Sandeep Kumar Barasia resigned citing personal reasons, with effect from July 1, 2024
Delhivery slipped into the losses in Q4, posting a consolidated loss of INR 69 Cr
The company is also setting up a new wholly-owned subsidiary, Delhivery Robotics India, to enter the drone manufacturing space
Logistics unicorn delhivery
’s executive director and chief business officer Sandeep Kumar Barasia has tendered his resignation.
In an exchange filing, the company said that Barasia resigned citing personal reasons, with effect from July 1, 2024.
The logistics major also reported its financial results for the quarter ended March 31, 2024 today. It slipped into the losses during the quarter, posting a consolidated loss of INR 69 Cr. The company reported a consolidated profit after tax of INR 11.7 Cr in the preceding quarter – Q3.
Earlier in the day, Delhivery also said that it is setting up a wholly-owned subsidiary, Delhivery Robotics India, to enter the drone space. The subsidiary will manufacture drones and provide freight air transportation services.
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