Banking and Regulatory Expertise

Ms. Mech's extensive experience in the banking sector includes:

• Chief General Manager & Regional Director at RBI (2016-2019), overseeing banking operations in Tamil Nadu & Puducherry.
• General Manager (HR, Banking & IT) at RBI (2010-2016), leading digital transformation and compliance strategies.
• Significant contributions in managing the demonetization process and implementing Core Banking Solutions in Urban Cooperative Banks.

Strategic Implications

The appointment of these industry veterans is expected to bring valuable insights and expertise to guide AFCOM Holdings' future direction. Their combined experience in corporate leadership, international business, banking regulation, and crisis management aligns well with the company's ambitions for growth and global expansion.

Appointment Details

Both Mr. Deoras and Ms. Mech have been appointed for a term of two years, effective March 13, 2025. The decision was made during a board meeting held on March 12, 2025, which lasted from 12:35 PM to 1:05 PM.

Conclusion

These strategic appointments underscore AFCOM Holdings' commitment to enhancing its corporate governance and leveraging diverse expertise to drive its business forward. As the company sets its sights on global markets, the wealth of experience brought by these new board members is likely to play a crucial role in shaping its expansion strategies and navigating complex business environments.